COHERENT CORP. — fact timeline

COHERENT CORP. reported third quarter of fiscal year 2026 ended March 31, 2026 results: revenue $1.81 billion, net income $0.97 per diluted share, EPS $1.41.

“a global leader in photonics, announced financial results today for its third quarter of fiscal year 2026 ended March 31, 2026. Revenue for the third quarter of fiscal 2026 was $1.81 billion, with GAAP gross margin of 37.7% and GAAP net income of $0.97 per diluted share. On a non-GAAP basis, gross margin was 39.6% with net income per diluted share of $1.41. “We”

Giovanni Barbarossa changed role as Chief Strategy Officer at COHERENT CORP..

“Giovanni Barbarossa notified Coherent Corp. (the “Company”) of his intention to transition from his role as the Company’s Chief Strategy Officer, effective as of the Transition Date, and retire in September 2026.”

COHERENT CORP. issued 7,788,161 shares of common stock to NVIDIA Corporation for at a price of $256.80 per share for an aggregate purchase price of $2 billion in cash.

“On March 2, 2026, Coherent Corp. (“Coherent” or the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with NVIDIA Corporation (“NVIDIA”), and Coherent completed the issuance and sale of 7,788,161 shares of the Company’s common stock, no par value (the “Shares”), pursuant to the Purchase Agreement, at a price of $256.80 per share for an aggregate purchase price of $2 billion in cash.”

Ronald Basso departed as Chief Legal Officer at COHERENT CORP..

“announced that Ronald Basso’s service as an executive officer of the Company in the role of Chief Legal Officer ended simultaneously with the appointment of Rob Beard as the Company’s Chief Legal and Global Affairs Officer, all effective on October 21, 2024.”

Rob Beard was appointed as Chief Legal and Global Affairs Officer at COHERENT CORP..

“announced that Ronald Basso’s service as an executive officer of the Company in the role of Chief Legal Officer ended simultaneously with the appointment of Rob Beard as the Company’s Chief Legal and Global Affairs Officer, all effective on October 21, 2024.”

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

“Coherent Corp. (the “Company”) awarded restricted stock units (“RSUs”) and performance stock units (“PSUs”) to its new Chief Financial Officer and Treasurer, Sherri R. Luther, effective on her start date, October 11, 2024.”

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

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

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

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

Walter R. Bashaw II departed as President at COHERENT CORP..

“replacing Walter R. Bashaw II who, as previously announced, will resign from the Company as of September 6, 2024”

James R. Anderson was appointed as President at COHERENT CORP..

“the Board of Directors of Coherent Corp. (the “Company”) appointed James R. Anderson, the Company’s Chief Executive Officer, to also serve as the Company’s President, effective September 1, 2024”

Walter R. Bashaw II resigned as President at COHERENT CORP..

“On August 5, 2024, Coherent Corp. (the “Company”) and Walter R. Bashaw II, the Company’s President, agreed that he will be resigning effective September 6, 2024.”

James R. Anderson was appointed as Chief Executive Officer at COHERENT CORP..

“Coherent Corp. (the “Company”) made awards of restricted stock units (“RSU”) and performance stock units (“PSUs”) to its new Chief Executive Officer, James R. Anderson, effective on his start date, June 3, 2024.”

Vincent D. Mattera, Jr. resigned as Chief Executive Officer at COHERENT CORP..

“In compliance with his CEO Succession and Retirement Agreement dated February 17, 2024, Dr. Mattera resigned as a Class One member of the Board immediately before the Start Date”

James R. Anderson was appointed as Chief Executive Officer at COHERENT CORP..

“On June 3, 2024, the Company announced the appointment of James R. Anderson as CEO of the Company, effective June 3, 2024”

COHERENT CORP. reported financial results for quarter ended March 31, 2024.

“On May 6, 2024 Coherent Corp. (the “Company”) issued a press release (“Press Release”) announcing it will publicly disseminate a shareholder letter (the “Shareholder Letter”) with its financial results for the quarter ended March 31, 2024 (the “financial results”)”

COHERENT CORP. amended credit facility of $2,435,625,000.00 with JPMorgan Chase Bank, N.A., as administrative agent at 1.50%, in the case of base rate loans, and from 2.75% to 2.50%, in the case of t maturing maturity of the New Term Loans and revolving credit facility remains unchanged.

“Pursuant to the Amendment, the $2,435,625,000.00 in aggregate principal amount of term B loans outstanding under the Credit Agreement (the “ Existing Term B Loans ”) were replaced with an equal amount of new term loans (the “ New Term B Loans ”) having substantially similar terms as the Existing Term B Loans, except with respect to the interest rate applicable to the New Term B Loans and certain other provisions. The interest rate margin applicable to the New Term B Loans was reduced from 1.75% to 1.50%, in the case of base rate loans, and from 2.75% to 2.50%, in the case of term benchmark loans, with a term benchmark floor of 0.50%.”

