Xometry Inc. filed SEC Form 8-K: Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 15, 2024, the Board of Directors (the “Board”) of Xometry, Inc. (the “Company”) appointed Roy Azevedo to serve as a member of the Board, effective on October 15, 2024 (the “Effective Date”). Mr. Azevedo will serve as a Class II director whose term will expire at the Company’s 2026 annual meeting of stockholders. The Board also appointed Mr. Azevedo as a member of the Audit Committee, effective as of the Effective Date.
As a non-employee director of the Company, Mr. Azevedo will participate in the Company’s non-employee director compensation program. Pursuant to this program, Mr. Azevedo will receive (i) an initial equity award (the “Initial RSU Award”) of restricted stock units (“RSUs”) pursuant to the Company’s 2021 Equity Incentive Plan (the “Plan”), in an amount equal to a grant date value of $300,000 based on the average closing price of the Company’s common stock during the twenty days prior to the grant date, and (ii) an annual equity award (the “Annual RSU Award”) of RSUs pursuant to the Plan, in an amount equal to a grant date value of $43,750, representing the standard annual award of RSUs with a grant date value of $175,000 prorated for three months of Mr. Azevedo’s service for the remainder of the year ending December 31, 2024, based on the average closing price of the Company’s common stock during the twenty days prior to the grant date. The Initial RSU Award will vest in three equal annual installments on the first, second and third anniversaries of the grant date, subject to Mr. Azevedo’s continued service with the Company through each such vesting date. The Annual RSU Award will vest in full on January 1, 2025, subject to Mr. Azevedo’s continued service with the Company through such vesting date. Mr. Azevedo will also be eligible each year to receive an equity award of RSUs pursuant to the Plan, in an amount equal to a grant date value of $175,000. In addition, Mr. Azevedo will be paid an annual cash retainer of $35,000 for his service as a member of the Board, plus an additional annual cash retainer of $10,000 for his service as a member of the Audit Committee, which amounts for 2024 will be prorated for three months of service for the remainder of the year ending December 31, 2024 (Mr. Azevedo can elect to receive these retainer amounts as restricted stock units). Mr. Azevedo will be eligible for additional amounts for service on any additional committee(s) to which he may be appointed in the future.
In connection with Mr. Azevedo’s appointment to the Board, the Company and Mr. Azevedo will enter into the Company’s standard form of indemnification agreement (the “Indemnification Agreement”). The Indemnification Agreement requires the Company to indemnify Mr. Azevedo, to the fullest extent permitted by Delaware law, for certain liabilities to which he may become subject as a result of his affiliation with the Company.
There are no arrangements or understandings between Mr. Azevedo and any other person pursuant to which he was selected as a director, and Mr. Azevedo does not have a material interest in any transaction that is required to be disclosed by Item 404(a) of Regulation S-K promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
Item 7.01. Regulation FD Disclosure.
On October 17, 2024, the Company issued a press release announcing the appointment of Mr. Azevedo to the Board. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
As provided in General Instruction B.2 of Form 8-K, the information set forth under this Item 7.01 and in the accompanying Exhibit 99.1 is being furnished and shall not be deemed “filed” for purposes of the Exchange Act or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, except as otherwise expressly stated in such filing.
Item 9.01 Financial Statements and Exhibits.
Exhibit No. |
Description |
104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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 thereunto duly authorized.
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XOMETRY, INC. |
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Date: |
October 17, 2024 |
By: |
/s/ Randolph Altschuler |
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Randolph Altschuler |