secwatch.observer — SEC 8-K summary
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Issuer:     COHERENT CORP. (COHR)
CIK:        0000820318
Form:       8-K
Filed at:   2024-10-11T23:59:59+00:00
Accession:  0001193125-24-236461
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 Sherri Luther as CFO effective Oct. 11, 2024
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/820318/000119312524236461/0001193125-24-236461-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/820318/000119312524236461/d888602d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-236461

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