<SEC-DOCUMENT>0001157523-16-007311.txt : 20161108
<SEC-HEADER>0001157523-16-007311.hdr.sgml : 20161108
<ACCEPTANCE-DATETIME>20161108171600
ACCESSION NUMBER:		0001157523-16-007311
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20161108
ITEM INFORMATION:		Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20161108
DATE AS OF CHANGE:		20161108

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KOPIN CORP
		CENTRAL INDEX KEY:			0000771266
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				042833935
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-19882
		FILM NUMBER:		161982036

	BUSINESS ADDRESS:	
		STREET 1:		125 NORTH DRIVE
		CITY:			WESTBOROUGH
		STATE:			MA
		ZIP:			01581
		BUSINESS PHONE:		508-870-5959

	MAIL ADDRESS:	
		STREET 1:		125 NORTH DRIVE
		CITY:			WESTBOROUGH
		STATE:			MA
		ZIP:			01581
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51456737.htm
<DESCRIPTION>KOPIN CORPORATION 8-K
<TEXT>
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      <font style="font-family: Times New Roman; font-size: 12pt">UNITED STATES</font><font style="font-family: Times New Roman; font-size: 12pt"><br style="font-family: Times New Roman; font-size: 12pt"></font><font style="font-family: Times New Roman; font-size: 12pt">SECURITIES
      AND EXCHANGE COMMISSION</font><font style="font-size: 12pt"><br style="font-size: 12pt"></font><font style="font-family: Times New Roman; font-size: 10pt">WASHINGTON,
      D.C. 20549</font><br><font style="font-family: Times New Roman"><b>______________</b></font><br>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt">FORM 8-K</font>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt">CURRENT
      REPORT </font><br><font style="font-family: Times New Roman; font-size: 12pt">Pursuant
      to Section 13 or 15(d) of the</font><br><font style="font-family: Times New Roman; font-size: 12pt">Securities
      Exchange Act of 1934</font>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt">Date of
      Report (Date of earliest event reported) November 8, 2016</font><font style="font-family: Times New Roman; font-size: 10pt"><br style="font-family: Times New Roman; font-size: 10pt"></font>
    </p>
    <p style="text-align: center">
      <u><font style="font-size: 12pt">KOPIN&#160;CORPORATION</font></u><font style="font-size: 10pt"><br style="font-size: 10pt"></font><font style="font-family: Times New Roman; font-size: 10pt">(Exact
      Name of Registrant as Specified in Charter)</font>
    </p>
    <p style="text-align: center">
      <br>

    </p>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman; width: 100%" cellspacing="0">
      <tr>
        <td style="border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; width: 33%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            DELAWARE
          </p>
        </td>
        <td style="border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid; width: 34%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            000-19882
          </p>
        </td>
        <td style="border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid; width: 33%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            04-2833935
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 33%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (State or Other Jurisdiction
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            of Incorporation)
          </p>
        </td>
        <td style="text-align: center; padding-left: 0.0px; width: 34%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Commission
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;File Number)
          </p>
        </td>
        <td style="text-align: right; padding-left: 0.0px; width: 33%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (IRS Employer
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman; width: 100%" cellspacing="0">
      <tr>
        <td style="border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            125 North Drive, Westborough, MA 01581
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt">(Address
            of Principal Executive Offices)&#160;&#160;&#160;(Zip Code)</font>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>
      <font style="font-family: Times New Roman; font-size: 10pt">Registrant&#8217;s
      telephone number, including area code &#160;&#160;&#160;</font><u>(508)
      870-5959</u>
    </p>
    <p>

    </p>
    <p>
      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):
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <div style="margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt; margin-right: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: justify">

    </p>
    <p style="text-align: justify">
      <b>Item 4.02 NONRELIANCE ON A PREVIOUSLY ISSUED FINANCIAL STATEMENT OR A
      RELEATED AUDIT REPORT OR COMPLETED INTERIM REVIEW.</b>
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      Kopin Corporation (the &#8220;Company&#8221;) 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&#8217;s historical financial statements.
      Accordingly, until such time as the Company completes its review,
      investors should not rely upon the Company&#8217;s financial statements that
      have been included in the Company&#8217;s SEC filings.
    </p>
    <p>
      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.
    </p>
    <p>
      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.
    </p>
    <p>

