UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON DC 20549
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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) August 2, 2007
KOPIN CORPORATION
(Exact Name of Registrant as Specified in Charter)
DELAWARE 000-19882 04-2833935
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
200 John Hancock Road, Taunton, MA 02780
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (508) 824-6696
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Check the appropriate box below if the Form 8-K filing is intended to 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 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing
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Rule or Standard; Transfer of Listing.
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Kopin Corporation issued a press release on August 2, 2007, a copy of which
is attached as Exhibit 99.1 to this report and incorporated herein by this
reference, in which it announced that the Nasdaq Listing and Hearing Review
Council has notified the Company that it has until Tuesday, September 25, 2007
to file its overdue periodic reports and any necessary restatements with the
U.S. Securities and Exchange Commission and Nasdaq. The Council said that if
Kopin does not regain compliance by September 25, 2007, its securities could be
suspended from listing on the Nasdaq Global Market at the opening of business on
September 27, 2007. Under Nasdaq Marketplace Rule 4809, the Nasdaq Board of
Directors may call the Council's decision for review and grant a stay of
delisting. Kopin intends to request that the Nasdaq Board exercise its
discretionary authority under Rule 4809 to grant the Company continued listing
beyond the Council's September 25, 2007 deadline to allow the Company time to
complete its investigation into the Company's past stock option practices and
related accounting, and for management and the Company's independent registered
public accounting firm to complete their work in connection with the overdue
periodic reports and any necessary restatements. However, there can be no
assurance that the Nasdaq Board will grant Kopin's request for continued listing
of its common stock.
Item 9.01. Financial Statements and Exhibits.
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(d) Exhibits.
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99.1 Kopin Corporation Press Release, dated August 2, 2007.
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: August 2, 2007 By: /s/ Richard A. Sneider
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Richard A. Sneider
Treasurer and Chief Financial Officer
(Principal Financial and Accounting Officer)