Abstract: A component feeder mechanism for feeding electronic components which are not taped together into a component lead forming machine. The feeder mechanism includes a frame having a guide track extending therethrough along which the component leads pass to enter the lead forming machine. A spacer disc is rotatably mounted on the frame and has notches at the peripheral edge thereof which move along the guide track and which serve to move the lead wires one at a time along the guide track to transfer the components from a feeder magazine to the forming machine. The components are spaced from one another a distance equal to the peripheral distance between the notches at the edge of the spacer disc. The spacer disc is driven by a transmission which serves to synchronize the rotation of the spacer disc with the forming machine.