---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-290249"
form_type: "8-K"
ticker: "COHR"
cik: "0000820318"
company_name: "COHERENT CORP."
filed_at: "2025-11-21T23:59:59+00:00"
generated_at: "2026-05-16T17:48:14.658791+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-290249
- form_type: 8-K
- ticker: COHR
- cik: 0000820318
- company_name: COHERENT CORP.
- filed_at: 2025-11-21T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/820318/000119312525290249/0001193125-25-290249-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/820318/000119312525290249/d86807d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-290249
- JSON: https://secwatch.observer/filing/0001193125-25-290249.json
- Plain text: https://secwatch.observer/filing/0001193125-25-290249.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.