COHERENT CORP. amended Amendment No. 2 to Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent valued at $2,435,625,000.00 (effective 2024-04-02).

“On April 2, 2024, Coherent Corp. (the “ Company ”) entered into that certain Amendment No. 2 to Credit Agreement (the “ Amendment ”) with the lenders and other parties thereto and JPMorgan Chase Bank, N.A., as administrative agent (the “ Agent ”), amending that certain Credit Agreement, dated as of July 1, 2022”

Vincent D. Mattera, Jr. departed as Chief Executive Officer at COHERENT CORP..

“On February 17, 2024, Dr. Vincent D. Mattera, Jr., the Chief Executive Officer (“CEO”) of Coherent Corp. (the “Company”), informed the Company’s Board of Directors (the “Board”) of his intent to retire as CEO following the appointment of his successor or otherwise at the end of calendar 2024.”

COHERENT CORP. reported financial results for second quarter of fiscal year 2024.

“On February 5, 2024 Coherent Corp. (the “Company”) issued a press release (“Press Release”) announcing it will publicly disseminate a shareholder letter (the “Shareholder Letter”) with its financial results for the quarter ended December 31, 2023 (the “financial results”)”

COHERENT CORP. shareholders approved Ratification of Ernst & Young LLP as independent registered public accounting firm for fiscal year ending June 30, 2024 at the 2024-06-30 meeting.

“At the Annual Meeting, the Company’s shareholders ratified the selection by the Audit Committee of the Company’s Board of Directors of Ernst & Young LLP as the Company’s independent registered public accounting firm for the Company’s fiscal year ending June 30, 2024 (“Proposal 6”).”

COHERENT CORP. shareholders approved Amendment and restatement of the 2018 Employee Stock Purchase Plan.

“At the Annual Meeting, the Company’s shareholders approved the amendment and restatement of the 2018 Employee Stock Purchase Plan, as disclosed in the 2023 Proxy Statement (“Proposal 5”).”

COHERENT CORP. shareholders approved Amendment and restatement of the 2018 Omnibus Incentive Plan.

“At the Annual Meeting, the Company’s shareholders approved the amendment and restatement of the 2018 Omnibus Incentive Plan, as disclosed in the 2023 Proxy Statement (“Proposal 4”).”

COHERENT CORP. shareholders approved Advisory vote on frequency of future non-binding advisory votes on executive compensation (one year).

“At the Annual Meeting, the Company’s shareholders approved (on a non-binding advisory basis) one year as the frequency of future non-binding advisory shareholder votes on the compensation paid to our named executive officers, as disclosed in the 2023 Proxy Statement (“Proposal 3”).”

COHERENT CORP. shareholders approved Advisory vote on executive compensation of named executive officers in fiscal year 2023.

“At the Annual Meeting, the Company’s shareholders approved (on a non-binding advisory basis) the Company’s executive compensation of named executive officers in the Company’s fiscal year 2023, as disclosed in the 2023 Proxy Statement (“Proposal 2”).”

COHERENT CORP. shareholders approved Election of Joseph J. Corasanti, Patricia Hatter, Stephan A. Skaggs and Sandeep Vij as Class Three Directors.

“At the Annual Meeting, the Company’s shareholders elected Joseph J. Corasanti, Patricia Hatter, Stephan A. Skaggs and Sandeep Vij as Class Three Directors to serve until the Company’s 2026 annual meeting of shareholders or until their respective successors are duly elected and qualified (“Proposal 1”).”

COHERENT CORP. shareholders approved Ratification of Ernst & Young LLP as independent registered public accounting firm for fiscal year ending June 30, 2024 at the 2024-06-30 meeting.

“At the Annual Meeting, the Company's shareholders ratified the selection by the Audit Committee of the Company's Board of Directors of Ernst & Young LLP as the Company's independent registered public accounting firm for the Company's fiscal year ending June 30, 2024 ("Proposal 6").”

COHERENT CORP. shareholders approved Approval of amendment and restatement of the 2018 Employee Stock Purchase Plan.

“At the Annual Meeting, the Company's shareholders approved the amendment and restatement of the 2018 Employee Stock Purchase Plan, as disclosed in the 2023 Proxy Statement ("Proposal 5").”

COHERENT CORP. shareholders approved Approval of amendment and restatement of the 2018 Omnibus Incentive Plan.

“At the Annual Meeting, the Company's shareholders approved the amendment and restatement of the 2018 Omnibus Incentive Plan, as disclosed in the 2023 Proxy Statement ("Proposal 4").”

