secwatch.observer — SEC 8-K summary
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Issuer:     COHERENT CORP. (COHR)
CIK:        0000820318
Form:       8-K
Filed at:   2024-10-16T23:59:59+00:00
Accession:  0001193125-24-238137
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coherent grants inducement RSUs/PSUs to new CFO Sherri R. Luther
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- Sherri R. Luther started as CFO and Treasurer on Oct 11, 2024.
- Inducement RSUs: 15,902 shares (3-yr vest) and 63,154 (2-yr vest).
- Inducement PSUs target 118,583 shares; TSR vs S&P 1500 Electronic Eq. through June 30, 2027.
- PSU payout from 0% (below 25th) to 200% (≥75th); capped at 100% if absolute TSR negative.
- Vesting includes standard treatment on termination or change in control under severance plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/820318/000119312524238137/0001193125-24-238137-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/820318/000119312524238137/d883262d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-238137

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