COHR 8-K
Coherent Corp. (COHR)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 8.01 | Other Events. |
On November 20, 2025, Coherent Corp. (the “Company”) entered into a Waiver Agreement (the “Waiver Agreement”) with Bain Capital, as holder of the Company’s Series B-1 Convertible Preferred Stock, no par value per share (the “Series B-1 Preferred Stock”) and Series B-2 Convertible Preferred Stock, no par value per share (together with the Series B-1 Preferred Stock, the “Series B Preferred Stock”), whereby the holder irrevocably and unconditionally waived all and any rights held by such holder to receive dividends on any or all shares of the Series B Preferred Stock on or after the date thereof, pursuant to the terms set forth in the Company’s Statement with Respect to Shares for the Series B Preferred Stock.
While Bain Capital has sold a portion of its holdings and made charitable distributions, it retains a substantial ownership position in Coherent. The mutually agreed upon Waiver Agreement underscores Bain Capital’s commitment to support the Company’s strategic priorities and further aligns Bain Capital’s interests with those of common shareholders.
Steve Pagliuca, Senior Advisor and former Co-Chairman of Bain Capital stated, “Coherent represents a compelling long-term investment opportunity, supported by strong fundamentals, a clear strategic vision and an industry leading management team. We are proud of our partnership with the Company and excited about its outlook.”
Coherent views this agreement as a positive development that underscores a shared commitment to its success and strengthens alignment between the Company and one of its largest shareholders.
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SIGNATURE
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 Corp. | ||||||
| By: | /s/ Rob Beard | |||||
| Name: | Rob Beard | |||||
| Title: | Chief Legal and Global Affairs Officer | |||||
| Date: November 20, 2025 | ||||||
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