SECURITIES AND EXCHANGE COMMISSION


                             WASHINGTON, D.C. 20549


                                    FORM 8-K

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


Date of Report (Date of Earliest Event Reported) October 6, 1999



                               LYNCH CORPORATION
             (Exact Name of Registrant as Specified in its Charter)



    Indiana                          1-106                       38-1799862
(State of other                 (Commission File                (IRS Employer
Jurisdiction of                      Number)                    Identification)
Incorporation)




401 Theodore Fremd Avenue, Rye, NY                                 10580

(Address of Principal Executive Offices                           Zip Code



Registrant's Telephone Number, Including Area Code: 914/921-7601


<PAGE>



Item 5.           Other Events.

         Registrant's  subsidiary,  Lynch Systems,  Inc. ("LSI"),  has settled a
lawsuit,  that  resulted  from  the sale of  certain  packaging  equipment  by a
previously owned  subsidiary,  for $450,000,  payable over 3 years. As a result,
Registrant  expects  to  take  an  after-tax  charge  to  operating  results  of
approximately $0.1 million in the third quarter of 1999.

         LSI has received a $14 million  order for 4 large glass press  machines
from an East Asian  customer.  The presses are to be produced and delivered over
approximately  10 months.  In  connection  with the  order,  LSI has to obtain a
substantial  credit facility to protect advances by the customer and for working
capital.

         The foregoing information contains forward-looking information which is
based  upon  certain   assumptions,   including  obtaining  a  credit  facility.
Accordingly, the information is subject to uncertainties, risks and inaccuracies
which could be material.

         Pursuant to the requirement of the Securities and Exchange Act of 1934,
as  amended,  the  Registrant  has duly  caused  this report to be signed on its
behalf by the undersigned thereunto duly authorized.

                                                Lynch Corporation


                                                By:/s/Robert E. Dolan

                                                      Robert E. Dolan
                                                      Chief Financial Officer
Date: October 6, 1999
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{"company-data": {"conformed-name": "LYNCH CORP", "cik": "0000061004", "assigned-sic": "4213", "irs-number": "381799862", "state-of-incorporation": "IN", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-00106", "film-number": "99724008"}, "business-address": {"street1": "401 THEODORE FREMD AVENUE", "city": "RYE", "state": "NY", "zip": "10580", "phone": "9149217601"}, "mail-address": {"street1": "401 THEODORE FREMD AVENUE", "street2": "SUITE 290", "city": "RYE", "state": "NY", "zip": "10580"}}
SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                    FORM 8-K

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

Date of Report (Date of Earliest Event Reported) October 6, 1999

                               LYNCH CORPORATION
             (Exact Name of Registrant as Specified in its Charter)

    Indiana                          1-106                       38-1799862
(State of other                 (Commission File                (IRS Employer
Jurisdiction of                      Number)                    Identification)
Incorporation)

401 Theodore Fremd Avenue, Rye, NY                                 10580

(Address of Principal Executive Offices                           Zip Code

Registrant's Telephone Number, Including Area Code: 914/921-7601
Item 5.           Other Events.

         Registrant's  subsidiary,  Lynch Systems,  Inc. ("LSI"),  has settled a
lawsuit,  that  resulted  from  the sale of  certain  packaging  equipment  by a
previously owned  subsidiary,  for $450,000,  payable over 3 years. As a result,
Registrant  expects  to  take  an  after-tax  charge  to  operating  results  of
approximately $0.1 million in the third quarter of 1999.

         LSI has received a $14 million  order for 4 large glass press  machines
from an East Asian  customer.  The presses are to be produced and delivered over
approximately  10 months.  In  connection  with the  order,  LSI has to obtain a
substantial  credit facility to protect advances by the customer and for working
capital.

         The foregoing information contains forward-looking information which is
based  upon  certain   assumptions,   including  obtaining  a  credit  facility.
Accordingly, the information is subject to uncertainties, risks and inaccuracies
which could be material.

         Pursuant to the requirement of the Securities and Exchange Act of 1934,
as  amended,  the  Registrant  has duly  caused  this report to be signed on its
behalf by the undersigned thereunto duly authorized.

                                                Lynch Corporation

                                                By:/s/Robert E. Dolan

                                                      Robert E. Dolan
                                                      Chief Financial Officer
Date: October 6, 1999