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<CONFORMED-NAME>BKF CAPITAL GROUP INC
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<STREET1>225 N.E. MIZNER BOULEVARD, SUITE 400
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<STATE>FL
<ZIP>33432
<PHONE>561 362-4199
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<STREET1>225 N.E. MIZNER BOULEVARD, SUITE 400
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<FORMER-CONFORMED-NAME>BAKER FENTRESS & CO
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<FORMER-CONFORMED-NAME>BAKER FENTRESS & CO ET AL
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<DESCRIPTION>FORM 8-K
<TEXT>

                                 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): June 20, 2012

                        Commission file number: 1-10024

                             BKF CAPITAL GROUP INC.
             ------------------------------------------------------
             (Exact Name of Registrant as Specified in its Charter)


          Delaware                                      36-0767530
------------------------------                      ------------------
State or other jurisdiction of                        (I.R.S. Employer
incorporation or organization                        Identification No.)


              225 N.E. Mizner, Suite 400 Boca Raton, Florida 33432
             ------------------------------------------------------
               (Address of Principal Executive Office) (Zip Code)


                                 (561) 362-4199
               --------------------------------------------------
              (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 (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))

<PAGE>

Section 8-Other Events.

Item 8.01 Other Events.

      On  June 20, 2012, BKF Capital Group, Inc. ("BKF"), issued a press release
concerning   the   Special  Meeting  of  Shareholders  of  Qualstar  Corporation
("Qualstar")  held  on  June  20,  2012 to remove and replace the members of the
Qualstar  board  of  directors.  A copy of the press release is attached to this
report as Exhibit 99.1.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

      The  following Exhibits are hereby filed as part of this Current Report on
Form 8-K:

Exhibits
--------

99.1     Press Release, dated June 20, 2012.



                                   SIGNATURES

   Pursuant  to  the  requirements  of  the Securities Exchange Act of 1934, BKF
Capital  Group,  Inc.  has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.

Dated: June 20, 2012

                                           BKF CAPITAL GROUP, INC.
                                                 (Registrant)


                                       By: /s/ STEVEN N. BRONSON
                                           ----------------------------
                                           Steven N. Bronson, President
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>v316594_ex99-1.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>

                                                                    Exhibit 99.1

Press Release
For Immediate Release


              BKF MOVES TO ADJOURN QUALSTAR SPECIAL MEETING CITING
              PROBLEMS WITH STREET NAME VOTING; MAJORITY OF VOTES
                       CAST APPEAR TO FAVOR BKF PROPOSALS

Boca  Raton,  Florida, June 20, 2012 - BKF Capital Group, Inc. (OTCQB - "BKFG"),
announced  that,  at the Special Meeting of Shareholders of Qualstar Corporation
(NASDAQ  --  "QBAK")  today  called  by  BKF  to  remove and replace the current
Qualstar  directors,  BKF moved to adjourn the meeting for a period of two weeks
to Thursday, July 5, 2012 because of issues with street name voting. The Company
refused  to  recognize BKF's motion and challenged BKF to take legal action. BKF
is now considering its legal alternatives.

In  moving  to  adjourn the Special Meeting, BKF cited problems with street name
voting  that  came  to  its attention shortly before the meeting. These problems
appear  to  have  resulted  either  in  votes  being misdirected or not allowing
shareholders  sufficient  time  to  cast their vote. In one case, if not caught,
these  problems  would  have  resulted in almost 900,000 votes not being cast in
favor of the BKF proposals.

Under  the Qualstar bylaws, a shareholders meeting may be adjourned from time to
time by the vote of a majority of the shares whose holders are either present in
person  or represented by a proxy. Based on a preliminary tally, BKF understands
that  a  majority  of  the shares present at the Special Meeting would have been
cast in favor of adjournment had the motion been allowed.

Also based on a preliminary tally, BKF understands that a majority of the shares
voted  as  of  the  time  of  the  Special Meeting were cast in favor of the BKF
proposals,  although  this  was less than the absolute majority needed to remove
the  current  directors.  Irrespective  of  BKF's  motion  for  adjournment, BKF
believes  that  this  sends  a  powerful  message  to  the  Qualstar  board that
shareholders  will  no  longer tolerate a status quo of annual losses, declining
revenue and depressed market value. BKF also believes that the preliminary tally
demonstrates   solid   support  for  BKF's  demand  to  return  excess  cash  to
shareholders.

In light of today's developments, BKF encourages management to sit down with BKF
to  arrive at a mutually acceptable resolution that will provide for appropriate
representation  of  BKF  on  the Company's board and that will address the other
issues raised by BKF during its campaign.

ABOUT BKF CAPITAL GROUP INC.

BKF  Capital Group Inc. (OTCQB - "BKFG") is a publicly traded company focused on
arranging  a merger, acquisition, business combination or other arrangement with
both  public  and  private  companies  with  unique  value  opportunities and/or
acquiring  a  controlling position in such companies through equity purchases or
debt financings. For additional information please visit: www.bkfcapital.com.

Contacts:
BKF Capital Group, Inc.
Greg Heller  561-362-4199 x 330
gheller@bkfcapital.com
</TEXT>
</DOCUMENT>
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