II-VI completes acquisition of Coherent; each share receives $220 cash and 0.91 II-VI shares

COHERENT CORP.

Entered $4B senior secured credit facility ($850M Term A, $2.8B Term B, $350M revolver) to fund cash consideration and repay debt.
Issued 140,000 Series B-2 Convertible Preferred shares to Bain Capital affiliate for $1.4B aggregate purchase price.
Appointed former Coherent directors Stephen A. Skaggs and Sandeep S. Vij to II-VI board effective July 1, 2022.
Awarded special RSUs to CEO ($4M), CSO ($2M), President ($1.75M), and CFO ($1.75M) vesting 50% per year over 2 years.

item 1.01 item 1.02 item 2.01 item 2.03 item 3.02 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Sandeep S. Vij

Director

COHR · COHERENT CORP.

Effective: 2022-07-01
Filed: July 1, 2022, 7:59 PM ET

Specifically, the Board of Directors appointed Stephen A. Skaggs and Sandeep S. Vij as members of the Board of Directors effective as of the Effective Time.

Appointed

Stephen A. Skaggs

Director

COHR · COHERENT CORP.

Effective: 2022-07-01
Filed: July 1, 2022, 7:59 PM ET

Specifically, the Board of Directors appointed Stephen A. Skaggs and Sandeep S. Vij as members of the Board of Directors effective as of the Effective Time.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Sandeep S. Vij was appointed as Director at COHERENT CORP..

Action: appointed
Role: Director

Exact text from the filing

Specifically, the Board of Directors appointed Stephen A. Skaggs and Sandeep S. Vij as members of the Board of Directors effective as of the Effective Time.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Stephen A. Skaggs was appointed as Director at COHERENT CORP..

Action: appointed
Role: Director

Exact text from the filing

Specifically, the Board of Directors appointed Stephen A. Skaggs and Sandeep S. Vij as members of the Board of Directors effective as of the Effective Time.

View on SEC.gov

COHERENT CORP. filing history →

Source: SEC EDGAR

accession 0001193125-22-186770

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