Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
NANO > SEC Filings for NANO > Form 8-K on 23-Jun-2009All Recent SEC Filings

Show all filings for NANOMETRICS INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for NANOMETRICS INC


23-Jun-2009

Entry into a Material Definitive Agreement, Financial Statements and Exhibits


Item 1.01 - Entry into a Material Definitive Agreement.

On June 17, 2009, Nanometrics Incorporated (the "Company") issued a press release announcing its entry into a strategic business partnership with Zygo Corporation ("Zygo"), pursuant to which the Company purchased from Zygo certain assets under an Asset Transfer Agreement and entered into a Supply Agreement with Zygo. A copy of the press release is attached as Exhibit 99.1 to this current report on Form 8-K and is incorporated herein by reference.

Pursuant to the Asset Transfer Agreement, the Company purchased from Zygo certain inventory and equipment. The purchase price is payable to Zygo in periodic installments, which installments are calculated based upon sales by the Company of products that incorporate the purchased inventory and equipment; provided, that the Company is required to pay the total purchase price due to Zygo under the Asset Transfer Agreement on or before July 1, 2010. Zygo's right to payment of the purchase price will be secured by a first priority lien on the purchased assets.

As a condition to the closing of the Asset Transfer Agreement the Company entered into the Supply Agreement, among other things. Pursuant to the Supply Agreement, Zygo will sell to the Company "heads" for use in certain systems, which the Company will have the exclusive right to sell in certain markets. In exchange, the Company will pay to Zygo a technology transfer fee in connection with the sale of certain systems.



Item 9.01 - Financial Statements and Exhibits.

Exhibit No.    Description
   99.1        Press release issued by Nanometrics Incorporated dated June 17, 2009.


--------------------------------------------------------------------------------
                                   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.

Dated: June 23, 2009 NANOMETRICS INCORPORATED

/s/ James P. Moniz
James P. Moniz
Chief Financial Officer


  Add NANO to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for NANO - All Recent SEC Filings
Sign Up for a Free Trial to the NEW EDGAR Online Pro
Detailed SEC, Financial, Ownership and Offering Data on over 12,000 U.S. Public Companies.
Actionable and easy-to-use with searching, alerting, downloading and more.
Request a Trial      Sign Up Now


Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.