Summary
This 8-K filing from II-VI Incorporated (now Coherent Corp.) reports a change in its Board of Directors. Rear Admiral Marc Y.E. Pelaez (Retired) has resigned from the Board and its committees, effective February 18, 2022. This departure is attributed to the company's mandatory retirement policy for directors, as outlined in its Corporate Governance Guidelines. Importantly, the filing states that to the company's knowledge, there were no disagreements between Rear Admiral Pelaez and the company regarding its operations, policies, or practices that led to this resignation.
Key Highlights
- 1Director Resignation: Rear Admiral Marc Y.E. Pelaez (Retired) has resigned from the Board of Directors.
- 2Mandatory Retirement Policy: The resignation is in accordance with the company's mandatory retirement policy for directors.
- 3Effective Date: The resignation is effective February 18, 2022.
- 4No Disagreements: The company is not aware of any disagreements with the departing director regarding company operations, policies, or practices.
- 5Committee Changes: The resignation includes stepping down from all committees of the Board.
- 6No Impact on Operations: The filing suggests a routine board refreshment process rather than a governance issue.
Frequently Asked Questions
Rear Admiral Pelaez resigned due to the company's mandatory retirement policy for directors, which is part of its Corporate Governance Guidelines.
According to the filing, to the company's knowledge, there were no disagreements between Rear Admiral Pelaez and the company on any matters relating to its operations, policies, or practices.
The filing explicitly states the resignation is due to a mandatory retirement policy and absence of disagreements, suggesting it is a routine board refreshment rather than an indicator of internal issues.
The resignation was effective February 18, 2022.