Item 5.02 Departure of Directors or Certain Officers; Election of Directors;


           Appointment of Certain Officers; Compensatory Arrangements of Certain
           Officers.

Effective December 30, 2020, P & F Industries, Inc. (the "Company") and Joseph A. Molino, Jr., the Company's Vice President, Chief Operating Officer and Chief Financial Officer, entered into Amendment No. 2 ("Amendment No. 2") to Executive Employment Agreement, dated as of January 1, 2018, as amended (the "Employment Agreement").

Amendment No. 2 amends the expiration date of the Employment Agreement from December 31, 2020 to December 31, 2023.

The foregoing description of Amendment No. 2 does not purport to be complete and is qualified in its entirety by reference to the full text of Amendment No. 2 filed as Exhibit 10.1 to this Current Report on Form 8-K which is incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits.






 (d) Exhibits:




   10.1     Amendment No. 2 to Executive Employment Agreement, dated as of
          December 30, 2020, between the Company and Joseph A. Molino, Jr.

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