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):
May 31, 2002
eMagin Corporation
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(Exact name of registrant as specified in its charter)
Delaware 000-24757 56-1764501
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(State or Other Jurisdiction of (Commission File Number) (I.R.S. Employer Identification
Incorporation) Number)
2070 Route 52, Hopewell Junction, New York 12533
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(Address of principal executive offices) (zip code)
(845) 892-1900
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(Registrant's telephone number, including area code)
ITEM 5. OTHER EVENTS.
eMagin Corporation ("eMagin" or the "Company") and The Travelers Insurance
Company ("Travelers") entered into a second amendment agreement to amend and
extend the maturity date of the Convertible Promissory Note (the "Note") dated
August 20, 2001, issued under the Note Purchase Agreement entered into as of
August 20, 2001 by and between eMagin and Travelers. The amendment agreement
extends the maturity date of the Note from May 31, 2002 to June 5, 2002. eMagin
and Travelers are currently engaging in discussions in respect of the
restructuring of the Note. There can be no assurance that eMagin will be able to
arrange a restructuring of the Note on terms acceptable to eMagin, if at all.
The foregoing description is only a summary of the transaction described
and is qualified in its entirety by the Amendment No. 2 to Convertible
Promissory Note attached as an exhibit to this Form 8-K, which exhibit is
incorporated herein by reference.
ITEM 7. EXHIBITS.
Exhibit
Number Description
10.1 Amendment No. 2 to Convertible Promissory Note dated as of May
31, 2002.
SIGNATURE
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.
EMAGIN CORPORATION
By: /s/ Edward V. Flynn
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Name: Edward V. Flynn
Title: Chief Financial Officer
Dated May 31, 2002.