form8k.htm
SECURITIES
AND EXCHANGE
COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date
of Report (Date of earliest
event reported): December 27, 2007
eMagin
Corporation
(Exact
name of registrant as specified in its charter)
|
Delaware
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000-24757
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56-1764501
|
|
(State
or other jurisdiction of incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification
No.)
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| |
|
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10500
N.E. 8th
Street, Suite 1400,
Bellevue, WA 98004
(Address
of principal executive offices and Zip Code)
Registrant's
telephone number, including area code (425)-749-3600
Copies
to:
Richard
A. Friedman, Esq.
Sichenzia
Ross Friedman Ference LLP
61
Broadway, 32 Floor
New
York,
New York 10018
Phone:
(212) 930-9700
Fax:
(212) 930-9725
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
[
]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[
]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[
]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
(17 CFR 240.14d-2(b))
[
]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act
(17 CFR 240.13e-4(c))
Item
5.02 Departure of Directors or
Principal Officers; Election of Directors; Appointment of Principal Officers;
Compensatory Arrangements of Certain Officers.
As
previously reported John Atherly,
eMagin Corporation’s (the “Company”) Chief Financial Officer is resigning as
Chief Financial Officer, effective as of January 2, 2008. As of
December 27, 2007, Michael Fowler became the Company’s Chief Financial Officer.
Mr. Fowler is 64 years old and has been a partner with Tatum, LLC (“Tatum”) for
4 years. Tatum is an executive services firm. From 2005 to
2007, Mr. Fowler served as Chief Financial Officer for Torrent Energy, a
NASDAQ-traded natural gas exploration company. From 2004-2005, Mr.
Fowler served as the Chief Financial Officer for Pacific West Bank. From
2003-2005, Mr. Fowler provided strategic financial planning services to
a number of companies, including Swan Island Networks, a security
software provider to the Departments of Homeland Security and Defense, Apex
Construction Systems, a building materials manufacturer and Portland Teachers
Credit Union, a regional financial institution. From 2001 to 2003,
Mr. Fowler served as the Chief Financial Officer of Wellpartner, Inc. a
venture-backed, internet/mail order pharmacy Company. Mr. Fowler has
a Master of Business Administration and a Bachelor of Science in electrical
engineering from University of Utah.
Mr.
Fowler is serving as the Company’s Chief Financial Officer pursuant to an
agreement between the Company and Tatum, dated December 26, 2007 (the “Tatum
Agreement”). Pursuant to the Tatum Agreement, for a minimum term of
three months, Mr. Fowler will be paid a salary of $24,500 per month and the
Company will also pay Tatum a fee of $10,500 per month. Either party
may terminate the Tatum Agreement by providing the other with at 30 days
notice.
The
foregoing description of the Tatum Agreement does not purport to be complete
and
is qualified in its entirety by reference to the Tatum Agreement which is
attached as an exhibit to this Current Report and is incorporated into this
Item
by reference.
Item
9.01 Financial Statements and
Exhibits.
|
(a)
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Financial
statements of
business acquired.
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Not
applicable.
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(b)
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Pro
forma financial
information.
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Not
applicable.
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Exhibit
10.1
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Agreement
between the Company and Tatum, LLC
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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eMagin
Corporation |
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|
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|
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Date:
December
28, 2007
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By:
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/s/ K.C.
Park |
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K.C.
Park |
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Chief
Executive Officer |
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EXHBIT
INDEX
Exhibit
Number
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Exhibit
10.1-
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Agreement
between the Company and Tatum, LLC
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3