secwatch.observer — SEC 8-K summary
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Issuer:     COHERENT CORP. (COHR)
CIK:        0000820318
Form:       8-K
Filed at:   2022-07-01T23:59:59+00:00
Accession:  0001193125-22-186770
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 1.02, 2.01, 2.03, 3.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/820318/000119312522186770/0001193125-22-186770-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/820318/000119312522186770/d307343d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-186770

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