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) August 23, 2006
ZYGO CORPORATION
(Exact Name of Registrant as Specified in its Charter)
Delaware | | 0-12944 | | 06-0964500 |
(State or Other Jurisdiction of Incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
| | | | |
| Laurel Brook Road, Middlefield, CT | | | 06455-0448 |
| (Address of Principal Executive Offices) | | | (Zip Code) |
| Registrant’s telephone number, including area code: | (860) 347-8506 |
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 (see General Instruction A.2 below):
£ 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 1.01 Entry into a Material Definitive Agreement.
On August 23, 2006, the Compensation Committee (the “Committee”) of the Board of Directors of Zygo Corporation (the “Company”) awarded, pursuant to the Company’s 2002 Equity Incentive Plan, each of the executive officers listed below: (i) an option to purchase the number of shares of the Company’s common stock, par value $.10 the (“Common Stock”) specified below at an exercise price of $12.83 per share (the “Options”) and (ii) the number of restricted shares of Common Stock (the “Restricted Stock”) specified below. In general, the Options will vest and become exercisable in quarterly increments over a four year period and the Restricted Stock will vest with respect to one-half of the shares on each of August 23, 2009 and August 23, 2010, provided that the recipient remains continuously employed by the Company through each applicable vesting date.
Name | Shares of Restricted Stock | Shares subject to Stock Options |
| | | |
William H. Bacon | 3,800 | 6,000 |
Doug Eccleston | 5,500 | 8,000 |
Brian Monti | 7,000 | 12,000 |
David Person | 4,000 | 7,000 |
J. Bruce Robinson | 16,000 | 40,000 |
Walter Shephard | 9,000 | 15,000 |
Robert Stoner | 5,000 | 12,000 |
Carl Zanoni | 5,000 | 10,000 |
In addition, the Committee awarded an aggregate of 98,050 shares of Restricted Stock pursuant to the Plan to 115 non-executive officer employees of the Company.
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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.
| | ZYGO CORPORATION | |
| | | | |
| Date: August 25, 2006 | By: | /s/ J. Bruce Robinson | |
| | Name: J. Bruce Robinson
Title: Chairman, President and Chief Executive Officer |
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