UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. )
Filed by the Registrant þ
Filed by a Party other than the Registrant o
Check the appropriate box:
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Preliminary Proxy Statement |
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Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
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Definitive Proxy Statement |
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Definitive Additional Materials |
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Soliciting Material Pursuant to §240.14a-12 |
IPG PHOTONICS CORPORATION
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
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No fee required. |
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Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. |
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Per unit price or other underlying value of transaction computed pursuant to Exchange Act
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Fee paid previously with preliminary materials. |
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Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2)
and identify the filing for which the offsetting fee was paid previously. Identify the
previous filing by registration statement number, or the Form or Schedule and the date of its
filing. |
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Amount Previously Paid: |
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Form, Schedule or Registration Statement No.: |
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IPG
Photonics Corporation
50 Old Webster Road
Oxford, Massachusetts 01540
Dear IPG Photonics Stockholder:
We are writing to remind you that IPG Photonics Corporation (the
Company) will be holding its annual meeting of
stockholders on Tuesday, June 12, 2007 at
10:00 a.m. Eastern Time at our world headquarters at
50 Old Webster Road, Oxford, Massachusetts 01540. We previously
sent to our stockholders a Notice of 2007 Annual Meeting of
Stockholders and a Proxy Statement dated May 7, 2007 (the
Proxy Statement). We urge you to promptly vote
FOR each of the director nominees identified in the
Proxy Statement and to ratify the appointment of
Deloitte & Touche LLP as our independent registered
public accounting firm for 2007.
The time remaining to vote is short and your vote is very
important. Accordingly, whether or not you plan to attend the
annual meeting, we ask you to vote your shares if you have not
already done so or if you wish to change your vote. If you have
already returned your proxy card and do not wish to change your
vote, there is no need for you to do anything further at this
time. For your convenience, we have enclosed an additional proxy
card. There are three ways to vote your shares by proxy:
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Call the toll-free number listed on your proxy card;
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Visit the Internet site address listed on your proxy
card; or
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Complete, sign, date and return your proxy card by mail in the
envelope provided.
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The Proxy Statement is hereby amended as set forth below. There
are no other changes to the proxy statement. First, the
following disclosure is hereby added to the section titled
Certain Relationships and Related Party Transactions:
Transactions
with International Gull Corporation
International Gull Corporation (International Gull)
provides consulting services to us, including assistance in
opening and managing our operations in India, and acts as a
sales representative for us in India and Singapore. Consulting
fees and commissions and health insurance reimbursement amounts
paid to International Gull totaled $151,000 in 2006. We also
reimbursed International Gull $32,000 for expenses incurred
related to the performance of services to the Company. Verghese
Mammen, the owner of International Gull, is the father of
Timothy P.V. Mammen, our Chief Financial Officer. Timothy P.V.
Mammen has no economic interest in International Gull. Verghese
Mammen also serves as a director of our Indian subsidiary, for
which he receives no additional compensation.
Second, the following information is hereby added as the final
paragraph in the section titled Policies and Procedures
with Respect to Related Party Transactions:
The Audit Committee charter was adopted by the Board in February
2006. The related party transaction involving International Gull
was ratified and approved in June 2007.
Dated: June 5, 2007
Angelo P. Lopresti
Vice President, General Counsel and Secretary