    </p>
    <p style="white-space: nowrap">
      <b>Item 9.01.&#160;&#160;<u>Financial Statements and Exhibits</u>.</b>
    </p>
    <p style="white-space: nowrap">
      <b>(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Exhibits</u></b>.
    </p>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman; width: 100%" cellspacing="0">
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; width: 5%" valign="top">
          99.1
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 95%" valign="top">
          Press Release dated November 8, 2016, entitled, &#8220;KOPIN REPORTS DELAY
          IN FILING FORM 10-Q FOR PERIOD ENDED SEPTEMBER 24, 2016&#8221;.
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt; margin-right: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt"><b>SIGNATURE</b></font>
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      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.
    </p>
    <p>

    </p>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman; width: 100%" cellspacing="0">
      <tr>
        <td style="width: 5%">

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          &#160;
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 5%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 48%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            KOPIN CORPORATION
          </p>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td colspan="2">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 5%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 48%">

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 40%">

        </td>
        <td style="width: 2%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 48%" valign="top">

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px; width: 5%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Dated:
          </p>
        </td>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px; width: 40%" valign="top">
          November 8, 2016
        </td>
        <td style="width: 2%">

        </td>
        <td style="padding-bottom: 2.0px; text-align: left; padding-left: 0.0px; width: 5%" valign="top">
          By:
        </td>
        <td style="border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; width: 48%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            /s/ Richard A. Sneider
          </p>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td colspan="2">

        </td>
        <td style="width: 5%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 48%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Richard A. Sneider
          </p>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td colspan="2">

        </td>
        <td style="width: 5%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 48%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Treasurer and Chief Financial Officer
          </p>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td colspan="2">

        </td>
        <td style="width: 5%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 48%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Principal Financial and Accounting Officer)
          </p>
        </td>
        <td>

        </td>
      </tr>
    </table>
    </div>
    <div style="margin-left: 0pt; margin-bottom: 10pt; text-indent: 0pt; margin-right: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <b>EXHIBIT INDEX</b>
    </p>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman; width: 100%" cellspacing="0">
      <tr>
        <td style="text-align: center; padding-left: 0.0px; width: 10%" valign="top">
          Exhibit
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 2%" valign="middle">
          &#160;
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 88%" valign="top">
          Description
        </td>
      </tr>
      <tr>
        <td style="border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; width: 10%" valign="top">
          &#160;
        </td>
        <td style="width: 2%">

        </td>
        <td style="border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; width: 88%" valign="top">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; width: 10%" valign="top">
          99.1
        </td>
        <td style="width: 2%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 88%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Press Release dated November 8, 2016, entitled, &#8220;KOPIN REPORTS
            DELAY IN FILING FORM 10-Q FOR PERIOD ENDING SEPTEMBER 24, 2016&#8221;
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51456737ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>Kopin
      Reports Delay in Filing Form 10-Q for Period Ended September 24, 2016</b></font>
    </p>
    <p>
      WESTBOROUGH, Mass.--(BUSINESS WIRE)--November 8, 2016--Kopin Corporation
      (NASDAQ: KOPN, <u>www.kopin.com</u>, &#8220;Kopin&#8221; or the &#8220;Company&#8221;), today
      announced that, based upon preliminary findings, it has discovered
      instances in which an employee at one of its foreign majority-owned
      subsidiaries, appears to have embezzled money from such subsidiary.
      While the investigation is ongoing, the amount is not believed to be
      material to the Company&#8217;s cash position.
    </p>
    <p>
      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&#8217;s historical financial statements.
      Accordingly, until such time as the Company completes its review,
      investors should not rely upon the Company&#8217;s financial statements that
      have been included in the Company&#8217;s SEC filings.
    </p>
    <p>
      Kopin is working with its corporate counsel and local authorities to
      determine the best course of action from both a legal and recovery
      perspective and will provide further information as soon as possible.
    </p>
    <p>
      <b>About Kopin Corporation</b>
    </p>
    <p>
      Kopin Corporation is a leading developer and provider of innovative
      wearable technologies and solutions for integration into head-worn
      computing and display systems to military, industrial and consumer
      customers. Kopin&#8217;s technology portfolio includes ultra-small displays,
      optics, speech enhancement technology, system and hands-free control
      software, low-power ASICs, and ergonomically designed smart headset
      reference systems. Kopin&#8217;s proprietary components and technology are
      protected by more than 300 global patents and patents pending. For more
      information, please visit Kopin&#8217;s website at&#160;<u>www.kopin.com</u>.
    </p>
    <p>
      CONTACT:<br>Kopin Corporation<br><b>Richard Sneider,&#160;</b>508-870-5959<br>Treasurer
      and Chief Financial Officer<br><u>Richard_Sneider@kopin.com</u>
    </p>
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