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 November 4, 2014, Ted Hull joined 3D Systems Corporation (the "Company") as Executive Vice President, Finance and will assume the role of Executive Vice President and Chief Financial Officer effective November 11, 2014.
Mr. Hull, 57, joins the Company after three decades of financial leadership in high-growth technology firms and high-tech industry leaders. Most recently, he served as Executive Vice President and Chief Financial Officer of Fusion-io, a provider of advanced flash storage solutions, from December 2013 until the company's purchase by SanDisk Corporation in July 2014. Mr. Hull served as Vice President, Finance at Cisco Systems, Inc. a manufacturer of IP networking products and services, from 2007 to September 2013.
The Compensation Committee of the Board of Directors of the Company approved a compensation package for Mr. Hull that includes an annual base salary of $400,000, a 2015 target incentive opportunity equal to 50% of his annual base salary and relocation assistance.
On November 4, 2014, Mr. Hull 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. Hull on November 4, 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 November 4, 2014
3D SYSTEMS CORPORATION | ||
Date: November 4, 2014
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By: | /s/ ANDREW M. JOHNSON | |
Name: |
Andrew M. Johnson
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Title: |
Executive Vice President, Chief Legal Officer and Secretary
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Exhibit No. |
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Exhibit Description |
99.1 |
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Press Release dated November 4, 2014 |