IPG Photonics CTO Alexander Ovtchinnikov to retire Sept 15, 2024, consulting through March 2025

IPG PHOTONICS CORP

CTO Alexander Ovtchinnikov retires effective Sept 15, 2024; signs consulting agreement through March 31, 2025.
Consulting fee of $17,000/month; equity awards continue vesting during consulting term.
IPG pays COBRA premiums for 18 months beginning Sept 16, 2024; non-compete/non-solicit periods start March 15, 2025.

item 5.02 item 9.01

Executive movements

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Departed

Alexander Ovtchinnikov

Senior Vice President, Chief Technology Officer

IPGP · IPG PHOTONICS CORP

Effective: 2024-09-15
Filed: August 16, 2024, 7:59 PM ET

On August 15, 2024, Alexander Ovtchinnikov, Ph.D., Senior Vice President, Chief Technology Officer of IPG Photonics Corporation (the “Company”), informed the Company of his intention to retire from employment with the Company effective September 15, 2024

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Alexander Ovtchinnikov retired as Senior Vice President, Chief Technology Officer at IPG PHOTONICS CORP.

Action: retired
Role: Senior Vice President, Chief Technology Officer

Exact text from the filing

On August 15, 2024, Alexander Ovtchinnikov, Ph.D., Senior Vice President, Chief Technology Officer of IPG Photonics Corporation (the “Company”), informed the Company of his intention to retire from employment with the Company effective September 15, 2024

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IPG PHOTONICS CORP filing history →

Source: SEC EDGAR

accession 0001111928-24-000127

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