John P. Jordan, Zygo Corp.’s newly hired chief financial officer, has a three-year deal with the Middlefield technology maker that pays him a $260,000 base salary, plus a bonus up to $130,000 his first year, a regulatory filing shows.
Jordan, 65, most recently was CFO and treasurer for Baldwin Technology Corp., the Shelton maker of printing presses, began work as Zygo vice president on Feb. 17. Unless renewed, his contract expires that same date in 2014, according to the 8-K filing with the U.S. Securities and Exchange Commission.
Because he was hired part way into Zygo’s fiscal year, Jordan’s 2011 bonus, if any, will be prorated, the filing said.
 His contract also entitles Jordan to an initial equity award consisting of options to purchase 50,000 shares of Zygo common stock at an exercise price of $16.20 per share
At midday Wednesday, Zygo was down 26 cents to $14.25.
If he’s fired without cause before his contract or extensions expire, Jordan can collect his salary in effect at the time for up to 12 months, the filing said.
Zygo develops and sells optical metrology equipment like interferometers, also used in the production of microchips and biomedical devices, and in scientific and industrial markets.
