---
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"
generated_at: "2026-06-05T21:41:29.002367+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# IPG Photonics 2024 exec comp: CEO base flat at €800K, two NEOs get 5% raise, one-time LTI boost

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001111928-24-000016
- JSON: https://secwatch.observer/filing/0001111928-24-000016.json
- Plain text: https://secwatch.observer/filing/0001111928-24-000016.txt

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