U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 12b-25

                           NOTIFICATION OF LATE FILING

                                                       S.E.C. File Number 1-106
                                                       Cusip Number 551137102


(Check  One):______ Form 10-K and From 10-KSB _____ Form 20-F X Form 11-K ______
Form 10-Q and Form 10-QSB ______ Form N-SAR

For period ended                 December 31, 1997

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

For the Transition Period ended _____________________________________

         Nothing in this form shall be  construed  to imply that the  Commission
has verified any information contained herein.

         If the  notification  relates to portion of the filing  checked  above,
identify       the       Items(s)      to      which      the       notification
relates:______________________________________________________________


                                      PART I
                             REGISTRANT INFORMATION

         Full name of registrant                     Lynch Corporation
         Former name if applicable

                            401 Theodore Fremd Avenue
         Address of principal Executive Office (Street and Number)

         City, State and Zip Code                   Rye, NY 10580


                                     PART II
                             RULES 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 box if appropriate.)

       (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,  Form 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.

                                    PART III
                                    NARRATIVE

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

         The subject Form 11-K relates to the Annual  Report for the fiscal year
ended December 31, 1997 for the Lynch  Corporation  401(k) Savings Plan ("Plan")
and was not filed  timely  due to delays in  preparing  the  required  financial
statements as a result of administrative delays.

                                     PART IV
                                OTHER INFORMATION

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

         Joseph H. Epel                                   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).

                                                         Yes      X    No

Form 11-K relating to the Annual Report for fiscal year ended December 31, 1996

         (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  statement  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 June 30, 1998                                By s/Joseph H. Epel
                                                       Joseph H. Epel, Treasurer