Coherent shareholders elect five directors, approve Omnibus Incentive Plan amendment
At its November 14, 2024 annual meeting, Coherent's shareholders elected five Class One directors to serve until the 2027 annual meeting and approved an amendment and restatement of the Omnibus Incentive Plan, mainly to add shares available for awards. Shareholders also approved executive pay on an advisory basis and ratified Ernst & Young LLP as the independent auditor for fiscal 2025, though the director and say-on-pay votes show notable opposition.
Key points
- Five Class One directors elected to serve until the 2027 annual meeting; Howard H. Xia received 805,826 votes for and 5,476,237 against
- Plan amendment approved with 147,817,008 votes for and 7,935,945 against, per the filing
- Advisory say-on-pay vote on fiscal 2024 executive compensation: 81,584,439 for and 73,548,187 against
- Ernst & Young LLP ratified for fiscal year ending June 30, 2025, with 161,563,096 votes for
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 15, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.