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 Officers
Item 5.02.
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(b) Effective March 31, 2017, David R. Styka, the former Chief
Financial Officer of 3D Systems Corporation (the Company),
stepped down from his current position as Senior Vice President,
Transformation Project Management Office to pursue other
professional opportunities. to Mr.Stykas employment agreement
dated July 1, 2016, in connection with his departure from the
Company, he is entitled to (i)an amount equal to his base salary
payable in 12 monthly installments, (ii)up to 12 months of COBRA
coverage, and (iii)a pro rata portion of his 2017 annual
incentive award, if any. Additionally, in connection with
Mr.Stykas departure, the Company entered a one year consulting
agreement with Mr.Styka to which he will complete additional work
for the Company on anas-neededbasis at a rate of $200 per hour
for any hours in excess of 10 hours per month and during the term
of which his unvested restricted stock awards will continue to
vest upon their normal terms. Finally, certain restricted stock
awards granted in 2015 will vest pro rata on March31, 2018, the
final day of the term of Mr.Stykas consulting agreement.
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.
| 3D SYSTEMS CORPORATION | |||
| Date: March 31, 2017 | |||
| /s/ANDREW M. JOHNSON | |||
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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 +0.13 at 14.96 with 2,158,928 shares trading hands.