Lumentum Holdings Inc. — fact timeline

Lumentum Holdings Inc. issued approximately 5.0 million shares of common stock to certain holders of its outstanding 0.50% Convertible Senior Notes due 2028 for approximately $650.4 million principal amount of the Notes.

“On May 29, 2026, Lumentum Holdings Inc. (the “Company”) entered into separate privately-negotiated exchange agreements (the “Exchange Agreements”) with certain holders of its outstanding 0.50% Convertible Senior Notes due 2028 (the “Notes”), pursuant to which the Company will deliver an aggregate of approximately 5.0 million shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”) in exchange for approximately $650.4 million principal amount of the Notes (the “Exchange Transactions”) and related conversion value in excess of the principal amount thereof.”

Lumentum Holdings Inc. reported fiscal third quarter ended March 28, 2026 results: revenue $808.4 million, net income $144.2 million, or $1.50 per diluted share, EPS $1.50 per diluted share.

“set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- NEWS RELEASE LUMENTUM ANNOUNCES THIRD QUARTER OF FISCAL YEAR 2026 FINANCIAL RESULTS • Net revenue of $808.4 million • GAAP gross margin of 44.2%; Non-GAAP gross margin of 47.9% • GAAP operating margin of 21.6%; Non-GAAP operating margin of 32.2% • GAAP diluted net income per share of $1.50;”

Lumentum Holdings Inc. issued approximately 5.7 million shares of common stock to holders of 0.50% Convertible Senior Notes due 2026 and 1.50% Convertible Senior Notes due 2029 for approximately $264.8 million principal amount of the 2026 Notes and approximately $209.8 million principal amount of the 2029 Notes.

“On April 7, 2026, Lumentum Holdings Inc. (the “Company”) entered into separate privately-negotiated exchange agreements (the “Exchange Agreements”) with certain holders of its outstanding 0.50% Convertible Senior Notes due 2026 (the “2026 Notes”) and 1.50% Convertible Senior Notes due 2029 (the “2029 Notes” and, together with the 2026 Notes, collectively, the “Notes”), pursuant to which the Company will deliver an aggregate of approximately 5.7 million shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”) in exchange for approximately $264.8 million principal amount of the 2026 Notes, approximately $209.8 million principal amount of the 2029 Notes (the “Exchange Transactions”) and related conversion value in excess of principal amounts thereof.”

Lumentum Holdings Inc. issued 2,876,415 shares of preferred stock to NVIDIA Corporation for $695.31 per share for an aggregate purchase price of $2,000,000,000 in cash.

“On March 2, 2026, Lumentum Holdings Inc. (the “Company”) completed the issuance and sale of 2,876,415 shares of the Company’s Series A Convertible Preferred Stock, par value $0.001 per share (the “Series A Preferred Stock”) to NVIDIA Corporation (“NVIDIA”), pursuant to a Securities Purchase Agreement between the parties (the “Purchase Agreement”), dated as of March 2, 2026. The shares of Series A Preferred Stock were sold at a price of $695.31 per share for an aggregate purchase price of $2,000,000,000 in cash (the “Transaction”).”

Lumentum Holdings Inc.: Filed Certificate of Designation to create Series A Preferred Stock (effective 2026-03-02).

“On March 2, 2026, the Company filed a Certificate of Designation with the Secretary of State of the State of Delaware (the “Certificate of Designation”) in connection with the Transaction.”

Lumentum Holdings Inc. entered into Credit Agreement with Wells Fargo Bank, National Association valued at $400.0 million (effective 2025-12-19).

“On December 19, 2025 (the “Effective Date”), Lumentum Holdings Inc., a Delaware corporation (the “Company”), entered into a credit agreement (the “Credit Agreement”), by and among the Company, as borrower, the lenders from time to time party thereto (the “Lenders”) and Wells Fargo Bank, National Association, as administrative agent (in such capacity, the “Administrative Agent”) and collateral agent. The Credit Agreement provides for a senior secured revolving credit facility in an aggregate principal amount of $400.0 million”

Lumentum Holdings Inc. incurred revolving credit of $400.0 million with Wells Fargo Bank, National Association (as administrative agent) at base rate plus an applicable margin ranging from 0.50% to 1.50%, or a term SOFR maturing December 19, 2030.

“The Credit Agreement provides for a senior secured revolving credit facility in an aggregate principal amount of $400.0 million, including a $23.0 million sublimit for the issuance of letters of credit.”

