Coherent Corp. Files 8-K on Officer/Director Changes
Ticker: COHR · Form: 8-K · Filed: Oct 11, 2024 · CIK: 820318
Sentiment: neutral
Topics: corporate-governance, officer-appointment, director-election
Related Tickers: COHR
TL;DR
Coherent Corp. 8-K: Leadership changes and officer compensation details filed.
AI Summary
Coherent Corp. filed an 8-K on October 11, 2024, reporting on events that occurred on October 10, 2024. The filing covers the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements for certain officers. It also includes Regulation FD disclosures and financial statements/exhibits.
Why It Matters
This filing provides crucial updates on the company's leadership and governance structure, which can impact strategic direction and investor confidence.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance and executive appointments, not immediate financial distress or major operational shifts.
Key Numbers
- 001-39375 — SEC File Number (Identifies Coherent Corp.'s filing with the SEC.)
- 25-1214948 — IRS Number (Coherent Corp.'s Employer Identification Number.)
Key Players & Entities
- COHERENT CORP. (company) — Registrant
- II-VI INC (company) — Former company name
- Pennsylvania (location) — State of incorporation
FAQ
What specific officer or director positions were affected by the changes reported in the 8-K?
The filing indicates changes related to 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers,' but the specific names and roles are detailed within the full document, not summarized in the provided text.
When did the events reported in this 8-K filing take place?
The earliest event reported occurred on October 10, 2024.
What is Coherent Corp.'s principal executive office address?
The principal executive offices are located at 375 Saxonburg Boulevard, Saxonburg, Pennsylvania 16056.
What was Coherent Corp.'s former company name?
Coherent Corp. was formerly known as II-VI INC.
What is the SIC code for Coherent Corp.?
The Standard Industrial Classification (SIC) code for Coherent Corp. is 3827, which corresponds to Optical Instruments & Lenses.
Filing Stats: 1,678 words · 7 min read · ~6 pages · Grade level 10.8 · Accepted 2024-10-11 08:10:52
Key Financial Figures
- $625,000 — Ms. Luther's annual base salary will be $625,000, subject adjustment based on an annual
- $3,500,000 — incentive awards for Ms. Luther equals $3,500,000, provided 40% as time-vesting restricte
- $500,000 — e a cash sign-on bonus in the amount of $500,000 to be paid in a lump sum on the first r
- $17,400,000 — y awards will be in the total amount of $17,400,000, of which $3,500,000 represents the val
- $13,900,000 — alue of the Fiscal Year 2025 Awards and $13,900,000 represents sign-on awards in part to re
- $1,400,000 — the Inducement Awards are as follows: $1,400,000 of the total award value (representing
- $5,560,000 — first anniversary of the Start Date. $5,560,000 of the total award value (representing
- $10,440,000 — sary of the Start Date. The remaining $10,440,000 of the total Inducement Awards value (r
Filing Documents
- d888602d8k.htm (8-K) — 42KB
- d888602dex101.htm (EX-10.1) — 234KB
- d888602dex991.htm (EX-99.1) — 12KB
- g888602g1010074607600.jpg (GRAPHIC) — 5KB
- g888602g1010080119139.jpg (GRAPHIC) — 5KB
- g888602g1010084511512.jpg (GRAPHIC) — 5KB
- 0001193125-24-236461.txt ( ) — 497KB
- cohr-20241010.xsd (EX-101.SCH) — 3KB
- cohr-20241010_lab.xml (EX-101.LAB) — 17KB
- cohr-20241010_pre.xml (EX-101.PRE) — 11KB
- d888602d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Offer Letter between Sherri Luther and Coherent Corp. 99.1 Press Release dated October 11, 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: October 11, 2024 By: /s/ Ronald Basso Ronald Basso Chief Legal and Compliance Officer & Corporate Secretary