stratasys_8k.htm
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): February 5, 2010
Stratasys, Inc.
(Exact Name of Registrant as Specified in Its
Charter)
| Delaware |
1-13400 |
36-3658792 |
| (State or Other Jurisdiction |
(Commission |
(IRS Employer |
| of Incorporation) |
File Number) |
Identification
No.) |
| 7665 Commerce Way, Eden Prairie,
Minnesota |
55344 |
| (Address of Principal Executive
Offices) |
(Zip
Code) |
Registrant’s Telephone
Number, Including Area Code: (952) 937-3000
Not Applicable
(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:
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Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02. Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
On February 5, 2010, the
Compensation Committee of our Board of Directors (the “Compensation Committee”)
approved the award of discretionary bonuses of $29,870 to S. Scott Crump, our
Chief Executive Officer, $26,974 to Thomas W.
Stenoien, our Chief Operating Officer, and $12,905 to Robert F. Gallagher, our
Chief Financial Officer. These bonuses represent 28% of the targeted bonuses for
2009 for each of the foregoing Named Executive Officers (“NEOs”) and a 50%
decrease from the bonuses awarded for 2008. In awarding the bonuses for 2009,
the Committee took into account the fact that we maintained profitability during
a period of international economic downturn and that the base salary for each of
the NEOs for 2010 was maintained at the 2009 level.
The Compensation
Committee also approved the award of an additional discretionary bonus of
$20,000 to Robert F. Gallagher, based on the recognition of his contributions to
negotiating our Master OEM Agreement with Hewlett-Packard Company.
We
paid the foregoing bonuses on March 1, 2010.
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.
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STRATASYS, INC. |
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(Registrant) |
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| Date: March 2, 2010 |
By: |
/s/ S. Scott Crump |
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S.
Scott Crump |
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Chief Executive Officer, President & |
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Treasurer |