Current Report Filing (8-k)
09 November 2016 - 9:17AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 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) November 8, 2016
KOPIN CORPORATION
(Exact
Name of Registrant as Specified in Charter)
DELAWARE
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000-19882
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04-2833935
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(State or Other Jurisdiction
of Incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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125 North Drive, Westborough, MA 01581
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(Address
of Principal Executive Offices) (Zip Code)
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Registrant’s
telephone number, including area code
(508)
870-5959
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))
Item 4.02 NONRELIANCE ON A PREVIOUSLY ISSUED FINANCIAL STATEMENT OR A
RELEATED AUDIT REPORT OR COMPLETED INTERIM REVIEW.
Kopin Corporation (the “Company”) issued a press release on November 8,
2016, a copy of which is attached as Exhibit 99.1 to this report and
incorporated herein by this reference, in which the Company today
announced that, based upon preliminary findings, it has discovered
instances in which an employee at one of its majority-owned foreign
subsidiaries appears to have embezzled money from the Company. The
Company is currently performing an investigation of the matter. The
Company believes, based upon preliminary findings, that the impact of
the potential theft will not be material to its previously filed
financial statements as of December 26, 2015 and for the six month
period ended June 25, 2016. However, the Company has not completed its
investigation and is currently assessing the impact the finding might
have had upon the Company’s historical financial statements.
Accordingly, until such time as the Company completes its review,
investors should not rely upon the Company’s financial statements that
have been included in the Company’s SEC filings.
The Audit Committee of the Board of Directors and management have
discussed the embezzlement and the preliminary results of the forensic
investigation with our independent accountants.
Certain statements included in Item 4.02 of this Current Report on Form
8-K, which are not historical facts, are forwardlooking statements. Such
forward looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995 and
speak only as of the date of this Current Report. These forward looking
statements represent our current expectations or beliefs and involve
certain risks and uncertainties, including those described in our public
filings with the SEC.
Item 9.01.
Financial Statements and Exhibits
.
(d)
Exhibits
.
99.1
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Press Release dated November 8, 2016, entitled, “KOPIN REPORTS DELAY
IN FILING FORM 10-Q FOR PERIOD ENDED SEPTEMBER 24, 2016”.
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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.
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KOPIN CORPORATION
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Dated:
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November 8, 2016
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By:
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/s/ Richard A. Sneider
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Richard A. Sneider
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Treasurer and Chief Financial Officer
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(Principal Financial and Accounting Officer)
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EXHIBIT INDEX
Exhibit
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Description
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99.1
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Press Release dated November 8, 2016, entitled, “KOPIN REPORTS
DELAY IN FILING FORM 10-Q FOR PERIOD ENDING SEPTEMBER 24, 2016”
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