Company: IPGP
Filing Date: 2025-02-11
Form Type: 8-K
Source: 0001111928-25-000003
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Company: IPG PHOTONICS CORP
Filing Date: 2025-02-11
Form: 8-K
Item: Item 2.02
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Item 2.02. Results of Operations and Financial Condition

On February 11, 2025, IPG Photonics Corporation (the "Company") announced its financial results for the quarter ended December 31, 2024. The full text of the press release issued in connection with the announcement is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

In accordance with General Instruction B.2 of Form 8-K, the information in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1 referenced herein, shall not be deemed "filed" for purposes of Section 18 of the Securities Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 7, 2025, Thomas J. Burgomaster, Vice President, Corporate Controller and Chief Accounting Officer (including its Principal Accounting Officer) of the Company, informed the Company of his intention to retire from his position with the Company effective March 1, 2025.

On February 7, 2025, the Board of Directors (the "Board") of the Company appointed the Company's Vice President, Finance, Mary E. Buttarazzi, to assume the role of the Company's Vice President, Corporate Controller and Chief Accounting Officer (including its Principal Accounting Officer) effective upon Mr. Burgomaster’s retirement on March 1, 2025.

Ms. Buttarazzi, age 49, has over 25 years of finance and accounting leadership with extensive management experience. Prior to joining IPG as Vice President of Finance in January 2025, Ms. Buttarazzi served as the Chief Accounting Officer, Corporate Controller of Orbia Advance Corporation, S. A. B. de C. V., a chemical manufacturing company, from December 2021 to January 2025. From November 2019 to December 2021, Ms. Buttarazzi served as the Corporate Controller of Akamai Technologies, Inc., a leading cybersecurity and cloud computing solutions provider. Prior to that, Ms. Buttarazzi held