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 6, 2003

                               LeCROY CORPORATION
             (Exact Name of Registrant as Specified in its Charter)

              0-26634                                    13-2507777
         (Commission File Number)                     (I.R.S. Employer
                                                     Identification No.)

       700 CHESTNUT RIDGE ROAD
      CHESTNUT RIDGE, NEW YORK                             10977
(Address of Principal Executive Office)                 (Zip Code)


        Registrant's Telephone Number, Including Area Code (845) 425-2000


<PAGE>


ITEM 5.  OTHER MATTERS.

     LeCroy Corporation announced on January 6, 2003 that Scott D. Kantor, 39,
has been named Vice President, Finance and Chief Financial Officer effective
February 1, 2003. Scott D. Kantor, who has served as the Company's Vice
President and Corporate Controller since 1999, succeeds Raymond F. Kunzmann, who
will remain as a consultant to the Company. A copy of the press release is
attached hereto as Exhibit 1.1 and is incorporated by reference in its entirety.




ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.

Exhibit No.                Description

    1.1           Press release dated January 6, 2003




                                            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.

                                                     LECROY CORPORATION


Date:  January 7, 2003

                                     /s/ Raymond F. Kunzmann
                                     ------------------------
                                     Vice President and Chief Financial Officer,
                                     Secretary and Treasurer


<PAGE>


FOR IMMEDIATE RELEASE                                                Exhibit 1.1

Contact:
Raymond Kunzmann
Chief Financial Officer
LeCroy Corporation
Tel:  845-425-2000

       LECROY CORPORATION NAMES SCOTT D. KANTOR AS CHIEF FINANCIAL OFFICER

             Company Anticipates Better-Than-Expected Second-Quarter
                    Operating Margin and Strong Order Growth

CHESTNUT RIDGE, NY, January 6, 2003 - LeCroy Corporation (Nasdaq: LCRY), a major
supplier of high-performance digital oscilloscopes, today announced that Scott
D. Kantor, 39, has been named vice president, finance and chief financial
officer effective February 1, 2003. Kantor, who has served as the Company's vice
president and corporate controller since 1999, succeeds Raymond F. Kunzmann, who
will remain as a consultant to the Company. Kantor is a CPA with 17 years of
experience in corporate accounting and financial management.

In advance of its January 8 presentation at the Fifth Annual Needham & Company
Growth Conference in New York, the Company also announced that it anticipates a
better-than-expected operating margin, revenues in line with its previous
guidance and strong order growth for the fiscal second quarter ended December
31, 2002. On October 16, 2002, LeCroy provided guidance of $26 million to $27
million in revenues and an operating loss of between $300,000 and $600,000 for
the fiscal second quarter. The Company is planning to report its second-quarter
fiscal 2003 financial results on January 16, 2003.

"I have known Scott as a stellar performer during his three years at LeCroy, and
I look forward to working with him as a senior member of our management team in
executing our growth strategy," said Tom Reslewic, LeCroy president and chief
executive officer. "During the next few weeks, Scott and Ray will be working
together to ensure a smooth transition as we begin our fiscal third quarter.
Thanks to Ray's tireless and significant contributions as CFO, we have both the
effective financial controls and strong balance sheet we need to realize our
vision for LeCroy. The entire LeCroy team extends its appreciation to Ray for
these contributions."

"My three years with LeCroy provided a great opportunity to accomplish the
professional goals I had set for myself as a chief financial officer," said
Kunzmann. "During this time, I developed a significant interest in the practice
of strong corporate governance standards. Considering the intense focus on
corporate governance and the strong demand for financial experts on public
company boards, I plan to leverage my expertise in this area into new
opportunities as a financial executive. I look forward to continuing to work on
special projects for LeCroy and providing counsel to the Company's senior
management from time-to-time."

"Since Scott joined LeCroy, he has demonstrated tremendous energy, keen
financial vision and expertise in developing and implementing financial
systems," continued Kunzmann. "Scott has been involved in the strategic planning
process with senior management and has proven himself to be an accomplished
executive in managing key operations in LeCroy's finance department. Having
worked closely with Scott for three years, I am confident that his skills,
experience and financial acumen make him an excellent choice to become CFO of
LeCroy."

