UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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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.
On April 1, 2020, in the context of proactive measures being taken in response to the impacts of COVID-19, the Compensation Committee of the Board of Directors (the “Board”) of 3D Systems Corporation (the “Company”) approved a voluntary temporary reduction of 10% in the salaries of its executive officers, including its named executive officers (“NEOs”), effective immediately and until such later time as reinstated by the Compensation Committee. It is the understanding and intention of the Compensation Committee that these temporary reductions do not and will not reduce a terminated NEO’s potential severance related award.
Item 8.01. Other Events.
In response to COVID-19, the non-employee directors of the Company also have elected to reduce their annual cash fees, committee chair fees and meeting fees by 10%, effective April 1, 2020 and until such time as reinstated by the Corporate Governance and Nominating Committee of the Board.
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: April 6, 2020 | ||
By: /s/ Andrew M. Johnson | ||
(Signature) | ||
Name: Andrew M. Johnson | ||
Title: Executive Vice President, Chief Legal Officer and Secretary | ||