Attached files
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| EX-99 - PRESS RELEASE - 3D SYSTEMS CORP | newsrelease.htm |
The Securities Exchange Act of 1934
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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 File
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(IRS Employer
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of Incorporation)
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Number)
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Identification No.)
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| 333 Three D Systems Circle Rock Hill, South Carolina, 29730 |
| (Address of principal executive offices) |
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) and (e) On October 28, 2015, Avi N. Reichental stepped down as President and Chief Executive Officer and as a Director of 3D Systems Corporation (the "Company"), effective at the close of business on October 28, 2015, by mutual agreement with the Company's Board of Directors (the "Board").
Pursuant to the Company's Amended and Restated By-Laws, effective upon Mr. Reichental's resignation as a member of the Board, the Board decreased the size of the Board from 10 to 9 directors.
As of the date of this report, no new compensatory or severance arrangements have been entered into in connection with Mr. Reichental's departure. Should any such arrangements be entered into in the future, the material terms of such arrangements will be disclosed in a subsequent filing.
(c) On October 28, 2015, Andrew M. Johnson was appointed as the Company's President and Chief Executive Officer on an interim basis(the "Interim President and Chief Executive Officer") and will serve as the Company's principal executive officer, effective upon Mr. Reichental's departure on October 28, 2015. Mr. Johnson will also continue to serve as the Company's Chief Legal Officer and Secretary.
Mr. Johnson, 41, has served as Executive Vice President, Chief Legal Officer and Secretary of the Company since November 2014, having previously served as Vice President, General Counsel and Secretary from April 2012 to November 2014 and as Assistant General Counsel and Assistant Secretary from 2006 to April 2012. Prior to joining the Company in 2006, Mr. Johnson was an associate at Hunton & Williams LLP, an international law firm.
The Company also announced that the Board has established an Executive Management Committee to provide ongoing leadership and to support companywide operations and strategic initiatives. Charles Hull, Director and Chief Technology Officer, will serve as Chairman of the Committee. Andrew Johnson, Interim President and Chief Executive Officer, Mark Wright, Chief Operating Officer, and David Styka, Chief Financial Officer, will also serve on the Executive Management Committee.
The Board will immediately commence a search and evaluation process to select a permanent replacement for the role of President and Chief Executive Officer.
As of the date of this report, no new compensatory or severance arrangements have been entered into in connection with Mr. Johnson's appointment as Interim President and Chief Executive Officer. Should any such arrangements be entered into in the future, the material terms of such arrangements will be disclosed in a subsequent filing.
Item 7.01. Regulation FD Disclosure.
On October 29, 2015, the Company issued a press release announcing Mr. Reichental's departure and Mr. Johnson's appointment as Interim President and Chief Executive Officer. A copy of the press release is furnished as Exhibit 99.1 to this report and is incorporated by reference herein.
The information in this Item (and in such press release) shall not be deemed "filed" with the Securities and Exchange Commission for purposes of the Securities Exchange Act of 1934, as amended, nor incorporated by reference in any registration statement filed by the registrant under the Securities Act of 1933, as amended.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press Release dated October 29, 2015 (furnished pursuant to Item 7.01)
| 3D SYSTEMS CORPORATION | ||
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Date: October 29, 2015
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| By: | /s/ ANDREW M. JOHNSON | |
| Name: |
Andrew M. Johnson
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| Title: |
Interim President and Chief Executive Officer and Chief Legal Officer and Secretary
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