                                     -more-



<PAGE>



LeCroy Names Kantor CFO/2

Among his responsibilities at LeCroy, Kantor was in charge of budgeting,
forecasting and financial analysis, managing the SEC reporting process,
developing LeCroy's financial systems strategy, and managing the implementation
of the Company's Baan ERP. Before joining LeCroy, he was with Sappi Fine Paper
N.A., where he served as assistant financial controller and led a business
process reengineering project that resulted in the redesign of the company's
financial processes. Kantor previously held accounting and financial reporting
positions at Genzyme Corporation and Costar Corporation, and was a senior
accountant with Deloitte & Touche. He received an MBA from Boston University and
a B.S. from California State University.

Safe Harbor

This release contains forward-looking statements pertaining to the Company's
financial guidance for the second-quarter of fiscal 2003, the Company's
long-term growth, expectations for Scott Kantor as the Company's new chief
financial officer, as well as other estimates relating to future operations. All
such forward-looking statements are only estimates of future results, and there
can be no assurance that actual results will not materially differ from
expectations. Actual performance and results of operations may differ materially
from those projected or suggested in the forward-looking statements due to
certain risks and uncertainties including, without limitation, volume and timing
of orders received, changes in the mix of products sold, competitive pricing
pressure, the Company's ability to anticipate changes in the market, the
availability and timing of funding for the Company's current products and the
development of future products. Further information on potential factors that
could affect LeCroy Corporation's business is described in the Company's reports
on file with the SEC.

About LeCroy Corporation

LeCroy Corporation, headquartered in Chestnut Ridge, New York, develops,
manufactures and markets electronic signal acquisition and analysis products and
services. The Company leverages its core competency of "WaveShape Analysis," the
analysis of complex electronic signals. Today, its primary products are
high-performance digital oscilloscopes, which are used by design engineers and
researchers in a broad range of industries, including electronics, computers and
communications.

                                      # # #
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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 6, 2003

                               LeCROY CORPORATION
             (Exact Name of Registrant as Specified in its Charter)

              0-26634                                    13-2507777
         (Commission File Number)                     (I.R.S. Employer
                                                     Identification No.)

       700 CHESTNUT RIDGE ROAD
      CHESTNUT RIDGE, NEW YORK                             10977
(Address of Principal Executive Office)                 (Zip Code)

        Registrant's Telephone Number, Including Area Code (845) 425-2000
ITEM 5.  OTHER MATTERS.

     LeCroy Corporation announced on January 6, 2003 that Scott D. Kantor, 39,
has been named Vice President, Finance and Chief Financial Officer effective
February 1, 2003. Scott D. Kantor, who has served as the Company's Vice
President and Corporate Controller since 1999, succeeds Raymond F. Kunzmann, who
will remain as a consultant to the Company. A copy of the press release is
attached hereto as Exhibit 1.1 and is incorporated by reference in its entirety.

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.

Exhibit No.                Description

    1.1           Press release dated January 6, 2003

                                            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.

                                                     LECROY CORPORATION

Date:  January 7, 2003

                                     /s/ Raymond F. Kunzmann
                                     ------------------------
                                     Vice President and Chief Financial Officer,
                                     Secretary and Treasurer
FOR IMMEDIATE RELEASE                                                Exhibit 1.1

Contact:
Raymond Kunzmann
Chief Financial Officer
LeCroy Corporation
Tel:  845-425-2000

       LECROY CORPORATION NAMES SCOTT D. KANTOR AS CHIEF FINANCIAL OFFICER

             Company Anticipates Better-Than-Expected Second-Quarter
                    Operating Margin and Strong Order Growth

CHESTNUT RIDGE, NY, January 6, 2003 - LeCroy Corporation (Nasdaq: LCRY), a major
supplier of high-performance digital oscilloscopes, today announced that Scott
D. Kantor, 39, has been named vice president, finance and chief financial
officer effective February 1, 2003. Kantor, who has served as the Company's vice
president and corporate controller since 1999, succeeds Raymond F. Kunzmann, who
will remain as a consultant to the Company. Kantor is a CPA with 17 years of
experience in corporate accounting and financial management.

