695 Myles Standish Boulevard
Taunton, Mass. 02780
(508) 824-6696; fax (508) 822-1381
e-mail: info@kopin.com
Employees: 391
Kopin Corporation develops and manufactures advanced semiconductor materials and
miniature flat panel displays. Its products are used primarily in wireless communications
products. For the quarter that ended March 31, the company reported a 24 percent
decrease in revenues to $15 million and a net loss of $6.8 million, compared to
income of $2.3 million for the same period a year ago. Recently the company reported
what it said were a number of industry leading research developments of Carbon-Doped
InP-based transistors at the International InP and Related Material Conference
in Nara, Japan.
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Stock Information
Exchange:Nasdaq
Symbol: KOPN
Annual meeting: May 24, 2001
Shares of common stock outstanding as of March 28, 2001: 64,924,963
Stock price as of Tuesday, May 22, 2001: $12.97
Market value as of Thursday, May 24, 2001: $842,076,770
12-month high stock price: $47.44
12-month low stock price: $4.00
Operating Results
(Dollars in thousands, except per share data)
| For the years ending Dec. 31, |
2000
|
1999
|
1998
|
| Total revenuew |
$92,598
|
$38,662
|
$26,905
|
| Net income (loss) |
6,293
|
775
|
(2,968)
|
| Net income (loss) per share |
0.10
|
0.01
|
(0.06)
|
| Total assets |
184,491
|
145,074
|
61,906
|
| Long-term debt |
1,250
|
2,567
|
4,209
|
Directors
John C.C. Fan, 57, director since 1984, president, chief executive officer
and chairman of the company. Shares: 2,897,618
David E. Brook, 60, director since 1984, a founder of the company he is
a partner in the patent law firm of Hamilton, Brook Smith & Reynolds in Lexington,
Mass.. Shares: 206,804
Andrew H. Chapman, 46, director since 1985, a founder and executive vice
president of Narad Networks, telecommunications network equipment company. Shares:
32,000
Morton Collins, 65, director since 1985, general partner of DSV Partners
III, a venture capital firm. Shares: 128,000
Chi Chia Hsieh, 56, director since 1995, vice chairman of Microelectronics
Technology, Inc., a Taiwan Corporation. Shares: 88,000
Michael A. Wall, 72, director since 1984, chairman of Alkermes, Inc.. Shares:297,604
Directors’ fees
Each non-employee director receives $1,000 for each board or committee meeting
attended.
Top institutional holders
Morgan Stanely Dean Witter & Co., 1,289,496 shares
Capital Guardian Trust Co., 983,300 shares
Kern Capital Management LLC, 894,800 shares
Luther King Capital Management, 853,050 shares
Executive compensation
|
Fiscal Year
|
2000
|
1999
|
|
John C. C. Fan, chairman, president and
chief executive officer |
$375,000
|
$350,000
|
|
Richard A. Sneider, treasurer and chief
financial officer |
$220,000
|
$190,000
|
|
Bor Yeu Tsauer, executive vice president
|
$225,000
|
$222,500
|
|
Matthew J. Micci, vice president
|
$333,216
|
$196,103
|
| Daily S. Hill, vice president |
$352,350
|
$225,787
|
*Executive compensation includes salary, bonuses and other compensation, including
life insurance, cash profit sharing and other payments.
Exercised Stock Options
|
Shares acquired on exercise
|
Value realized
|
|
|
John C. C. Fan
|
237,598
|
$2,467,384
|
| Richard A. Sneider |
96,514
|
$3,111,958
|
| Bor Yeu Tsauer |
120,000
|
$4,424,438
|
| Matthew J. Micci |
190,800
|
$5,840,135
|
| Daily S. Hill |
147,300
|
$4,245,056
|
Source: Proxy statement, annual report, quarterly reports, and other PBN research