COHERENT CORP. shareholders approved Non-binding advisory vote on the frequency of future non-binding advisory shareholder votes on executive compensation.

“At the Annual Meeting, the Company's shareholders approved (on a non-binding advisory basis) one year as the frequency of future non-binding advisory shareholder votes on the compensation paid to our named executive officers, as disclosed in the 2023 Proxy Statement ("Proposal 3").”

COHERENT CORP. shareholders approved Non-binding advisory vote to approve the Company's executive compensation of named executive officers in fiscal year 2023.

“At the Annual Meeting, the Company's shareholders approved (on a non-binding advisory basis) the Company's executive compensation of named executive officers in the Company's fiscal year 2023, as disclosed in the 2023 Proxy Statement ("Proposal 2").”

COHERENT CORP. shareholders approved Election of Joseph J. Corasanti, Patricia Hatter, Stephan A. Skaggs and Sandeep Vij as Class Three Directors.

“At the Annual Meeting, the Company's shareholders elected Joseph J. Corasanti, Patricia Hatter, Stephan A. Skaggs and Sandeep Vij as Class Three Directors to serve until the Company's 2026 annual meeting of shareholders or until their respective successors are duly elected and qualified ("Proposal 1").”

COHERENT CORP. reported financial results for quarter ended September 30, 2023.

“Coherent Corp. (the “Company”) issued a press release (“Press Release”) announcing it will publicly disseminate a shareholder letter (the “Shareholder Letter”) with its financial results for the quarter ended September 30, 2023 (the “financial results”)”

COHERENT CORP. entered into MELCO Investment Agreement with Mitsubishi Electric Corporation valued at $500,000,000 (effective 2023-10-10).

“(ii) an investment agreement (the “MELCO Investment Agreement”, and together with the Denso Investment Agreement, the “Investment Agreements”), dated as of October 10, 2023, with Mitsubishi Electric Corporation (“MELCO”), pursuant to which, subject to the terms and conditions set forth therein, Silicon Carbide has agreed to issue and sell to MELCO 16,666,667 Common Units for an aggregate purchase price of $500,000,000”

COHERENT CORP. entered into Denso Investment Agreement with Denso Corporation valued at $500,000,000 (effective 2023-10-10).

“On October 10, 2023, Silicon Carbide LLC (“Silicon Carbide”), a wholly owned subsidiary of Coherent Corp. (the “Company”), entered into (i) an investment agreement (the “Denso Investment Agreement”), dated as of October 10, 2023, with Denso Corporation (“Denso”), pursuant to which, subject to the terms and conditions set forth therein, Silicon Carbide has agreed to issue and sell to Denso 16,666,667 Class A Common Units of Silicon Carbide (the “Common Units”) for an aggregate purchase price of $500,000,000”

Michelle Sterling was elected as Director at COHERENT CORP..

“On September 19, 2023, the Board of Directors of Coherent Corp. (the “Company”) increased the size of the Board to 14 members and elected Elizabeth A. Patrick and Michelle Sterling, each to serve as a member of the Board of Directors, effective immediately.”

Elizabeth A. Patrick was elected as Director at COHERENT CORP..

“On September 19, 2023, the Board of Directors of Coherent Corp. (the “Company”) increased the size of the Board to 14 members and elected Elizabeth A. Patrick and Michelle Sterling, each to serve as a member of the Board of Directors, effective immediately.”

Richard Martucci was appointed as Interim Chief Financial Officer at COHERENT CORP..

“On September 13, 2023, the Board of Directors of the Company (the “Board”) appointed Richard Martucci (age 55), the Company’s Senior Vice President, Business Operations, to serve as its interim Chief Financial Officer and Treasurer and principal financial officer (“Interim CFO”), effective as of September 30, 2023 and until a permanent successor is identified.”

Mary Jane Raymond departed as Chief Financial Officer at COHERENT CORP..

“On September 13, 2023, Coherent Corp. (the “Company”) and Mary Jane Raymond, the Company’s Chief Financial Officer, Treasurer and principal financial officer (“CFO”), mutually agreed that she would conclude her services as the Company’s CFO as of September 29, 2023 (the “Effective Date”).”

Ilaria Mocciaro was appointed as principal accounting officer at COHERENT CORP..

“On August 31, 2023, the Board of Directors of Coherent Corp. (the “Company”) appointed Ilaria Mocciaro the principal accounting officer of Coherent, effective September 1, 2023.”

COHERENT CORP. reported financial results for fourth quarter and fiscal year ended June 30, 2023.

