3D SYSTEMS CORPORATION (NYSE:DDD) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d) On March 24, 2017, the Board of Directors of 3D Systems Corporation (the “Company”) appointed Charles G. McClure, Jr. and Dr. Jeffrey Wadsworth as directors of the Company.
Mr. McClure, age 63, has served as a Managing Partner of Michigan Capital Advisors since 2014 and has more than 35 years of experience in the transportation industry. Prior to founding Michigan Capital Advisors, Mr. McClure served as Chairman of the Board, CEO and president of Meritor, Inc. from 2004 through 2013. From 2002 through 2004, Mr. McClure served as CEO, president and member of the Board of Federal Mogul Corp. Mr. McClure joined Federal Mogul in 2001 as president, COO and a member of the Board. Before joining Federal Mogul, Mr. McClure served as president, CEO and a member of the Board of Detroit Diesel. He joined Detroit Diesel in 1997 after 14 years in a variety of management positions with Johnson Controls.
Mr. McClure currently sits on the Boards of DTE Energy and Penske Corporation. He previously sat on the Boards of R.L. Polk, General Cable Corporation and Remy International. He is an Ex-Officio member of the Executive Committee of the Detroit Regional Chamber of Commerce and a past Chair of the Chamber. Additionally, McClure is a member of the Board of Trustees of Henry Ford Health Systems, Board of Directors of Invest Detroit and a member of Business Leaders for Michigan.
Dr. Wadsworth, age 66, has served as President and Chief Executive Officer of Battelle, the world’s largest independent research and development enterprise (“Battelle”), since January 2009. He formerly was Executive Vice President, Global Laboratory Operations at Battelle, Director of Oak Ridge National Laboratory and Chief Executive Officer and President of UT-Battelle LLC and Senior Vice President for U.S. Department of Energy Science Programs at Battelle.
Previously, he was director of Homeland Security Programs at Battelle and part of the White House Transition Planning Office for the newly formed U.S. Department of Homeland Security. From 1992 to 2002, Dr. Wadsworth was at the Lawrence Livermore National Laboratory in Livermore, California, where from 1995 he was Deputy Director for Science and Technology. Prior to that, he was with Lockheed Missiles and Space Company, Research and Development Division. He was elected to the U.S. National Academy of Engineering in 2005, has been elected Fellow of three technical societies, and holds numerous awards and honors. Dr. Wadsworth currently serves on the board of directors of Carpenter Technologies and on the board of trustees at The Ohio State University.
Neither Mr. McClure nor Dr. Wadsworth has been appointed to any committees of the Board of Directors, and no determination has been made as to any committees of the Board of Directors to which either may be appointed. There are no arrangements or understandings between Mr. McClure or Dr. Wadsworth and any other person to which either was elected as a director of the Company, and there is no information required to be disclosed with respect to Mr. McClure or Dr. Wadsworth to Item 404(a) of Regulation S-K. In connection with their election as directors, both Mr. McClure and Dr. Wadsworth were granted 2,136 shares of common stock as provided for in the Company’s Restricted Stock Plan for Non-Employee Directors.
The Company issued a press release announcing the election of Mr. McClure and Dr. Wadsworth on March 29, 2017. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated into this Item 5.02 by this reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press Release dated March 29, 2017
About 3D SYSTEMS CORPORATION (NYSE:DDD)
3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) products and services, including 3D printers, print materials, parts services and digital design and manufacturing tools. Its ecosystem supports applications from the product design shop to the factory floor to the operating room. Its precision healthcare capabilities include simulation, Virtual Surgical Planning, and printing of medical and dental devices, as well as patient-specific surgical instruments. Its brands include Accura, DuraForm, LaserForm, CastForm, VisiJet, Quickparts, Gentle Giant and Simbionix. Its customers can use 3D printing to design and manufacture parts. Its customers include companies and small and midsize businesses in a range of industries, such as automotive, aerospace, government, defense, technology, electronics, education, consumer goods, energy and healthcare. It operates through subsidiaries in the Americas, Europe and the Middle East, and the Asia Pacific region. 3D SYSTEMS CORPORATION (NYSE:DDD) Recent Trading Information
3D SYSTEMS CORPORATION (NYSE:DDD) closed its last trading session up +0.07 at 14.56 with 1,326,155 shares trading hands.