IPG PHOTONICS CORPORATION (NASDAQ:IPGP) Files An 8-K Results of Operations and Financial Condition

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IPG PHOTONICS CORPORATION (NASDAQ:IPGP) Files An 8-K Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition

On February 14, 2017, IPG Photonics Corporation (the “Company”)
announced its financial results for the fourth quarter ended
December 31, 2016. The full text of the press release issued in
connection with the announcement is furnished as Exhibit 99.1 to
this Current Report on Form 8-K.
The information on this Current Report on Form 8-K (including
Exhibit 99.1) shall not be deemed “filed” for purposes of Section
18 of the Securities Act of 1934, as amended (the “Exchange
Act”), or otherwise subject to the liabilities of that Section,
nor shall it be deemed incorporated by reference in any filing by
the Company under the Securities Act of 1933, as amended, or the
Exchange Act, except as expressly set forth by specific reference
in such a filing.
Item 5.02. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers
The Board of Directors of IPG Photonics Corporation (the
“Company”) appointed Managing Director, IPG Laser GmbH and Senior
Vice President, Europe and member of the Company’s Board of
Directors Eugene Scherbakov, Ph.D. to serve in the newly created
position of Chief Operating Officer, effective February 14, 2017.
Dr. Scherbakov will continue to report to Dr. Valentin Gapontsev,
IPG Photonics Chairman and Chief Executive Officer.
Dr. Scherbakov, age 69, has served as Managing Director of IPG
Laser GmbH, IPG’s German subsidiary, since August 2000 and Senior
Vice President, Europe since February 2013. Before he was Technical
Director of IPG Laser GmbH from 1995 to August 2000. From 1983 to
1995, Dr. Scherbakov was a senior scientist in nonlinear and fiber
optics and head of the optical communications laboratory at the
General Physics Institute, Russian Academy of Science in Moscow.
A copy of the press release is being furnished as Exhibit 99.2 to
this Form 8-K and is incorporated herein by reference in its
entirety.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
Exhibit 99.1 relating to Item 2.02 shall be deemed to be furnished,
and not filed:

99.1
Press Release issued by IPG Photonics Corporation on
February 14, 2017 announcing its financial results for
the fourth quarter ended December 31, 2016.
99.2
Press Release issued by IPG Photonics Corporation on
February 14, 2017 announcing appointment of Dr. Eugene
Scherbakov as Chief Operating Officer.


About IPG PHOTONICS CORPORATION (NASDAQ:IPGP)

IPG Photonics Corporation is engaged in the design, development, production and distribution of fiber lasers, laser systems, fiber amplifiers and related optical components. The Company offers a line of lasers and amplifiers, which are used in materials processing, advanced communications and medical applications. The Company sells its products globally to original equipment manufacturers (OEMs), system integrators and end users. The Company has sales offices in the United States, Germany, Russia, Italy, Turkey, the United Kingdom, France, Spain, Poland, Czech Republic, China, Japan, South Korea, Singapore and India. The Company’s manufacturing facilities are located in the United States, Germany and Russia. The Company also manufactures complementary products used with its lasers, including optical delivery cables, fiber couplers, beam switches, optical processing heads and chillers. In addition, the Company offers laser-based systems for certain markets and applications.

IPG PHOTONICS CORPORATION (NASDAQ:IPGP) Recent Trading Information

IPG PHOTONICS CORPORATION (NASDAQ:IPGP) closed its last trading session up +0.94 at 117.02 with 633,986 shares trading hands.