Delaware
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1-34220
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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.
(d) On October 27, 2014, Mark Wright joined 3D Systems Corporation (the "Company") as Executive Vice President and Chief Operating Officer.
Mr. Wright, 50, joins the Company after an 18-year career at EMC Corporation, a Fortune 500 provider of web-based computing systems and data storage products. Most recently, he served as Senior Vice President of Business Development and Operations – Lenovo, since April 2014. He served as the Chief Operating Officer, Flash Product Division from October 2012 to April 2014, served as Senior Vice President, Strategic Operations, IIP Division from January to October 2012, Senior Vice President, Business Operations, Unified Storage Division from January 2011 to January 2012 and Vice President, Operations and Business Transformation, Unified Storage Division from 2008 to January 2011.
The Compensation Committee of the Board of Directors of the Company approved a compensation package for Mr. Wright that includes an annual base salary of $400,000, a 2015 target incentive opportunity equal to 50% of his annual base salary and a payment of $100,000 related to transition costs.
On October 27, 2014, Mr. Wright was granted a restricted stock award of 60,000 shares pursuant to the Company's Amended and Restated 2004 Incentive Stock Plan, such shares to be issuable at a purchase price of ten percent of the closing fair market value per share on the date of the award and not exceeding the amount of $1.00 per share and to be subject to a vesting period of three years from the date of grant.
The Company issued a press release announcing the appointment of Mr. Wright on October 27, 2014. 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 October 27, 2014
3D SYSTEMS CORPORATION | ||
Date: October 27, 2014
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By: | /s/ ANDREW M. JOHNSON | |
Name: |
Andrew M. Johnson
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Title: |
Vice President, General Counsel and Secretary
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Exhibit No. |
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Exhibit Description |
99.1 |
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Press Release dated October 27, 2014 |