In advance of its January 8 presentation at the Fifth Annual Needham & Company
Growth Conference in New York, the Company also announced that it anticipates a
better-than-expected operating margin, revenues in line with its previous
guidance and strong order growth for the fiscal second quarter ended December
31, 2002. On October 16, 2002, LeCroy provided guidance of $26 million to $27
million in revenues and an operating loss of between $300,000 and $600,000 for
the fiscal second quarter. The Company is planning to report its second-quarter
fiscal 2003 financial results on January 16, 2003.

"I have known Scott as a stellar performer during his three years at LeCroy, and
I look forward to working with him as a senior member of our management team in
executing our growth strategy," said Tom Reslewic, LeCroy president and chief
executive officer. "During the next few weeks, Scott and Ray will be working
together to ensure a smooth transition as we begin our fiscal third quarter.
Thanks to Ray's tireless and significant contributions as CFO, we have both the
effective financial controls and strong balance sheet we need to realize our
vision for LeCroy. The entire LeCroy team extends its appreciation to Ray for
these contributions."

"My three years with LeCroy provided a great opportunity to accomplish the
professional goals I had set for myself as a chief financial officer," said
Kunzmann. "During this time, I developed a significant interest in the practice
of strong corporate governance standards. Considering the intense focus on
corporate governance and the strong demand for financial experts on public
company boards, I plan to leverage my expertise in this area into new
opportunities as a financial executive. I look forward to continuing to work on
special projects for LeCroy and providing counsel to the Company's senior
management from time-to-time."

"Since Scott joined LeCroy, he has demonstrated tremendous energy, keen
financial vision and expertise in developing and implementing financial
systems," continued Kunzmann. "Scott has been involved in the strategic planning
process with senior management and has proven himself to be an accomplished
executive in managing key operations in LeCroy's finance department. Having
worked closely with Scott for three years, I am confident that his skills,
experience and financial acumen make him an excellent choice to become CFO of
LeCroy."

                                     -more-
LeCroy Names Kantor CFO/2

Among his responsibilities at LeCroy, Kantor was in charge of budgeting,
forecasting and financial analysis, managing the SEC reporting process,
developing LeCroy's financial systems strategy, and managing the implementation
of the Company's Baan ERP. Before joining LeCroy, he was with Sappi Fine Paper
N.A., where he served as assistant financial controller and led a business
process reengineering project that resulted in the redesign of the company's
financial processes. Kantor previously held accounting and financial reporting
positions at Genzyme Corporation and Costar Corporation, and was a senior
accountant with Deloitte & Touche. He received an MBA from Boston University and
a B.S. from California State University.

Safe Harbor

This release contains forward-looking statements pertaining to the Company's
financial guidance for the second-quarter of fiscal 2003, the Company's
long-term growth, expectations for Scott Kantor as the Company's new chief
financial officer, as well as other estimates relating to future operations. All
such forward-looking statements are only estimates of future results, and there
can be no assurance that actual results will not materially differ from
expectations. Actual performance and results of operations may differ materially
from those projected or suggested in the forward-looking statements due to
certain risks and uncertainties including, without limitation, volume and timing
of orders received, changes in the mix of products sold, competitive pricing
pressure, the Company's ability to anticipate changes in the market, the
availability and timing of funding for the Company's current products and the
development of future products. Further information on potential factors that
could affect LeCroy Corporation's business is described in the Company's reports
on file with the SEC.

About LeCroy Corporation

LeCroy Corporation, headquartered in Chestnut Ridge, New York, develops,
manufactures and markets electronic signal acquisition and analysis products and
services. The Company leverages its core competency of "WaveShape Analysis," the
analysis of complex electronic signals. Today, its primary products are
high-performance digital oscilloscopes, which are used by design engineers and
researchers in a broad range of industries, including electronics, computers and
communications.

                                      # # #