Item 8.01. Other Events

On September 9, 2009, P & F Industries, Inc. (the "Company") issued a press release (the "Press Release") announcing that its Board of Directors had extended the time during which the Company may purchase shares under its share repurchase program to September 30, 2010. The timing and amount of share repurchases, if any, will depend on business and market conditions, as well as legal and regulatory considerations, among other things. The Company can give no assurances as to when or whether it will repurchase any shares. The Press Release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits:

99.1 Press Release, dated September 9, 2009, issued by P & F Industries, Inc.

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