8-KLeadership ChangesShareholder MattersExhibits & Filings

COHERENT CORP. 8-K Report, Executive Changes (Nov 9, 2010)

Filed November 9, 2010For Securities:COHR

Summary

II-VI Incorporated (now Coherent Corp.) filed this Form 8-K on November 9, 2010, to report on two primary events. Firstly, it announced the upcoming retirement of Herman E. Reedy, Executive Vice President – Infrared Optics, effective December 31, 2010. While not a drastic change, this signifies a leadership transition within a key operational area. Secondly, the report details the outcomes of the Company's 2010 annual meeting of stockholders held on November 5, 2010. Key among these outcomes was the election of Peter W. Sognefest and Francis J. Kramer as Class Two Directors, who will serve until the 2013 annual meeting. Investors will note the significant 'For' votes for both directors, indicating shareholder confidence. Additionally, shareholders ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for fiscal year 2011, a routine but important decision for financial oversight.

Key Highlights

  • 1Announcement of the retirement of Herman E. Reedy, Executive Vice President – Infrared Optics, effective December 31, 2010.
  • 2Peter W. Sognefest elected as a Class Two Director, serving until the 2013 annual meeting.
  • 3Francis J. Kramer elected as a Class Two Director, serving until the 2013 annual meeting.
  • 4Strong shareholder support indicated by high 'For' votes for both newly elected directors.
  • 5Ratification of Ernst & Young LLP as the independent registered public accounting firm for fiscal year ending June 30, 2011.
  • 6Significant portion of outstanding shares represented at the annual meeting (approximately 93.5%).

Frequently Asked Questions

Peter W. Sognefest and Francis J. Kramer were elected as Class Two Directors at the 2010 annual meeting of stockholders.

Herman E. Reedy, Executive Vice President – Infrared Optics, will retire from his day-to-day responsibilities effective December 31, 2010.

Yes, shareholders ratified the selection of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ended June 30, 2011.

A total of 28,878,884 shares were present in person or by proxy out of 30,919,359 outstanding shares, representing approximately 93.5% of the voting power.