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Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table

Pay Versus Performance Disclosure

In accordance with rules adopted by the SEC pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following disclosure regarding executive compensation for our principal executive officer (“PEO”) and the named executive officers, other than the PEO (“Non-PEO NEOs”), and Company performance for the fiscal years listed below.

 

 

 

 

 

 

 

 

 

 

 

Value of Initial Fixed $100 Investment Based on: (4)

 

 

 

 

Fiscal Year

 

Summary
Compensation
Table Total
for Frank H.
Laukien,
Ph.D.(1) ($)

 

Compensation
Actually Paid
to Frank H.
Laukien,
Ph.D. (1),(2),(3) ($)

 

Average Summary
Compensation
Table Total for
Non-PEO
NEOs (1) ($)

 

Average
Compensation
Actually Paid
to Non-PEO
NEOs (1),(2),(3) ($)

 

Total
Shareholder
Return ($)

 

Peer Group
Total
Shareholder
Return ($)

 

Net (Loss)
Income ($ Millions)

 

Non-
GAAP
Diluted
EPS (5)

2025

 

4,706,388

 

3,504,786

 

1,757,938

 

1,307,313

 

88.45

 

67.66

 

(8.3)

 

$1.83

2024

 

5,527,304

 

3,201,715

 

2,078,122

 

1,405,604

 

109.52

 

70.22

 

113.8

 

$2.41

2023

 

5,858,761

 

6,267,895

 

2,010,151

 

2,049,408

 

136.88

 

74.68

 

428.5

 

$2.58

2022

 

5,057,195

 

1,862,866

 

1,707,689

 

791,613

 

126.95

 

84.24

 

298.5

 

$2.34

2021

 

5,594,539

 

14,300,157

 

1,966,675

 

3,821,804

 

155.36

 

126.33

 

280.6

 

$2.10

 

(1)
Frank H. Laukien, Ph.D. was our PEO for each year presented. Gerald N. Herman, Mark R. Munch, Ph.D., Juergen W. Srega and Falko Busse, Ph.D. were the Non-PEO NEOs for each year presented.
(2)
The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below. The 2023 and 2024 Average Summary Compensation Table totals for Non-PEO NEOs were revised due to a correction to Falko Busse’s compensation for those years. The corresponding Average Compensation Actually Paid totals for Non-PEO NEOs for 2023 and 2024 have also been revised accordingly.
(3)
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards and Option Awards column are the totals from the Stock Awards and Option Awards columns set forth in the Summary Compensation Table. Amounts in the "Average Exclusion of Change in Pension Value for Non-PEO NEOs" column reflect the amounts attributable to the Change in Pension Value reported in the “Change in Pension Value and Non-Qualified Deferred Compensation Earnings” column presented in the Summary Compensation Table. Amounts in the "Average Inclusion of Pension Service Cost for Non-PEO NEOs" are based on the service cost for services rendered during the listed year and amounts in the "Average Inclusion for Prior Service Cost for Non-PEO NEOs" are based on the cost of pension benefits resulting from a plan amendment or initiation during 2025.

 

Fiscal Year

 

Summary Compensation
Table Total for Frank H.
Laukien, Ph.D. ($)

 

Exclusion of Stock
Awards and Option
Awards for Frank H.
Laukien, Ph.D. ($)

 

Inclusion of Equity Values
for Frank H. Laukien,
Ph.D. ($)

 

Compensation Actually
Paid to Frank H. Laukien,
Ph.D. ($)

2025

 

4,706,388

 

(3,111,516)

 

1,909,914

 

3,504,786

 

Fiscal Year

 

Average Summary
Compensation
Table Total for
Non-PEO NEOs ($)

 

Average Exclusion of Change in Pension Value for Non-PEO NEOs ($)

 

Average Exclusion
of Stock Awards
and Option Awards
for Non-PEO
NEOs ($)

 

Average Inclusion
of Pension
Service Cost for
Non-PEO
NEOs ($)

 

Average Inclusion
of Equity Values
for Non-PEO
NEOs ($)

 

Average
Compensation
Actually Paid to
Non-PEO NEOs ($)

2025

 

1,757,938

 

(45,725)

 

(813,835)

 

40,681

 

368,254

 

1,307,313

2024

 

2,078,122

 

(98,700)

 

(933,343)

 

30,786

 

328,739

 

1,405,604

2023

 

2,010,151

 

