Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
On December 18, 2020, the Board of Directors (the "Board") of Desktop Metal,
Inc. (f/k/a Trine Acquisition Corp.) (the "Company") increased the size of the
Board to eleven directors and appointed Scott Dussault to serve as a member of
the Board as a Class III Director. Mr. Dussault was also appointed to serve on
the Audit Committee of the Board as its Chairman. Mr. Dussault will receive
compensation in accordance with the Company's compensation arrangements for
non-employee directors. There was no arrangement or understanding pursuant to
which Mr. Dussault was elected as a director. Mr. Dussault has also entered into
the Company's standard indemnification agreement for directors and officers.
On December 22, 2020, the Company issued a press release announcing Mr.
Dussault's appointment to the Board (the "Press Release"). The Press Release is
furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K and shall
not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act
of 1934, as amended (the "Exchange Act"), or otherwise subject to the
liabilities of that section, nor shall it be deemed incorporated by reference in
any filing under the Securities Act of 1933, as amended (the "Securities Act"),
or the Exchange Act, except as expressly provided by specific reference in such
a filing.
On December 18, 2020, the Compensation Committee of the Board awarded a cash
bonus of $150,000 to Ric Fulop, Chief Executive Officer of the Company, in
connection with his efforts related to the recent business combination with the
Company and Desktop Metal Operating, Inc. (f/k/a Desktop Metal, Inc.).
Item 9.01. Financial Statement and Exhibits.
(d) Exhibits.
Exhibit
Number Description
99.1 Press release dated December 22, 2020.
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