TDSC Cabana Target Drawdown 10 ETF

On December 7, 2022, 3D Systems Corporation (the “Company”) announced the appointment of Joseph Zuiker as the Company’s Executive Vice President, Engineering and Operations, effective December 12, 2022.

Prior to joining the Company, Dr. Zuiker, age 58, served as Vice President of Engineering, Operations and Order Fulfilment for MTS Systems Corporation where he worked until December 2022. Prior to joining MTS Systems in July 2017, he was Senior Director Technology for Halliburton Corporation’s Sperry Drilling from September 2011 to July 2016.  Dr. Zuiker also worked in design leadership at General Electric’s Energy Division from December 1995 to August 2011 in various roles of increasing responsibility, including General Manager of GE Gasification Technology, General Manager of GE Hydro Technology and Turbine Design Manager/Design Engineer.  Dr. Zuiker holds a Doctorate in Mechanical Engineering from Rensselaer Polytechnic Institute, a Master of Science degree in Aerospace Engineering from the University of Cincinnati, and a Bachelor of Science degree in Mechanical Engineering from the University of Illinois at Urbana-Champaign, and is a Certified Six Sigma Master Black Belt.

In connection with his appointment, the Company entered into an employment agreement with Dr. Zuiker (the “Employment Agreement”), dated December 7, 2022, pursuant to which he will serve as the Company’s Executive Vice President, Engineering and Operations. Under the terms of the Employment Agreement, approved by the Compensation Committee of the Board of Directors, Dr. Zuiker will receive the following compensation:

• a base salary of $400,000 per annum, which will be pro-rated for 2022;
• a bonus objective not less than 60% of Dr. Zuiker’s base salary subject to the terms of the Company’s annual bonus program, which he will be eligible for beginning in 2023;
• a signing bonus of $200,000, provided that Dr. Zuiker (i) is not terminated for Cause within the first 24 months of his employment with the Company, (ii) does not terminate his employment for any reason other than death, Disability, or Constructive Discharge within the first 24 months of his employment with the Company, and (iii) relocates his primary residence to the Charlotte, North Carolina metro region by June 30, 2023; and
• a time-based restricted stock award for a number of shares of the Company’s common stock (“Common Stock”) calculated with a numerator equal to $500,000 and a denominator equal to the 20-trading day trailing average closing price of the Common Stock ended on December 9, 2022, pursuant to the Company’s 2015 Incentive Plan, which shall vest in three equal annual installments during the continuation of Dr. Zuiker’s employment with the Company.

The Employment Agreement has an initial two-year term that automatically renews for additional 12-month terms, unless terminated by either party.

The foregoing summary of the Employment Agreement is qualified in its entirety by reference to the complete terms of the Employment Agreement, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.