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COHERENT CORP. 8-K Report, Executive Changes (Feb 18, 2022)

Reports
Leadership Changes
Filing Date
Filed February 18, 2022
Period End
February 17, 2022
Security
COHR
In the record · 2016–202610-K1110-Q338-K195

COHR filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 195 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Mar ’19Mar ’19
  2. Leadership change8-K · Mar ’21Mar ’21
  3. Leadership change8-K · Aug ’26Aug ’26

01—Abstract

Summary

Summary of the 8-K filed February 18, 2022. Cited figures are marked; the original filing is the authoritative source.

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.

02—Key points

Key Highlights

  1. Director Resignation: Rear Admiral Marc Y.E. Pelaez (Retired) has resigned from the Board of Directors.
  2. Mandatory Retirement Policy: The resignation is in accordance with the company's mandatory retirement policy for directors.
  3. Effective Date: The resignation is effective February 18, 2022.
  4. No Disagreements: The company is not aware of any disagreements with the departing director regarding company operations, policies, or practices.
  5. Committee Changes: The resignation includes stepping down from all committees of the Board.
  6. No Impact on Operations: The filing suggests a routine board refreshment process rather than a governance issue.

03—Questions

Frequently Asked Questions

  1. Why did Rear Admiral Pelaez resign from the Board?

    Rear Admiral Pelaez resigned due to the company's mandatory retirement policy for directors, which is part of its Corporate Governance Guidelines.

  2. Were there any disagreements that led to this resignation?

    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.

  3. Does this resignation indicate any underlying issues with the company?

    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.

  4. When was the resignation effective?

    The resignation was effective February 18, 2022.

04—Continue

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