---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-155919"
form_type: "8-K"
ticker: "COHR"
cik: "0000820318"
company_name: "COHERENT CORP."
filed_at: "2023-05-30T23:59:59+00:00"
generated_at: "2026-06-14T12:14:27.297142+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Coherent approves $150-200M restructuring plan; announces SiC substrate MOU with Mitsubishi Electric

## Summary
- Restructuring plan includes site consolidations and facilities closures; expects $150M-$200M pre-tax charges, with $75M-$100M cash severance and $75M-$100M non-cash impairment losses.
- Actions substantially complete by end of fiscal 2025; intended to realign cost structure as part of post-Coherent acquisition integration.
- Declared quarterly dividend of $3.00 per share on Series A Mandatory Convertible Preferred Stock (IIVI), payable July 3, 2023 to holders of record June 15.
- Entered MOU with Mitsubishi Electric to supply 200mm SiC substrates for Mitsubishi's new 200mm wafer fab for SiC power devices.
- MOU supports Mitsubishi's ~¥260B investment in SiC manufacturing; long-term supply agreement expected.

## SEC filing metadata
- accession: 0001193125-23-155919
- form_type: 8-K
- ticker: COHR
- cik: 0000820318
- company_name: COHERENT CORP.
- filed_at: 2023-05-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.05, 7.01, 9.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/820318/000119312523155919/0001193125-23-155919-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/820318/000119312523155919/d610462d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-155919
- JSON: https://secwatch.observer/filing/0001193125-23-155919.json
- Plain text: https://secwatch.observer/filing/0001193125-23-155919.txt

## Key facts
- Restructurings & Charges
  COHERENT CORP. announced a restructuring with charges of approximately $150 million to $200 million of pre-tax charges affecting manufacturing facilities and sites across the Company.
  - Type: restructuring
  - Charge: approximately $150 million to $200 million of pre-tax charges
  - Affected area: manufacturing facilities and sites across the Company
  source text: the Company’s cost structure as part of a transformation to a simpler, more streamlined, resilient and sustainable business model. The Company expects to incur approximately $150 million to $200 million of pre-tax charges primarily as a result of the reduction in force and facility consolidations related to the closure and relocation of sites. The charges include
  evidence_url: https://www.sec.gov/Archives/edgar/data/820318/000119312523155919/0001193125-23-155919-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.