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): OCTOBER 29, 1996

                              THE LEHIGH GROUP INC.
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             (Exact name of registrant as specified in its charter)

                Delaware                                   13-1920670
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      (State or other jurisdiction                      (I.R.S. Employer
    of incorporation or organization)                  Identification No.)

                                      1-155
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                            (Commission File Number)

     810 Seventh Avenue                                         10019
     New York, New York                                ----------------------
     ----------------------------------
                                                             (Zip Code)
     (Address of principal
      executive offices)

Registrant's telephone number, including area code: (212) 333-2620

                                                         Exhibit Index on Page 5


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         ITEM 5.  OTHER EVENTS

                  1. The  Company and First  Medical  Corporation  ("FMC")  have
entered into an Agreement  and Plan of Merger dated  October 29, 1996  providing
for the merger of FMC with a  subsidiary  of the  Company.  The  Company and DHB
Capital Group Inc. ("DHB") have terminated the proposed merger between DHB and a
subsidiary of the Company.

                  2. The  Company  has been  named as a  defendant  in a lawsuit
brought in the Supreme Court, State of New York, entitled SOUTHWICKE CORPORATION
V. THE  LEHIGH  GROUP,  INC.  [ET.  AL,],  Index  No. 96  604932,  a copy of the
Complaint in which is annexed as an exhibit hereto.

         ITEM 7.  FINANCIAL  STATEMENTS,  PRO FORMA  FINANCIAL  INFORMATION  AND
                  EXHIBITS.

         (c)      Exhibits -

                  99.1     Complaint  in  SOUTHWICKE  CORPORATION  V. THE LEHIGH
                           GROUP,  INC. [ET. AL.],  Supreme Court,  State of New
                           York, Index No. 96 604932.

                  99.2     Letter dated  October 11, 1996 from DHB Capital Group
                           Inc. to the Company  terminating  the  Agreement  and
                           Plan of Reorganization between the two companies.

                  99.3     Press release dated October 11, 1996  announcing  the
                           termination  of the Company's  merger  agreement with
                           DHB Capital Group Inc.

                  99.4     Letter dated October 24, 1996 from Salvatore Zizza to
                           DHB  Capital  Group  Inc.   ("DHB")   confirming  the
                           termination  of  the  option  to  purchase  6,000,000
                           shares of the  Company's  common stock granted by Mr.
                           Zizza to DHB by letter dated July 8, 1996.

                  99.5     Agreement  and Plan of Merger dated  October 29, 1996
                           between the Company,  First Medical Corporation and a
                           subsidiary of the Company.

                  99.6     Debenture  dated October 29, 1996 from the Company to
                           First Medical  Corporation in the principal amount of
                           $300,000.

                  99.7     Letter dated October 29, 1996 from Salvatore J. Zizza
                           to First Medical  Corporation ("FMC") granting to FMC
                           an option to purchase  6,000,000 shares of the Common
                           Stock of the Company.


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                  99.8     Promissory  Note dated  October  29,  1996 from First
                           Medical  Corporation  to  Salvatore  J.  Zizza in the
                           principal amount of $100,000.

                  99.9     Press release dated October 29, 1996  announcing that
                           the Company and First Medical Corporation  executed a
                           definitive merger agreement.


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                                    SIGNATURE


         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 thereunto duly authorized.


                                   THE LEHIGH GROUP INC.
                                   (Registrant)


Dated: November 7, 1996            By: /S/ROBERT A. BRUNO
                                       ---------------------------
                                       Name:  Robert A. Bruno
                                       Title: Vice President and
                                              General Counsel


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                                  EXHIBIT INDEX


EXHIBIT NO.                DESCRIPTION
- -----------                -----------

         99.1              Complaint in SOUTHWICKE CORPORATION V. THE LEHIGH
                           GROUP, INC. [ET. AL.], Supreme Court, State of New
                           York, Index No. 96 604932.

         99.2              Letter dated October 11, 1996 from DHB Capital Group
                           Inc. to the Company terminating the Agreement and
                           Plan of Reorganization between the two companies.

         99.3              Press release dated October 11, 1996 announcing the
                           termination of the Company's merger agreement with
                           DHB Capital Group Inc.

         99.4              Letter dated October 24, 1996 from Salvatore Zizza
                           to DHB Capital Group Inc. ("DHB") confirming the
                           termination of the option to purchase 6,000,000
                           shares of the Company's common stock granted by Mr.
                           Zizza to DHB by letter dated July 8, 1996.

         99.5              Agreement and Plan of Merger dated October 29, 1996
                           between the Company, First Medical Corporation and a
                           subsidiary of the Company.

         99.6              Debenture dated October 29, 1996 from the Company to
                           First Medical Corporation in the principal amount of
                           $300,000.

         99.7              Letter dated October 29, 1996 from Salvatore J.
                           Zizza to First Medical Corporation ("FMC") granting
                           to FMC an option to purchase 6,000,000 shares of the
                           Common Stock of the Company.

         99.8              Promissory Note dated October 29, 1996 from First
                           Medical Corporation to Salvatore J. Zizza in the
                           principal amount of $100,000.

         99.9              Press release dated October 29, 1996 announcing that
                           the Company and First Medical Corporation executed a
                           definitive merger agreement.


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