Kopin Director Signs Employment Agreement With Another Company Requiring Resignation from Board
Kopin (Nasdaq: KOPN), a developer of high-performance optical solutions, announced the resignation of board director Scott Anchin, effective May 31st. Anchin, who also served as head of the audit committee, has accepted a new employment agreement requiring him to step down from all outside board roles. Chairman James Brewington acknowledged Anchin's contributions, particularly in the appointment and transition of current CEO Michael Murray. To find a replacement, Kopin has enlisted Egon Zehnder, a global leadership advisory firm. This development aims to ensure a seamless transition and sustained leadership for the company.
- Scott Anchin's instrumental role in identifying and transitioning the new CEO, Michael Murray, suggests strong leadership continuity.
- Engagement of Egon Zehnder, a global leadership advisory firm, indicates proactive steps in ensuring a capable replacement for Scott Anchin.
- Positive contributions from Anchin over the last five years, as highlighted by Chairman James Brewington.
- Scott Anchin’s resignation may lead to temporary instability or uncertainty within the board, affecting strategic decisions.
- Potential delays in decision-making or policy changes until a suitable replacement is identified and onboarded.
Kopin’s Chaiman of the Board, James Brewington, commented, "Scott has been an integral part of our Board and we have valued his leadership and advice over the last five years. Among other things, Scott was instrumental in helping us to identify our current CEO, Michael Murray, and helping Michael through the transition. We wish Scott success in the next chapter of his career."
Kopin has engaged Egon Zehnder, a global leadership advisory firm to identify Mr. Anchin's replacement on the Board of Directors.
About Kopin
Kopin Corporation is a leading developer and provider of high-performance application-specific optical solutions consisting of high-resolution microdisplays, microdisplays subassemblies and related components for defense, enterprise, industrial, and consumer products. Our products are used for soldier, avionic, armored vehicle, and training & simulation defense applications; industrial, public safety and medical headsets; 3D optical inspection systems; and consumer augmented reality (“AR”) and virtual reality (“VR”) wearable headsets systems. For more information, please visit Kopin’s website at www.kopin.com.
Kopin is a trademark of Kopin Corporation.
Forward-Looking Statements
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For Investor Relations
Kopin Corporation
Richard Sneider
Treasurer and Chief Financial Officer
rsneider@kopin.com
MZ Contact
Brian M. Prenoveau, CFA
MZ Group – MZ North America
KOPN@mzgroup.us
+561 489 5315
Source: Kopin Corporation
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