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
June
12, 2008
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:
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o
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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))
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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 Denis Gapontsev, the Company’s Vice President of Research and
Development provides for the sale of up to a total of 60,000 shares over a
period of approximately nine months beginning July 12, 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
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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June 17,
2008
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By:
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/s/
Angelo P. Lopresti
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Angelo
P. Lopresti
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Vice
President, General Counsel and
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Secretary
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