Lumentum Holdings Inc. incurred convertible notes of $1.265 billion with U.S. Bank Trust Company, National Association at 0.375% maturing March 15, 2032.

“On September 8, 2025, Lumentum Holdings Inc. (the “Company”) issued $1.265 billion in aggregate principal amount of its 0.375% Convertible Senior Notes due 2032 (the “Notes”) pursuant to an indenture (the “Indenture”), dated September 8, 2025, by and between the Company and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).”

Michael Hurlston was appointed as Director at Lumentum Holdings Inc..

“Mr. Hurlston has also been appointed to the Board effective as of 12:00 a.m. Pacific Time on February 7, 2025.”

Michael Hurlston was appointed as President and Chief Executive Officer at Lumentum Holdings Inc..

“the Board had appointed Michael Hurlston as President and Chief Executive Officer of the Company, effective as of 12:00 a.m. Pacific Time on February 7, 2025.”

Alan Lowe departed as President and Chief Executive Officer at Lumentum Holdings Inc..

“Mr. Hurlston will succeed Alan Lowe, the Company’s President and Chief Executive Officer, who is stepping down as President and CEO effective as of immediately prior to 12:00 a.m. Pacific Time on February 7, 2025.”

Lumentum Holdings Inc. reported fiscal third quarter ended March 30, 2024 results: revenue $366.5 million, net income GAAP net loss of $127.0 million, EPS $1.88 per diluted share.

“Net revenue for the fiscal third quarter of 2024 was $366.5 million, with GAAP net loss of $127.0 million, or $1.88 per diluted share.”

Judy G. Hamel departed as Senior Vice President, General Counsel and Secretary at Lumentum Holdings Inc..

“On February 23, 2024, Judy G. Hamel, Senior Vice President, General Counsel and Secretary of Lumentum Holdings Inc. (the “Company”), informed the Company that she would be retiring as General Counsel and Secretary following the appointment of her successor.”

Lumentum Holdings Inc. reported fiscal second quarter ended December 30, 2023 results: revenue $366.8 million, net income GAAP net loss of $99.1 million, EPS $1.47 per diluted share.

“Net revenue for the fiscal second quarter of 2024 was $366.8 million, with GAAP net loss of $99.1 million, or $1.47 per diluted share.”

Lumentum Holdings Inc. shareholders approved To ratify the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the period ending June 29, 2024 at the 2023-11-17 meeting.

“(v) To ratify the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the period ending June 29, 2024: For: Against: Abstentions: 60,900,666 147,314 106,830”

Lumentum Holdings Inc. shareholders approved To approve the Amended and Restated 2015 Equity Incentive Plan at the 2023-11-17 meeting.

“(iv) To approve the Amended and Restated 2015 Equity Incentive Plan: For: Against: Abstentions: Broker Non-Votes: 39,033,778 15,848,248 101,724 6,171,060”

Lumentum Holdings Inc. shareholders approved To approve, on a non-binding advisory basis, the frequency of future advisory votes on the compensation of Company's named executive officers at the 2023-11-17 meeting.

“(iii) To approve, on a non-binding advisory basis, the frequency of future advisory votes on the compensation of Company's named executive officers: One Year: Two Years: Three Years: Abstentions: 54,054,645 36,417 792,114 100,574”

Lumentum Holdings Inc. shareholders approved To approve, on a non-binding advisory basis, the compensation of the Company's named executive officers at the 2023-11-17 meeting.

“(ii) To approve, on a non-binding advisory basis, the compensation of the Company's named executive officers: For: Against: Abstentions: Broker Non-Votes: 26,653,255 28,222,008 108,487 6,171,060”

Lumentum Holdings Inc. shareholders approved Election of Directors at the 2023-11-17 meeting.

“(i) Election of Directors: Name For: Against: Abstentions: Broker Non-Votes: Harold L. Covert 54,562,275 365,312 56,163 6,171,060 Pamela F. Fletcher 54,705,444 210,587 67,719 6,171,060 Isaac H. Harris 44,799,127 10,113,681 70,942 6,171,060 Penelope A. Herscher 53,505,137 1,422,971 55,642 6,171,060 Julia S. Johnson 53,925,528 987,472 70,750 6,171,060 Brian J. Lillie 44,808,932 10,116,011 58,807 6,171,060 Alan S. Lowe 54,599,845 306,826 77,079 6,171,060 Ian S. Small 44,747,666 10,178,916 57,168 6,171,060 Janet S. Wong 54,048,409 880,853 54,488 6,171,060”

Lumentum Holdings Inc. reported fiscal first quarter ended September 30, 2023 results: revenue $317.6 million, net income GAAP net loss of $67.9 million, or $1.02 per diluted share, EPS $(1.02) per diluted share.

