Lumentum Holdings Inc. Files 8-K on Financials and Personnel
Ticker: LITE · Form: 8-K · Filed: Feb 3, 2025 · CIK: 1633978
Sentiment: neutral
Topics: financial-condition, officer-changes, exhibits
Related Tickers: LITE
TL;DR
Lumentum 8-K dropped: Financials, exec changes, and exhibits. Check it out.
AI Summary
Lumentum Holdings Inc. filed an 8-K on February 3, 2025, reporting events as of January 28, 2025. The filing primarily concerns results of operations and financial condition, alongside changes in directors or officers and compensatory arrangements. It also includes financial statements and exhibits.
Why It Matters
This 8-K filing provides crucial updates on Lumentum's financial performance and any significant changes in its leadership or executive compensation, which are key indicators for investors.
Risk Assessment
Risk Level: medium — 8-K filings can contain significant information about a company's financial health and leadership, which can impact stock price.
Key Players & Entities
- Lumentum Holdings Inc. (company) — Registrant
- January 28, 2025 (date) — Date of earliest event reported
- February 3, 2025 (date) — Date of report
- 1001 Ridder Park Drive, San Jose, CA 95131 (address) — Principal Executive Offices
FAQ
What specific financial results are being reported in this 8-K?
The filing indicates 'Results of Operations and Financial Condition' are reported, but specific figures are not detailed in the provided text.
Were there any changes in Lumentum's directors or officers reported?
Yes, the filing lists 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' as an item of information.
What is the primary purpose of this 8-K filing?
The primary purpose is to report on Lumentum's results of operations and financial condition, as well as any changes in directors or officers and related compensatory arrangements.
When was this 8-K report filed with the SEC?
The report was filed on February 3, 2025.
What is Lumentum Holdings Inc.'s principal executive office address?
Lumentum Holdings Inc.'s principal executive offices are located at 1001 Ridder Park Drive, San Jose, CA 95131.
Filing Stats: 2,889 words · 12 min read · ~10 pages · Grade level 12.1 · Accepted 2025-02-03 17:15:21
Key Financial Figures
- $0.001 — registered Common Stock, par value of $0.001 per share LITE Nasdaq Global Select
- $900,000 — y Mr. Hurlston an annual base salary of $900,000, and an annual bonus with a target oppo
- $2,000,000 — on will receive a cash signing bonus of $2,000,000. If prior to the second anniversary of
- $10,000,000 — ive awards with a target opportunity of $10,000,000. In addition, effective as of his sta
- $9,000,000 — its ("RSUs") with a grant date value of $9,000,000 that will vest as to 1/3 of the award o
- $2 — ance period, with a grant date value of $2.000,000, with approximately 50% of the
- $14,000,000 — iii) PSUs ("rTSR PSUs") with a value of $14,000,000 that vest based on the Company's total
- $3,200,000 — ump sum cash severance payment equal to $3,200,000 representing 200% of his base annual sa
- $85,000 — lary at an annual rate of approximately $85,000 and continued vesting of RSUs and PSUs
Filing Documents
- d842830d8k.htm (8-K) — 48KB
- d842830dex101.htm (EX-10.1) — 57KB
- d842830dex102.htm (EX-10.2) — 111KB
- d842830dex991.htm (EX-99.1) — 19KB
- g842830dsp008.jpg (GRAPHIC) — 2KB
- 0001193125-25-019371.txt ( ) — 415KB
- lite-20250128.xsd (EX-101.SCH) — 3KB
- lite-20250128_lab.xml (EX-101.LAB) — 17KB
- lite-20250128_pre.xml (EX-101.PRE) — 11KB
- d842830d8k_htm.xml (XML) — 3KB
01 – Financial Statements and Exhibits
Item 9.01 – Financial Statements and Exhibits (d)Exhibits. Exhibit No. Description 10.1 Offer Letter dated January 28, 2025 10.2 Transition Agreement dated February 2, 2025 99.1 Press release entitled "Lumentum Announces Leadership Transition", dated February 3, 2025. 104 Cover Page Interactive Data File (formatted as Inline XBRL)
Signatures
Signatures 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. LUMENTUM HOLDINGS INC. By: /s/ Jae Kim Name: Jae Kim Title: Senior Vice President, General Counsel and Secretary February 3, 2025