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eMagin Corporation Announces Special Dividend

Seen as an effective vehicle for delivering value to shareholders without compromising balance sheet, financial flexibility and ability to invest

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

eMagin Corporation announced that its Board of Directors has authorized a special dividend of $0.10 per share to all common shares and preferred shares (on an as-converted basis), payable on Dec. 26, 2012, to shareholders of record as of Dec. 20, 2012.

“Our Board of Directors believes the special one-time dividend is an effective vehicle for delivering value to our shareholders without compromising our strong balance sheet, financial flexibility and strategic growth trajectory, nor our ability to continue investing in our business,” said Andrew Sculley, president and CEO. “The Board elected to make this payment before the end of the year in view of the ongoing uncertainty surrounding future dividend tax rates. Our board remains committed to enhancing shareholder value based on its consideration of various factors, including the company’s operating results, financial condition and anticipated capital requirements.”

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