8-K/AExhibits & Filings

COHERENT CORP. 8-K/A Report, Exhibit Filing (Nov 20, 2013)

Filed November 20, 2013For Securities:COHR

Summary

This filing is an amendment (8-K/A) to a previous 8-K filed by II-VI Incorporated (now Coherent Corp.) on September 12, 2013. The primary purpose of this amendment is to provide crucial financial information related to the acquisition of Oclaro Switzerland GmbH and certain assets of Oclaro Technology LTD. (collectively, the 'Business'). This acquisition, which closed earlier, involved II-VI's wholly-owned subsidiary, II-VI Holdings B.V. Investors should pay close attention to the newly provided financial statements. These include audited combined abbreviated financial statements for the acquired semiconductor laser business of Oclaro for the twelve months ended June 29, 2013. Additionally, the filing includes unaudited pro forma condensed combined financial statements for II-VI Incorporated as of June 30, 2013, and for the year then ended. These pro forma statements present a combined view, reflecting the impact of the acquisition on II-VI's financial position and results of operations, offering a clearer picture of the combined entity's potential performance post-acquisition.

Key Highlights

  • 1Amendment to a previous 8-K filing by II-VI Incorporated, dated November 20, 2013.
  • 2Provides financial information required by Item 9.01 of Form 8-K related to an acquired business.
  • 3Includes audited combined abbreviated financial statements for the semiconductor laser business of Oclaro, Inc. for the twelve months ended June 29, 2013.
  • 4Presents unaudited Pro Forma Condensed Combined Financial Statements for II-VI Incorporated as of and for the year ended June 30, 2013.
  • 5The acquired business consists of Oclaro Switzerland GmbH and certain assets from Oclaro Technology LTD.
  • 6The acquisition was completed through II-VI's wholly-owned subsidiary, II-VI Holdings B.V.
  • 7Includes consent from Oclaro, Inc.'s independent auditors, Grant Thornton LLP.

Frequently Asked Questions

The main purpose of this amended 8-K filing is to provide the financial statements and related disclosures required for the acquisition of the semiconductor laser business of Oclaro, Inc., which was previously announced on September 12, 2013. This includes audited financial statements of the acquired business and pro forma financial information for II-VI Incorporated.

The filing includes audited combined abbreviated financial statements of the acquired Oclaro semiconductor laser business for the twelve months ended June 29, 2013. It also includes unaudited pro forma condensed combined financial statements for II-VI Incorporated, showing the combined entity's financial position as of June 30, 2013, and its results of operations for the year ended June 30, 2013.

II-VI Incorporated, through its subsidiary II-VI Holdings B.V., acquired all the issued and outstanding shares of capital stock of Oclaro Switzerland GmbH and certain assets from Oclaro Technology LTD. that were used in their semiconductor laser business.

Pro forma financial statements are important because they present a hypothetical combined financial picture of II-VI Incorporated and the acquired Oclaro business. This helps investors understand the potential impact of the acquisition on the company's financial performance and position, as if the transaction had occurred at an earlier date.