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 15, 2005

                             THE ALPINE GROUP, INC.
             (Exact Name of Registrant as Specified in its Charter)

                        Commission File Number: 000-02249

               DELAWARE                                 22-1620387
(State or Other Jurisdiction of             (I.R.S. Employer Identification No.)
Incorporation or Organization)

                              ONE MEADOWLANDS PLAZA
                        EAST RUTHERFORD, NEW JERSEY 07073
          (Address of Principal Executive Offices, Including Zip Code)

                                 (201) 549-4400
              (Registrant's Telephone Number, Including Area Code)

          (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:

[ ]  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
     (17CFR240.14a-12)

[ ]  Pre-commencement   communications  pursuant  to  Rule  14d-2(b)  under  the
     Exchange Act (17CFR240.14d-2(b))

[ ]  Pre-commencement   communications  pursuant  to  Rule  13a-4(c)  under  the
     Exchange Act (17CFR240.13c-4(c))


<PAGE>



ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

On March 15, 2005, the Executive Compensation and Organization Committee (the
"Committee") of the Board of Directors (the "Board") of the registrant
("Alpine") approved the payment of cash bonuses for the 2004 fiscal year of
registrant to the following executive officers of Alpine and its subsidiary
Essex Electric Inc., in the respective amounts set forth opposite each such
executive's name:

NAME                    TITLE                                            AMOUNT

K. Mitchell Posner      Executive Vice-President                        $150,000

David A. Owen           Chief Financial Officer                          $75,000

Stewart H. Wahrsager    Senior Vice President and General Counsel        $60,000

Dana P. Sidur           Vice President and Corporate Treasurer           $45,000

Harold M. Karp          President of Essex Electric, Inc. ("Essex")      $75,000

In approving the bonuses, the Committee considered (i) the benefits to Alpine
shareholders achieved during 2004; (ii) the performance, size and achievement of
the Alpine corporate management team; (iii) the positive leadership and
contribution of the President of Essex; (iv) the aggregate amount of the bonuses
relative to Alpine's asset and business base; and (v) the importance of
maintaining incentive and rewarding progress of key management team members for
the long term growth of Alpine's equity value.

     At a regularly  scheduled  meeting of the Board held on March 16, 2005, the
Chairman of the Committee reported upon its considerations respecting and action
in approval of the above described bonuses;  and the Board unanimously  ratified
such action.

                                   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 thereunto duly authorized.


     Dated: March 21, 2005                   THE ALPINE GROUP, INC.

                                             By:    /s/David A. Owen
                                               ----------------------------
                                                    David A. Owen
                                                    Chief Financial Officer
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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 15, 2005

                             THE ALPINE GROUP, INC.
             (Exact Name of Registrant as Specified in its Charter)

                        Commission File Number: 000-02249

               DELAWARE                                 22-1620387
(State or Other Jurisdiction of             (I.R.S. Employer Identification No.)
Incorporation or Organization)

                              ONE MEADOWLANDS PLAZA
                        EAST RUTHERFORD, NEW JERSEY 07073
          (Address of Principal Executive Offices, Including Zip Code)

                                 (201) 549-4400
              (Registrant's Telephone Number, Including Area Code)

          (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:

[ ]  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
     (17CFR240.14a-12)

[ ]  Pre-commencement   communications  pursuant  to  Rule  14d-2(b)  under  the
     Exchange Act (17CFR240.14d-2(b))

[ ]  Pre-commencement   communications  pursuant  to  Rule  13a-4(c)  under  the
     Exchange Act (17CFR240.13c-4(c))
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

On March 15, 2005, the Executive Compensation and Organization Committee (the
"Committee") of the Board of Directors (the "Board") of the registrant
("Alpine") approved the payment of cash bonuses for the 2004 fiscal year of
registrant to the following executive officers of Alpine and its subsidiary
Essex Electric Inc., in the respective amounts set forth opposite each such
executive's name:

NAME                    TITLE                                            AMOUNT

K. Mitchell Posner      Executive Vice-President                        $150,000

David A. Owen           Chief Financial Officer                          $75,000

Stewart H. Wahrsager    Senior Vice President and General Counsel        $60,000

Dana P. Sidur           Vice President and Corporate Treasurer           $45,000

Harold M. Karp          President of Essex Electric, Inc. ("Essex")      $75,000

In approving the bonuses, the Committee considered (i) the benefits to Alpine
shareholders achieved during 2004; (ii) the performance, size and achievement of
the Alpine corporate management team; (iii) the positive leadership and
contribution of the President of Essex; (iv) the aggregate amount of the bonuses
relative to Alpine's asset and business base; and (v) the importance of
maintaining incentive and rewarding progress of key management team members for
the long term growth of Alpine's equity value.

     At a regularly  scheduled  meeting of the Board held on March 16, 2005, the
Chairman of the Committee reported upon its considerations respecting and action
in approval of the above described bonuses;  and the Board unanimously  ratified
such action.

                                   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 thereunto duly authorized.

     Dated: March 21, 2005                   THE ALPINE GROUP, INC.

                                             By:    /s/David A. Owen
                                               ----------------------------
                                                    David A. Owen
                                                    Chief Financial Officer