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
December
3, 2007
Date
of Report (Date of earliest event reported)
IPG
PHOTONICS CORPORATION
(Exact
name of registrant as specified in its charter)
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Delaware
(State
or Other Jurisdiction
of
Incorporation)
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001-33155
(Commission
File No.)
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04-3444218
(IRS
Employer
Identification
No.)
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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 William Krupke, a member of the Company’s Board of Directors,
provides for the sale of up to a total of 99,600 shares over a period of
approximately twelve months beginning January 13, 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 Robert Blair, a member of the Company’s Board of Directors, provides
for the sale of up to a total of 100,000 shares over a period of approximately
seven months beginning January 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 Alexander Ovtchinnikov, the Company’s Vice President of Components,
provides for the sale of up to a total of 103,046 shares over a period of
approximately twelve months beginning January 15, 2008, unless terminated sooner
in certain circumstances. Some of the shares subject to the Plan 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.
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.
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IPG
PHOTONICS CORPORATION
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December
3, 2007
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By:
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/s/
Timothy P.V. Mammen
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Timothy
P.V. Mammen
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Vice
President and
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Chief
Financial Officer
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