U.S. SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, D.C. 20549-1004


                                    FORM 8-K


                             CURRENT REPORT PURSUANT
                          TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


                        Date of report February 4, 2003


                              ROYAL PRECISION, INC.
             (Exact Name of Registrant as Specified in Its Charter)


                                    Delaware
                         (State or Other Jurisdiction of
                         Incorporation or Organization)


       0-22889                                            06-1453896
Commission File Number                      (I.R.S. Employer Identification No.)


   535 Migeon Avenue, Torrington , CT                        06790
(Address of Principal Executive Offices)                   (Zip code)


                                 (860) 489-9254
              (Registrant's Telephone Number, Including Area Code)


             ------------------------------------------------------
             (Former Name, Former Address and Former Fiscal Year if
                           Changed Since Last Report)

ITEM 1. CHANGES IN CONTROL OF REGISTRANT.

     Royal Precision, Inc. (the "Company"), on February 4, 2003, consummated the
previously  announced merger  ("Merger") with a subsidiary of Royal  Associates,
Inc.  pursuant to the  Agreement  and Plan of Merger  dated  September  12, 2002
between the Company,  Royal  Associates,  Inc. and RA Merger Sub, Inc.  ("Merger
Agreement") as a result of which the Company is the surviving  corporation,  the
public  stockholders  of the  Company  will  receive  payment of $0.10 per share
(except for holders who properly  exercise their dissenters rights of appraisal,
who are entitled to appraised value for their shares),  and the Company became a
wholly-owned  subsidiary of Royal  Associates,  Inc., which now owns 100% of the
common stock of the Company. For further information concerning the transaction,
reference is hereby made to the Merger  Agreement and the disclosures  contained
in  the  Company's  Definitive  Information  Statement  dated  January  6,  2003
("Information  Statement")  included as an exhibit to the Rule 13E-3 Transaction
Statement  and  amendments  thereto  previously  filed by the  Company and other
filing  persons with the  Securities and Exchange  Commission.  The  information
contained in the Information  Statement  includes,  among other things,  (a) the
names of the persons  who control  Royal  Associates,  Inc.;  (b) the amount and
source of the  consideration  used by Royal  Associates,  Inc. to consummate the
Merger;  (c) the basis of control;  (d) a  description  of the  Merger;  (e) the
percentages of voting securities  beneficially owned by the officers,  directors
and holders of more than 5% of the voting securities of Royal Associates,  Inc.;
(f) the identity of the holders of more than 5% of the voting  securities of the
Company from whom Royal Associates,  Inc. acquired by Merger the common stock of
the  Company;  as well as (g)  the  arrangements  or  understandings  among  the
stockholders  of Royal  Associates,  Inc.  with  respect  to the  stock of Royal
Associates,  Inc. and voting thereof.  The Company has filed a certification and
request with the Securities and Exchange Commission for early termination of the
Company's  public  reporting  requirements  and of its  registration  under  the
Securities Exchange Act of 1934, as amended.

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.

     (a)  Not applicable.

     (b)  Not applicable.

     (c)  Exhibits. The following exhibits are furnished as a part of this
          report:

Exhibit No.
- -----------

    2          Agreement   and  Plan  of  Merger   dated   September   12,  2002
               (incorporated  by  reference  to Exhibit  16(d)(1)  of Rule 13E-3
               Transaction Statement, as amended, filed January 2, 2003).

   20          Information  Statement  dated  January 6, 2003  (incorporated  by
               reference to Exhibit 15(b) of Rule 13E-3  Transaction  Statement,
               as amended, filed January 2, 2003).

                                       2

                                   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.

                                             ROYAL PRECISION, INC.

Date: February 18, 2003                      By: /s/John C. Lauchnor
                                                 -------------------------------
                                                 John C. Lauchnor, its President

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                                  EXHIBIT INDEX

                                                                   PAGE IN
                                                                   SEQUENTIALLY
EXHIBIT                                                            NUMBERED COPY
- -------                                                            -------------

   2     Agreement and Plan of Merger dated September 12, 2002
         (incorporated by reference to Exhibit 16(d)(1) of
         Rule 13E-3 Transaction Statement, as amended, filed
         January 2, 2003)

  20     Information Statement dated January 6, 2003 (incorporated
         by reference to Exhibit 15(b) of Rule 13E-3 Transaction
         Statement, as amended, filed January 2, 2003)