IPG Photonics extends former CTO Ovtchinnikov's consulting to Dec 31, 2025 at $10k/month

IPG PHOTONICS CORP

Former SVP & CTO Alexander Ovtchinnikov's consulting term extended from March 31 to December 31, 2025.
Monthly consulting fee reduced to $10,000 (from $17,000) during extended term; hours cut to 5/week.
Non-compete extended to later of March 31, 2026 or six months after termination; non-solicitation to later of Sept 30, 2026 or 12 months after.

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