---
schema_version: "secwatch.filing_event.v1"
accession: "0001111928-23-000018"
form_type: "8-K"
ticker: "IPGP"
cik: "0001111928"
company_name: "IPG PHOTONICS CORP"
filed_at: "2023-02-22T23:59:59+00:00"
generated_at: "2026-06-19T04:11:42.650481+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# IPG Photonics discloses 2023 executive compensation: CEO base salary up 7.1%, NEOs up 3.5%

## Summary
- CEO Eugene Scherbakov base salary increased 7.1% to €800,000; other NEOs received 3.5% increases.
- 2023 annual incentive plan targets: CEO target 110% of salary, other NEOs 80%; maximum payout up to 247.5% for CEO.
- Long-term equity grants: 50% RSUs (3-year vest) and 50% PSUs tied to organic revenue CAGR and operating margin over 2023-2025.
- Non-Employee Director Compensation Plan amended: non-executive Chair retainer increased from $70,000 to $80,000.
- PSUs have threshold, target, and maximum; maximum payout 200% of target; performance period 2023-2025.

## SEC filing metadata
- accession: 0001111928-23-000018
- form_type: 8-K
- ticker: IPGP
- cik: 0001111928
- company_name: IPG PHOTONICS CORP
- filed_at: 2023-02-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1111928/000111192823000018/0001111928-23-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1111928/000111192823000018/ipgp-20230217.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001111928-23-000018
- JSON: https://secwatch.observer/filing/0001111928-23-000018.json
- Plain text: https://secwatch.observer/filing/0001111928-23-000018.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.