secwatch.observer — SEC 8-K summary
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Issuer:     COHERENT CORP. (COHR)
CIK:        0000820318
Form:       8-K
Filed at:   2023-06-30T23:59:59+00:00
Accession:  0001193125-23-179441
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Coherent Corp announces mandatory conversion of Series A Preferred Stock to common; ~10.2M shares issued
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- All Series A Preferred shares convert automatically on July 3, 2023 at 4.4523 common shares per preferred share.
- Conversion will result in issuance of approximately 10.2 million common shares, increasing dilution.
- Final quarterly dividend of $3.00 per share to holders of record as of June 15, 2023, payable on conversion date.
- NYSE trading of preferred stock (IIVI) to be suspended and delisted; Company to deregister preferred stock.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/820318/000119312523179441/0001193125-23-179441-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/820318/000119312523179441/d526095d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-179441

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