3D Systems (ticker: DDD) announced on August 4 that Dr. Jeffrey A. Graves, its President and CEO and a board member, will step down and retire from the board, but will stay on until a successor is hired — expected later this year. After that, he'll serve as a consultant for six months. The company also signed a severance agreement with him that includes a payout worth 150% of his current annual salary (paid in 18 installments), a lump sum equal to 50% of his salary, up to 18 months of COBRA coverage, and continued vesting of certain equity awards tied to his continued service.
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