-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EVFw6JxflFgyIqGEGGhKooVDwQGD2aF3uR9ClIGOAa8/G2ljRp6XGAjj+R6btptj 58BoAVMoUJPOtw54dpCVBg== 0001111928-08-000030.txt : 20080317 0001111928-08-000030.hdr.sgml : 20080317 20080317165105 ACCESSION NUMBER: 0001111928-08-000030 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080317 ITEM INFORMATION: Other Events FILED AS OF DATE: 20080317 DATE AS OF CHANGE: 20080317 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IPG PHOTONICS CORP CENTRAL INDEX KEY: 0001111928 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 043444218 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33155 FILM NUMBER: 08693525 BUSINESS ADDRESS: STREET 1: 50 OLD WEBSTER ROAD CITY: OXFORD STATE: MA ZIP: 01540 BUSINESS PHONE: 5083731100 MAIL ADDRESS: STREET 1: 50 OLD WEBSTER ROAD CITY: OXFORD STATE: MA ZIP: 01540 8-K 1 form8-k.htm IPG PHOTONICS CORPORATION FORM 8-K 3-17-08 form8-k.htm


 

 
 
UNITED STATES
 SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K
CURRENT REPORT

 Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

March 3,  2008
 Date of Report (Date of earliest eventreported)

IPG PHOTONICS CORPORATION
(Exact name of registrant as specified in its charter)
 
 
 
 
 
Delaware
 (State or Other Jurisdiction
 of Incorporation)
 
001-33155
 (Commission File No.)
 
04-3444218
 (IRS Employer
 Identification No.)

50 Old Webster Road
 Oxford, Massachusetts 01540
 (Address of Principal Executive Offices, including Zip Code)

Registrant’s telephone number, including area code: (508) 373-1100

Not Applicable
 (Former Name or Former Address, if Changed Since Last Report)



Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))

□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
 
 

 

 
 



 ITEM 8.01 OTHER EVENTS

Certain directors and officers of IPG Photonics Corporation (the “Company”) adopted pre-arranged trading plans (each, a “Plan”) designed to comply with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, and the Company’s policies regarding stock transactions. Under Rule 10b5-1, directors, officers and other persons who are not in possession of material non-public information may adopt a plan or contract for pre-arranged sales of Company securities under specified conditions and at specified times. Using these Plans, insiders can gradually diversify their investment portfolios, spread stock trades out over an extended period of time to reduce market impact and avoid concerns about transactions occurring at a time when they might possess inside information.

The directors and officer who have adopted Plans have informed the Company that these stock sales are part of their individual programs for asset diversification.

The Plan adopted by John H. Dalton, a member of the Company’s Board of Directors, provides for the sale of up to a total of 150,000 shares over a period of approximately six months beginning April 3, 2008, unless terminated sooner in certain circumstances. Shares will be sold under the Plan on the open market at prevailing market prices, subject to minimum price thresholds.

The Plan adopted by Eugene Shcherbakov, a member of the Company’s Board of Directors, and the general manager of IPG Laser GmbH, provides for the sale of up to a total of 150,000 shares over a period of approximately six months beginning April 14, 2008, unless terminated sooner in certain circumstances. Shares will be sold under the Plan on the open market at prevailing market prices, subject to minimum price thresholds.

The Plan adopted by George BuAbbud, the Company’s Vice President-Telecommunications, provides for the sale of up to a total of 100,000 shares over a period of approximately eight months beginning April 7, 2008, unless terminated sooner in certain circumstances. Of these shares 100,000 shares will be acquired through the exercise of stock options.  Shares will be sold under the Plan on the open market at prevailing market prices, subject to minimum price thresholds.

The Plan adopted by Dennis Leonard, the Company’s Vice President of Operations, provides for the sale of up to a total of 43,667 shares over a period of approximately eight months beginning April 15, 2008, unless terminated sooner in certain circumstances.  All of these shares will be acquired through the exercise of stock options.  Shares will be sold under the Plan on the open market at prevailing market prices, subject to minimum price thresholds.

The Plan adopted by Paolo Sinni, the Company’s Vice President, Treasurer and Controller, provides for the sale of up to a total of 30,000 shares over a period of approximately eight months beginning April 10, 2008, unless terminated sooner in certain circumstances.  All of these shares will be acquired through the exercise of stock options.  Shares will be sold under the Plan on the open market at prevailing market prices, subject to minimum price thresholds.

The Company does not undertake to report Plans that may be adopted by any employees or directors of the Company in the future, or to report any modification or termination of any Plan, except to the extent required by law.



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 SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 
 
 
 
 
 
IPG PHOTONICS CORPORATION
  
 
March 17, 2008
By:  
 /s/ Timothy P.V. Mammen
 
 
 
Timothy P.V. Mammen
 
 
 
Chief Financial Officer and 
 
   
Vice President
  



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