8-KLeadership Changes

COHERENT CORP. 8-K Report, Executive Changes (Aug 30, 2024)

Filed August 30, 2024For Securities:COHR

Summary

Coherent Corp. announced a significant leadership change, appointing current Chief Executive Officer James R. Anderson to also assume the role of President, effective September 1, 2024. This move follows the previously announced resignation of Walter R. Bashaw II from the presidency, scheduled for September 6, 2024. Mr. Anderson's expanded responsibilities are effective immediately upon his presidential appointment, consolidating key executive leadership under a single individual. The company also confirmed that Mr. Anderson's appointment is routine and does not involve any new compensatory arrangements or material agreements related to this dual role. His qualifications and background as CEO, previously disclosed in a June 3, 2024 8-K filing, are incorporated by reference. Investors should monitor how this consolidation of leadership impacts strategic execution and operational efficiency moving forward.

Key Highlights

  • 1James R. Anderson, currently CEO, appointed as President, effective September 1, 2024.
  • 2Walter R. Bashaw II resigns as President on September 6, 2024.
  • 3Consolidation of CEO and President roles under James R. Anderson.
  • 4No new compensatory arrangements or material amendments for Mr. Anderson related to this appointment.
  • 5Biographical information for Mr. Anderson incorporated by reference from a prior filing.
  • 6No undisclosed arrangements or family relationships impacting the appointment.

Frequently Asked Questions

The appointment of James R. Anderson as President, in addition to his role as CEO, is to fill the vacancy left by the upcoming resignation of Walter R. Bashaw II. This consolidates top executive leadership.

According to the filing, Mr. Anderson did not enter into any material plan, contract, or arrangement, nor was he provided with any grant or award modification in connection with his appointment as President. This suggests no immediate change in compensation related to this role.

Walter R. Bashaw II's resignation from the Company is effective as of September 6, 2024.

This filing incorporates by reference Mr. Anderson's biographical information from Coherent Corp.'s Current Report on Form 8-K filed on June 3, 2024, which announced his appointment as CEO.