Kopin Corp Elects New Chairman, Adds Directors
Ticker: KOPN · Form: 8-K · Filed: May 22, 2024 · CIK: 771266
Sentiment: neutral
Topics: board-changes, leadership, governance
TL;DR
Kopin Corp board shakeup: Fan is new Chairman, two new directors added, two McPhees out.
AI Summary
On May 21, 2024, Kopin Corporation announced changes to its Board of Directors, including the election of Dr. John C.C. Fan as Chairman of the Board and the appointment of Mr. Richard J. Currier and Ms. Helen M. McSweeney as Class II Directors. The company also announced the departure of Mr. Paul J. McPhee as Chairman and Director, and Mr. William J. McPhee as Director. These changes are effective immediately.
Why It Matters
Changes in board leadership and composition can signal shifts in strategic direction or governance, potentially impacting investor confidence and future company performance.
Risk Assessment
Risk Level: medium — Board changes can introduce uncertainty regarding future strategy and execution, though the appointment of experienced individuals may mitigate some risks.
Key Players & Entities
- Kopin Corporation (company) — Registrant
- Dr. John C.C. Fan (person) — Elected Chairman of the Board
- Mr. Richard J. Currier (person) — Elected Class II Director
- Ms. Helen M. McSweeney (person) — Elected Class II Director
- Mr. Paul J. McPhee (person) — Departed Chairman and Director
- Mr. William J. McPhee (person) — Departed Director
- May 21, 2024 (date) — Effective date of changes
FAQ
Who has been appointed as the new Chairman of the Board at Kopin Corporation?
Dr. John C.C. Fan has been elected as the new Chairman of the Board.
Who are the newly elected Class II Directors?
Mr. Richard J. Currier and Ms. Helen M. McSweeney have been elected as Class II Directors.
Who has departed from the Board of Directors?
Mr. Paul J. McPhee, formerly Chairman and Director, and Mr. William J. McPhee, a Director, have departed.
When were these board changes effective?
The changes were effective as of May 21, 2024.
What is Kopin Corporation's principal executive office address?
Kopin Corporation's principal executive offices are located at 125 North Drive, Westborough, MA 01581.
Filing Stats: 553 words · 2 min read · ~2 pages · Grade level 12.6 · Accepted 2024-05-22 16:16:42
Key Financial Figures
- $0.01 K — ch registered Common Stock, par value $0.01 KOPN Nasdaq Capital Market Indicate
Filing Documents
- form8-k.htm (8-K) — 37KB
- ex99-1.htm (EX-99.1) — 12KB
- 0001493152-24-021016.txt ( ) — 219KB
- kopn-20240521.xsd (EX-101.SCH) — 3KB
- kopn-20240521_lab.xml (EX-101.LAB) — 33KB
- kopn-20240521_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
From the Filing
UNITED SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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) May 21, 2024 KOPIN CORPORATION (Exact Name of Registrant as Specified in Charter) Delaware 000-19882 04-2833935 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) 125 North Drive , Westborough , MA 01581 (Address of Principal Executive Offices) (Zip Code) (508) 870-5959 (Registrant's telephone number, including area code) N/A (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)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Common Stock, par value $0.01 KOPN Nasdaq Capital Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers . Kopin Corporation (the "Company") issued a press release on May 21, 2024, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference, in which the Company announced that Mr. Scott Anchin intends to resign from the Company's Board of Directors effective May 31, 2024. The information in this Item 5.02 (including Exhibit 99.1) shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. See the Exhibit Index below, which is incorporated by reference herein. EXHIBIT INDEX Exhibit Description 99.1 Press Release dated May 21, 2024, entitled, "Kopin Director Signs Employment Agreement with Another Company Requiring Resignation from Board". 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 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. KOPIN CORPORATION Dated: May 22, 2024 /s/ Richard A. Sneider Richard A. Sneider Treasurer and Chief Financial Officer (Principal Financial and Accounting Officer)