secwatch.observer — SEC 8-K summary
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Issuer:     COHERENT CORP. (COHR)
CIK:        0000820318
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0001193125-24-039385
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 7.01, 99.1, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coherent CEO Vincent Mattera to retire; board launches CEO search; FY2024 guidance reaffirmed
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- Dr. Vincent D. Mattera Jr. informed board of intent to retire as CEO after successor appointed or by end of 2024.
- Board formed sub-committee and retained executive search firm for internal and external candidate evaluation.
- Mattera will remain CEO and Chair until new CEO starts; if none by Nov 15, 2024, he may retire Dec 31, 2024.
- Company reaffirms fiscal 2024 guidance originally provided Feb 5, 2024 in a shareholder letter.
- Mattera served as CEO for 8 years; revenue grew from $150M to over $5B during his 20-year tenure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/820318/000119312524039385/0001193125-24-039385-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/820318/000119312524039385/d700987d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-039385

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