Coherent appoints Sherri Luther as CFO effective Oct. 11, 2024

COHERENT CORP.

Sherri Luther appointed CFO and Treasurer, replacing interim CFO Rich Martucci; Martucci stays in non-executive role.
Base salary of $625,000; target annual bonus 85% of base; sign-on cash bonus $500,000 (clawback if leave before 2 years).
Inducement equity awards total $17.4M: $3.5M for FY25 LTIs (40% RSU, 60% PSU) and $13.9M sign-on to replace forfeited awards.
Luther previously CFO of Lattice Semiconductor (since 2019) and spent 16 years at Coherent Inc. pre-merger as VP of Finance.
Awards vest based on time and relative TSR; granted outside Omnibus Plan as NYSE-listing-rule inducement awards.

item 5.02 item 7.01 item 99.1 item 9.01

Executive movements

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Appointed

Sherri R. Luther

Chief Financial Officer and Treasurer

COHR · COHERENT CORP.

Effective: 2024-10-11
Filed: October 11, 2024, 7:59 PM ET

appointed Sherri R. Luther as the Company’s Chief Financial Officer (“CFO”) and Treasurer, effective October 11, 2024

Role change

Richard J. Martucci

Interim Chief Financial Officer

COHR · COHERENT CORP.

Effective: 2024-10-11
Successor: Sherri R. Luther
Filed: October 11, 2024, 7:59 PM ET

Mr. Martucci will remain with the Company in a non-executive officer role.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Sherri R. Luther was appointed as Chief Financial Officer and Treasurer at COHERENT CORP..

Action: appointed
Role: Chief Financial Officer and Treasurer

Exact text from the filing

appointed Sherri R. Luther as the Company’s Chief Financial Officer (“CFO”) and Treasurer, effective October 11, 2024

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Richard J. Martucci changed role as Interim Chief Financial Officer at COHERENT CORP..

Action: stepped down as interim CFO
Role: Interim Chief Financial Officer

Exact text from the filing

Mr. Martucci will remain with the Company in a non-executive officer role.

View on SEC.gov

COHERENT CORP. filing history →

Source: SEC EDGAR

accession 0001193125-24-236461

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