Nanometrics 8-K 2005
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
September 14, 2005
Date of Report (Date of earliest event reported)
(Exact name of Registrant as specified in its charter)
(Registrants telephone number, including area code)
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:
TABLE OF CONTENTS
Item 1.01. Entry into a Material Definitive Agreement
On September 14, 2005, Nanometrics Incorporated, a California corporation (the Company), entered into an Asset Purchase and License Agreement (the Purchase Agreement) with Toho Technology Corporation, a corporation organized under the laws of Japan (Toho). Pursuant to the terms of the Purchase Agreement, Toho agreed to purchase the Companys flat panel display business (the FPD Business) including certain tangible assets, intellectual property and personnel obligations related to the manufacturing, support and sales of flat panel display manufacturing measuring equipment, for a cash payment of $1.5 million, plus certain royalty obligations. The Purchase Agreement contains customary representations, warranties and covenants of the parties, including a time-based covenant by the Company not to compete with respect to the FPD Business, and indemnification covenants by the parties.
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.