secwatch.observer — SEC 8-K summary
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Issuer:     COHERENT CORP. (COHR)
CIK:        0000820318
Form:       8-K
Filed at:   2024-06-06T23:59:59+00:00
Accession:  0001193125-24-155356
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coherent grants 147k RSUs and 694k target PSUs to new CEO James Anderson
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- RSUs cover 147,214 shares vesting in three equal annual installments starting June 3, 2025.
- PSUs target 694,007 shares; payout 0-250% based on TSR vs S&P 1500 Electronic Equipment Index through June 30, 2027.
- PSU payout capped at 100% if Coherent's absolute TSR is negative over the performance period.
- Awards are inducement grants under NYSE Rule 303A.08; CEO James Anderson started June 3, 2024.
- On qualifying termination during non-CIC period, PSUs prorated with 12-month service credit at greater of target or actual.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/820318/000119312524155356/0001193125-24-155356-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/820318/000119312524155356/d833462d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-155356

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