Registration No. 33-48351

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

POST-EFFECTIVE AMENDMENT NO. 1

TO

FORM S-8

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

___________________________

MAXCO, INC.

(Exact name of registrant as specified in its charter)

Michigan	38-1792842
(State of incorporation)	(I.R.S. Employer Identification Number)

1005 Charlevoix Dr., Suite 100

Grand Ledge, MI 48837

(Address of principal executive offices)

MAXCO, INC. INCENTIVE STOCK OPTION PLAN

(Full title of the plan)

Max A. Coon

Chairman of the Board, President and Chief Executive Officer

Maxco, Inc.

1005 Charlevoix Dr., Suite 100

Grand Ledge, MI 48837

(517) 627-1734

(Name, address and telephone number of agent for service)

With Copies to:

J. Michael Warren

J.M. Warren Law Offices, P.C.

P.O. Box 26067

Lansing, MI 48909

(517) 349-8600

This Amendment No. 1 to Maxco, Inc.’s (the “Company”) Registration Statement on Form S-8 (File No. 33-48351) (the “Registration Statement”), which was filed with the Securities and Exchange Commission (the “Commission”) on June 2, 1992, is being filed in accordance with an undertaking made by the Company in the Registration Statement to remove from registration, by means of a post-effective amendment, any of the securities which remain unsold at the termination of the offering.

Under the Registration Statement, the Company registered an aggregate of 500,000 shares of Company Common Stock for issuance under the Maxco, Inc. Incentive Stock Option Plan (“Plan”). The Plan has expired and no further securities will be issued pursuant to the Plan. Of the aggregate shares registered under the Registration Statement, 315,000 of the shares have been sold and 185,000 shares remain unsold. The Company hereby removes from registration 185,000 shares of Common Stock of the Company registered but unsold under the Registration Statement.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Post-effective Amendment No. 1 to the Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Grand Ledge, State of Michigan, on May 30, 2007.

Maxco, Inc.
By:	/s/ Max A. Coon
	MAX A. COON President and Chief Executive Officer

Pursuant to the requirements of the Securities Act of 1933, as amended, this Amendment No. 1 to the Registration Statement on Form S-8 has been signed by the following persons in the capacities and on the dates indicated.

Signature	Title	Date
/s/ Max A. Coon MAX A. COON	Chairman of the Board, President and Chief Executive Officer (Principal Executive Officer)	May 30, 2007
/s/ Lawrence O. Fields LAWRENCE O. FIELDS	Chief Financial Officer and Treasurer (Principal Financial and Accounting Officer)	May 30, 2007
/s/ Eric L. Cross ERIC L. CROSS	Director, Executive Vice-President and Secretary	May 30, 2007
/s/ Joel I. Ferguson JOEL I. FERGUSON	Director	May 30, 2007
/s/ David R. Layton DAVID R. LAYTON	Director	May 30, 2007
/s/ Samuel O. Mallory SAMUEL O. MALLORY	Director	May 30, 2007