SEC Filing | Proto Labs Inc

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prlb20211115_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

November 15, 2021

Date of report (Date of earliest event reported)

PROTO LABS, INC.

(Exact Name of Registrant as Specified in its Charter)

Minnesota		001-35435		41-1939628
(State of Incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

5540 Pioneer Creek Drive Maple Plain, Minnesota		55359
(Address of Principal Executive Offices)		(Zip Code)

(763) 479-3680

(Registrant’s Telephone Number, Including Area Code)

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 (see General Instruction A.2. below):

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, Par Value $0.001 Per Share	PRLB	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 15, 2021, the Board of Directors (the “Board”) of Proto Labs, Inc. (the “Company”) elected Stacy Greiner as a member of the Board, effective immediately. The size of the Board was increased to nine in connection with Ms. Greiner's election.

Ms. Greiner serves as the General Manager, North America Sales & Marketing Business for Dun & Bradstreet, a leading global provider of business decisioning data and analytics. Ms. Greiner has significant expertise in general management, digital marketing, and data analytics. Prior to her current position, Ms. Greiner was Chief Marketing Officer for Dun & Bradstreet and responsible for brand and marketing strategy. Prior to joining Dun & Bradstreet, Ms. Greiner held executive roles at DMI, Cisco, DXC and IBM. Ms. Greiner holds an MBA from the MIT Sloan School of Management and a BS in Aerospace Engineering from Iowa State University.

Ms. Greiner will be compensated for her service on the Board pursuant to the Company’s Non-Employee Director Compensation Program, including an initial equity award valued at $145,000 with immediate vesting and an additional annual stock unit grant which will be pro-rated for the time between Ms. Greiner’s appointment and the anniversary of the most recent annual meeting of shareholders, with vesting at the next annual meeting, in connection with her appointment to the Board. Ms. Greiner will also receive a quarterly cash retainer of $12,500 as a member of the Board.

Other than as described herein, there are no arrangements or understandings between Ms. Greiner and any other persons pursuant to which Ms. Greiner was elected as a director of the Company. Ms. Greiner has no direct or indirect material interest in any currently proposed transaction in which the Company is to be a participant and the amount involved exceeds $120,000, nor has Ms. Greiner had a direct or indirect material interest in any such transaction since the beginning of the Company’s last fiscal year.

A copy of the press release issued by the Company on November 16, 2021 announcing Ms. Greiner’s election as a director is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

99.1 Press release of Proto Labs, Inc. dated November 16, 2021

104 Cover Page Interactive Data File (formatted as Inline XBRL)

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.

		PROTO LABS, INC.


Date: November 16, 2021		/s/ Robert Bodor
		Robert Bodor President and Chief Executive Officer

ex_308089.htm

Exhibit 99.1

Injection Molding
Sheet Metal Fabrication
CNC Machining
3D Printing

Protolabs Names Stacy Greiner to Board of Directors

GM and CMO at Dun & Bradstreet brings 20 years of strategic product and marketing leadership to Protolabs

MINNEAPOLIS, MINN.—November 16—Digital manufacturer Protolabs (NYSE: PRLB) has named Stacy Greiner to its board of directors, effective Monday, Nov. 15. Greiner serves as the General Manager, North America Sales & Marketing Business for Dun & Bradstreet, a leading global provider of business decisioning data and analytics. In this role, she is responsible for the growth and profitability of the company’s Sales and Marketing Solutions. Prior to becoming General Manager, Greiner was Chief Marketing Officer, responsible for the company’s brand and marketing strategy. Greiner has a strong leadership track record, having held executive roles at DMI, Cisco, DXC and IBM.

“I am delighted to welcome Stacy to the Protolabs Board of Directors,” said Archie Black, Chairman of the Protolabs Board of Directors. “She is joining our Board at an exciting time for the company as we position Protolabs for strong growth with the launch of our new e-commerce platform as well as the acquisition of Hubs and its new global manufacturing supply network.”

Greiner’s immense knowledge in general management, digital marketing, and data analytics complements Protolabs’ board member experience and aligns well with the strategic vision of the technology-enabled manufacturing company.

“It is a great privilege to be joining the Board at Protolabs during a time when the company is driving an innovation-led agenda to grow its digital manufacturing services,” said Greiner. “With my go-to-market experience and digital marketing background, I look forward to working with the Board and leadership team to help the company accelerate its growth.”

Greiner holds an MBA from the MIT Sloan School of Management and a BS in Aerospace Engineering from Iowa State University.

About Protolabs
Protolabs is the world’s leading provider of digital manufacturing services. The e-commerce-based company offers injection molding, CNC machining, 3D printing, and sheet metal fabrication to product developers, engineers, and supply chain teams across the globe. Protolabs serves customers using in-house production capabilities that bring unprecedented speed in tandem with Hubs, a Protolabs Company, which serves customers through its network of premium manufacturing partners. Together, they help companies bring new ideas to market with the fastest and most comprehensive digital manufacturing service in the world. Visit protolabs.com for more information.

Investor Relations Contact

Protolabs

Dan Schumacher, 763-479-7240

Vice President of Investor Relations and FP&A

daniel.schumacher@protolabs.com

Media Contact

Protolabs

Will Martin, 763-479-7719

Director of Marketing Communications

will.martin@protolabs.com

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