Form 8-K DMC Global Inc. For: Nov 15
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E-mailUNITED 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
Date of Report (Date of Earliest Event Reported): November 15, 2016
DMC Global Inc.
(Exact Name of Registrant as Specified in its Charter)
Delaware | 0-8328 | 84-0608431 | ||
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||
5405 Spine Road
Boulder, Colorado 80301
(Address of Principal Executive Offices, Including Zip Code)
(303) 665-5700
(Registrant’s Telephone Number, Including Area Code)
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On November 15, 2016, DMC Global Inc. (the “Company”) appointed Peter Rose to serve on the Board of Directors (the “Board”).
Mr. Rose is a senior advisor to Blackstone, the world’s largest alternative asset manager. He is also vice chairman of Sard Verbinnen, one of the leading strategic communications firms in the United States. From 2007 to 2016, he was a senior managing director with Blackstone and served as its global head of public affairs. Prior to that, Mr. Rose spent 20 years with Goldman Sachs, where he was a managing director and held a variety of senior positions in government relations and media relations in Washington DC, New York and Hong Kong. From 1983 to 1987 he was chief of staff to Congressman Mike Synar (D-Okla) and a partner with the law firm of Williams and Jensen in Washington DC. Mr. Rose is a graduate of the George Washington University and the Yale Law School.
Mr. Rose has not yet been appointed to serve on any committees of the Board at this time. The Company will file an amendment to this Current Report on Form 8-K disclosing any future appointment.
Mr. Rose will be compensated for his service as a director in accordance with the Company’s standard director compensation program.
There are no family relationships between Mr. Rose and any officer of other director of the Company or any related party transactions involving Mr. Rose and the Company. There is no arrangement or understanding between Mr. Rose and any other person pursuant to which he was selected as a director.
A copy of the press release announcing Mr. Rose's appointment is included as Exhibit 99.1 hereto.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number | Description | ||
99.1 | Press release, November 17, 2016 | ||
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.
DYNAMIC MATERIALS CORPORATION | ||
Dated: November 17, 2016 | By: | /s/ Michael Kuta |
Michael Kuta | ||
Chief Financial Officer | ||
Exhibit 99.1
[Letterhead of DMC]
FOR IMMEDIATE RELEASE: | CONTACT: |
Geoff High, Vice President of Investor Relations | |
303-604-3924 | |
PETER ROSE APPOINTED TO DMC GLOBAL’S BOARD OF DIRECTORS
BOULDER, Colo. - November 17, 2016 - DMC Global (formerly “Dynamic Materials Corporation”) (Nasdaq: BOOM), today announced its board of directors has elected Peter Rose as an independent director.
Mr. Rose is a senior advisor to Blackstone, the world’s largest alternative asset manager. From 2007 to 2016, he was a senior managing director with Blackstone, and served as its global head of public affairs. Mr. Rose also spent 20 years with Goldman Sachs, where he was a managing director and held a variety of senior positions in government relations and media relations in Washington DC, New York and Hong Kong.
Mr. Rose currently is vice chairman of Sard Verbinnen, one of the leading strategic communications firms in the United States. From 1983 to 1987 he was chief of staff to Congressman Mike Synar (D-Okla) and a partner with the law firm of Williams and Jensen in Washington DC.
Gerard Munera, DMC’s chairman, said, “Peter’s extensive experience with world-leading financial, investment banking and strategic communications firms will prove extremely valuable to DMC’s board. We are pleased to welcome him as an independent director, and look forward to his perspectives and contributions as DMC pursues its global growth initiatives.”
Mr. Rose is a graduate of the George Washington University and the Yale Law School. He serves on the national board of the NAACP, where he also was on the search committee for its current CEO. He is married to Alicia Kershaw, CEO of GALLOP NYC, which provides therapeutic horsemanship to people with disabilities. They have three children and live in New York City.
About DMC Global
Based in Boulder, Colorado, DMC Global operates in two sectors: industrial infrastructure and oilfield products and services. The industrial infrastructure sector is served by DMC’s NobelClad business, the world’s largest manufacturer of explosion-welded clad metal plates, which are used to fabricate capital equipment utilized within various process industries and other industrial sectors. The oilfield products and services sector is served by DynaEnergetics, an international developer, manufacturer and marketer of advanced explosive components and systems used to perforate oil and gas wells. For more information, visit the Company’s website at: http://www.dmcglobal.com
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