Company: IPGP
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001111928-25-000023
Chunk: 136

Company: IPG PHOTONICS CORP
Filing Date: 2025-02-20
Form: 10-K
Item: Item 10
Chunk 136
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ITEM 10.    DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

The Company has an insider trading policy governing the purchase, sale and other dispositions of the Company’s securities that applies to all Company personnel, including directors, officers, employees, and other covered persons. The Company also follows procedures for the repurchase of its securities. The Company believes that its insider trading policy and repurchase procedures are reasonably designed to promote compliance with insider trading laws, rules and regulations, and listing standards applicable to the Company. A copy of the Company’s insider trading policy is filed as Exhibit 19.1 to this Form 10-K.

Our Board of Directors (the "Board") is comprised of eleven (11) members as of February 19, 2025:

NameAgePositionGregory Beecher67DirectorMichael Child 70DirectorJeanmarie Desmond58DirectorGregory Dougherty65DirectorMark Gitin, Ph.D.58Chief Executive Officer and DirectorKolleen Kennedy65DirectorEric Meurice68DirectorNatalia Pavlova46DirectorJohn Peeler70Director, Non-Executive ChairEugene Scherbakov, Ph.D.77DirectorAgnes Tang51Director

The following is biographical information of each of the directors and a summary of the respective directors’ skills and qualifications to serve on the Company’s Board of Directors.

GREG BEECHER.  Mr. Beecher joined IPG’s Board in January 2023.  Mr. Beecher previously served as a Vice President and Chief Financial Officer of Teradyne, Inc. ("Teradyne"), a supplier of automation equipment, from March 2001 to April 2019.  Prior to Teradyne, Mr. Beecher served as an Audit Partner at PricewaterhouseCoopers LLP, a provider of business advisory services, from September 1993 to March 2001. He served as a director of MKS Instruments, Inc., a process control instrumentation company, from 2006 to 2020.  He also served as a director of Hittite Microwave Corporation, a designer and manufacturer of high performance integrated circuits, modules, subsystems and instrumentation, from 2013 to 2014, and of MatrixOne, a product lifecycle management software provider, from 2003 to 2006, prior to their acquisitions by larger technology companies.  Mr. Beecher has served as a trustee on the Isabella Stewart Gardner Museum, an art museum, since 202