(73,044)

 

(800,838)

 

38,716

 

874,423

 

2,049,408

 

The amounts in the Inclusion of Equity Values columns in the tables above are derived from the amounts set forth in the following tables:

 

Fiscal Year

 

Year-End Fair Value of
Equity Awards Granted
During Year That
Remained Unvested
as of Last Day of Year
for Frank H. Laukien,
Ph.D. ($)

 

Change in Fair Value
from Last Day of Prior
Year to Last Day of Year
of Unvested Equity
Awards for Frank
H. Laukien, Ph.D. ($)

 

Change in Fair Value
from Last Day of Prior
Year to Vesting Date
of Unvested Equity
Awards that Vested
During Year for Frank
H. Laukien, Ph.D. ($)

 

Total - Inclusion of
Equity Values for
Frank H. Laukien,
Ph.D. ($)

2025

 

4,843,129

 

(1,380,526)

 

(1,552,689)

 

1,909,914

2024

 

3,195,863

 

(1,324,022)

 

(859,372)

 

1,012,469

2023

 

3,820,311

 

289,562

 

(374,319)

 

3,735,554

2022

 

3,791,720

 

(1,634,164)

 

(2,110,487)

 

47,069

2021

 

3,414,084

 

4,953,463

 

3,496,660

 

11,864,207

 

 

Fiscal Year

 

Average Year-End Fair
Value of Equity Awards
Granted During Year
That Remained
Unvested as of Last
Day of Year for Non-
PEO NEOs ($)

 

Average Change in Fair
Value from Last Day of
Prior Year to Last Day of
Year of Unvested Equity
Awards for Non-PEO
NEOs ($)

 

Average Change in Fair
Value from Last Day of
Prior Year to Vesting
Date of Unvested Equity
Awards that Vested
During Year for Non-
PEO NEOs ($)

 

Total - Average Inclusion
of Equity Values for
Non-PEO NEOs ($)

2025

 

987,098

 

(265,093)

 

(353,751)

 

368,254

2024

 

860,461

 

(327,867)

 

(203,855)

 

328,739

2023

 

899,974

 

64,782

 

(90,333)

 

874,423

2022

 

710,201

 

(404,274)

 

(463,989)

 

(158,062)

2021

 

929,504

 

1,113,335

 

673,833

 

2,716,672

 

(4)
The Peer Group TSR set forth in this table utilizes the SIC Code 3826 Laboratory Analytical Instruments, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2025. The comparison assumes $100 was invested for the period starting December 31, 2020, through the end of the listed year in the Company and in the SIC Code 3826 Laboratory Analytical Instruments Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.
(5)
We determined Non-GAAP Diluted EPS to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and Non-PEO NEOs in 2025. See Appendix A for our definition of non-GAAP diluted earnings per share and a reconciliation to the corresponding GAAP measure. This performance measure may not have been the most important financial performance measure for prior years, and we may determine a different financial performance measure to be the most important financial performance measure in future years.
        
Company Selected Measure Name Non-GAAPDilutedEPS        
Peer Group Issuers, Footnote
(4)
The Peer Group TSR set forth in this table utilizes the SIC Code 3826 Laboratory Analytical Instruments, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2025. The comparison assumes $100 was invested for the period starting December 31, 2020, through the end of the listed year in the Company and in the SIC Code 3826 Laboratory Analytical Instruments Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.
        
Adjustment To PEO Compensation, Footnote
(3)
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards and Option Awards column are the totals from the Stock Awards and Option Awards columns set forth in the Summary Compensation Table. Amounts in the "Average Exclusion of Change in Pension Value for Non-PEO NEOs" column reflect the amounts attributable to the Change in Pension Value reported in the “Change in Pension Value and Non-Qualified Deferred Compensation Earnings” column presented in the Summary Compensation Table. Amounts in the "Average Inclusion of Pension Service Cost for Non-PEO NEOs" are based on the service cost for services rendered during the listed year and amounts in the "Average Inclusion for Prior Service Cost for Non-PEO NEOs" are based on the cost of pension benefits resulting from a plan amendment or initiation during 2025.

