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<P STYLE="text-align: center; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif">UNITED STATES</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif">Washington, D.C. 20549</P>

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<P STYLE="text-align: center; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif">FORM 8-K</P>

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<P STYLE="text-align: center; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif">CURRENT REPORT</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif">PURSUANT TO SECTION 13 OR
15(D)</P>

<P STYLE="text-align: center; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif">OF THE SECURITIES EXCHANGE
ACT OF 1934</P>

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<P STYLE="text-align: center; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif">Date of Report (Date of earliest
event reported): February 28, 2012</P>

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<P STYLE="text-align: center; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif">Commission file number: 1-10024</P>

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<P STYLE="text-align: center; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif">BKF CAPITAL GROUP INC.</P>

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<P STYLE="text-align: center; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif">(Exact Name of Registrant
as Specified in its Charter)</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
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    <TD STYLE="border-bottom: black 2px solid; width: 41%; text-align: center; text-indent: 0pt">Delaware</TD>
    <TD STYLE="width: 4%; padding-bottom: 2px">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2px solid; width: 41%; text-align: center; text-indent: 0pt">36-0767530</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; text-indent: 0pt">State or other jurisdiction of</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; text-indent: 0pt">(I.R.S. Employer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; text-indent: 0pt">incorporation or organization</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; text-indent: 0pt">Identification No.)</TD></TR>
</TABLE>
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<P STYLE="text-align: center; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif">225 N.E. Mizner, Suite 400
Boca Raton, Florida 33432</P>

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<P STYLE="text-align: center; text-indent: 0pt; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"> &#160;(Address of Principal Executive Office) (Zip Code)</FONT></P>

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<P STYLE="text-align: center; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif">(561) 362-4199</P>

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<P STYLE="text-align: center; text-indent: 0pt; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"> &#160;(Registrant's telephone number including area code)</FONT></P>

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<P STYLE="text-align: left; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif">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):</P>

<P STYLE="margin: 0pt">&nbsp;</P>

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    <TD STYLE="text-align: left; padding-left: 10pt; text-indent: -10pt; width: 4%"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></TD>
    <TD STYLE="text-align: left; padding-left: 10pt; text-indent: -10pt; width: 96%">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD></TR>
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    <TD STYLE="text-align: left; padding-left: 10pt; text-indent: -10pt; width: 4%"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></TD>
    <TD STYLE="text-align: left; padding-left: 10pt; text-indent: -10pt; width: 96%">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR>
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    <TD STYLE="text-align: left; padding-left: 10pt; text-indent: -10pt; width: 4%"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></TD>
    <TD STYLE="text-align: left; padding-left: 10pt; text-indent: -10pt; width: 96%">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR>
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<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; padding-left: 10pt; text-indent: -10pt; width: 4%"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></TD>
    <TD STYLE="text-align: left; padding-left: 10pt; text-indent: -10pt; width: 96%">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0">Section 8 - Other Events.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0">Item 8.01 Other Events.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0">On February 28, 2012, BKF Capital Group,
Inc. (the &quot;Company&quot;), as the owner of 15% of the outstanding shares of Qualstar Corporation, a publicly held company
(&ldquo;Qualstar&rdquo;), issued a press release containing an open letter to the Shareholders of Qualstar (the &ldquo;Letter&rdquo;).
The securities of Qualstar trade on the NASDAQ Market under the symbol &ldquo;QBAK.&rdquo; The Letter informed the shareholders
of Qualstar that BKF Capital intends to withhold its votes for Qualstar&rsquo;s slate of directors at Qualstar&rsquo;s Annual Meeting
scheduled for March 21, 2012 for the reasons set forth in the Letter. The Letter also urges other shareholders of Qualstar to do
the same. A copy of the press release containing the Letter is attached to this report as Exhibit 99.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0">Section 9 - Financial Statements and Exhibits</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0">Item 9.01 Financial Statements and Exhibits.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(d) Exhibits.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The following Exhibits are hereby filed as
part of this Current Report on Form 8-K:</P>

<P STYLE="margin: 0pt">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Exhibits</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">99.1 Press Release, dated February 28, 2012.</P>



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<P STYLE="text-align: center; text-indent: 0pt; margin: 0; font: 10pt Times New Roman, Times, Serif">SIGNATURES</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, BKF Capital Group, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Dated: February 28, 2012</P>



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<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left; text-indent: 0pt">BKF CAPITAL GROUP, INC.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left; text-indent: 0pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (Registrant)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 45%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">By:</TD>
    <TD STYLE="text-align: left; border-bottom: black 2px solid; text-indent: 0pt">/s/ STEVEN N. BRONSON</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">Steven N. Bronson, President</TD></TR>
</TABLE>
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{"company-data": {"conformed-name": "BKF CAPITAL GROUP INC", "cik": "0000009235", "assigned-sic": "6282", "irs-number": "360767530", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-10024", "film-number": "12650593"}, "business-address": {"street1": "225 N.E. MIZNER BOULEVARD, SUITE 400", "city": "BOCA RATON", "state": "FL", "zip": "33432", "phone": "561 362-4199"}, "mail-address": {"street1": "225 N.E. MIZNER BOULEVARD, SUITE 400", "city": "BOCA RATON", "state": "FL", "zip": "33432"}, "former-company": [{"former-conformed-name": "BAKER FENTRESS & CO", "date-changed": "19970829"}, {"former-conformed-name": "BAKER FENTRESS & CO ET AL", "date-changed": "19940714"}]}
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): February 28, 2012
Commission file number: 1-10024
BKF CAPITAL GROUP INC.
(Exact Name of Registrant
as Specified in its Charter)
Delaware
36-0767530
State or other jurisdiction of
(I.R.S. Employer
incorporation or organization
Identification No.)
225 N.E. Mizner, Suite 400
Boca Raton, Florida 33432
(Address of Principal Executive Office) (Zip Code)
(561) 362-4199
(Registrant's telephone number including area code)
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))
Section 8 - Other Events.
Item 8.01 Other Events.
On February 28, 2012, BKF Capital Group,
Inc. (the "Company"), as the owner of 15% of the outstanding shares of Qualstar Corporation, a publicly held company
("Qualstar"), issued a press release containing an open letter to the Shareholders of Qualstar (the "Letter").
The securities of Qualstar trade on the NASDAQ Market under the symbol "QBAK." The Letter informed the shareholders
of Qualstar that BKF Capital intends to withhold its votes for Qualstar's slate of directors at Qualstar's Annual Meeting
scheduled for March 21, 2012 for the reasons set forth in the Letter. The Letter also urges other shareholders of Qualstar to do
the same. A copy of the press release containing the Letter is attached to this report as Exhibit 99.1.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
The following Exhibits are hereby filed as
part of this Current Report on Form 8-K:
Exhibits
99.1 Press Release, dated February 28, 2012.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, BKF Capital Group, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Dated: February 28, 2012
BKF CAPITAL GROUP, INC.
(Registrant)
By:
/s/ STEVEN N. BRONSON
Steven N. Bronson, President
2