Company: IPGP
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001111928-25-000023
Chunk: 103

Company: IPG PHOTONICS CORP
Filing Date: 2025-02-20
Form: 10-K
Item: Item 5
Chunk 103
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.78 $65.33 $74.90 $50.18 Russell 3000 Index$100.00 $118.82 $147.35 $117.17 $145.24 $177.40 S&P Composite 1500 - Electronic Equipment, Instruments & Components Index$100.00 $123.86 $160.00 $125.15 $150.70 $175.92 

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Table of Contents

Dividends

We do not anticipate paying cash dividends in the foreseeable future. Any future determination related to our dividend policy will be made at the discretion of our Board, taking into account any contractual and legal restrictions on our payment of dividends.

Recent Sales of Unregistered Securities; Use of Proceeds from Registered Securities

None.

Issuer Purchases of Equity Securities

The following table shows repurchases of our common stock in the fiscal quarter ended December 31, 2024:

DateTotal Number of Shares (or Units) Purchased (1)Average Price Paid per Share (or Unit)Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs (2)Maximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the Plans or ProgramsOctober 1, 2024 — October 31, 2024651,392 $75.68 651,392 $57,487 November 1, 2024 — November 30, 202491,234 83.14 90,020 50,000 December 1, 2024 — December 31, 2024— — — 50,000 Total742,626 $76.60 741,412 $50,000 

(1)Total number of shares (or units) purchased includes shares repurchased as part of publicly announced plans or programs and "withhold to cover" tax liabilities upon vesting of restricted stock awards. For the fourth quarter of 2024, a total of 1,214 shares were withheld to cover at an average price of $81.45.

(2)On February 13, 2024, we announced that our Board of Directors authorized the purchase of up to $300 million of IPG common stock (the "February 2024 authorization"), exclusive of any fees, commissions