Coherent Corp. management check
COHR · Information Technology · Electronic Components · CEO James R. Anderson
Filings as of
3 good · 2 to watch · 2 flagged, across the seven questions below.
- Good
Have owners done well?
Beat its chosen peers$100 invested at the start of fiscal 2024 grew to $543, against $315 for the peer group the company picked itself.
- Good
Does pay follow performance?
Pay rose and fell with returnsOver 3 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.99 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Flag
What does the CEO cost owners?
3.6% of net income$28.3m of reported pay in fiscal 2026, against $787.0m of net income.
- Watch
Do they own the stock?
CEO stake ≈ 2.1 years of payThe CEO holds 197,245 shares, directly or through trusts (unvested awards not counted): about 2.1 years of pay. 7 insiders sold $9.9m in the last six months and none bought. 7 of 14 sales ran on pre-arranged 10b5-1 plans.
- Flag
Are owners being diluted?
Share count growingDiluted shares changed +6.1% a year over the last three fiscal years. Stock-based pay was 2.8% of revenue in the latest year.
- Watch
Is leadership stable?
13 leadership filings in 3 yearsCEO in the pay table: James R. Anderson. 13 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Information Technology.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 100 | 33 | |
| Pay for performance | 99 | 87 | |
| CEO cost | 4 | 35 | |
| Skin in the game | 31 | 47 | |
| Dilution | 0 | 56 | |
| Stable leadership | 60 | 85 | |
| Clean books | 100 | 100 |
Closest peers
Others in Electronic Components, by management score. Coherent Corp. is 49th of 73 in its sector.
- 36APHAmphenol83
- 177GLWCorning Inc.71
- 364FFIVF5, Inc.57
- 371COHRCoherent Corp.56
- 373TXNTexas Instruments56
- 378CRWDCrowdStrike56
Pay versus performance
From the proxy statement filed October 9, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2026 | James R. Anderson | $28.3m | $713.5m | $6.3m | $543 | $315 | $787.0m |
| 2025 | — | $3.7m | $34.5m | $12.1m | $123 | $112 | $30.0m |
| 2024 | — | $101.5m | $108.4m | $2.5m | $100 | $95 | −$159.0m |
The board says pay is tied most to AdjustedEBITDA. Its other key measures: Adjusted EBITDA, Operating Cash Flow, Relative TSR, Revenue.
Insiders and the CEO's stake
James Robert Anderson (CEO) held 197,245 shares directly after their latest Form 4 on Aug 28, 2026, roughly $58.3m at that filing's price.
7 insiders sold $9.9m in the last six months and none bought. 7 of 14 sales ran on pre-arranged 10b5-1 plans.
- SoldJulie Sheridan EngChief Technology Officer · 10b5-1 plan$3.6mSep 1, 2026
- SoldEnrico DigirolomoDirector$2.3mSep 11, 2026
- SoldSherri R LutherChief Financial Officer · 10b5-1 plan$2.0mAug 18, 2026
- SoldHoward H. XiaDirector$709kMay 11, 2026
Leadership and governance on file
- Aug 31, 2026Leadership change8-K 5.02
- Apr 28, 2026Leadership change8-K 5.02
- Nov 18, 2024Leadership change8-K 5.02
- Nov 14, 2024Leadership change8-K 5.02
- Oct 22, 2024Leadership change8-K 5.02
- Oct 16, 2024Leadership change8-K 5.02
- Oct 11, 2024Leadership change8-K 5.02
- Aug 30, 2024Leadership change8-K 5.02
- Aug 8, 2024Leadership change8-K 5.02
- Jun 6, 2024Leadership change8-K 5.02
- Jun 3, 2024Leadership change8-K 5.02
- Feb 20, 2024Leadership change8-K 5.02
Latest shareholder vote results: Nov 17, 2025, including the say-on-pay vote.
Where the money went
Over 2021–2025: $0 returned to owners in buybacks and dividends, 0% of net income, and $579.3m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $3.1bn | $3.3bn | $5.2bn | $4.7bn | $5.8bn |
| Net income | $297.6m | $235.0m | −$259.0m | −$159.0m | $30.0m |
| Stock-based pay | $71.0m | $73.2m | $148.9m | $126.0m | $160.2m |
| Buybacks | $0 | $0 | — | — | — |
| Dividends | — | — | — | — | — |
| Diluted shares | 115m | 117m | 138m | 152m | 155m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.