8-KOther EventsExhibits & Filings

COHERENT CORP. 8-K Report, Corporate Update (Jun 29, 2020)

Filed June 29, 2020For Securities:COHR

Summary

Coherent Corp. (formerly II-VI Incorporated) filed an 8-K on June 29, 2020, primarily to provide updated unaudited pro forma condensed combined financial statements. These statements reflect the acquisition of Finisar Corporation, which closed on September 24, 2019, and related financing. The updated pro forma information supersedes any conflicting disclosures from a prior 8-K filed on December 9, 2019. The company emphasizes that these are for informational purposes only and are not indicative of future results or what the combined company's performance would have been if the acquisition had occurred earlier. Investors should view this filing as a supplementary disclosure to understand the financial implications of the Finisar acquisition on a pro forma basis. The core purpose of this filing is to present a more current financial picture of the combined entity following the significant Finisar acquisition. While not actual historical results, these pro forma statements offer insight into the potential scale and financial structure of the merged company. Investors should use this information to assess the integration's financial impact and to better understand the baseline from which the company's future performance will be measured. It's crucial to remember that actual results may differ materially from these projections.

Key Highlights

  • 1Filing of updated unaudited pro forma condensed combined statements of operations related to the Finisar acquisition.
  • 2Pro forma information reflects the acquisition of Finisar by II-VI Incorporated (now Coherent Corp.) on September 24, 2019, and associated financing.
  • 3This updated pro forma information supersedes previous disclosures made in the December 9, 2019, 8-K filing.
  • 4The pro forma adjustments are presented for informational purposes only.
  • 5The provided information is not intended to represent what the combined company's financial condition or results of operations would have been historically.
  • 6The pro forma statements do not project future financial performance; actual results may differ significantly.
  • 7The updated pro forma financial information is filed as Exhibit 99.1 to this 8-K.

Frequently Asked Questions

The main purpose of this 8-K filing is to provide investors with updated unaudited pro forma condensed combined financial statements. These statements show the combined financial picture of Coherent Corp. (formerly II-VI Incorporated) and Finisar Corporation after the acquisition of Finisar.

The pro forma financial information specifically relates to the acquisition of Finisar Corporation by II-VI Incorporated, which was completed on September 24, 2019, and the related financing transactions.

No, the pro forma financial information is not intended to represent or be indicative of what the combined company's financial condition or results of operations would have been if the acquisition had occurred at an earlier date. It is presented for informational purposes only, and actual future results may differ significantly.

This filing updates and supplements the pro forma financial information previously disclosed in the company's 8-K filed on December 9, 2019. Where information in this filing differs from or updates the prior filing, the information in this report supersedes or supplements the older information.