UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

~~WASHINGTON~~Washington, D.C. 20549

______________________

FORM 8-K

~~Current~~ CURRENT ~~Report~~REPORT

~~Pursuant~~PURSUANT ToTO ~~Section~~SECTION 13 orOR 15(d) ofOF ~~the~~THE SECURITIES EXCHANGE ACT OF 1934

~~Securities~~Date ~~Exchange~~of Report ~~Act~~(Date of ~~1934~~earliest event reported):

~~______________________~~June 8, 2007

~~Date~~Commission ofFile ~~Report~~Number ~~(Date of earliest event reported): November 13, 2006~~333-43089

~~THE~~The GSI ~~GROUP~~Group, ~~INC~~Inc.

(Exact ~~Name~~name of ~~Registrant~~registrant as ~~Specified~~specified in ~~Its~~its ~~Charter~~charter)

Delaware


Delaware	37-0856587
(State or other jurisdiction	(I.R.S. Employer
of incorporation or organization)	Identification No.)

1004 E. Illinois Street, Assumption, Illinois	62510
(Address of principal executive offices)	(Zip Code)

(217) 226- 4421
(Registrant’s telephone number)

~~(State~~Check orthe ~~Other~~appropriate ~~Jurisdiction~~box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of ~~Incorporation)~~the registrant under any of the following provisions:

~~333-43089~~ (~~Commission~~ ) Written ~~File~~communications ~~Number)~~pursuant ~~37-0856587~~to ~~(I.R.S.~~Rule ~~Employer~~425 ~~Identification~~under Nothe Securities Act (17 CFR 230.425)

( ~~1004~~) ~~E. Illinois~~Soliciting ~~Street,~~material ~~Assumption,~~pursuant ~~Illinois~~ to Rule 14a-12 under the Exchange Act (17 CFR ~~62510~~ 240.14a-12)

(~~Address~~ ) ofPre-commencement ~~Principal~~communications ~~Executive~~pursuant ~~Offices~~to Rule 14d-2(b) under the Exchange Act (~~Zip~~17 ~~Code~~CFR 240.14d-2(b))

~~Registrant’s~~( ) ~~Telephone~~Pre-commencement ~~Number,~~communications ~~Including~~pursuant ~~Area~~to ~~Code:~~Rule 13e-4(~~217~~c) ~~226-4421~~under the Exchange Act (17 CFR 240.13e.4(c))

~~Check~~ITEM ~~the appropriate~~1.01 ~~box~~ENTRY ~~below~~INTO ifA ~~the~~MATERIAL ~~Form~~DEFINITIVE ~~8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:~~AGREEMENT

/On /June ~~Written~~8, ~~communications~~2007, ~~pursuant~~The GSI Group, Inc. modified the long-term building lease contract with Agracel, Inc. The original agreement was signed March 1, 2007 and the addendum to ~~Rule~~the ~~425~~original ~~under~~modified the ~~Securities~~agreement ~~Act~~to ~~(17~~a ~~CFR~~level which the Company ~~230~~now believes constitutes a Material Definitive Agreement required to be reported.~~425)~~

/The /lease ~~Soliciting~~is ~~material~~for ~~pursuant~~a term of ten (10) years to ~~Rule~~be ~~14a-12~~paid ~~under~~monthly during the ~~Exchange~~term, ~~Act~~with ~~(17~~a contract ~~CFR~~total of $7,166,593 for buildings and property located in Taylorville, ~~240~~IL.~~14a-12)~~ The modified agreement shall begin upon the “Commencement Date” as defined in the Addendum, which is set to begin upon completion of the agreed upon building improvements, of approximately $3.6 million dollars, as outlined in the modified agreement.

/ / Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Exhibit No.	Description

10.1	Lease – Agracel, Inc, Taylorville, IL.
10.2	First Addendum to Lease-Agracel, Inc, Taylorville, IL.

/ / Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 5.02(b) and (c) DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF OFFICERS; APPOINTMENT OF PRINCIPAL OFFICERS.

Richard Christman, Chief Executive Officer and a director of the Registrant, has submitted a letter of resignation from those positions which will be effective November 10, 2006. William J. Branch, Chairman of the Registrant, will assume the additional duties of Chief Executive Officer. Other information with respect to Mr. Branch may be found in a Form 8-K filed with the Commission on May 20, 2005 and in the most recent Form 10-K filed on April 14, 2006.

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.

THE GSI GROUP, INC. (Registrant) Date: June 13, 2007 By: /s/ John Henderson Name: John Henderson Title: Chief Financial Officer

(Registrant)

Date: November 13, 2006 By: /s/ John Henderson

Name: John Henderson

Title: Chief Financial Officer

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