UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 17, 2011
3D SYSTEMS CORPORATION
(Exact name of registrant as specified in its charter)
| Delaware | 001-34220 | 95-4431352 | ||
| (State or other jurisdiction | (Commission | (IRS Employer | ||
| of incorporation) | File Number) | Identification No.) |
333 Three D Systems Circle Rock Hill, South Carolina | 29730 | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (803) 326-3900
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.07. Submission of Matters to a Vote of Security Holders.
On May 17, 2011, we held our annual meeting of stockholders. At the annual meeting, our stockholders:
(i) elected the whole Board of Directors to serve until the next annual meeting and until their successors are duly elected and qualified;
(ii) approved on an advisory basis our proposed say-on-pay proposal relating to the compensation of our named executive officers;
(iii) approved on an advisory basis our Board of Directors’ recommendation for a triennial say-on-pay advisory vote; and
(iv) ratified the selection of BDO USA, LLP as our independent registered public accounting firm for the year ending December 31, 2011.
A total of 22,976,309 shares of Common Stock were present in person or by proxy at the meeting, representing approximately 92.39% of the voting power of the Company entitled to vote.
The votes cast on the matters that were brought before the annual meeting, including non-votes where applicable, were as set forth below:
| Number of Votes | |||||||
| In Favor | Withheld | Non-Votes | |||||
| Nominees for Election to Board of Directors: | |||||||
| William E. Curran | 15,991,834 | 84,091 | 6,900,384 | ||||
| Charles W. Hull | 15,945,710 | 130,215 | 6,900,384 | ||||
| Jim D. Kever | 15,954,196 | 121,729 | 6,900,384 | ||||
| G. Walter Loewenbaum, II | 15,738,813 | 337,112 | 6,900,384 | ||||
| Kevin S. Moore | 15,968,688 | 107,237 | 6,900,384 | ||||
| Abraham N. Reichental | 15,973,070 | 102,855 | 6,900,384 | ||||
| Daniel S. Van Riper | 15,986,319 | 89,606 | 6,900,384 | ||||
| Karen E. Welke | 15,981,419 | 94,506 | 6,900,384 | ||||
| For | Against | Abstentions | Non-Votes | ||||
Advisory vote on executive compensation | 15,860,524 | 72,599 | 142,802 | 6,900,384 | |||
| One Year | Two Years | Three Years | Abstentions | Non-Votes | |||
Advisory vote on frequency of say-on-pay vote | 7,481,862 | 132,909 | 8,267,105 | 194,049 | 6,900,384 | ||
| For | Against | Abstentions | |||||
Ratification of BDO USA, LLP as our Independent Registered Public Accounting Firm | 22,921,113 | 17,611 | 37,585 | ||||
At a meeting held in conjunction with the Annual Meeting, our Board of Directors reviewed the results of the advisory vote on executive compensation and the advisory vote on the frequency of say-on-pay votes set forth above. The Board noted that 98.66% of the shares of Common Stock voted on our say-on-pay proposal were cast in favor of that proposal. Of the votes cast on the frequency proposal, 51.43% were cast in favor of the Board’s recommendation of a triennial say-on-pay vote, 46.53% were cast in favor of an annual say-on-pay vote and that the remaining 2.04% of the votes either abstained or were cast in favor of a biennial say-on-pay vote; 6.9 million shares of Common Stock did not vote.
In light of these results, the Board adopted a policy of holding a triennial say-on-pay vote in accordance with applicable law. That policy will be included in our Corporate Governance Guidelines, which are published on our web site at www.3dsystems.com. Accordingly, unless otherwise determined by our Board of Directors or required by applicable law, an advisory say-on-pay vote will next be submitted to the stockholders at the 2014 Annual Meeting, which as provided for by our By-Laws is expected to be held in May 2014.
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: May 17, 2011 | ||
| By: /s/ Robert M. Grace, Jr. | ||
| (Signature) | ||
| Name: Robert M. Grace, Jr. | ||
Title: Vice President, General Counsel and Secretary |