Item 7.01 Regulation FD Disclosure.
On September 14, 2020, IPG Photonics Corporation (the "Company") detected a
ransomware attack impacting certain of its operational and information
technology systems. Promptly upon its detection of the attack, the Company
initiated response protocols, launched an investigation and engaged the services
of cybersecurity and forensics professionals. As of the date hereof, the Company
has recovered most of its critical operational data and business systems.
Although the Company is in the early stages of assessing the incident, based on
the information currently known, the Company does not expect the incident to
have a material impact on its business, operations or financial condition. The
Company carries insurance, including cyber insurance, which it believes to be
commensurate with its size and the nature of its operations.
The information in this Item 7.01 shall not be deemed "filed" for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), or otherwise subject to the liabilities of that Section, nor shall it be
deemed incorporated by reference in any registration statement or other filing
under the Securities Act of 1933, as amended, or the Exchange Act, except in the
event that the Company expressly states that such information is to be
considered "filed" under the Exchange Act or incorporates it by specific
reference in such filing.
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