Coherent enters waiver with Bain Capital, eliminating Series B preferred dividends

COHERENT CORP.

Waiver Agreement on Nov 20, 2025: Bain Capital irrevocably waived all dividend rights on Series B Preferred Stock.
Bain Capital retains substantial ownership in Coherent despite selling some holdings and making charitable distributions.
Steve Pagliuca, Bain Capital Senior Advisor, called Coherent a compelling long-term investment with strong fundamentals.
Coherent views the waiver as a positive development that aligns Bain Capital's interests with common shareholders.

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