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): December 16, 2005


                         INTERNATIONAL POWER GROUP, LTD.
             (Exact name of registrant as specified in its charter)


                                    DELAWARE
                    (State of incorporation or organization)


                                     0-51449
                            (Commission file number)


                                   20-1686022
                      (I.R.S. Employer Identification No.)


                     6 Glory Lane, Sussex, New Jersey 07461
                    (Address of principal executive offices)


                                 (973) 875-6423
              (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:

|_|   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))


                                      C-1
<PAGE>

ITEM 5.02.  DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
            APPOINTMENT OF PRINCIPAL OFFICERS.

      Effective December 16, 2005,  International  Power Group, Ltd., a Delaware
corporation  ("IPWG")  announced that Mr. John Malin resigned as a member of the
Board of  Directors  of IPWG.  Mr. Malin is leaving as a Board member of IPWG to
resolve certain personal issues.

      IPWG will  commence a search for a  director  to fill this  vacancy in the
near future.


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.

                                          INTERNATIONAL POWER GROUP, LTD.


Date: December 16, 2005                   By:   /s/ Jack Wagenti
                                                --------------------------------
                                                Jack Wagenti
                                                Vice President and Secretary


                                      C-2
{"company-data": {"conformed-name": "International Power Group, Ltd.", "cik": "0001332702", "assigned-sic": "4950", "irs-number": "201686022", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-51449", "film-number": "051273250"}, "business-address": {"street1": "6 GLORY LANE", "city": "SUSSEX", "state": "NJ", "zip": "07461", "phone": "973-875-6423"}, "mail-address": {"street1": "6 GLORY LANE", "city": "SUSSEX", "state": "NJ", "zip": "07461"}}
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): December 16, 2005

                         INTERNATIONAL POWER GROUP, LTD.
             (Exact name of registrant as specified in its charter)

                                    DELAWARE
                    (State of incorporation or organization)

                                     0-51449
                            (Commission file number)

                                   20-1686022
                      (I.R.S. Employer Identification No.)

                     6 Glory Lane, Sussex, New Jersey 07461
                    (Address of principal executive offices)

                                 (973) 875-6423
              (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:

|_|   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))

                                      C-1
ITEM 5.02.  DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
            APPOINTMENT OF PRINCIPAL OFFICERS.

      Effective December 16, 2005,  International  Power Group, Ltd., a Delaware
corporation  ("IPWG")  announced that Mr. John Malin resigned as a member of the
Board of  Directors  of IPWG.  Mr. Malin is leaving as a Board member of IPWG to
resolve certain personal issues.

      IPWG will  commence a search for a  director  to fill this  vacancy in the
near future.

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.

                                          INTERNATIONAL POWER GROUP, LTD.

Date: December 16, 2005                   By:   /s/ Jack Wagenti
                                                --------------------------------
                                                Jack Wagenti
                                                Vice President and Secretary

                                      C-2