Item 2.02 Results of Operations and Financial Condition.
On November 14, 2008, The Hallwood Group Incorporated ("the Company") issued a press release announcing its results of operations for the third quarter and nine months ended September 30, 2008. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information under this item in this Current Report on 8-K, including the exhibit, is provided under Item 2.02 of Form 8-K and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. Furthermore, the information under this item in this Current Report on Form 8-K, including the exhibit, shall not be deemed to be incorporated by reference into the filings of the registrant under the Securities Act of 1933 regardless of any general incorporation language in such filings.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective November 13, 2008, J. Thomas Talbot and A. Peter Landolfo retired from the Board of Directors of the Company. Mr. Talbot's and Mr. Landolfo's decisions to retire were not a result of a disagreement with the Company regarding its operations, policies, practices or otherwise.
The Company's Board of Directors now consists of Anthony J. Gumbiner, Charles
A. Crocco, Jr. and M. Garrett Smith.

Item 9.01 Financial Statements and Exhibits.
The following exhibit is furnished in accordance with the provisions of Item 601 of Regulations S-K:

Exhibit Number Description of Exhibit 99.1 Press release issued by The Hallwood Group Incorporated on November 14, 2008, announcing its results of operations for the third quarter and nine months ended September 30, 2008.

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THE HALLWOOD GROUP INCORPORATED