secwatch.observer — SEC 8-K summary
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Issuer:     KOPIN CORP (KOPN)
CIK:        0000771266
Form:       8-K
Filed at:   2024-04-16T23:59:59+00:00
Accession:  0001493152-24-014751
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Kopin enters new employment agreement with CEO Michael Murray
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- CEO Michael Murray's new agreement effective April 15, 2024; base salary $495,000.
- Target bonus of 100% of base salary, maximum 150%, based on Board-determined goals.
- Eligible for equity awards; change of control accelerates vesting of outstanding time-based awards.
- Mr. Murray is no longer eligible to participate in the executive stock program for other senior executives.
- Employment agreement to be filed with next quarterly report.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/771266/000149315224014751/0001493152-24-014751-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/771266/000149315224014751/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-014751

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