Kopin Corp Appoints New Director
Ticker: KOPN · Form: 8-K · Filed: Jun 6, 2024 · CIK: 771266
Sentiment: neutral
Topics: board-appointment, governance
TL;DR
KOPIN just added a new board member, John F. Ryan III, effective May 31st. Board changes can be a big deal.
AI Summary
Kopin Corporation announced on May 31, 2024, a change in its board of directors. Specifically, Mr. John F. Ryan III has been appointed as a new director, effective immediately. This appointment is part of the company's ongoing efforts to strengthen its governance and strategic direction.
Why It Matters
The addition of a new director can signal a shift in strategic focus or governance, potentially impacting the company's future performance and shareholder value.
Risk Assessment
Risk Level: low — The filing reports a routine board appointment, which typically carries low risk.
Key Players & Entities
- Kopin Corporation (company) — Registrant
- John F. Ryan III (person) — Appointed Director
- May 31, 2024 (date) — Effective date of appointment
FAQ
Who is the newly appointed director?
The newly appointed director is Mr. John F. Ryan III.
When was the appointment effective?
The appointment was effective as of May 31, 2024.
What is Kopin Corporation's principal executive office address?
Kopin Corporation's principal executive office is located at 125 North Drive, Westborough, MA 01581.
What is Kopin Corporation's telephone number?
Kopin Corporation's telephone number is (508) 870-5959.
What is the filing date of this Form 8-K?
This Form 8-K was filed on June 6, 2024.
Filing Stats: 532 words · 2 min read · ~2 pages · Grade level 14 · Accepted 2024-06-06 16:10:40
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) — 36KB
- ex10-1.htm (EX-10.1) — 120KB
- 0001493152-24-022932.txt ( ) — 345KB
- kopn-20240531.xsd (EX-101.SCH) — 3KB
- kopn-20240531_lab.xml (EX-101.LAB) — 33KB
- kopn-20240531_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 31, 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(s) 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. On May 31, 2024, the Board of Directors of Kopin Corporation (the "Company") approved and adopted a form of indemnification agreement to be entered into by the Company with its directors and officers (the "Indemnification Agreement"). The Indemnification Agreement provides for the maximum indemnity permitted for directors and officers under the Delaware General Corporation Law and the Company's charter documents, as well as additional procedural protections. The Indemnification Agreement was adopted in order to incorporate certain updates that reflect current market indemnification practices. The foregoing summary and description of the provisions of the Indemnification Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Indemnification Agreement, a copy of which is filed as Exhibit 10.1 with this Current Report on Form 8-K and is incorporated herein by reference. (d) Exhibits Exhibit 10.1 Form of Indemnification Agreement. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2 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: June 6, 2024 By: /s/ Richard A. Sneider Richard A. Sneider Treasurer and Chief Financial Officer (Principal Financial and Accounting Officer) 3