EMAGIN CORPORATION Form 8-K
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): June 5, 2007
eMagin
Corporation
(Exact
name of registrant as specified in its charter)
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Delaware
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000-24757
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56-1764501
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(State
or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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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, 32nd
Floor
New
York,
New York 10006
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
1.01. Entry into a Material Definitive Agreement.
Emagin
Corporation (the “Company”) has entered into an Intellectual Property Agreement
(the “Agreement”), effective as of May 30, 2007, with Eastman Kodak Company
(“Kodak”). Pursuant to the Agreement, the Company assigned to Kodak all rights,
title and interest to a patent entitled “Serially-connected Organic Light
Emitting Diode Stack Having Conductors Sandwiching Each Light Emitting Layer”
(the “Patent”). In consideration to the Company for the transfer of the rights
to the Patent, Kodak agreed that:
(1) Each
of
the Company’s quarterly royalty payments owed to Kodak under the certain
Nonexclusive Field of Use License Agreement Relating to OLED Technology for
Miniature, High Resolution Displays, dated March 29, 1999
between
the Company and Kodak, as amended(the “License Agreement”) for the second half
(from July 1 through December 31) of calendar year 2007 shall be reduced by
fifty percent (50%); and
(2) Each
of
the Company’s
quarterly
royalty payments owed to Kodak under Section 4.2 of the License Agreement for
the calendar year 2008 shall be reduced by fifty percent (50%).
ITEM
9.01. Financial Statements and Exhibits.
(c)
Exhibits. The following documents are filed as exhibits to this report:
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10.1
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Intellectual
Property Agreement between Eastman Kodak Company and eMagin Corporation,
dated May 30, 2007
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SIGNATURES
Pursuant
to the requirements of the Securities and 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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Dated:
June 8, 2007
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By: |
/s/ John
Atherly |
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Name:
John Atherly |
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Title:
Chief Financial Officer |
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