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 17, 2010
Commission file number: 1-10024
BKF CAPITAL GROUP INC.
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(Exact Name of Registrant as Specified in its Charter)
Delaware 36-0767530
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State or other jurisdiction of (I.R.S. Employer
incorporation or organization Identification No.)
225 N.E. Mizner, Suite 400 Boca Raton, Florida 33432
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(Address of Principal Executive Office) (Zip Code)
(561) 362-4199
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(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))
Section 2 - Financial Information.
Item 2.01 Completion of Acquisition or Disposition of Assets.
On December 17, 2010, the registrant purchased 1,500,000 shares of Qualstar
Corporation ("Qualstar") common stock in a privately negotiated transaction at
the price of $1.55 per share or the total aggregate amount of $2,325,000. The
registrant purchased the Qualstar shares from Richard A. Nelson and Kathleen R.
Nelson as Co-Trustees of the Nelson Family Trust U/A DTD 01/19/2000. Richard A.
Nelson is an officer and director of Qualstar. Following the acquisition, the
registrant is the owner of approximately 12.2% of issued and outstanding shares
of Qualstar.
Qualstar is a diversified electronics manufacturer specializing in data
storage, power supplies and computer pointing devices. Qualstar's products are
known throughout the world for high quality and Simply Reliable designs that
provide years of trouble-free service. The securities of Qualstar are traded on
NASDAQ under the symbol "QBAK."
Section 8 - Other Events
Item 8.01 Other Events
On July 19, 2010 the Board of Directors of the registrant renewed its
share repurchase plan, authorizing the registrant to repurchase up to 1 million
shares of its outstanding common stock, $1 par value, over the twelve month
period July 19, 2009 through July 18, 2010 (the "2010 Repurchase Plan"). On
December 12, 2010, the registrant purchased 239,640 shares at an price of $1.18
per share. As of December 21, 2010, the registrant purchased an aggregate amount
of 526,623 shares of its common stock under the 2010 Repurchase Plan.
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: December 21, 2010
BKF CAPITAL GROUP, INC.
(Registrant)
By: /s/ STEVEN N. BRONSON
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Steven N. Bronson, President
