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 13, 2006
CYMER, INC.
(Exact name of registrant as specified in its charter)
NEVADA | | 0-21321 | | 33-0175463 |
(State or jurisdiction of
incorporation) | | (Commission File Number) | | (I.R.S. Employer
Identification No.) |
17075 THORNMINT COURT
SAN DIEGO, CALIFORNIA 92127
(Address of principal executive offices)
(858) 385-7300
(Registrants telephone number, including area code)
N/A
(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):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o 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.
(a) On January 13, 2006, our Board of Directors approved certain changes to non-employee director compensation. Effective January 1, 2006, the executive session chairman will receive an annual retainer of $8,000, payable quarterly, and on January 15th of each fiscal year beginning with 2006 each non-employee director then serving will be granted a stock unit award pursuant to our 2005 Equity Incentive Plan. The number of shares subject to each stock unit award will be determined by dividing $100,000 by the closing per share sales price of our common stock as reported by the Nasdaq National Market System as of the date of grant and will vest 100% after one year from the date of grant. Effective January 1, 2006, we have terminated the practice of granting quarterly stock options to non-employee directors.
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 hereunto duly authorized.
| CYMER, INC. |
| |
| By: | /s/ Nancy J. Baker | |
Date: January 20, 2006 | | Nancy J. Baker |
| | Senior Vice President and Chief
Financial Officer |
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