 

Fiscal Year

 

Summary Compensation
Table Total for Frank H.
Laukien, Ph.D. ($)

 

Exclusion of Stock
Awards and Option
Awards for Frank H.
Laukien, Ph.D. ($)

 

Inclusion of Equity Values
for Frank H. Laukien,
Ph.D. ($)

 

Compensation Actually
Paid to Frank H. Laukien,
Ph.D. ($)

2025

 

4,706,388

 

(3,111,516)

 

1,909,914

 

3,504,786

The amounts in the Inclusion of Equity Values columns in the tables above are derived from the amounts set forth in the following tables:

 

Fiscal Year

 

Year-End Fair Value of
Equity Awards Granted
During Year That
Remained Unvested
as of Last Day of Year
for Frank H. Laukien,
Ph.D. ($)

 

Change in Fair Value
from Last Day of Prior
Year to Last Day of Year
of Unvested Equity
Awards for Frank
H. Laukien, Ph.D. ($)

 

Change in Fair Value
from Last Day of Prior
Year to Vesting Date
of Unvested Equity
Awards that Vested
During Year for Frank
H. Laukien, Ph.D. ($)

 

Total - Inclusion of
Equity Values for
Frank H. Laukien,
Ph.D. ($)

2025

 

4,843,129

 

(1,380,526)

 

(1,552,689)

 

1,909,914

2024

 

3,195,863

 

(1,324,022)

 

(859,372)

 

1,012,469

2023

 

3,820,311

 

289,562

 

(374,319)

 

3,735,554

2022

 

3,791,720

 

(1,634,164)

 

(2,110,487)

 

47,069

2021

 

3,414,084

 

4,953,463

 

3,496,660

 

11,864,207
       
Non-PEO NEO Average Total Compensation Amount $ 1,757,938 $ 2,078,122 $ 2,010,151 $ 1,707,689 $ 1,966,675
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,307,313 1,405,604 2,049,408 791,613 3,821,804
Adjustment to Non-PEO NEO Compensation Footnote
(3)
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards and Option Awards column are the totals from the Stock Awards and Option Awards columns set forth in the Summary Compensation Table. Amounts in the "Average Exclusion of Change in Pension Value for Non-PEO NEOs" column reflect the amounts attributable to the Change in Pension Value reported in the “Change in Pension Value and Non-Qualified Deferred Compensation Earnings” column presented in the Summary Compensation Table. Amounts in the "Average Inclusion of Pension Service Cost for Non-PEO NEOs" are based on the service cost for services rendered during the listed year and amounts in the "Average Inclusion for Prior Service Cost for Non-PEO NEOs" are based on the cost of pension benefits resulting from a plan amendment or initiation during 2025.

Fiscal Year

 

Average Summary
Compensation
Table Total for
Non-PEO NEOs ($)

 

Average Exclusion of Change in Pension Value for Non-PEO NEOs ($)

 

Average Exclusion
of Stock Awards
and Option Awards
for Non-PEO
NEOs ($)

 

Average Inclusion
of Pension
Service Cost for
Non-PEO
NEOs ($)

 

Average Inclusion
of Equity Values
for Non-PEO
NEOs ($)

 

Average
Compensation
Actually Paid to
Non-PEO NEOs ($)

2025

 

1,757,938

 

(45,725)

 

(813,835)

 

40,681

 

368,254

 

1,307,313

2024

 

2,078,122

 

(98,700)

 

(933,343)

 

30,786

 

328,739

 

1,405,604

2023

 

2,010,151

 

(73,044)

 

(800,838)

 

38,716

 

874,423

 

2,049,408

The amounts in the Inclusion of Equity Values columns in the tables above are derived from the amounts set forth in the following tables:

Fiscal Year

 

Average Year-End Fair
Value of Equity Awards
Granted During Year
That Remained
Unvested as of Last
Day of Year for Non-
PEO NEOs ($)

 

Average Change in Fair
Value from Last Day of
Prior Year to Last Day of
Year of Unvested Equity
Awards for Non-PEO
NEOs ($)

 

Average Change in Fair
Value from Last Day of
Prior Year to Vesting
Date of Unvested Equity
Awards that Vested
During Year for Non-
PEO NEOs ($)

 

Total - Average Inclusion
of Equity Values for
Non-PEO NEOs ($)

2025

 

987,098

 

(265,093)

 

(353,751)

 

368,254

2024

 

860,461

 

(327,867)

 

(203,855)

 

328,739

2023

 

899,974

 

64,782

 

(90,333)

 

874,423

2022

 

710,201

 

(404,274)

 

(463,989)

 

(158,062)

2021

 

929,504

 

1,113,335

 

673,833

 

2,716,672
       
Compensation Actually Paid vs. Total Shareholder Return

Relationship Between PEO and Average Non-PEO NEO Compensation Actually Paid and Company Total Shareholder Return (“TSR”)

The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and the cumulative TSR over the five most recently completed fiscal years for the Company and the SIC Code 3826 Laboratory Analytical Instruments TSR.

