As filed with the Securities and Exchange Commission on August 16, 2002
File No. 333-____________
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM S-8
REGISTRATION STATEMENT UNDER THE
SECURITIES ACT OF 1933
KOPIN CORPORATION
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(Exact Name of Registrant as Specified in Its Charter)
DELAWARE
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(State or Other Jurisdiction of Incorporation or Organization)
04-2833935
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(I.R.S. Employer Identification No.)
695 Myles Standish Blvd., Taunton, MA 02780-1042
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(Address of Principal Executive Offices) (Zip Code)
KOPIN CORPORATION 2001 EQUITY INCENTIVE PLAN
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(Full Title of the Plan)
John C.C. Fan with copies to:
Chief Executive Officer John J. Concannon III, Esq.
Kopin Corporation Bingham McCutchen LLP
695 Myles Standish Blvd. 150 Federal Street
Taunton, MA 02780-1042 Boston, MA 02110
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(Name and address of agent for service)
(508) 824-6696 (617) 951-8000
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(Telephone Number, Including Area Code, of Agent For Service)
CALCULATION OF REGISTRATION FEE
Proposed
Title of Proposed Maximum
Securities Amount Maximum Aggregate Amount of
to be to be Offering Offering Registration
Registered Registered* Price Per Share* Price* Fee
Common Stock 1,200,000 $6.42 $7,704,000 $708.77
$.01 par
value per share
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* Estimated solely for the purpose of computing the registration fee
pursuant to Rule 457(h) under the Securities Act of 1933, as amended, based on
the average of the high and low prices of the Registrant's Common Stock, $.01
par value per share, reported by the Nasdaq National Market on August 12, 2002.
PART II
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.
The following documents filed by Kopin Corporation (the "Registrant") with
the Securities and Exchange Commission (the "SEC") are hereby incorporated by
reference into this Registration Statement: (1) the Registrant's Annual Report
on Form 10-K for the fiscal year ended December 31, 2001 filed by the
Registrant with the SEC on March 20, 2002; (2) the Registrant's Quarterly
Report on Form 10-Q for the fiscal quarter ended March 30, 2002; (3) the
Registrant's Quarterly Report on Form 10-Q for the fiscal quarter ended June
29, 2002; (4) the Registrant's Current Report on Form 8-K, as filed by the
Registrant with the SEC on June 10, 2002; (5) the Registrant's Current Report
on Form 8-K as filed by the Registrant with the SEC on July 29, 2002; (6) the
Registrant's Current Report on Form 8-K as filed by the Registrant with the SEC
on August 13, 2002; (7) all other reports filed by the Registrant pursuant to
Sections 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the
"Exchange Act") since December 31, 2001; and (8) the description of the Common
Stock of the Registrant, $.01 par value per share (the "Common Stock"),
contained in the Registrant's registration statement on Form S-1 filed with the
SEC under Section 12(g) of the Exchange Act, including any amendment or report
filed for the purpose of updating such description.
In addition, all documents filed by the Registrant pursuant to Sections
13(a), 13(c), 14 and 15(d) of the Exchange Act subsequent to the date of this
Registration Statement and prior to the filing of a post-effective amendment
which indicates that all securities registered hereby have been sold or which
deregisters all of such securities then remaining unsold shall be incorporated
by reference into this Registration Statement as of the filing date of each.
ITEM 4. DESCRIPTION OF SECURITIES.
Not applicable.
ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL.
Not applicable.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
Section 145 of the Delaware General Corporation Law (the "DGCL") empowers
a Delaware corporation to indemnify its officers and directors and certain
other persons to the extent and under the circumstances set forth therein.
The Amended and Restated Certificate of Incorporation and the Amended and
Restated By-Laws of the Registrant include provisions to (i) eliminate the
personal liability of our directors for monetary damages resulting from
breaches of their fiduciary duty to the extent permitted by Section 102(b)(7)
of the Delaware General Corporation Law and (ii) authorize the Registrant to
indemnify our directors and officers to the fullest extent permitted by Section
145 of the DGCL, including circumstances in which indemnification is otherwise
discretionary. The Registrant has purchased an insurance policy covering its
officers and directors with respect to certain liabilities arising under the
Securities Act or otherwise.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.
Not applicable.
ITEM 8. EXHIBITS.
The following exhibits are filed as part of or incorporated by reference
into this Registration Statement:
EXHIBIT NO. DESCRIPTION OF DOCUMENT
4.1(a)* Amended and Restated Certificate of Incorporation of the
Registrant.
4.1(b)** Certificate of Amendment of Amended and Restated Certificate of
Incorporation of the Registrant.
4.1(c)*** Certificate of Amendment of Amended and Restated Certificate of
Incorporation of the Registrant.
4.2**** Amended and Restated By-laws, as amended, of the Registrant.
4.3***** Kopin Corporation 2001 Equity Incentive Plan.
4.4 Amendment to Kopin Corporation 2001 Equity Incentive Plan.
5 Opinion and Consent of Bingham McCutchen LLP as to the legality of
the securities being registered.
