08/30/2024 | Press release | Distributed by Public on 08/30/2024 14:05
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 29, 2024, the Board of Directors of Coherent Corp. (the "Company") appointed James R. Anderson, the Company's Chief Executive Officer, to also serve as the Company's President, effective September 1, 2024, replacing Walter R. Bashaw II who, as previously announced, will resign from the Company as of September 6, 2024. Biographical information required by this Item 5.02 concerning Mr. Anderson is included in the Company's Current Report on Form 8-K, filed on June 3, 2024, announcing his appointment as Chief Executive Officer and a member of the Board of Directors of the Company, which information is incorporated herein by reference.
There are no arrangements or understandings between Mr. Anderson and any other persons pursuant to which Mr. Anderson was appointed President. Mr. Anderson does not have any family relationship with any of the Company's directors or executive officers or any persons nominated or chosen by the Company to be a director or executive officer. Mr. Anderson has no direct or indirect material interest in any transaction or proposed transaction required to be reported under Item 404(a) of Regulation S-K.Mr. Anderson did not enter into any material plan, contract or arrangement or any material amendment in connection with his appointment, nor was he provided with any grant or award or modification thereto, under any such plan, contract or arrangement in connection with his appointment.