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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (date of earliest event reported):
August 20, 2020
COHERENT, INC.
(Exact name of registrant as specified in
its charter)
| Delaware |
|
001-33962 |
|
94-1622541 |
(State or other jurisdiction of
incorporation) |
|
(Commission File No.) |
|
(IRS Employer Identification
Number) |
5100 Patrick Henry Drive
Santa Clara, CA 95054
(Address of principal executive offices,
including zip code)
(408) 764-4000
(Registrant’s telephone number, including
area code)
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written communications pursuant
to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of
the Act:
| Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which
registered |
| Common Stock, $0.01 par value |
|
COHR |
|
The NASDAQ Stock Market LLC
Nasdaq Global Select Market |
Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities
Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth
company ¨
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with
any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers |
Retirement of Kevin Palatnik
On August 20, 2020, Coherent, Inc. (the “Company”)
and Kevin Palatnik, the Company’s Executive Vice President and Chief Financial Officer, entered into an agreement (the “Agreement”)
pursuant to which Mr. Palatnik will retire from the Company no later than February 28, 2021. The Agreement provides that
Mr. Palatnik will transition to a special advisor to the Company in connection with the appointment of his successor by the
Company’s Board of Directors. Under the Agreement, Mr. Palatnik will receive the “Change in Leadership Severance
Benefits” under the Company’s Change of Control and Leadership Change Severance Plan, subject to the requirements thereof
to provide an effective release.
The foregoing description
of the Agreement is a summary and is qualified in its entirety by the terms of the Agreement, a copy of which will be filed with
the Company’s Annual Report on Form 10-K for its fiscal year ending October 3, 2020.
On August 20, 2020, the Company issued a press release
announcing Mr. Palatnik’s retirement. The press release is attached hereto as Exhibit 99.1.
| Item 9.01. | Financial Statements and Exhibits |
(d) Exhibits
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
COHERENT, INC. |
| |
|
| Date: August 20, 2020 |
|
| |
By: |
/s/ Bret DiMarco |
| |
|
Bret DiMarco |
| |
|
Executive Vice President, General Counsel and Corporate Secretary |