 

img204292846_20.jpg

        
Compensation Actually Paid vs. Net Income

Relationship Between PEO and Non-PEO NEO Compensation Actually Paid and Net Income

The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and our net income during the five most recently completed fiscal years.

 

img204292846_21.jpg

        
Compensation Actually Paid vs. Company Selected Measure

Relationship Between PEO and Average Non-PEO NEO Compensation Actually Paid and Non-GAAP Diluted EPS

The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and our Non-GAAP Diluted EPS during the five most recently completed fiscal years.

 

img204292846_22.jpg

        
Total Shareholder Return Vs Peer Group

Relationship Between PEO and Average Non-PEO NEO Compensation Actually Paid and Company Total Shareholder Return (“TSR”)

The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and the cumulative TSR over the five most recently completed fiscal years for the Company and the SIC Code 3826 Laboratory Analytical Instruments TSR.

 

img204292846_20.jpg

        
Tabular List, Table

Tabular List of the Most Important Financial Performance Measures

The following table presents the financial performance measures that the Company considers to have been the most important in linking Compensation Actually Paid to our PEO and non-PEOs for 2025 to Company Performance. The measures in this table are not ranked. See Appendix A for our definitions of these financial performance measures.

 

Organic Revenue Growth

Non-GAAP Operating Profit

Non-GAAP Diluted Earnings Per Share (EPS)
       
Total Shareholder Return Amount $ 88.45 109.52 136.88 126.95 155.36
Peer Group Total Shareholder Return Amount 67.66 70.22 74.68 84.24 126.33
Net Income (Loss) $ (8,300,000) $ 113,800,000 $ 428,500,000 $ 298,500,000 $ 280,600,000
Company Selected Measure Amount 1.83 2.41 2.58 2.34 2.1
PEO Name Frank H. Laukien, Ph.D. Frank H. Laukien, Ph.D. Frank H. Laukien, Ph.D. Frank H. Laukien, Ph.D. Frank H. Laukien, Ph.D.
Measure:: 1          
Pay vs Performance Disclosure          
Name Organic Revenue Growth        
Measure:: 2          
Pay vs Performance Disclosure          
Name Non-GAAP Operating Profit        
Measure:: 3          
Pay vs Performance Disclosure          
Name Non-GAAP Diluted Earnings Per Share (EPS)        
Non-GAAP Measure Description
(5)
We determined Non-GAAP Diluted EPS to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEO and Non-PEO NEOs in 2025. See Appendix A for our definition of non-GAAP diluted earnings per share and a reconciliation to the corresponding GAAP measure. This performance measure may not have been the most important financial performance measure for prior years, and we may determine a different financial performance measure to be the most important financial performance measure in future years.
        
Frank H. Laukien, Ph.D. [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount $ 4,706,388 $ 5,527,304 $ 5,858,761 $ 5,057,195 $ 5,594,539
PEO Actually Paid Compensation Amount 3,504,786 3,201,715 6,267,895 1,862,866 14,300,157
PEO | Frank H. Laukien, Ph.D. [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (3,111,516)        
PEO | Frank H. Laukien, Ph.D. [Member] | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,909,914 1,012,469 3,735,554 47,069 11,864,207
PEO | Frank H. Laukien, Ph.D. [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 4,843,129 3,195,863 3,820,311 3,791,720 3,414,084
PEO | Frank H. Laukien, Ph.D. [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,380,526) (1,324,022) 289,562 (1,634,164) 4,953,463
PEO | Frank H. Laukien, Ph.D. [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,552,689) (859,372) (374,319) (2,110,487) 3,496,660
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (45,725) (98,700) (73,044)    
Non-PEO NEO | Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 40,681 30,786 38,716    
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (813,835) (933,343) (800,838)    
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 368,254 328,739 874,423 (158,062) 2,716,672
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 987,098 860,461 899,974 710,201 929,504
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (265,093) (327,867) 64,782 (404,274) 1,113,335
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (353,751) $ (203,855) $ (90,333) $ (463,989) $ 673,833