secwatch.observer — SEC 8-K summary
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Issuer:     COHERENT CORP. (COHR)
CIK:        0000820318
Form:       8-K
Filed at:   2024-06-03T23:59:59+00:00
Accession:  0001193125-24-152389
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 99.1, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coherent appoints James Anderson as CEO, succeeding Vincent Mattera
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/820318/000119312524152389/0001193125-24-152389-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/820318/000119312524152389/d845190d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-152389

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer