secwatch.observer — SEC 8-K summary
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Issuer:     COHERENT CORP. (COHR)
CIK:        0000820318
Form:       8-K
Filed at:   2023-09-15T23:59:59+00:00
Accession:  0001193125-23-235505
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/820318/000119312523235505/0001193125-23-235505-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/820318/000119312523235505/d517089d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-235505

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