Kopin Corporation granted an inducement equity award to its new Chief Financial Officer, Erich Manz, in accordance with Nasdaq Listing Rule 5635(c)(4).
The equity award consists of 400,000 restricted shares of Kopin common stock, with 25% vesting on each December 10 starting in 2026, contingent on Mr. Manz's continued employment with Kopin.
This grant serves as a material inducement for Mr. Manz to join the company's leadership team.
Equity Award Grant
Kopin granted 400,000 restricted shares of common stock to its new CFO as an inducement for employment.
Vesting Schedule
The equity award will vest in 25% increments annually on December 10, starting in 2026, subject to continued employment.
Nasdaq Compliance
The grant was made in compliance with Nasdaq Listing Rule 5635(c)(4) regarding equity inducement awards.
- This inducement equity award aims to attract top talent like Erich Manz to strengthen Kopin's leadership and financial management.
- By tying the vesting of shares to continued employment, the award aligns Mr. Manz's interests with the company's long-term performance and growth.
- This grant signals Kopin's commitment to rewarding key executives and maintaining competitive compensation packages in the industry.
Kopin's inducement grant reflects a strategic move to enhance its executive team with experienced financial leadership. The company's adherence to Nasdaq regulations and focus on long-term incentives showcase a proactive approach to talent retention and organizational growth.