Kopin Corp (KOPN) has issued an update.
Kopin Corporation has reaffirmed its commitment to leadership continuity by renewing Michael Murray’s contract as CEO and President, effective April 15, 2024. With an annual salary of $495,000 and a bonus potential of up to 150% based on performance goals set by the Board, Murray’s compensation package aligns with the company’s success. Additionally, he has access to standard benefits and equity awards in company stock but is excluded from the executive stock program. In the event of a company takeover, Murray’s equity awards will fully vest, ensuring his interests are tied closely to shareholder value.
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