Coherent Corp. Appoints New CTO, Details Compensation
Ticker: COHR · Form: 8-K · Filed: Jun 6, 2024 · CIK: 820318
Sentiment: neutral
Topics: executive-appointment, compensation, cto
TL;DR
Coherent Corp. just hired a new CTO, Dr. Sanjiv T. Tangri, with a $400k salary + bonus + stock.
AI Summary
Coherent Corp. announced on June 3, 2024, the appointment of Dr. Sanjiv T. Tangri as Chief Technology Officer, effective June 3, 2024. Dr. Tangri will receive an annual base salary of $400,000 and will be eligible for an annual bonus with a target of 60% of his base salary. He will also receive a grant of 15,000 restricted stock units (RSUs) vesting over three years.
Why It Matters
The appointment of a new CTO is crucial for Coherent Corp.'s technological direction and innovation, potentially impacting future product development and market competitiveness.
Risk Assessment
Risk Level: low — This filing primarily concerns an executive appointment and compensation details, which typically carry low risk.
Key Numbers
- $400,000 — CTO Base Salary (Annual compensation for Dr. Tangri)
- 60% — CTO Bonus Target (Potential annual bonus percentage for Dr. Tangri)
- 15,000 — CTO RSU Grant (Stock award for Dr. Tangri vesting over three years)
Key Players & Entities
- Coherent Corp. (company) — Registrant
- Dr. Sanjiv T. Tangri (person) — Appointed Chief Technology Officer
- $400,000 (dollar_amount) — Annual base salary for new CTO
- 60% (dollar_amount) — Target annual bonus percentage for new CTO
- 15,000 (dollar_amount) — Restricted stock units granted to new CTO
- June 3, 2024 (date) — Effective date of appointment
FAQ
Who has been appointed as the new Chief Technology Officer at Coherent Corp.?
Dr. Sanjiv T. Tangri has been appointed as the new Chief Technology Officer.
What is the effective date of Dr. Sanjiv T. Tangri's appointment?
The appointment is effective as of June 3, 2024.
What is the annual base salary for the new CTO?
The annual base salary for Dr. Sanjiv T. Tangri is $400,000.
What is the target bonus percentage for the new CTO?
The target annual bonus for Dr. Sanjiv T. Tangri is 60% of his base salary.
How many restricted stock units has the new CTO been granted?
Dr. Sanjiv T. Tangri has been granted 15,000 restricted stock units (RSUs) that vest over three years.
Filing Stats: 825 words · 3 min read · ~3 pages · Grade level 12 · Accepted 2024-06-05 20:07:31
Filing Documents
- d833462d8k.htm (8-K) — 28KB
- d833462dex991.htm (EX-99.1) — 9KB
- g833462g0606041200584.jpg (GRAPHIC) — 5KB
- 0001193125-24-155356.txt ( ) — 163KB
- cohr-20240603.xsd (EX-101.SCH) — 3KB
- cohr-20240603_lab.xml (EX-101.LAB) — 17KB
- cohr-20240603_pre.xml (EX-101.PRE) — 11KB
- d833462d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d)Exhibits Exhibit No. Description 99.1 Press Release dated June 5, 2024 104.0 Cover Page Interactive Data File (embedded within the inline XBRL document) SIGNATURE 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. Coherent Corp. Date: June 5, 2024 By: /s/ Ronald Basso Ronald Basso Chief Legal and Compliance Officer & Corporate Secretary