Coherent CFO Raymond steps down Sep 29; Martucci named interim CFO, transition through Apr 2024

COHERENT CORP.

CFO Mary Jane Raymond last day Sep 29, 2023; stays as non-executive employee through Apr 1, 2024 for transition.
Raymond receives base salary, FY2024 cash incentive at min 100% target, and FY2024 equity awards of 16,261 RSUs and 13,304 PSUs.
Upon completion (Apr 1, 2024), Raymond eligible for 15-month salary continuation and extended healthcare under Executive Severance Plan.
Interim CFO Richard Martucci gets $15k/month stipend plus $500k retention RSU award vesting over 2 years.
Company will conduct global search for permanent CFO.

item 5.02 item 9.01

Executive movements

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

Departed

Mary Jane Raymond

Chief Financial Officer

COHR · COHERENT CORP.

Effective: 2023-09-29
Successor: Richard Martucci
Filed: September 15, 2023, 7:59 PM ET

On September 13, 2023, Coherent Corp. (the “Company”) and Mary Jane Raymond, the Company’s Chief Financial Officer, Treasurer and principal financial officer (“CFO”), mutually agreed that she would conclude her services as the Company’s CFO as of September 29, 2023 (the “Effective Date”).

Appointed (interim)

Richard Martucci

Interim Chief Financial Officer

COHR · COHERENT CORP.

Effective: 2023-09-30
Filed: September 15, 2023, 7:59 PM ET

On September 13, 2023, the Board of Directors of the Company (the “Board”) appointed Richard Martucci (age 55), the Company’s Senior Vice President, Business Operations, to serve as its interim Chief Financial Officer and Treasurer and principal financial officer (“Interim CFO”), effective as of September 30, 2023 and until a permanent successor is identified.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Mary Jane Raymond departed as Chief Financial Officer at COHERENT CORP..

Action: concluded her services as CFO
Role: Chief Financial Officer

Exact text from the filing

On September 13, 2023, Coherent Corp. (the “Company”) and Mary Jane Raymond, the Company’s Chief Financial Officer, Treasurer and principal financial officer (“CFO”), mutually agreed that she would conclude her services as the Company’s CFO as of September 29, 2023 (the “Effective Date”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Richard Martucci was appointed as Interim Chief Financial Officer at COHERENT CORP..

Action: appointed
Role: Interim Chief Financial Officer

Exact text from the filing

On September 13, 2023, the Board of Directors of the Company (the “Board”) appointed Richard Martucci (age 55), the Company’s Senior Vice President, Business Operations, to serve as its interim Chief Financial Officer and Treasurer and principal financial officer (“Interim CFO”), effective as of September 30, 2023 and until a permanent successor is identified.

View on SEC.gov

COHERENT CORP. filing history →

Source: SEC EDGAR

accession 0001193125-23-235505

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