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 25, 2004
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ZYGO CORPORATION
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(Exact Name of Registrant as Specified in its Charter)
Delaware 0-12944 06-0964500
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation File Number) Identification No.)
Laurel Brook Road, Middlefield, CT 06455-0448
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (860) 347-8506
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Not Applicable
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(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:
[ ] Written communications pursuant to Rule 425 under the Securities Act
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act
ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
On August 25, 2004, Zygo Corporation announced its financial results for the
fourth quarter and twelve months ended June 30, 2004. The full text of the press
release issued in connection with the announcement is attached as Exhibit 99.1
to this Current Report on Form 8-K.
ITEM 2.05. COSTS ASSOCIATED WITH EXIT OR DISPOSAL ACTIVITIES and
ITEM 2.06. MATERIAL IMPAIRMENTS
On August 25, 2004, Zygo Corporation announced that it had entered into an
agreement to sell its vacant Westborough, Massachusetts, facility for
approximately $2.0 million, net of selling expenses. The Company had taken an
impairment charge of $4.9 million, net of tax, in the fourth fiscal quarter
ended June 30, 2004 to reflect the change in fair market value of the property
and is now being carried on the books of the Company at approximately $2.0
million. The sale, which is expected to be completed in the fall of 2004, will
mark the completion of our exit from the telecommunications segment of our
business. The full text of the press release issued in connection with the
announcement is attached as Exhibit 99.2 to this Current Report on Form 8-K.
ITEM 9.01. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) EXHIBITS.
Exhibit Number Description of Document
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99.1 Zygo Corporation Earnings Press Release, dated
August 25, 2004.
99.2 Press release, dated August 25, 2004, announcing
that Zygo Corporation entered into an agreement
to sell its Westborough, Massachusetts, facility
and announcing a charge to earnings in the fourth
quarter of fiscal 2004 related to the change in
fair market value of the property.
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, 2004 By: /s/ J. Bruce Robinson
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Name: J. Bruce Robinson
Title: Chairman, President and
Chief Executive Officer
EXHIBIT INDEX
99.1 Press Release, dated August 25, 2004, issued by Zygo Corporation
announcing its financial results for the fourth quarter and twelve
months ended June 30, 2004.
99.2 Press Release, dated August 25, 2004, announcing that Zygo Corporation
entered into an agreement to sell its Westborough, Massachusetts,
facility and announcing a charge to earnings in the fourth quarter of
fiscal 2004 related to the change in fair market value of the property.