--- schema_version: "secwatch.filing_event.v1" accession: "0001104659-23-109777" form_type: "8-K" ticker: null cik: "0001046995" company_name: "EMAGIN CORP" filed_at: "2023-10-18T23:59:59+00:00" generated_at: "2026-06-09T21:36:25.032023+00:00" event_type: "m_and_a" sentiment: "neutral" materiality_score: 0.9 calibrated_materiality_score: 0.9 confidence: "high" source: SEC EDGAR --- # Samsung Display completes acquisition of eMagin for $2.08/share, ~$218M ## Summary - eMagin acquired by Samsung Display for $2.08 per share in all-cash transaction valued at ~$218M. - Shares of eMagin common stock (EMAN) ceased trading on NYSE American; delisting application to be filed. - eMagin will continue operating as a wholly owned subsidiary under its name at Hopewell Junction, NY. - Board changes: all prior directors replaced by Seo Young Son and Yi Joon Ahn. - Transaction bonuses approved: $361K for CEO Sculley, $250K for CFO Koch, $305K for Dr. Ghosh. ## SEC filing metadata - accession: 0001104659-23-109777 - form_type: 8-K - cik: 0001046995 - company_name: EMAGIN CORP - filed_at: 2023-10-18T23:59:59+00:00 - event_type: m_and_a - sentiment: neutral - materiality_score: 0.9 - calibrated_materiality_score: 0.9 - confidence: high - sec_items: 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1046995/000110465923109777/0001104659-23-109777-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1046995/000110465923109777/tm2328594d1_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-23-109777 - JSON: https://secwatch.observer/filing/0001104659-23-109777.json - Plain text: https://secwatch.observer/filing/0001104659-23-109777.txt ## Key facts - Executive change Seo Young Son was appointed as Director at EMAGIN CORP. - Action: became director - Role: Director source text: Seo Young Son and Yi Joon Ahn, directors of Merger Sub, became directors of the Company evidence_url: https://www.sec.gov/Archives/edgar/data/1046995/000110465923109777/0001104659-23-109777-index.htm - Executive change Brig. General Stephen Seay departed as Director at EMAGIN CORP. - Action: ceased to be a director - Role: Director source text: Jill J. Wittels, Eric Braddom, Paul Cronson, Ellen Richstone, Andrew G. Sculley and Brig. General Stephen Seay each ceased to be directors of the Company evidence_url: https://www.sec.gov/Archives/edgar/data/1046995/000110465923109777/0001104659-23-109777-index.htm - Executive change Yi Joon Ahn was appointed as Director at EMAGIN CORP. - Action: became director - Role: Director source text: Seo Young Son and Yi Joon Ahn, directors of Merger Sub, became directors of the Company evidence_url: https://www.sec.gov/Archives/edgar/data/1046995/000110465923109777/0001104659-23-109777-index.htm - Executive change Eric Braddom departed as Director at EMAGIN CORP. - Action: ceased to be a director - Role: Director source text: Jill J. Wittels, Eric Braddom, Paul Cronson, Ellen Richstone, Andrew G. Sculley and Brig. General Stephen Seay each ceased to be directors of the Company evidence_url: https://www.sec.gov/Archives/edgar/data/1046995/000110465923109777/0001104659-23-109777-index.htm - Executive change Paul Cronson departed as Director at EMAGIN CORP. - Action: ceased to be a director - Role: Director source text: Jill J. Wittels, Eric Braddom, Paul Cronson, Ellen Richstone, Andrew G. Sculley and Brig. General Stephen Seay each ceased to be directors of the Company evidence_url: https://www.sec.gov/Archives/edgar/data/1046995/000110465923109777/0001104659-23-109777-index.htm - Executive change Andrew G. Sculley departed as Director at EMAGIN CORP. - Action: ceased to be a director - Role: Director source text: Jill J. Wittels, Eric Braddom, Paul Cronson, Ellen Richstone, Andrew G. Sculley and Brig. General Stephen Seay each ceased to be directors of the Company evidence_url: https://www.sec.gov/Archives/edgar/data/1046995/000110465923109777/0001104659-23-109777-index.htm - Executive change Jill J. Wittels departed as Director at EMAGIN CORP. - Action: ceased to be a director - Role: Director source text: Jill J. Wittels, Eric Braddom, Paul Cronson, Ellen Richstone, Andrew G. Sculley and Brig. General Stephen Seay each ceased to be directors of the Company evidence_url: https://www.sec.gov/Archives/edgar/data/1046995/000110465923109777/0001104659-23-109777-index.htm - Executive change Ellen Richstone departed as Director at EMAGIN CORP. - Action: ceased to be a director - Role: Director source text: Jill J. Wittels, Eric Braddom, Paul Cronson, Ellen Richstone, Andrew G. Sculley and Brig. General Stephen Seay each ceased to be directors of the Company evidence_url: https://www.sec.gov/Archives/edgar/data/1046995/000110465923109777/0001104659-23-109777-index.htm - Governance Changes EMAGIN CORP: Bylaws amended and restated in connection with merger. - Change: bylaw amendment source text: eMagin’s certificate of incorporation and bylaws were amended and restated in their entirety. evidence_url: https://www.sec.gov/Archives/edgar/data/1046995/000110465923109777/0001104659-23-109777-index.htm - Governance Changes EMAGIN CORP: Certificate of incorporation amended and restated in connection with merger. - Change: charter amendment source text: eMagin’s certificate of incorporation and bylaws were amended and restated in their entirety. evidence_url: https://www.sec.gov/Archives/edgar/data/1046995/000110465923109777/0001104659-23-109777-index.htm - Governance Changes EMAGIN CORP: Shareholders' rights ceased upon merger; shares converted to cash. source text: holders of such shares of the Company’s Common Stock ceased to have any rights as shareholders of the Company, other than the right to receive the Merger Consideration. evidence_url: https://www.sec.gov/Archives/edgar/data/1046995/000110465923109777/0001104659-23-109777-index.htm - M&A Transactions EMAGIN CORP underwent a change of control involving Samsung Display Co., Ltd. for $2.08 per share in an all-cash transaction valued at approximately $218 million (closed 2023-10-18). - Action: change of control - Counterparty: Samsung Display Co., Ltd. - Consideration: $2.08 per share in an all-cash transaction valued at approximately $218 million - Closing: 2023-10-18 source text: of its acquisition by Samsung Display Co., Ltd. (“Samsung Display”), a subsidiary of Samsung Electronics Co., Ltd. and manufacturer and distributor of display products, for $2.08 per share in an all-cash transaction valued at approximately $218 million. “I know I speak for everyone at eMagin when I say that we are very excited to be teaming with Samsung evidence_url: https://www.sec.gov/Archives/edgar/data/1046995/000110465923109777/0001104659-23-109777-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.