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 AND EXCHANGE ACT OF 1934

       Date of Report (Date of earliest event reported):  February 27, 2006


                         TECHNOLOGY RESEARCH CORPORATION
             (Exact name of registrant as specified in its charter)

                                     Florida
                  (State or other jurisdiction of incorporation)

                        Commission File Number:  0-13763

               I.R.S. Employer Identification Number:  59-2095002

                             5250-140th Avenue North
                           Clearwater, Florida  33760
                                 (727) 535-0572
          (Address of principal executive offices and telephone number)

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):

[ ]  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 14d-2(b) under the
     Exchange  Act  (17  CFR  240.13e-4(c))



ITEM  1.01     ENTRY  INTO  A  MATERIAL  DEFINITIVE  AGREEMENT.

     At  its  February  21,  2006  meeting, the Board of Directors of Technology
Research  Corporation,  upon  recommendation  of  the  Compensation  Committee,
approved  a  one  time  grant of 2,000 shares of Technology Research Corporation
common  stock to Mr. Wiggins, and each of the outside directors, Messrs. Murphy,
Chastelet,  Poad  and  Walker.  This  award was in recognition of their business
leadership  and  direction in restoring financial stability and profitability to
the  Company.

     Also  at  the  February  21st  meeting,  the Board of Directors approved an
increase  in fees that are paid to outside directors in order to be commensurate
with  the time and effort expended by each outside director. The annual retainer
was  increased  from  $15,000 to $20,000, board meeting fees were increased from
$1,000  to  $2,000,  committee meeting fees (including telephonic meetings) were
increased  from  $500  to $750. The audit committee chairman's fee was increased
from  $5,000  to  $7,500, and the annual fee paid to each of the other committee
chairs  was  increased  to  $2,500.



                                   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.


                                   TECHNOLOGY  RESEARCH CORPORATION


Date:   February  27,  2006   By:  /s/Robert  S.  Wiggins
                                   ---------------------------------------------
                                   Robert  S.  Wiggins,  Chairman  of the Board,
                                   Chief  Executive  Officer
                                   (Principal  Executive  Officer)



                              By:  /s/  Barry  H.  Black
                                   ---------------------------------------------
                                   Barry  H.  Black,  Chief  Financial  Officer
                                   (Principal  Financial and Accounting Officer)