Company: IPGP
Filing Date: 2025-04-07
Form Type: DEF 14A
Source: 0001111928-25-000054
Chunk: 16

Company: IPG PHOTONICS CORP
Filing Date: 2025-04-07
Form: DEF 14A
Chunk 16
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 Company’s reporting of ESG policies, metrics and related disclosures.

|                                                                          |     | BOARD OF DIRECTORS                                                                                                                                 |     |                                                                                                                                                                    |
|                                                                          |     | General oversight of ESG matters, with emphasis on directing the Company's strategy and setting its course for growth and CEO succession planning  |     |                                                                                                                                                                    |
| AUDIT                                                                    
 COMMITTEE                                                                |     | COMPENSATION                                                                                                                                       
 COMMITTEE                                                                                                                                          |     | NOMINATING AND CORPORATE                                                                                                                                           
 GOVERNANCE COMMITTEE                                                                                                                                               |
| Oversees risks related to financial processes and controls, disclosures, 
 financial risks and ethics                                               |     | Oversees strategies and policies related to non-CEO succession planning and management development, as well as the Company’s labor practices       |     | Recommends risk management allocation, including ESG matters, among Board and committees, Board composition, stakeholder engagement and management of supply chain |
|                                                                          |     | MANAGEMENT                                                                                                                                         |     |                                                                                                                                                                    |
|                                                                          |     | Responsible for the day-to-day management and execution of the Company's strategies and course for growth, including those relating to ESG matters |     |                                                                                                                                                                    |

### Role in Management Succession Planning
The Board is focused on ensuring that the Company has long-term succession and emergency plans in place for key senior executive positions. The entire Board annually reviews, with the CEO, the Company’s plan for succession for the position of the chief executive officer, including the appropriate individual or individuals who are candidates to succeed to this position. The Board, starting in late 2023, executed a CEO transition process that involved the engagement of an executive search firm, screening and qualification of possible candidates, consideration of outside and inside candidates, interviews with all directors, and the negotiation of the terms of employment. The process was lead by several independent directors on behalf of the entire Board. This planning and execution was evident with the smooth transfer of CEO responsibilities from the former CEO, Dr. Scherbakov to Dr. Gitin in June 2024. The Board continues to be involved with the CEO transition of Dr. Gitin, monitoring his integration into the Company, his activities and strategies.

In the event of an unexpected departure of the CEO, an emergency succession plan allows for smooth transfer of responsibilities to an individual who may or may not be permanently tasked with the new role. The Compensation Committee, composed entirely of independent directors, annually reviews the Company’s plan for succession for other senior executive officers. If the succession plan is triggered for any of these roles, the