8-K

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 Exchange Act of 1934

Date of Report (Date of earliest event reported): January 7, 2008

StockerYale, Inc.

(Exact name of registrant as specified in its charter)

Massachusetts	000-27372	04-2114473
(State or other jurisdiction of incorporation)	(Commission File No.)	(IRS Employer Identification No.)

32 Hampshire Road Salem, New Hampshire	03079
(Address of principal executive offices)	(Zip Code)

(603) 893-8778

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

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:

¨ 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 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 7, 2008, Timothy P. Losik was appointed the Chief Operating Officer and Chief Financial Officer of the Company, replacing Marianne Molleur, which appointment will be effective January 14, 2008. In connection with Mr. Losik’s appointment as Chief Operating Officer and Chief Financial Officer, the Company set Mr. Losik’s annual base salary at $200,000 and agreed to grant to Mr. Losik 150,000 shares of the Company’s common stock under the Company’s 2007 Stock Incentive Plan. The shares issued to Mr. Losik will be restricted and will vest at the rate of 25% on each anniversary of the date of grant until fully vested on the fourth anniversary of the date of grant.

From January 2007 to October 2007, Mr. Losik served as the Chief Financial Officer of Bluesocket, Inc. From April 2006 to July 2006, Mr. Losik served as the Vice President of Operations of Globalware Solutions, Inc. and from November 2004 to April 2006 he served as the Chief Financial Officer of Globalware Solutions, Inc. From September 2003 to April 2004, Mr. Losik served as an advisor to Omtool, LTD. for strategic initiatives. From November 2002 to September 2003, Mr. Losik served as the Chief Operating Officer and Chief Financial Officer of Omtool, LTD.

There are no family relationships between Mr. Losik and any director or other executive officer of the Company.

On January 7, 2008, in connection with Mr. Losik’s appointment, as described above, Marianne Molleur, the Company’s current Chief Financial Officer, was appointed the Vice President of Human Resources, which appointment will be effective on January 14, 2008. In connection with Ms. Molleur’s appointment as Vice President of Human Resources, her annual base salary will be appropriately adjusted.

Item 9.01 Financial Statements and Exhibits.

(d) The exhibit listed in the Exhibit Index below is filed with this report.

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.

	StockerYale, Inc.
Date: January 11, 2008
	By:	/s/ Marianne Molleur
		Marianne Molleur
		Senior Vice President and Chief Financial Officer

EXHIBIT INDEX

Exhibit No.	Description
10.1	Offer Letter, dated as of December 18, 2007 and effective as of January 7, 2008, by and between the Registrant and Timothy P. Losik.

EX-10.1

Exhibit 10.1

December 18, 2007

PERSONAL AND CONFIDENTIAL

Timothy P. Losik

525 South Road

Rye, NH 03870

Subject:       Permanent Job Offer

Dear Tim:

StockerYale, Inc, is pleased to offer you a full time, permanent position as Chief Operating/Financial Officer reporting to Mark Blodgett, CEO, starting as soon as possible on or after January 14, 2008. The details of this offer are the following:

• Your salary and benefits will be in conformity with the programs and policies in effect or those that StockerYale, Inc., Salem, New Hampshire can modify and institute at one time or another or which may be required by the applicable laws. A benefits summary is enclosed.

Base Salary Your annual salary is $200,000 to be paid on a weekly basis. From this amount will be subtracted the deductions required by the law and those necessary to compensate the benefits which will be provided to you. Your salary will be directly deposited into your account, by bank transfer, every week.

Compensation Review Restricted Stock Grants

After six months on or about June 30, 2008 you will be eligible for a compensation review. You will be eligible for an initial grant of 150,000 shares vesting over four years and for additional performance-based annual grants from the board of directors’ compensation committee (Eligible June 30, 2008). We expect that those additional grants would be in line with this initial grant based on our performance expectations.

Vacation

You have the right to four (4) weeks of vacation per year effective immediately.

Insurance Plans and Benefits Executive Life Insurance On February 1, 2008, you will be eligible for the company’s collective insurance plans, including health, disability and life. On appointment, you will be eligible for an executive life insurance policy of 2 x’s your salary.

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We ask you to sign two documents entitled “Code of Business Conduct and Ethics” and “Non-Competition, Non-solicitation and Confidentiality Agreement” on your start date.

We are very pleased to offer you this position. Mark, Ray, Ben, Phil and I are all looking forward to working with you. If you have any questions, please call me at any time.

		Accepted on: 1/7/08
By:	/s/ Marianne Moffeur	Signature:	/s/ Timothy P. Losik
	Marianne Moffeur		Timothy P. Losik
	Senior Vice President and Chief Financial Officer

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