3D Systems Corporation (NYSE: DDD) announced today that it filed a preliminary proxy statement with the Securities and Exchange Commission (“SEC”) that proposes to amend the Company’s Charter to increase the number of authorized shares of Common Stock from 60 million to 120 million, primarily as a result of the two-for-one stock split in the form of a 100% stock dividend completed in May 2011 in which approximately 25 million shares of Common Stock were issued.
The Company has filed a preliminary proxy statement and notice of special meeting of stockholders scheduled for October 7, 2011. Subject to SEC approval, the Company intends to file a final proxy and notice with the SEC and to mail notices to its stockholders in late August 2011.
“This amendment restores the pre-split flexibility that we had to issue shares of Common Stock for future corporate needs,” said Abe Reichental, CEO. “Given our strategic initiatives, we believe it is good governance to have all viable alternatives in place to enable us to continue to grow profitably and responsibly."
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Copies of the preliminary proxy statement can be obtained free of charge by visiting the SEC's website.