Current Report Filing (8-k)
May 15 2019 - 6:08AM
Edgar (US Regulatory)
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):
May 10, 2019
3D SYSTEMS CORPORATION
(Exact name of registrant as specified in
its charter)
Delaware
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001-34220
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95-4431352
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(State or other jurisdiction
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(Commission
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(IRS Employer
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of incorporation)
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File Number)
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Identification No.)
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333 Three D Systems Circle
Rock Hill, South Carolina
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29730
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number, including
area code:
(803) 326-3900
N/A
(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 (see General
Instruction A.2. below):
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the
registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of
the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company
☐
If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common stock, par value $0.001 per share
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DDD
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The New York Stock Exchange
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Item 5.02. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As previously reported, on May 7, 2019 3D
Systems Corporation (the “Company”) determined that Mr. Kevin McAlea, Executive Vice President and General Manager,
Metals & Healthcare, will be separated from his employment with the Company, effective May 31, 2019 (the “Separation
Date”). In connection with his separation from employment, the Company entered into a Severance Agreement with Mr. McAlea
on May 10, 2019 (the “Severance Agreement”).
Pursuant to the Severance Agreement, Mr.
McAlea will remain employed in his current position until the Separation Date. Pursuant to the Severance Agreement, Mr. McAlea’s
current base salary of $401,000 annually will continue until the Separation Date, after which Mr. McAlea will be entitled to receive
a severance amount equal to his current annual base salary, paid in 12 monthly installments. Mr. McAlea is eligible for additional
severance payments equal to up to six (6) additional months of his current annual base salary based on certain non-competition
conditions.
Mr. McAlea’s time-based equity awards
will vest on a pro-rata basis on the Separation Date. His performance-based equity awards will continue to be eligible for vesting
on a pro-rata basis based on the Separation Date. He will also continue to receive Company healthcare benefits for a period of
up to 18 months following the Separation Date.
The preceding description of the Severance
Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Severance Agreement
attached hereto as Exhibit 10.1, which is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
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3D SYSTEMS CORPORATION
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Date: May 14, 2019
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By: /s/ Andrew M. Johnson
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(Signature)
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Name: Andrew M. Johnson
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Title:
Executive Vice President, Chief Legal Officer and Secretary
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