8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)  December 12, 2003
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                               SL INDUSTRIES, INC.
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             (Exact name of registrant as specified in its charter)


          New Jersey                         1-4987             21-0682685
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  (State or other jurisdiction            (Commission         (IRS Employer
       of incorporation)                  File Number)       Identification No.)



520 Fellowship Road, Suite A114, Mount Laurel, New Jersey          08054
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(Address of principal executive offices)                         (Zip Code)


Registrant's telephone number, including area code (856) 727-1500
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         (Former name or former address, if changed since last report)







Item 5.     OTHER EVENTS AND REQUIRED FD DISCLOSURE.

            On December 12, 2003,  the  Registrant  announced  that its Board of
Directors  authorized the repurchase of up to 10% of the  outstanding  shares of
the  common  stock of the  Registrant,  or  approximately  550,000  shares.  Any
repurchases  would be made if and when management  considers  appropriate and in
the open market or in negotiated transactions.

            For additional  information,  reference is made to the press release
which  is  attached  hereto  as  Exhibit  99.1  and is  incorporated  herein  by
reference.


Item 7.     FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

            (a)   Financial Statements of Business Acquired.

                  Not Applicable.

            (b)   Pro Forma Financial Information.

                  Not Applicable.

            Exhibits.

                  99.1   Press Release dated December 12, 2003.



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                                   SIGNATURES

            Pursuant to the requirements of the Securities Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.



                                                    SL INDUSTRIES, INC.

Date:  December 15, 2003
                                               By:  /s/ David R. Nuzzo
                                                    --------------------------
                                                    David R. Nuzzo
                                                    Vice President Finance and
                                                    Administration

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                                  EXHIBIT INDEX

           Exhibit No.              Description
           -----------              -----------
              99.1                  Press Release dated December 12, 2003


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EX-99.1

                                                                    Exhibit 99.1
FOR IMMEDIATE RELEASE



             SL INDUSTRIES, INC. ANNOUNCES STOCK REPURCHASE PROGRAM

            MT. LAUREL, N.J., December 12, 2003 - SL INDUSTRIES,  INC. (AMEX and
PHLX:SLI)  announced  today  that its  Board of  Directors  has  authorized  the
repurchase  of up to 10% of the  outstanding  shares of the common  stock of the
Company,  or approximately  550,000 shares. Any repurchases would be made if and
when  management  considers  appropriate and in the open market or in negotiated
transactions.

ABOUT SL INDUSTRIES

            SL Industries, Inc. designs, manufactures and markets Power and Data
Quality  (PDQ)  equipment  and  systems  for  industrial,   medical,  aerospace,
telecommunications  and consumer  applications.  For more  information  about SL
Industries,  Inc.  and its  products,  please  visit the  Company's  web site at
www.slindustries.com.

FORWARD-LOOKING STATEMENTS

            This press  release  contains  statements  that are  forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995.  These  statements  are  based  on  current  expectations,  estimates  and
projections about the Company's  business based, in part, on assumptions made by
management.  These  statements  are not  guarantees  of future  performance  and
involve  risks,  uncertainties  and  assumptions  that are difficult to predict.
Therefore,  actual  outcomes  and  results  may differ  materially  from what is
expressed  or  forecasted  in such  forward-looking  statements  due to numerous
factors, including those described above and the following: the effectiveness of
the cost reduction initiatives undertaken by the Company,  changes in demand for
the  Company's  products,  product  mix,  the  timing  of  customer  orders  and
deliveries,  the impact of  competitive  products  and pricing,  constraints  on
supplies of critical  components,  excess or  shortage of  production  capacity,
difficulties  encountered in the  integration  of acquired  businesses and other
risks  discussed  from time to time in the  Company's  Securities  and  Exchange
Commission filings and reports.  In addition,  such statements could be affected








by general industry and market conditions and growth rates, and general domestic
and international  economic conditions.  Such  forward-looking  statements speak
only as of the date on which they are made,  and the Company does not  undertake
any  obligation  to update any  forward-looking  statement to reflect  events or
circumstances after the date of this release.

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Contact:

            SL Industries, Inc.
            David R. Nuzzo, 856-222-5515