MINNEAPOLIS & REHOVOT, Israel--(BUSINESS WIRE)--
Stratasys Ltd. (NASDAQ:SSYS) today announced that it will hold its
Annual General Meeting of Shareholders (the "Meeting") on Thursday, July
10, 2014, at 9:00 a.m. U.S. Central Time, at the Stratasys NASH
Building, 9600 West 76th Street, Eden Prairie, Minnesota. The
record date for shareholders entitled to vote at the Annual Meeting is
Tuesday, June 10, 2014.
The agenda for the Meeting is as follows:
The election of Ms. Ziva Patir, who qualifies as an unaffiliated
director under the Israeli Companies Law 5759-1999 (the "Companies
Law"), to serve as the unclassified director of the Company.
The approval of a cash bonus of 1,880,800 New Israeli Shekels ("NIS")
(approximately $541,550) to be paid to Mr. David Reis, the Company's
Chief Executive Officer and a director, in respect of his performance
for the year ended December 31, 2013, as determined by the
compensation committee of the Company's board of directors (the "Compensation
Committee" and the "Board", respectively) and the Board
pursuant to their authority under Mr. Reis' existing employment
agreement and the Company's Compensation Policy for Executive Officers
and Directors (the "Compensation Policy").
The approval of a cash bonus of $177,716 to be paid to Mr. S. Scott
Crump, the Company's Chairman and Chief Innovation Officer, in respect
of his performance for the year ended December 31, 2013, as determined
by the Compensation Committee and the Board pursuant to their
authority under the Compensation Policy.
The approval of a cash bonus of NIS 574,500 (approximately $165,420)
to be paid to Mr. Ilan Levin, a director and the Chairman of Baccio
Corporation, the parent entity of the Company's MakerBot group of
companies, in respect of his performance for the year ended December
31, 2013, as determined by the Compensation Committee and the Board
pursuant to their authority under the Compensation Policy.
The approval of the terms of a grant of options to purchase 22,000
ordinary shares, nominal value NIS 0.01 per share, of Stratasys Ltd. ("ordinary
shares"), to each of Mr. Edward J. Fierko, Mr. John J. McEleney,
and Mr. Clifford H. Schwieter, as directors of the Company.
The approval of an increase in the coverage under the Company's
directors' and officers' liability insurance policy to an aggregate
maximum coverage of $80 million.
The reappointment of Kesselman & Kesselman, a member of
PricewaterhouseCoopers International Limited, as the Company's
independent auditors for the year ending December 31, 2014 and until
the Company's next annual general meeting of shareholders, and
authorization of the Board (upon recommendation of the audit committee
of the Board) to fix their remuneration.
A discussion of the Company's financial statements for the year ended
December 31, 2013.
The transaction of such other business as may properly come before the
Meeting or any postponement or adjournment thereof.
Whether or not you attend the Meeting, your vote is important.
Accordingly, you are asked to participate and vote regardless of the
number of ordinary shares you own.
Approval of each of the Proposals above requires the affirmative vote of
the holders of a majority of the voting power represented at the Meeting
in person or by proxy and voting on the Proposal (excluding abstentions).
The approval of Proposal No. 2 is also subject to satisfaction of one of
the following, additional voting requirements:
the majority voted in favor of the proposal must include a majority of
the shares held by shareholders who are neither controlling
shareholders nor in possession of a personal interest in the approval
of the proposal that are voted at the meeting, excluding abstentions;
the total number of shares held by non-controlling, disinterested
shareholders (as described in the previous bullet-point) voted against
the proposal must not exceed 2% of the aggregate voting power in our
Any two or more shareholders holding, in the aggregate, at least a
majority of the voting rights in the Company constitutes a quorum for
purposes of the Meeting. In the absence of the requisite quorum of
shareholders at the Meeting, the Meeting will be adjourned to the same
day in the next week, at the same time and place, unless otherwise
determined at the Meeting in accordance with the Company's Amended and
Restated Articles of Association, as amended.
Additional Information and Where to Find It
In connection with the Meeting, Stratasys will send to its shareholders
of record a proxy statement describing in detail additional logistical
information related to the Meeting, the proposals to be voted on at the
Meeting, the procedure for voting in person or by proxy at the Meeting,
and the various other information related to the Meeting (including
further information related to the required vote for approval of each
proposal), along with a proxy card enabling them to indicate their vote
on each matter. The Company will also furnish copies of the proxy
statement and proxy card to the Securities and Exchange Commission (SEC)
in a report on Form 6-K, which may be obtained for free from the SEC's
website at www.sec.gov
or the Company's website at www.stratasys.com
or by directing such request to the Company's Director of Investor
This release is also available on the Stratasys website at www.Stratasys.com.
About Stratasys Ltd.
Stratasys Ltd. (Nasdaq:SSYS), headquartered in Minneapolis,
Minn. and Rehovot, Israel, is a leading global provider of 3D printing
and additive manufacturing solutions. The Company's patented FDM® and
PolyJetTM 3D Printing technologies produce prototypes and manufactured
goods directly from 3D CAD files or other 3D content. Systems include 3D
printers for personal use, idea development, prototyping and direct
digital manufacturing. Stratasys subsidiaries include MakerBot and
Solidscape, and the Company operates the RedEye digital-manufacturing
service. Stratasys has more than 1900 employees, holds more than 550
granted or pending additive manufacturing patents globally, and has
received more than 25 awards for its technology and leadership. Online
Source: Stratasys Ltd.
Source: Stratasys Ltd.