Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 17, 2020, 3D Systems Corporation (the "Company") announced the
departures of Philip C. Schultz, Executive Vice President, Operations, effective
August 15, 2020, and Herbert Koeck, Executive Vice President, Global
Go-To-Market, effective September 15, 2020, as part of a realignment of the
Company's organizational structure.
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© Edgar Online, source Glimpses
3D SYSTEMS CORPORATION 
