Form 8-K

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


  Graco Inc.  
 
(Exact name of registrant as specified in its charter)		  


Minnesota   001-9249   41-0285640
(State of Incorporation)		  
(Commission File No.)		  
(I.R.S. Employer Identification No.)


88-11th Avenue Northeast
Minneapolis, Minnesota 55413 		  55413
(Address of principal executive offices)		  
(Zip Code)


  (612) 623-6000  
 
(Registrant’s telephone number)		  


Item 5.

Other Events

 

 

        On December 12, 2003, the Board of Directors of the Company issued a press release announcing the approval of a 70% increase in the regular quarterly dividend from 8.25 cents per share to 14 cents per share and a special one-time dividend of $2.25 per share. The release is furnished as Exhibit 99 hereto.


Signature

        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, thereunto duly authorized.


        


  GRACO INC.





Date: December 12, 2003 By: \s\Robert M. Mattison                                   
  Its: Vice President, General Counsel and Secretary