Item 8.01 Other Events.
Certain directors and officers of IPG Photonics Corporation (the "Company")
adopt from time to time pre-arranged trading plans (each, a "Plan") designed to
comply with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended,
and the Company's policies regarding stock transactions. Under Rule 10b5-1,
directors, officers and other persons who are not in possession of material
non-public information may adopt a plan or contract for pre-arranged sales of
Company securities under specified conditions and at specified times. Using
these Plans, insiders can gradually diversify their investment portfolios,
spread stock trades out over an extended period of time to reduce market impact
and avoid concerns about transactions occurring at a time when they might
possess inside information.
The Plan adopted by Dr. Eugene A. Scherbakov, Director, Chief Operating Officer,
Managing Director of IPG Laser GmbH, and Senior Vice President of Europe,
provides for the sale of up to 3,000 shares, including shares acquired upon
exercise of stock options, over a period ending February 2021, unless terminated
sooner in certain circumstances. Shares will be sold under the Plan on the open
market at prevailing market prices, subject to minimum price thresholds.
The Company does not undertake to report Plans that may be adopted by any
directors, officers or affiliates of the Company in the future, or to report any
modification or termination of any Plan, except to the extent required by law.
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