{"schema_version":"secwatch.filing_event.v1","accession":"0001111928-24-000016","form_type":"8-K","ticker":"IPGP","cik":"0001111928","company_name":"IPG PHOTONICS CORP","filed_at":"2024-02-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.424887+00:00","generated_at":"2026-06-05T21:41:29.002367+00:00","sec_items":["5.02"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"IPG Photonics 2024 exec comp: CEO base flat at €800K, two NEOs get 5% raise, one-time LTI boost","bullets":["CEO Eugene Scherbakov base salary unchanged at €800,000; two other NEOs (Mammen, Lopresti) also flat.","Trevor Ness and Alexander Ovtchinnikov received 5% base salary increases to $501,000 and $505,100 respectively.","Target bonus percentages unchanged (CEO 110%, others 80%) with same performance metrics (net sales, adj. EBIT, 50% each).","LTI awards split 50/50 between RSUs and PSUs; PSUs based equally on revenue CAGR and operating margin over three years.","Non-CEO NEOs granted a one-time additional LTI opportunity equal to 40% of their regular annual LTI award."],"urls":{"canonical":"https://secwatch.observer/filing/0001111928-24-000016","json":"https://secwatch.observer/filing/0001111928-24-000016.json","markdown":"https://secwatch.observer/filing/0001111928-24-000016.md","text":"https://secwatch.observer/filing/0001111928-24-000016.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1111928/000111192824000016/0001111928-24-000016-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1111928/000111192824000016/ipgp-20240216.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T21:41:29.002367+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}