UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 8.01. | Other Events. |
On April 30, 2024, 3D Systems Corporation (the “Company”) entered into a Stipulation and Agreement of Settlement to resolve three related previously disclosed stockholder derivative actions and one stockholder inspection demand served pursuant to 8 Del. C. § 220.
On July 11, 2024, the South Carolina Court of Common Pleas for the 16th Circuit, York County (the “Court”), issued an order granting preliminary approval of the proposed settlement, which consists of various corporate governance reforms and payment of shareholders’ attorneys’ fees and expenses in the amount of $1,950,000. A hearing to determine whether the Court should issue an order granting final approval of the proposed settlement is scheduled to occur in the Court at 9:30 a.m. on October 21, 2024, as described in Exhibit 99.1 to this Current Report on Form 8-K. If the settlement is approved by the Court, the Company’s insurance carrier will fund the entire monetary aspect of the settlement.
Attached as Exhibit 99.1 to this Current Report on Form 8-K is the Notice of Pendency and Proposed Settlement of Stockholder Derivative Actions (“Notice of Proposed Settlement”), describing, among other things, the background of the claims and the settlement and providing that any objections to the settlement must be made by stockholders of the Company on or before October 7, 2024, in the manner described in the Notice of Proposed Settlement. The Notice of Proposed Settlement should be read in conjunction with the Stipulation and Agreement of Settlement, dated April 30, 2024, which has been filed with the Court and is attached as Exhibit 99.2 to this Current Report on Form 8-K.
| Item 9.01. | Financial Statement and Exhibits. |
| (d) | Exhibits |
| 99.1 | Notice of Pendency and Proposed Settlement of Stockholder Derivative Actions | |
| 99.2 | Stipulation and Agreement of Settlement | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURE
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: July 25, 2024 | By: | /s/ Jeffrey D. Creech | ||||
| Jeffrey D. Creech | ||||||
| Executive Vice President and Chief Financial Officer | ||||||