IPG Photonics promotes Felix Stukalin to COO; 2022 exec comp set

IPG PHOTONICS CORP

Felix Stukalin named COO effective Feb 18, 2022; previously SVP North America Operations since 2013.
Base salaries for CEO, named executives, and Stukalin increased 3% from 2021 levels.
2022 AIP targets net sales and adjusted EBIT; target bonus unchanged at 80% (CEO 110%).
Equity grants: RSUs vest over 3 years; PSUs based on 3-year revenue CAGR and operating margin.
CEO awarded 18,273 RSUs and 9,136 PSUs per metric; Stukalin 4,703 RSUs and 2,351 PSUs each.

item 5.02

Executive movements

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Role change

Felix Stukalin

Chief Operating Officer

IPGP · IPG PHOTONICS CORP

Effective: 2022-02-18
Filed: February 22, 2022, 6:59 PM ET

Effective February 18, 2022, Felix Stukalin, Senior Vice President, North America Operations, was promoted to Chief Operating Officer of IPG Photonics Corporation (the " Company ").

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Felix Stukalin changed role as Chief Operating Officer at IPG PHOTONICS CORP.

Action: promoted
Role: Chief Operating Officer

Exact text from the filing

Effective February 18, 2022, Felix Stukalin, Senior Vice President, North America Operations, was promoted to Chief Operating Officer of IPG Photonics Corporation (the " Company ").

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IPG PHOTONICS CORP filing history →

Source: SEC EDGAR

accession 0001111928-22-000032

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