| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On January 11, 2024, 3D Systems Corporation (the “Company”) filed a Current Report on Form 8-K disclosing that Menno Ellis’s role and position with the Company as Executive Vice President, Health Care Solutions would be eliminated, effective March 15, 2024. To support leadership transition, the Company and Mr. Ellis have agreed to extend Mr. Ellis’s date of separation to April 30, 2024.
As previously disclosed in the Form 12b-25 filed by the Company with the Securities and Exchange Commission (the “SEC”) on February 29, 2024, the Company was unable to complete its Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (the “Form 10-K”) within the prescribed period without unreasonable effort or expense to the Company. Although the Company continues to diligently work to complete the necessary work related to its financial reporting procedures, the Company no longer anticipates that it will be able to file its Form 10-K within the 15-day extension period provided by Rule 12b-25 of the Securities Exchange Act of 1934, as amended. The Company will file the Form 10-K as soon as reasonably practicable.
Although the Company’s financial reporting procedures remain ongoing, there are no anticipated changes to the financial results for the fourth quarter and full year ended December 31, 2023, furnished by the Company with its Current Report on Form 8-K, dated February 27, 2024. Additionally, there are no anticipated restatements of the Company’s past financial statements.
Forward-Looking Statements
Certain statements made in this Current Report on Form 8-K that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including with respect to the Company’s anticipated filing of the Form 10-K. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. In many cases, forward looking statements can be identified by terms such as “believes,” “belief,” “expects,” “may,” “will,” “estimates,” “intends,” “anticipates” or “plans” or the negative of these terms or other comparable terminology. Forward-looking statements are based upon management’s beliefs, assumptions and current expectations and may include comments as to the Company’s beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the Company. The factors described under the headings “Forward-Looking Statements” and “Risk Factors” in the Company’s periodic filings with the SEC, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements. Although management believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements are not, and should not be relied upon as a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the
