AI English summary of an SEC filing — figures as filed

Coherent said it agreed with Chief Financial Officer and Treasurer Sherri R. Luther on November 14, 2024 to amend and restate the inducement PSU award agreement.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Nov 14, 2024Period of report Nov 14, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

Coherent said it agreed with Chief Financial Officer and Treasurer Sherri R. Luther on November 14, 2024 to amend and restate the inducement PSU award agreement.
The company said it changed the start date of the performance period measuring relative total shareholder return from October 11, 2024 to July 1, 2024, the first day of the current fiscal year.
The company said the change more closely aligns the inducement PSUs with the fiscal 2025 PSUs granted to other executive officers in August 2024. It said that apart from the performance period, the terms of the inducement PSUs remain as described in the 8-K filings.
The company said it granted restricted stock units and PSUs effective on Sherri R. Luther's start date of October 11, 2024, and that the awards were a material inducement for her to join as Chief Financial Officer and Treasurer.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Inducement PSU Agreement Amended (November 14, 2024)

Coherent said it agreed with Chief Financial Officer and Treasurer Sherri R. Luther on November 14, 2024 to amend and restate the inducement PSU award agreement.

Source · Based on the filing body and exhibits

Change to Relative Total Shareholder Return Performance Period Start Date

The company said it changed the start date of the performance period measuring relative total shareholder return from October 11, 2024 to July 1, 2024, the first day of the current fiscal year.

Source · Based on the filing body and exhibits

Reason for Change and Other Terms Unchanged

The company said the change more closely aligns the inducement PSUs with the fiscal 2025 PSUs granted to other executive officers in August 2024. It said that apart from the performance period, the terms of the inducement PSUs remain as described in the 8-K filings.

Source · Based on the filing body and exhibits

Inducement Award Background (October 11, 2024)

The company said it granted restricted stock units and PSUs effective on Sherri R. Luther's start date of October 11, 2024, and that the awards were a material inducement for her to join as Chief Financial Officer and Treasurer.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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