8-K

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 21, 2010

SL Industries, Inc.
(Exact name of registrant as specified in its charter)
New Jersey	1-4987	21-0682685
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
520 Fellowship Road, Suite A114, Mount Laurel, New Jersey		08054
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (856) 727-1500

N/A

(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):

o 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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(a)           Resignation of Director

On June 21, 2010, the Board of Directors (the “Board”) of SL Industries, Inc. (the “Company”) received a letter of resignation from J. Dwane Baumgardner pursuant to which he resigned from his position as a member of the Board (the “Letter of Resignation”).  Mr. Baumgardner served on the Audit Committee and the Nominating and Corporate Governance Committee at the time of his resignation.

Mr. Baumgardner stated in the Letter of Resignation that the reason for his resignation stems from certain fundamental disagreements with SL, and in particular, the Board’s practices, and discusses his concerns further in his letter.  The foregoing description of the Letter of Resignation does not purport to be complete and is qualified in its entirety by reference to the full text of such document.  The Letter of Resignation is filed as Exhibit 17.1 to this Form 8-K and is incorporated into this Item 5.02 by reference.

Item 9.01. Financial Statements and Exhibits.

(c)           Exhibits

Exhibit No. Exhibits

17.1 Letter from J. Dwane Baumgardner dated June 20, 2010.

SIGNATURES

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

	SL Industries, Inc.
	(Registrant)
Date:  June 25, 2010
	By:	/s/ Glen Kassan
		Name:	Glen Kassan
		Title:	Interim Chief Executive Officer

EX-17.1

Exhibit 17.1

Glen Kassan                                                                                                            Chairman of the Board SL Industries, Inc. 520 Fellowship Road Suite A-114 Mt. Laurel, NJ 08054 June 20, 2010

 Dear Glen,

I respectfully and regretfully submit this letter of resignation from the SL Board of Directors. I am clearly not aligned with the collective actions of the Board and I simply can’t continue given the critical nature of the issues involved. I am sure this decision will not come as a surprise as the record will show I have clearly and consistently voiced my concerns. To be clear, I consider myself to have a fundamental disagreement with SL, and in particular, the board’s practices.

There is no need to go into detail in this letter regarding these concerns. However, in broad general terms my concerns center around: 1) the treatment of Jim Taylor as CEO and David Nuzzo as CFO, particularly in light of the positive performance of the company under their direction,  and the powerful message this sends to the entire organization regarding the standard at SL for fair treatment and respect for people, 2) actual or perceived conflicts of interest and the impacts these have on dealing with sensitive issues regarding directors such as the current inquiry and the issue of how to grow shareholder value in a way that benefits all shareholders, and 3) the differing philosophies on the Board regarding strategic planning and the impact this has had on the company.

Overall, I have enjoyed my years of service on the Board. I have always worked hard to fulfill my responsibilities and duties as an independent director. I have always aligned my personal and professional interests with the shareholders and am likely one of the largest individual shareholders of SL stock. While I have these concerns I wish all the employees, managers and directors all the best in building a successful future for SL Industries.

Sincerely,

Dwane Baumgardner