{"schema_version":"secwatch.filing_event.v1","accession":"0001111928-25-000003","form_type":"8-K","ticker":"IPGP","cik":"0001111928","company_name":"IPG PHOTONICS CORP","filed_at":"2025-02-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:02.958114+00:00","generated_at":"2026-05-26T23:13:52.800402+00:00","sec_items":["2.02","5.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"IPG Photonics Q4 revenue down 22% to $234M; EPS $0.18 (-80%); CAO change; weak Q1 guidance","bullets":["Q4 revenue $234.3M (-22% YoY); EPS $0.18 (-80% from $0.89); net income $7.8M vs $41.4M.","Gross margin 38.6% (+40bps); operating income $14.0M (-51%); cash from ops $74M; $57M share repurchases.","Materials processing sales -24% YoY; regional: NA -31%, China -22%, Europe -22%, Japan +15%.","CAO Thomas Burgomaster retiring March 1, 2025; succeeded by VP Finance Mary Buttarazzi.","Q1 2025 guidance: revenue $210-240M, gross margin 36-39%, adj. EPS $0.05-0.35."],"urls":{"canonical":"https://secwatch.observer/filing/0001111928-25-000003","json":"https://secwatch.observer/filing/0001111928-25-000003.json","markdown":"https://secwatch.observer/filing/0001111928-25-000003.md","text":"https://secwatch.observer/filing/0001111928-25-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1111928/000111192825000003/0001111928-25-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1111928/000111192825000003/ipgp-20250211.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T23:13:52.800402+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":[{"claim_id":"79429b8ab2","claim":"Mary E. Buttarazzi was appointed as Vice President, Corporate Controller and Chief Accounting Officer at IPG PHOTONICS CORP.","evidence_excerpt":"On February 7, 2025, the Board of Directors (the \" Board \") of the Company appointed the Company's Vice President, Finance, Mary E. Buttarazzi, to assume the role of the Company's Vice President, Corporate Controller and Chief Accounting Officer (including its Principal Accounting Officer) effective upon Mr. Burgomaster’s retirement on March 1, 2025.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1111928/000111192825000003/0001111928-25-000003-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Vice President, Corporate Controller and Chief Accounting Officer"}],"fact_type":"executive_change"},{"claim_id":"9f877758e5","claim":"Thomas J. Burgomaster retired as Vice President, Corporate Controller and Chief Accounting Officer at IPG PHOTONICS CORP.","evidence_excerpt":"On February 7, 2025, Thomas J. Burgomaster, Vice President, Corporate Controller and Chief Accounting Officer (including its Principal Accounting Officer) of the Company, informed the Company of his intention to retire from his position with the Company effective March 1, 2025.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1111928/000111192825000003/0001111928-25-000003-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"retired"},{"label":"Role","value":"Vice President, Corporate Controller and Chief Accounting Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}