Company: IPGP
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001111928-25-000054
Chunk: 29

Company: IPG PHOTONICS CORP
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 29
---
 to read the entire Compensation Discussion and Analysis section of this Proxy Statement and the compensation tables and narrative disclosures that follow for additional details about our 2024 executive compensation program for our NEOs.

As an advisory vote, the results of this vote will not be binding upon the Board or the Company. However, the Compensation Committee and the Board value the opinions expressed by our stockholders on this proposal and will consider the outcome of the vote when making future decisions on the compensation of our NEOs.

Thus, the Company is submitting to stockholders the following resolution for their consideration and approval:

RESOLVED , that the stockholders approve, on an advisory basis, the compensation of the Company’s Named Executive Officers as disclosed in this Proxy Statement pursuant to the compensation disclosure rules of the Securities and Exchange Commission (including in the Compensation Discussion and Analysis, the accompanying compensation tables and related narrative).

| The Board recommends that you voteFORapproval of our executive compensation. |

32 NOTICE OF 2025 ANNUAL MEETING AND PROXY STATEMENT

| Compensation Discussion and Analysis |

### Executive Overview
This Compensation Discussion and Analysis provides a review of our executive compensation philosophy and program, and Compensation Committee decisions for fiscal year 2024. The discussion in this section focuses on the compensation of the NEOs for fiscal year 2024, who were:

| MARK GITIN, PH.D.             |     | Chief Executive Officer (beginning June 5, 2024)                                    |
|:------------------------------|:----|:------------------------------------------------------------------------------------|
| TIMOTHY MAMMEN                |     | Senior Vice President and Chief Financial Officer                                   |
| TREVOR NESS                   |     | Senior Vice President, Sales and Strategic Business Development                     |
| ANGELO LOPRESTI               |     | Senior Vice President, General Counsel and Secretary                                |
| IGOR SAMARTSEV, PH.D.         |     | Senior Vice President, Chief Scientist                                              |
| EUGENE SCHERBAKOV, PH.D.      |     | Former Chief Executive Officer (through June 4, 2024)                               |
| ALEXANDER OVTCHINNIKOV, PH.D. |     | Former Senior Vice President, Chief Technology Officer (through September 15, 2024) |

Detailed bios of our executive officers are included in Item 1 of the Annual Report.

#### Leadership Transition
As the culmination of an orderly and thorough succession planning process led by our independent directors, our Board of Directors appointed Dr. Mark Gitin