Company: IPGP
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001111928-25-000054
Chunk: 23

Company: IPG PHOTONICS CORP
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 23
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 as an alternative to term limits, non-employee directors should submit their resignation from the Board upon attaining the age of 72 and on each subsequent anniversary unless another arrangement is approved by the NCGC. The Board then considers the needs and circumstances confronting the Board and, upon recommendation of the NCGC, determines whether to accept or reject the resignation.                                                                                           
 •Our Board’s age resignation policy is intended to facilitate our Board’s recruitment of new directors with appropriate skills, experience and backgrounds and provides for an orderly transition of leadership on our Board, while also taking into consideration the importance of institutional knowledge and unique perspectives.                                                                                                                                                                                    |

27

#### Board Refreshment and Composition

#### Board Nomination Process
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| EVALUATION OFBOARD COMPOSITION                                                                                                                                                        |     |                                                                                                                IDENTIFICATION OF 
                                                                                                                          POOL OF 
                                                                                                                       CANDIDATES |     |                                                                                                    MEETINGS WITHPOTENTIALCANDIDATES |     |                                                                                                                  RECOMMENDATION OFPOTENTIAL DIRECTORSFOR APPROVAL |
| •The NCGC and the Board evaluate Board composition annually and identify skills, experience and capabilities desirable for new directors in light of the Company’s long-term strategy |     | •The NCGC identifies potential nominees through multiple sources, including third-party search firms and input from stakeholders |     | •Evaluation and assessment of candidate interest, minimum qualifications, conflicts, independence, background and other information 
                                             •Members of the NCGC, other Board members and executives meet with qualified candidates |     |                                                                                                     •NCGC recommends potential nominees to the Board for approval 
 •Stockholders vote on candidates nominated by the Board at the next annual meeting of stockholders or the Board appoints a nominee to the Board to fill a vacancy |

The NCGC’s evaluation process and criteria does not vary based upon whether a candidate is recommended by a stockholder. However, the procedural requirements set forth in our bylaws and the procedures described below in A dditional Information - 2025 Annual Meeting and Nominations must be met. All references to "NCGC" herein with respect to the identification, review and recommendation to the Board of individuals that such committee believes to be qualified to become Board members are fulfilled by the Nominating Subcommittee comprised solely of independent directors.

The composite skills of the Board members and the ability and willingness of individual Board members to complement each