Coherent Corp.
Coherent Corp. Appoints Sherri R. Luther as New CFO
Summary
On October 11, 2024, Coherent Corp. appointed Sherri R. Luther as its new Chief Financial Officer (CFO) and Treasurer, replacing Richard J. Martucci. Luther, who brings over 30 years of financial and strategic experience, previously served as CFO of Lattice Semiconductor and held senior roles at Coherent Inc. Her compensation package includes an annual base salary of $625,000, potential annual bonuses, long-term incentives, a $500,000 sign-on bonus, and equity awards totaling $17.4 million. The appointment was announced via a press release furnished as Exhibit 99.1. The Offer Letter detailing her employment terms is furnished as Exhibit 10.1.
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Exhibits (2)
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About Coherent Corp.
Coherent Corp. is a prominent player in the photonics and laser technology industry, specializing in the development and manufacturing of optical and laser-based products. Its primary function involves providing advanced laser solutions and photonics technologies that are integral to a wide range of industrial, scientific, and commercial applications. Coherent Corp.’s products serve key sectors, including communications, industrial automation, semiconductor manufacturing, and healthcare, where precision laser systems and components are crucial. The company's laser technologies enable high-precision microelectronics manufacturing and have applications in medical devices, display technologies, and scientific research. Coherent Corp.'s role in the market is significant due to its innovative contributions to enhancing manufacturing efficiencies and facilitating technological advancements in industries that demand high-performance optical solutions. Headquartered in the United States, Coherent Corp. continues to influence the global photonics landscape, leveraging its expertise to advance technological capabilities and address complex industrial challenges.
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