8-K

                       SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 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): September 30, 2002
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                            Valpey-Fisher Corporation

               (Exact Name of Registrant as Specified in Charter)


       Maryland                          1-4184                06-0737363
- ----------------------------         ---------------      ----------------------
(State or other jurisdiction         Commission File         (IRS Employer
  of incorporation)                      Number           Identification Number)


75 South Street, Hopkinton, MA                                     01748
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    (Address of principal                                        (Zip Code)
      executive offices)

Registrant's telephone number, including area code: (508) 435-6831
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Item 5.   Other Events and Regulation FD Disclosure.
          -----------------------------------------

     On September 30, 2002, the Company issued a news release naming Michael
Ferrantino its new President and CEO.

     A copy of the news release, which is incorporated by reference herein and
made part hereof, is filed with this Current Report on Form 8-K as Exhibit 99.


Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.

  (c)       Exhibits

            Exhibit No.     Description
            ----------      ------------

               99           News Release of the Company dated September 30, 2002



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                                    Signature
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     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.


                                                   Valpey-Fisher Corporation


Date:  September 30, 2002                          By:  /s/ Michael J. Kroll

                                                  Michael J. Kroll
                                                  Vice President, Treasurer and
                                                  Chief Financial Officer







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EX-99

                                                                    Exhibit 99


              Valpey-Fisher Corporation Names New President and CEO

    HOPKINTON, Mass.--(BUSINESS WIRE)--Sept. 30, 2002--Ted Valpey,
Jr., Chairman of Valpey-Fisher Corporation (AMEX: VPF), has announced
effective today that Michael J. Ferrantino, 59, has joined
Valpey-Fisher Corporation as President and Chief Executive Officer.
According to Mr. Valpey, Jr., Mr. Ferrantino will be nominated and
named a Director at the next regular Board of Directors meeting in
late October.
    Since January 2002, Mr. Ferrantino has served as President of the Micro
Networks Division of Integrated Circuit Systems, Inc. Prior to the sale of Micro
Networks Corporation in January 2002, Mr. Ferrantino had served as President,
CEO and Chairman of the Company since 1998. Micro Networks is a leading supplier
of precision timing devices for optical network, wireless infrastructure and
high-end network servers using surface acoustic wave and RF technologies.
    Prior to joining Micro Networks, Mr. Ferrantino served from April 1994 to
October 1998 as an Executive Vice President and Chief Operating Officer of CP
Clare, a supplier of semiconductor-based relays. He was also the President of
Trontech from February 1993 to March 1994, a Senior Vice President of Unitrode
Corp. from December 1989 to June 1993, and a Group Executive of MA/COM from
April 1964 to November 1989. Mr. Ferrantino holds a Bachelor of Science in
Industrial Technology from Northeastern University.
    Valpey-Fisher specializes in providing crystal and oscillator-timing devices
to a variety of markets including computer, networking, telecommunications,
wireless, military and medical and also produces a variety of ultrasonic
transducers for the scientific, industrial and medical markets.


    CONTACT: Valpey-Fisher Corporation
             Ted Valpey, Jr., 508/435-6831 ext. 602