UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
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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.
In connection with his departure, Mr. Schultz will receive severance in accordance with his employment agreement with the Company, dated August 24, 2016, and the accelerated vesting of an aggregate of 33,509 shares of the Company’s common stock under the Company’s Amended and Restated 2015 Incentive Plan.
The Company extended the departure date of Mr. Koeck to December 31, 2020 in connection with his execution of an Amendment to the Second Letter of Secondment, dated August 13, 2020, which reduces the applicable severance payments owed to Mr. Koeck to a lump sum payment equal to 8.5 times his monthly base salary. Mr. Koeck will also receive other severance benefits in accordance with his employment agreement with the Company, dated September 5, 2016, and the accelerated vesting of an aggregate of 15,598 shares of the Company’s common stock under the Company’s Amended and Restated 2015 Incentive Plan.
| Item 9.01 | Financial Statement and Exhibits. |
(d) Exhibits.
| 10.1 | Amendment to the Second Letter of Secondment, dated August 13, 2020, by and between 3D Systems Corporation and Herbert Koeck. | |
| 104 | The cover page from this Current Report on Form 8-K/A, formatted in Inline XBRL |
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.
| 3D SYSTEMS CORPORATION | |||
| Date: August 17, 2020 | |||
| By: | /s/ Andrew M. Johnson | ||
| (Signature) | |||
| Name: | Andrew M. Johnson | ||
| Title: | Executive Vice President, Chief Legal Officer and Secretary | ||