23.1 Independent Auditors' Consent - Deloitte & Touche LLP.
23.2 Consent of Bingham McCutchen LLP
(included in Exhibit 5).
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* Filed as Exhibit 3.1 to registration statement on Form S-1, File No.
33-57450 and incorporated herein by reference.
** Filed as Exhibit 3.2(a) to Form 10-Q for the quarterly period
ended July 1, 2000, File No. 000-19882, and incorporated herein by
reference.
*** Filed as Exhibit 3.2(b) to Form 10-Q for the quarterly period
ended July 1, 2000, File No. 000-19882, and incorporated herein by
reference.
**** Filed as Exhibit 3.2 to registration statement on Form S-1, File No.
33-57450 and incorporated herein by reference.
***** Filed as Appendix B to proxy statement filed pursuant to Rule
14a- 6 of the Exchange Act, filed with the Securities and
Exchange Commission on April 20, 2001, File No. 000-19882, and
incorporated herein by reference.
ITEM 9. UNDERTAKINGS.
The Registrant hereby undertakes:
(1) To file, during any period in which offers or
sales are being made pursuant to this Registration Statement,
a post-effective amendment to this Registration Statement to
include any material information with respect to the plan of
distribution not previously disclosed in this Registration
Statement or any material change to such information in this
Registration Statement.
(2) That, for the purpose of determining any
liability under the Securities Act of 1933, each such
post-effective amendment shall be deemed to be a new
Registration Statement relating to the securities offered
therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.
(3) To remove from registration by means of a
post-effective amendment any of the securities being
registered which remain unsold at the termination of the
offering.
The undersigned registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act of 1933, each filing of the
registrant's annual report pursuant to Section 13(a) or 15(d) of the Securities
Exchange Act of 1934 (and, where applicable, each filing of an employee benefit
plan's annual report pursuant to Section 15(d) of the Securities Exchange Act
of 1934) that is incorporated by reference in the registration statement shall
be deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.
Insofar as indemnification for liabilities arising under the Securities
Act of 1933 may be permitted to directors, officers and controlling persons of
the Registrant pursuant to the foregoing provisions described in Item 6 above,
or otherwise, the Registrant has been advised that in the opinion of the
Securities and Exchange Commission such indemnification is against public
policy as expressed in the Securities Act and is, therefore, unenforceable. In
the event that a claim for indemnification against such liabilities (other than
the payment by the Registrant of expenses incurred or paid by a director,
officer or controlling person of the Registrant in the successful defense of
any action, suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being registered, the
Registrant will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate jurisdiction
the question whether such indemnification by it is against public policy as
expressed in the Securities Act and will be governed by the final adjudication
of such issue.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the Town of Taunton, Commonwealth of Massachusetts, on the 15th
day of August, 2002.
KOPIN CORPORATION
By: /s/ John C.C. Fan
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John C.C. Fan
Chief Executive Officer
Pursuant to the requirements of the Securities Act of 1933, as amended,
this Registration Statement has been signed by the following persons in the
capacities and on the dates indicated.
Signature Title Date
/s/ John C.C. Fan Chief Executive Officer, August 15, 2002
------------------------------------ President (Principal Executive
John C.C. Fan Officer) and Director
/s/ David E. Brook Director and Secretary August 15, 2002
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David E. Brook
/s/ Andrew H. Chapman Director August 15, 2002
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Andrew H. Chapman
/s/ Morton Collins Director August 15, 2002
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Morton Collins
/s/ Chi Chia Hsieh Director August 15, 2002
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Chi Chia Hsieh
/s/ Michael A. Wall Director August 15, 2002
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Michael A. Wall
/s/ Richard A. Sneider Chief Financial Officer August 15, 2002
------------------------------------ (Principal Accounting Officer and
Richard A. Sneider Principal Financial Officer)
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION OF DOCUMENT
4.1(a)* Amended and Restated Certificate of Incorporation of the
Registrant.
4.1(b)** Certificate of Amendment of Amended and Restated Certificate of
Incorporation of the Registrant.
4.1(c)*** Certificate of Amendment of Amended and Restated Certificate of
Incorporation of the Registrant.
4.2**** Amended and Restated By-laws, as amended, of the Registrant.
4.3***** Kopin Corporation 2001 Equity Incentive Plan.
4.4 Amendment to Kopin Corporation 2001 Equity Incentive Plan.
5 Opinion and Consent of Bingham McCutchen LLP as to the legality of
the securities being registered.
23.1 Independent Auditors' Consent - Deloitte & Touche LLP.
23.2 Consent of Bingham McCutchen LLP
(included in Exhibit 5).
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* Filed as Exhibit 3.1 to registration statement on Form S-1, File No.
33-57450 and incorporated herein by reference.
** Filed as Exhibit 3.2(a) to Form 10-Q for the quarterly period
ended July 1, 2000, File No. 000-19882, and incorporated herein by
reference.
*** Filed as Exhibit 3.2(b) to Form 10-Q for the quarterly period
ended July 1, 2000, File No. 000-19882, and incorporated herein by
reference.
**** Filed as Exhibit 3.2 to registration statement on Form S-1, File No.
33-57450 and incorporated herein by reference.
