-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IGCSyBMoQXF8LmuSSNayxWEN4vXXeaXk8zHnjPrNUyxOS0/tErG00/oZ4ujHtAE0 qZPJyhNODtCylWA4+vTwiQ== 0000930413-07-005356.txt : 20070620 0000930413-07-005356.hdr.sgml : 20070620 20070620141341 ACCESSION NUMBER: 0000930413-07-005356 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070615 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20070620 DATE AS OF CHANGE: 20070620 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ZYGO CORP CENTRAL INDEX KEY: 0000730716 STANDARD INDUSTRIAL CLASSIFICATION: OPTICAL INSTRUMENTS & LENSES [3827] IRS NUMBER: 060864500 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-12944 FILM NUMBER: 07930963 BUSINESS ADDRESS: STREET 1: LAUREL BROOK RD CITY: MIDDLEFIELD STATE: CT ZIP: 06455 BUSINESS PHONE: 8603478506 MAIL ADDRESS: STREET 1: LAUREL BROOK ROAD CITY: MIDDLEFIELD STATE: CT ZIP: 06455 8-K 1 c49075_8k.htm k.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

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)            June 15, 2007           

ZYGO CORPORATION
(Exact Name of Registrant as Specified in its Charter)

 

Delaware
  0-12944   06-0864500
(State or Other Jurisdiction
(Commission
(IRS Employer
of Incorporation)
File Number)
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 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF
DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY
ARRANGEMENTS OF CERTAIN OFFICERS.

On June 15, 2007, Zygo Corporation (the “Company”) entered into a new Employment Agreement (the “Agreement”) with Mr. Walter A. Shephard, its Vice President, Finance, and Chief Financial Officer. The Agreement provides for (i) an annual salary of no less than $244,200 and (ii) Mr. Shephard’s participation in the Company’s Management Incentive Plan, which provides a target bonus opportunity of up to 50% of base salary, subject to the achievement of certain individual and company based performance goals. Mr. Shephard will also receive a monthly automobile allowance of $900 per month. The Agreement further provides that if, following a “Change in Control” (as defined in the Agreement), Mr. Shephard resigns or is terminated for other than “justifiable cause” (as defined in the Agreement), the Company will pay for one year’s base salary, pro-rated bonus, and certain health and dental benefits providing that certain conditions are met. If Mr. Shephard’s employment is terminated for any reason other than justifiable cause, disability or death, the Company will pay for one year’s base salary. The Agreement also includes a non-compete covenant, which continues for a period of one year following termination of employment. The Agreement has an initial term of one year, which is automatically renewable for additional one-year periods unless terminated prior in accordance with its terms or not renewed by either party.


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: June 19, 2007     By: /s/ J. Bruce Robinson
        Name: J. Bruce Robinson
        Title: Chairman, President and
        Chief Executive Officer


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