“LUMENTUM ANNOUNCES FISCAL FIRST QUARTER 2024 FINANCIAL RESULTS • Net revenue of $ 317.6 million • GAAP gross margin of 24.1%; Non-GAAP gross margin of 34.9% • GAAP operating loss of 25.4%; Non-GAAP operating margin of 3.3% • GAAP diluted net loss per share of $1.02; Non-GAAP diluted net income per share of $0.35”

Lumentum Holdings Inc. completed an acquisition involving Cloud Light Technology Limited for approximately $750 million (closed 2023-11-07).

“Intelligence is driving data center compute capacity to its limits.” Under terms of the merger agreement, Lumentum acquired Cloud Light with a transaction value of approximately $750 million, before certain adjustments. The transaction consideration was paid in cash from Lumentum’s balance sheet and the assumption and substitution of outstanding unvested Cloud Light”

Lumentum Holdings Inc. reported first fiscal quarter of 2024 results: revenue approximately $317 million, EPS non-GAAP diluted earnings per share would be above the midpoint of the guidance range provided on August 17, 2023. Guidance reaffirmed.

“Lumentum reported that it expected that its first fiscal quarter of 2024 revenue would be approximately $317 million, above the midpoint of the guidance range provided on August 17, 2023, and non-GAAP diluted earnings per share would be above the midpoint of the guidance range provided on August 17, 2023.”

Lumentum Holdings Inc. entered into Agreement and Plan of Merger with Cloud Light Optoelectronics Limited valued at $750,000,000 (effective 2023-10-29).

“der the laws of the British Virgin Islands with company number 2132602 and whose registered office is located at 171 Main Street, Road Town, Tortola, British Virgin Islands, VG1110 and a direct or indirect wholly owned subsidiary of Acquiror (“ Merger Sub ”), Cloud Light Optoelectronics Limited, a BVI business company limited by shares incorporated under the laws of the British Virgin Islands with company number 2037335 and its registered office at Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands (“ Cloud Light ”), and Fortis Advisors LLC, a Delaware limited liability company, solely in its capacity as the agent for and on behalf of the Securityholders under the Agreement, entered into an Agreement and Plan of Merger (the “ Merger Agreement ”).”

Lumentum Holdings Inc. reported full year ended July 1, 2023 results: revenue $1,767.0 million, EPS $1.93 per diluted share.

“Net revenue for fiscal year 2023 was $1,767.0 million, with GAAP net loss of $131.6 million, or $1.93 per diluted share.”

Lumentum Holdings Inc. reported its fiscal fourth quarter ended July 1, 2023 results: revenue $370.8 million, EPS $0.88 per diluted share.

“Net revenue for the fiscal fourth quarter of 2023 was $370.8 million, with GAAP net loss of $60.2 million, or $0.88 per diluted share.”

Lumentum Holdings Inc. incurred convertible notes of $603.75 million aggregate principal amount with Goldman Sachs & Co. LLC, as representative of the Initial Purchasers at 1.50% per year maturing December 15, 2029.

“to purchase up to an additional $78.75 million aggregate principal amount of the Notes on the same terms and conditions, which was exercised in full on June 14, 2023. A total of $603.75 million aggregate principal amount of Notes were issued on June 16, 2023. The aggregate principal amount of the offering was increased from the previously announced offering size of $500”

Lumentum Holdings Inc. entered into Indenture with U.S. Bank Trust Company, National Association, as trustee (effective 2023-06-16).

“On June 16, 2023, the Company entered into an indenture relating to the issuance of the Notes (the “Indenture”), by and between the Company and U.S. Bank Trust Company, National Association, as trustee”

Lumentum Holdings Inc. entered into Purchase Agreement with Goldman Sachs & Co. LLC, as representative of the Initial Purchasers valued at $525 million aggregate principal amount of 1.50% Convertible Senior Notes due 2029 (effective 2023-06-13).

