UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549



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                                    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): September 8, 2005
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                                LYNCH CORPORATION
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               (Exact Name of Registrant as specified in Charter)



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

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

       Registrant's telephone number, including area code: (203) 622-1150
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         (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 1.01   ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

     On September 8, 2005, the Registrant entered into a Letter Agreement
extending the maturity date of its Promissory Note in the principal amount of
$700,000 to Venator Merchant Fund L.P. (the "Promissory Note"). The maturity
date of the Promissory Note, which was to have been September 11, 2005 (or
within seven days after demand), is changed to November 10, 2005 (or within
seven days after demand).

Item 9.01   FINANCIAL STATEMENTS AND EXHIBITS.

       (c) Exhibits

       10.1   Letter Agreement dated September 8, 2005.





                                    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.



                                          LYNCH CORPORATION


                                          By: /s/ Eugene Hynes
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                                              Eugene Hynes
                                              Vice President
September 9, 2005