***** Filed as Appendix B to proxy statement filed pursuant to Rule
14a- 6 of the Exchange Act, filed with the Securities and
Exchange Commission on April 20, 2001, File No. 000-19882, and
incorporated herein by reference.
Exhibit 4.4
KOPIN CORPORATION
KOPIN CORPORATION 2001 EQUITY INCENTIVE PLAN
AMENDMENT
Kopin Corporation (the "Company"), pursuant to authority reserved in
Section 13 of the 2001 Equity Incentive Plan of the Company (the "2001 Plan"),
hereby amends the 2001 Plan as follows:
Effective as of February 4, 2002, Section 4 of the 2001 Plan is deleted in
its entirety and is replaced with the following:
4. STOCK SUBJECT TO THE PLAN. At no time shall the number of
shares of Common Stock issued pursuant to or subject to
outstanding Awards granted under the Plan exceed 2,400,000
shares of Common Stock; subject, however, to the provisions
of Section 8 of the Plan. For purposes of applying the
foregoing limitation, if any Option expires, terminates, or
is cancelled for any reason without having been exercised in
full, or if any Award of Restricted Stock is forfeited by the
recipient, the shares not purchased by the Optionee or
forfeited by the recipient shall again be available for
Awards to be granted under the Plan. Shares of Common Stock
issued pursuant to the Plan may be either authorized but
unissued shares or shares held by the Company in its treasury.
IN WITNESS WHEREOF, the Company has adopted this Amendment as of the 4th
day of February, 2002.
KOPIN CORPORATION
By: /s/ John C.C. Fan
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John C.C. Fan
President and Chief Executive Officer
Exhibit 5
BINGHAM McCUTCHEN LLP
150 Federal Street
Boston, MA 02110
August 16, 2002
Kopin Corporation
695 Myles Standish Boulevard
Taunton, Massachusetts 02780-1042
Re: Registration Statement on Form S-8
Ladies and Gentlemen:
This opinion is furnished in connection with the registration, pursuant to
a Registration Statement on Form S-8 under the Securities Act of 1933, as
amended (the "Act"), to be filed with the Securities and Exchange Commission on
or about August 16, 2002 (the "Registration Statement"), of 1,200,000 shares
(the "Shares") of common stock, par value $0.01 per share (the "Common Stock"),
of Kopin Corporation, a Delaware corporation (the "Company"), which are or will
be issuable to employees, directors, consultants, and advisors of the Company
upon the exercise of options granted pursuant to the Company's 2001 Equity
Incentive Plan (the "2001 Plan") or which the Company may sell or grant as
restricted stock pursuant to the 2001 Plan.
We have acted as counsel to the Company in connection with the foregoing
registration of the Shares. We have examined and relied upon originals or
copies of such records, instruments, certificates, memoranda, and other
documents as we have deemed necessary or advisable for purposes of this opinion
and have assumed, without independent inquiry, the accuracy of those documents.
In that examination, we have assumed the genuineness of all signatures, the
conformity to the originals of all documents reviewed by us as copies, the
authenticity and completeness of all original documents reviewed by us in
original or copy form, and the legal competence of each individual executing
such documents. We have further assumed that all options granted or to be
granted pursuant to the 2001 Plan were or will be validly granted in accordance
with the terms of the 2001 Plan, that all Shares to be issued upon exercise of
such options will be issued in accordance with the terms of such options and
the 2001 Plan, and that all Shares sold or granted as restricted stock will be
sold or granted in accordance with the terms of the 2001 Plan.
This opinion is limited solely to the Delaware General Corporation Law, as
applied by courts located in Delaware, the applicable provisions of the
Delaware Constitution, and the reported judicial decisions interpreting those
laws.
Based upon and subject to the foregoing, we are of the opinion that:
1. Upon the issuance and the delivery of the Shares upon the exercise of
options granted pursuant to the 2001 Plan in accordance with the terms of such
options and the 2001 Plan, the Shares will be validly issued, fully paid, and
nonassessable shares of the Company's Common Stock.
2. Upon the issuance and delivery of the Shares in the form of restricted
stock in accordance with the terms of the awards of such restricted stock and
the 2001 Plan, and upon the Company's receipt of the full purchase price
therefore, as determined by the Board of Directors of the Company (and assuming
such purchase price per share is at least equal to the par value of the Common
Stock)and as specified in the documents governing such awards and the 2001
Plan, the Shares will be validly issued, fully paid, and nonassessable shares
of the Company's Common Stock.
We consent to the filing of a copy of this opinion as an exhibit to the
Registration Statement.
Very truly yours,
/s/ Bingham McCutchen LLP
BINGHAM MCCUTCHEN LLP
Exhibit 23.1
INDEPENDENT AUDITORS' CONSENT
We consent to the incorporation by reference in this Registration Statement of
Kopin Corporation on Form S-8 of our report dated February 14, 2002, appearing
in the Annual Report on Form 10-K of Kopin Corporation for the year ended
December 31, 2001.
/s/ Deloitte & Touche LLP
DELOITTE & TOUCHE LLP
Boston, Massachusetts
August 15, 2002