Coherent appoints James Anderson as CEO, succeeding Vincent Mattera

COHERENT CORP.

James Anderson named CEO effective June 3, 2024; joins board as Class One director.
Base salary $1.06M, target bonus 150%, inducement equity awards worth $48M total.
Anderson previously CEO of Lattice Semiconductor; drove record operating profits and gross margins.
Vincent Mattera retires as CEO and board member under previously disclosed succession agreement.
Inducement equity includes $8.4M RSUs (time-vesting) and $39.6M PSUs (rTSR-based).

item 5.02 item 7.01 item 99.1 item 9.01

Executive movements

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Appointed

James R. Anderson

Chief Executive Officer

COHR · COHERENT CORP.

Effective: 2024-06-03
Filed: June 3, 2024, 7:59 PM ET

On June 3, 2024, the Company announced the appointment of James R. Anderson as CEO of the Company, effective June 3, 2024

Departed

Vincent D. Mattera, Jr.

Chief Executive Officer

COHR · COHERENT CORP.

Effective: 2024-06-03
Successor: James R. Anderson
Filed: June 3, 2024, 7:59 PM ET

In compliance with his CEO Succession and Retirement Agreement dated February 17, 2024, Dr. Mattera resigned as a Class One member of the Board immediately before the Start Date

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

James R. Anderson was appointed as Chief Executive Officer at COHERENT CORP..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On June 3, 2024, the Company announced the appointment of James R. Anderson as CEO of the Company, effective June 3, 2024

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Vincent D. Mattera, Jr. resigned as Chief Executive Officer at COHERENT CORP..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

In compliance with his CEO Succession and Retirement Agreement dated February 17, 2024, Dr. Mattera resigned as a Class One member of the Board immediately before the Start Date

View on SEC.gov

COHERENT CORP. filing history →

Source: SEC EDGAR

accession 0001193125-24-152389

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