<DOCUMENT>
<TYPE>NT 10-Q
<SEQUENCE>1
<FILENAME>lglform12b-25.txt
<DESCRIPTION>LYNCH CORPORATION FORM 12B-25
<TEXT>


                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                   FORM 12b-25

                                              Commission File Number     1-106
                                                                         -----
NOTIFICATION OF LATE FILING

(Check One):
Form 10-K  [ ]
Form 11-K  [ ]
Form 20-F  [ ]
Form 10-Q  [X]
Form N-SAR [ ]

For Period Ended:   March 31, 2001
-----------------   --------------

[ ]Transition Report on Form 10-K
[ ]Transition Report on Form 10-Q
[ ]Transition Report on Form 20-F
[ ]Transition Report on Form N-SAR
[ ]Transition Report on Form 11-K

For the Transition Period Ended:

      Read attached instruction sheet before preparing form. Please print or
type.

Nothing  in this  form  shall be  construed  to imply  that the  Commission  has
verified any information  contained  herein.  If the  notification  relates to a
portion  of the  filing  checked  above,  identify  the  Item(s)  to  which  the
notification relates:

                         Part I. Registrant Information

Full name of registrant              LYNCH CORPORATION
-----------------------              -----------------
Former name if applicable

Address of principal executive office (Street and number):
                                  401 Theodore Fremd Avenue
City, State and Zip               Rye, New York 10580


                        Part II. Rule 12b-25 (b) and (c)

If the subject report could not be filed without  unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be  completed.  (Check  appropriate  box.)

[x] (a)The  reasons  described in reasonable  detail in Part III of this form
     could not be eliminated without unreasonable effort or expense;

[ ] (b) The subject annual report,  semi-annual report,  transition report on
     Form 10-K,  20-F,  11-K or Form N- SAR, or portion thereof will be filed on
     or before the 15th calendar day following the  prescribed  due date; or the
     subject  quarterly  report or  transition  report on Form 10-Q,  or portion
     thereof  will be filed on or before the fifth  calendar day  following  the
     prescribed  due  date;  and

[ ] (c)  The  accountant's  statement  or  other  exhibit  required  by  Rule
     12b-25(c) has been attached if applicable.






<PAGE>




                                    FORM 12b-25

                               Part III. Narrative

State below in reasonable  detail the reasons why Form 10-K,  11-K,  20-F, 10-Q,
N-SAR or the  transition  report  portion  thereof could not be filed within the
prescribed time period. (Attach extra sheets if needed.)


The Form 10-Q for Lynch  Corporation  for the  quarterly  period ended March 31,
2001 is not able to be timely filed since a consolidated  subsidiary,  Spinnaker
Industries,  Inc., a public company with SEC compliance reporting  requirements,
is not able to file its Form 10-Q in a timely manner.

The reason Spinnaker gives in their Form 12b-25 is as follows:

"On May 15, 2001,  Registrant  announced that it intends to cease operations and
close its Spinnaker  Coating-Maine,  Inc. facility, and that it has entered into
an  agreement  for the  sale of  certain  assets  related  to the  facility.  In
connection with the announcement, the Registrant expects that it will record, as
of March 31, 2001, a non-cash asset impairment write down of between $31 million
and $36  million to  reflect  the  significantly  reduced  value of the  related
long-term assets.  Registrant is filing this notice of its inability to file its
Form 10-Q for the period  ended March 31, 2001,  because it cannot  finalize the
asset  impairment  accrual  prior to the filing  deadline  without  unreasonable
effort or  expense.  Registrant  intends to file its Form 10-Q no later than May
21, 2001."

      See the Form 12b-25 filed by Spinnaker Industries, Inc.

                           Part IV. Other Information

(1)  Name  and  telephone  number  of  person  to  contact  in  regard  to  this
     notification

ROGER J. DEXTER                                      (914)  921-7601
---------------                                      -----  --------
(Name)                                            (Area code) (Telephone number)

(2)  Have all other periodic  reports  required under Section 13 or 15(d) of the
     Securities Exchange Act of 1934 or Section 30 of the Investment Company Act
     of 1940 during the preceding 12 months or for such shorter  period that the
     registrant was required to file such report(s) been filed? If the answer is
     no,  identify  report(s).  [X ] Yes [ ] No

(3)  Is it anticipated that any significant change in results of operations from
     the corresponding  period for the last fiscal year will be reflected by the
     earnings  statements  to be  included  in the  subject  report  or  portion
     thereof?  [ ] Yes [X ] No If so: attach an explanation  of the  anticipated
     change, both narratively and quantitatively, and, if appropriate, state the
     reasons why a reasonable estimate of the results cannot be made.

                                LYNCH CORPORATION

                  (Name of registrant as specified in charter)

Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.

Date May 16, 2001                           By  /s/Roger J. Dexter
-----------------                           -----------------------
                                                   Roger J. Dexter
                                                   Chief Financial Officer

Instruction. The form may be signed by an executive officer of the registrant or
by any other duly  authorized  representative.  The name and title of the person
signing  the form  shall  be typed or  printed  beneath  the  signature.  If the
statement is signed on behalf of the registrant by an authorized  representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.

                                   ATTENTION

Intentional  misstatements  or omissions of fact  constitute  Federal
criminal violations (see 18 U.S.C. 1001).
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</DOCUMENT>