“On June 13, 2023, Lumentum Holdings Inc. (the “Company”) entered into a purchase agreement (the “Purchase Agreement”) with Goldman Sachs & Co. LLC, as representative of the Initial Purchasers named in Schedule I thereto (the “Initial Purchasers”), to issue and sell to the Initial Purchasers $525 million aggregate principal amount of 1.50% Convertible Senior Notes due 2029”

Lumentum Holdings Inc. reported fiscal third quarter ended April 1, 2023 results: revenue $383.4 million, net income $0.57 loss per diluted share.

“LUMENTUM ANNOUNCES FISCAL THIRD QUARTER 2023 FINANCIAL RESULTS • Net revenue of $383.4 million • GAAP gross margin of 29.2%; Non-GAAP gross margin of 40.8% • GAAP operating loss of 13.4%; Non-GAAP operating margin of 13.4% • GAAP diluted net loss per share of $0.57; Non-GAAP diluted net income per share of $0.75”

Lumentum Holdings Inc. updated its fiscal third quarter ended April 1, 2023 guidance (lowered).

“On April 5, 2023, Lumentum Holdings Inc. (the “Company”) issued a press release announcing selected preliminary financial results for its fiscal third quarter ended April 1, 2023.”

Pamela Fletcher was appointed as member of the Board at Lumentum Holdings Inc..

“On February 22, 2023, the board of directors (the “Board”) of Lumentum Holdings Inc. (the “Company”) appointed Pamela Fletcher to serve as a member of the Board, effective February 22, 2023.”

Lumentum Holdings Inc. reported fiscal second quarter ended December 31, 2022 results: revenue $506.0 million, net income $31.7 million, or $0.46 loss per diluted share, EPS $0.46 loss per diluted share.

“LUMENTUM ANNOUNCES FISCAL SECOND QUARTER 2023 FINANCIAL RESULTS • Net revenue of $506.0 million • GAAP gross margin of 32.8%; Non-GAAP gross margin of 44.9% • GAAP operating loss of 4.3%; Non-GAAP operating margin of 23.1% • GAAP diluted net loss per share of $0.46; Non-GAAP diluted net income per share of $1.52”

Lumentum Holdings Inc. shareholders approved To ratify the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the period ending July 1, 2023 at the 2022-11-16 meeting.

“(iv) To ratify the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the period ending July 1, 2023: For: Against: Abstentions: 60,430,940 61,693 84,595”

Lumentum Holdings Inc. shareholders approved To approve the Amended and Restated 2015 Equity Incentive Plan at the 2022-11-16 meeting.

“(iii) To approve the Amended and Restated 2015 Equity Incentive Plan: For: Against: Abstentions: Broker Non-Votes: 45,414,505 8,474,674 245,893 6,442,156”

Lumentum Holdings Inc. shareholders approved To approve, on a non-binding advisory basis, the compensation of the Company's named executive officers at the 2022-11-16 meeting.

“(ii) To approve, on a non-binding advisory basis, the compensation of the Company's named executive officers: For: Against: Abstentions: Broker Non-Votes: 44,375,448 9,468,727 290,897 6,442,156”

Lumentum Holdings Inc. shareholders approved Election of Directors at the 2022-11-16 meeting.

“(i) Election of Directors: Name For: Against: Abstentions: Broker Non-Votes: Harold L. Covert 53,825,349 263,865 45,858 6,442,156 Isaac H. Harris 53,555,685 536,779 42,608 6,442,156 Penelope A. Herscher 50,293,475 3,498,701 342,896 6,442,156 Julia S. Johnson 53,431,902 659,093 44,077 6,442,156 Brian J. Lillie 53,038,566 1,052,878 43,628 6,442,156 Alan S. Lowe 53,877,797 214,506 42,769 6,442,156 Ian S. Small 53,528,486 563,274 43,312 6,442,156 Janet S. Wong 53,690,641 402,346 42,085 6,442,156”

Lumentum Holdings Inc. reported fiscal first quarter ended October 1, 2022 results: revenue $506.8 million, net income GAAP net loss of $0.4 million, or $0.01 loss per diluted share, EPS $0.01 loss per diluted share.

“set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- NEWS RELEASE LUMENTUM ANNOUNCES FISCAL FIRST QUARTER 2023 FINANCIAL RESULTS • Net revenue of $506.8 million • GAAP gross margin of 39.7%; Non-GAAP gross margin of 48.2% • GAAP operating margin of 2.7%; Non-GAAP operating margin of 27.1% • GAAP diluted net loss per share of $0.01;”