IPG Photonics adopts amended Executive Severance Plan; modifies CIC benefits and director pay

IPG PHOTONICS CORP

Tier One SVPs now get prorated performance equity based on actual results; post-CIC equity deemed earned at target.
Tier Two/Three CIC cash severance becomes lump sum with target bonus multiples; enhanced period 2 yrs then 12 months.
CEO Mark Gitin's employment agreement clarifies bonus financial-performance percentage set annually by committee.
Non-employee director annual retainer increased from $80,000 to $85,000 effective Sept 30, 2025.
SVPs Lopresti, Mammen, Ness, Samartsev terminated employment agreements; now covered by Severance Plan as at-will employees.

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