DMC Global Inc. Announces Executive and Board Changes
Ticker: BOOM · Form: 8-K · Filed: Nov 19, 2024 · CIK: 34067
Sentiment: neutral
Topics: management-change, board-composition, executive-compensation
TL;DR
DMC Global exec shuffle and board changes announced Nov 13th.
AI Summary
DMC Global Inc. announced on November 13, 2024, a series of executive changes and the election of new directors. The company also reported on compensatory arrangements for its officers. This filing details the departure of certain officers and directors, the appointment of new ones, and related compensation matters.
Why It Matters
Changes in executive leadership and board composition can signal shifts in company strategy, operational focus, or governance, potentially impacting future performance and shareholder value.
Risk Assessment
Risk Level: medium — Executive and board changes can introduce uncertainty regarding future strategy and leadership stability.
Key Players & Entities
- DMC Global Inc. (company) — Registrant
- November 13, 2024 (date) — Date of Earliest Event Reported
FAQ
What specific executive positions saw changes?
The filing indicates changes related to the 'Departure of Directors or Certain Officers' and 'Appointment of Certain Officers', but does not specify the exact positions in the provided text.
Who are the newly elected directors?
The filing mentions the 'Election of Directors' but does not list the names of the newly elected directors in the provided text.
What is the nature of the compensatory arrangements discussed?
The filing refers to 'Compensatory Arrangements of Certain Officers' but does not provide specific details on these arrangements in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on November 13, 2024.
What is DMC Global Inc.'s state of incorporation?
DMC Global Inc. is incorporated in Delaware.
Filing Stats: 881 words · 4 min read · ~3 pages · Grade level 15.3 · Accepted 2024-11-19 17:01:16
Key Financial Figures
- $0.05 — nge on which registered Common Stock, $0.05 Par Value BOOM The Nasdaq Global Se
Filing Documents
- tm2428890d1_8k.htm (8-K) — 31KB
- tm2428890d1_ex10-1.htm (EX-10.1) — 35KB
- tm2428890d1_ex10-2.htm (EX-10.2) — 40KB
- 0001104659-24-120619.txt ( ) — 339KB
- boom-20241113.xsd (EX-101.SCH) — 3KB
- boom-20241113_def.xml (EX-101.DEF) — 26KB
- boom-20241113_lab.xml (EX-101.LAB) — 36KB
- boom-20241113_pre.xml (EX-101.PRE) — 25KB
- tm2428890d1_8k_htm.xml (XML) — 5KB
02 Departure of Directors or Certain
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On November 13, 2024, in order to reward, retain and further incentivize certain members of the leadership team of DMC Global Inc. (the "Company") and to continue to maintain a strong emphasis on long-term shareholder value creation, the Compensation Committee of the Board of Directors of the Company approved a special retention grant for each of (i) Eric Walter, Chief Financial Officer of the Company, and (ii) Michelle Shepston, Executive Vice President, Chief Legal Officer and Secretary of the Company, respectively (each, a "Retention Grant"). Each Retention Grant, which consists 50% of restricted stock and 50% of cash, has a grant date value equal to one times the respective officer's base salary and will vest eighteen (18) months from the grant date, subject to the executive officer's continued service and the terms of the 2016 Omnibus Incentive Plan and a restricted stock award agreement (the "RSA Retention Agreement") (with respect to the restricted stock award) and a cash retention letter agreement (the "Cash Retention Agreement" and together with the RSA Retention Agreement, the "Retention Agreements"). Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Retention Agreements. The Retention Agreements provide that if the executive officer's Continuous Service (i) terminates due to the executive officer's death or Disability, (ii) is terminated by the Company without Cause, or (iii) is terminated by the executive officer for Good Reason, while the cash award has not vested or while the shares of restricted stock are subject to a Period of Restriction, each award shall vest and become free of the forfeiture and transfer restrictions described in the respective Retention Agreement, on the date of the executive officer's termination of Continuous Service for such re
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits. Exhibit Number Description 10.1 Form of RSA Retention Agreement 10.2 Form of Cash Retention Letter Agreement 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE 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. DMC GLOBAL INC. By: /s/Michelle Shepston Name: Michelle Shepston Title: Executive Vice President and Chief Legal Officer Date: November 19, 2024