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
Date of Report (Date of earliest event reported): June 8, 2007
IPG PHOTONICS CORPORATION
(Exact name of registrant as specified in its charter)
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Delaware
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001-33155 |
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04-3444218 |
(State or Other Jurisdiction
of Incorporation)
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(Commission File No.)
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(IRS Employer
Identification No.) |
50 Old Webster Road
Oxford, Massachusetts 01540
(Address of Principal Executive Offices, including Zip Code)
Registrants 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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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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 Companys 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 officers 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 Robert A. Blair, a member of the Companys Board of Directors, provides
for the sale of up to a total of 80,000 shares over a period of approximately five months
beginning July 9, 2007, 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 John H. Dalton, a member of the Companys Board of Directors, provides
for the sale of up to a total of 90,000 shares over a period of approximately six months
beginning July 16, 2007, 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 Companys Vice President-Telecommunications,
provides for the sale of up to a total of 70,000 shares over a period of approximately five
months beginning July 12, 2007, unless terminated sooner in
certain circumstances. Of these shares, 65,000 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 P. Leonard, Jr., the Companys Vice President of Operations,
provides for the sale of up to a total of 70,000 shares over a period of approximately seven
months beginning July 16, 2007, 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 Companys Vice President, Treasurer and Controller,
provides for the sale of up to a total of 30,000 shares over a period of approximately five
months beginning August 10, 2007, 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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