8-KLeadership Changes

COHERENT CORP. 8-K Report, Executive Changes (Aug 28, 2019)

Filed August 28, 2019For Securities:COHR

Summary

II-VI Incorporated (COHR) announced the appointment of Patricia Hatter as a new member of its Board of Directors, effective August 22, 2018. Ms. Hatter brings extensive experience in technology, cybersecurity, and operations, having held senior leadership positions at companies such as Palo Alto Networks, McAfee, and Intel. Her appointment is expected to enhance the Board's expertise, particularly in areas relevant to the company's strategic direction. Ms. Hatter has been deemed an independent director by the Board and will serve on the Corporate Governance and Nominating Committee. Her compensation will align with the company's standard arrangements for non-employee directors, including annual cash compensation and equity awards, prorated for the remainder of the fiscal year. The filing also confirms no related-party transactions or specific arrangements that require disclosure under SEC regulations.

Key Highlights

  • 1Appointment of Patricia Hatter to the Board of Directors.
  • 2Ms. Hatter is considered an independent director under Nasdaq listing standards.
  • 3Ms. Hatter will serve on the Corporate Governance and Nominating Committee.
  • 4Ms. Hatter has a strong background in technology, cybersecurity, and executive leadership roles at prominent companies.
  • 5Compensation for Ms. Hatter will follow the standard plan for non-employee directors, including cash and equity.
  • 6No disclosed related-party transactions or specific arrangements involving Ms. Hatter.

Frequently Asked Questions

Patricia Hatter has been elected to the Board of Directors of II-VI Incorporated. She is an independent director and will serve on the Corporate Governance and Nominating Committee. She brings a wealth of experience from senior leadership roles in technology and cybersecurity companies.

Ms. Hatter's appointment brings diverse and relevant expertise to the Board, particularly in cybersecurity and technology operations, which could be beneficial for the company's strategic decision-making and long-term growth. Her independence also aligns with good corporate governance practices.

Ms. Hatter will receive the company's standard compensation for non-employee directors, which includes annual cash compensation and eligibility for equity awards. Her compensation will be prorated for the remainder of the current fiscal year, and she will also receive expense reimbursement.

The filing states that there were no arrangements or understandings between Ms. Hatter and any other person concerning her selection as a director. Furthermore, there are no transactions required to be disclosed under Item 404(a) of Regulation S-K involving Ms. Hatter.