“On August 15, 2023, Coherent Corp. (the “Company”) issued a press release (“Press Release”) announcing it has publicly disseminated a shareholder letter (the “Shareholder Letter”) with its financial results for the fourth quarter and fiscal year ended June 30, 2023 (the “financial results”)”

COHERENT CORP. announced a restructuring with charges of approximately $150 million to $200 million of pre-tax charges affecting manufacturing facilities and sites across the Company.

“the Company’s cost structure as part of a transformation to a simpler, more streamlined, resilient and sustainable business model. The Company expects to incur approximately $150 million to $200 million of pre-tax charges primarily as a result of the reduction in force and facility consolidations related to the closure and relocation of sites. The charges include”

COHERENT CORP. reported fourth fiscal quarter ending June 30, 2023 results: revenue $1,125 million to $1,175 million, EPS $0.33 to $0.43. Guidance reaffirmed.

“The outlook for the fourth fiscal quarter ending June 30, 2023 is revenue of $1,125 million to $1,175 million and earnings per diluted share on a non-GAAP basis of $0.33 to $0.43.”

COHERENT CORP. reported fiscal 2023 third quarter ended March 31, 2023 results: revenue $1.24 billion, EPS $(0.24). Guidance reaffirmed.

“Coherent Corp. Reports Fiscal 2023 Third Quarter Results • Revenue of $1.24 billion, Grew 50% Year-Over-Year • Organic Revenue Growth of 6% Year-Over-Year • Backlog of $2.6 billion, Grew 23% Year-Over-Year • Quarterly Operating Cash Flow of $152 million • GAAP EPS of $(0.24) • Non-GAAP EPS of $0.58 • Establishes multi-year restructuring plan”

COHERENT CORP. updated its third fiscal quarter ending March 31, 2023 guidance (reaffirmed).

“The outlook for the third fiscal quarter ending March 31, 2023 is revenue of $1,320 million to $1,370 million and earnings per diluted share on a non-GAAP basis of $0.75 to $0.90.”

COHERENT CORP. reported fiscal 2023 second quarter ended December 31, 2022 results: revenue $1.37 billion, EPS GAAP EPS of $(0.58).

“Coherent Corp. Reports Fiscal 2023 Second Quarter Results • Record Revenue of $1.37 billion, Grew 70% Year-Over-Year • Organic Revenue Growth of 23% Year-Over-Year • Backlog of $2.9 billion, Grew 68% Year-Over-Year • GAAP EPS of $(0.58) • Non-GAAP EPS of $0.95”

COHERENT CORP. shareholders approved Ratification of Ernst & Young LLP as independent auditor at the 2022-11-16 meeting.

“the Company’s shareholders ratified the selection by the Audit Committee of the Company’s Board of Directors of Ernst & Young LLP”

COHERENT CORP. shareholders approved Non-binding advisory vote on executive compensation at the 2022-11-16 meeting.

“the Company’s shareholders approved (on a non-binding advisory basis) the Company’s executive compensation”

COHERENT CORP. shareholders approved Election of Class Two Directors at the 2022-11-16 meeting.

“the Company’s shareholders elected Enrico Digirolamo, David L. Motley, Lisa Neal-Graves and Shaker Sadasivam as Class Two Directors”

COHERENT CORP. reported the second fiscal quarter ending December 31, 2022 and full year fiscal 2023 results: revenue Q2: $1,340 million to $1,400 million; full year: $5,250 to $5,550 million, EPS Q2 non-GAAP diluted EPS: $0.88 to $1.00. Guidance initiated.

“Outlook The outlook for the second fiscal quarter ending December 31 2022 is revenue of $1,340 million to $1,400 million and earnings per diluted share on a non-GAAP basis of $0.88 to $1.00. This is at today’s exchange rate and today’s estimated tax impact of 23%. Both of these are subject to variability. For the non-GAAP earnings per share, we added back to the GAAP earnings pre-tax amounts of $83 million in amortization, $34 million in share-based compensation, $46 million related to the preliminary fair value adjustment on acquired inventory, and $20-30 million in transaction, integration and other related costs. Refer to Table 8 for the share count range for the aforementioned outlook. Non-GAAP adjustments are by their nature highly volatile and we have low visibility as to the range that may be incurred in the future. The Company also expects full year revenue between $5,250 to $5,550 million, at today’s exchange rate.”

COHERENT CORP. reported fiscal 2023 first quarter ended September 30, 2022 results: revenue $1.34 billion, net income $(38.7) million, EPS $(0.56) per diluted share. Guidance initiated.

“Coherent Corp. Reports Fiscal 2023 First Quarter Results • Record Revenue of 1.34 Billion, Grew 69% Year-Over-Year • Organic Revenue Growth of 20% Year-Over-Year • Record Backlog of $3.05 Billion, Grew 119% Year-Over-Year • GAAP EPS of $(0.56) • Non-GAAP EPS of $1.04”