Form 8-K 3D SYSTEMS CORP For: Nov 04
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E-mailThe Securities Exchange Act of 1934
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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
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| 3D SYSTEMS CORPORATION | ||
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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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| � | � | |
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Exhibit No. |
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Exhibit Description |
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99.1 |
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Press Release dated November 4, 2014 |
EXHIBIT 99.1
3D Systems Names Ted Hull Incoming Chief Financial Officer
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Decades of distinguished financial leadership in high-growth technology companies, including Cisco and IBM
� - Joins as Executive Vice President, Finance and will assume Chief Financial Officer role on November 11, 2014
ROCK HILL, S.C., Nov. 4, 2014 (GLOBE NEWSWIRE) -- 3D Systems Corporation (NYSE: DDD) announced today that it plans to name Ted Hull as its Chief Financial Officer, effective November 11, 2014, succeeding Damon Gregoire, who will transition to the role of Executive Vice President, Mergers and Acquisitions. Hull joins 3D Systems in the interim as Executive Vice President, Finance before assuming the role of Chief Financial Officer.
"We are privileged to welcome a person of Ted Hull's impressive financial and business leadership experience to 3D Systems," said Avi Reichental, President and Chief Executive Officer, 3DS. "Ted's proven track record in integrating, scaling and fine-tuning high-growth tech companies is a tremendous asset to our company as we execute the next phase of our profitable growth strategy."
Hull's career spans more than three decades of progressing financial leadership roles in high-tech companies and sector leaders including Cisco, Maxtor and IBM. Most recently Ted served as Executive Vice-President and Chief Financial Officer of Fusion-io, a provider of advanced flash storage solutions until its purchase by SanDisk Corporation. Before that, Hull spent six years at Cisco as its Vice President, Finance. Amongst his other roles, Hull served as Vice President Finance and Chief Financial Officer of Maxtor and had a distinguished seventeen-year career at IBM.
Upon assuming the role of CFO, Hull will succeed 3DS' incumbent CFO, Damon Gregoire, who will immediately transition to the position of Executive Vice-President, Mergers and Acquisitions.
"We are deeply grateful to Damon for his eight years of outstanding financial and operations leadership during a period of rapid growth and expansion," continued Reichental. "We are fortunate Damon is able to continue to contribute as a senior executive, while he attends to family healthcare needs."
About 3D Systems
3D Systems is pioneering 3D printing for everyone. 3DS provides the most advanced and comprehensive 3D design-to-manufacturing solutions including 3D printers, print materials and cloud sourced custom parts. Its powerful digital thread empowers professionals and consumers everywhere to bring their ideas to life in material choices including plastics, metals, ceramics and edibles. 3DS' leading healthcare solutions include end-to-end simulation, training and integrated 3D planning and printing for personalized surgery and patient specific medical and dental devices. Its democratized 3D design and inspection products embody the latest perceptual, capture and touch technology. Its products and services replace and complement traditional methods with improved results and reduced time to outcomes. These solutions are used to rapidly design, create, communicate, plan, guide, prototype or produce functional parts, devices and assemblies, empowering customers to manufacture the future.
Leadership Through Innovation and Technology
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3DS invented 3D printing with its Stereolithography (SLA) printer and was the first to commercialize it in 1989.
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3DS invented Selective Laser Sintering (SLS) printing and was the first to commercialize it in 1992.
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3DS invented the Color-Jet-Printing (CJP) class of 3D printers and was the first to commercialize 3D powder-based systems in 1994.
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3DS invented Multi-Jet-Printing (MJP) printers and was the first to commercialize it in 1996.
� - 3DS Medical Modeling pioneered virtual surgical planning (VSP) and its services are world-leading, helping many thousands of patients on an annual basis.
Today its comprehensive range of 3D printers is the industry's benchmark for production-grade manufacturing in aerospace, automotive, patient specific medical device and a variety of consumer, electronic and fashion accessories.
More information on the company is available at www.3DSystems.com.
CONTACT: Investor Contact: Stacey Witten
Email: [email protected]
Media Contact: Alyssa Hoyt
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