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): March 21, 2006
                                                          --------------


                               THE LGL GROUP, INC.
--------------------------------------------------------------------------------
               (Exact Name of Registrant as specified in Charter)

          Indiana                     1-106                   38-1799862
--------------------------------------------------------------------------------
(State or other jurisdiction       (Commission               (IRS Employer
      of incorporation)            File Number)            Identification No.)

    140 Greenwich Avenue, 4th Floor, Greenwich, CT               06830
--------------------------------------------------------------------------------
       (Address of Principal Executive Offices)               (Zip Code)

       Registrant's telephone number, including area code: (203) 622-1150
                                                           --------------


--------------------------------------------------------------------------------
         (Former name or former address, if changed since last report.)

      Check the  appropriate  box below if the Form 8-K  filing is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (SEE General Instruction A.2. below):

 |_|  Written  communications  pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

 |_|  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)

 |_|  Pre-commencement  communications  pursuant  to  Rule  14d-2(b)  under  the
      Exchange Act (17 CFR 240.14d-2(b))

 |_|  Pre-commencement  communications  pursuant  to  Rule  13e-4(c)  under  the
      Exchange Act (17 CFR 240.13e-4(c))




ITEM 8.01.  OTHER EVENTS.

      On March 21, 2007, The LGL Group,  Inc. (the "Company")  announced that it
has been  approached by an  investment  group  interested  in  purchasing  Lynch
Systems,  Inc. The Company also announced that it had retained  Caymus  Partners
LLC,  a  middle-market  investment  bank,  to  investigate  the  offer and other
value-enhancing opportunities. The text of a press release issued by the Company
is furnished as EXHIBIT 99.1 and is incorporated herein by reference.

ITEM 9.01.  FINANCIAL STATEMENTS AND EXHIBITS.

(c)   Exhibits

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

      99.1           Press release of The LGL Group, Inc. dated March 21, 2007.


                                    SIGNATURE

      Pursuant to the  requirements of the Securities  Exchange Act of 1934, the
Registrant  has duly caused this Current  Report on Form 8-K to be signed on its
behalf by the undersigned hereunto duly authorized.


March 22, 2007

                                    THE LGL GROUP, INC.


                                    By: /s/ Jeremiah Healy
                                        --------------------------------------
                                        Name: Jeremiah Healy
                                        Title: Chief Executive Officer