DMC Global Inc 8-K, filed May 12, 2023
DMC Global Inc. (BOOM)
8-K
2023-05-12
For: 2023-05-10
View Original
Added on
April 10, 2026
About this 8-K
DMC Global Inc filed this 8-K on May 12, 2023, reporting on events of May 10, 2023.
Items reported
- Item 5.07: Shareholder vote results
- Item 8.01: Other events
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
Date of Report (Date of Earliest Event Reported): May 10, 2023
(Exact Name of Registrant as Specified in its Charter)
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
(Address of Principal Executive Offices, Including Zip Code)
(303 ) 665-5700
(Registrant’s Telephone Number, Including Area Code)
| Title of each class | Trading Symbol | Name of exchange on which registered | ||||||||||||
Common Stock, $0.05 Par Value | BOOM | The Nasdaq Global Select Market | ||||||||||||
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:
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).
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. o
Item 5.07 Submission of Matters to a Vote of Security Holders.
The Annual Meeting of Stockholders (the "Annual Meeting") of DMC Global Inc. (the “Company”) was held on May 10, 2023. At the Annual Meeting, the stockholders of the Company (i) elected the six persons listed below to serve as directors of the Company until the 2024 Annual Meeting of Stockholders; (ii) approved, by a non-binding advisory vote, the compensation of the Company’s executive officers; (iii) approved, by a non-binding advisory vote, the frequency of future advisory votes on the compensation of the Company’s executive officers; (iv) approved an amendment to the Company's Amended and Restated Certificate of Incorporation to allow officer exculpation; and (v) ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023.
The Company had 19,716,800 shares of Common Stock outstanding as of March 16, 2023, the record date for the Annual Meeting. At the Annual Meeting, holders of a total of 17,487,165 shares of Common Stock were present in person or represented by proxy. The following sets forth information regarding the results of the voting at the Annual Meeting:
Proposal 1: The stockholders elected each of the six nominees to the Board of Directors for a one-year term. The voting results were as follows:
| Name | Shares Voted "For" | Shares Withheld | Broker Non-Votes | |||||||||||||||||
| David C. Aldous | 14,680,433 | 587,466 | 2,219,266 | |||||||||||||||||
| Richard P. Graff | 14,511,317 | 756,582 | 2,219,266 | |||||||||||||||||
| Robert A. Cohen | 14,381,226 | 886,673 | 2,219,266 | |||||||||||||||||
| Ruth I. Dreessen | 14,982,775 | 285,124 | 2,219,266 | |||||||||||||||||
| Michael A. Kelly | 13,137,239 | 2,130,660 | 2,219,266 | |||||||||||||||||
| Clifton Peter Rose | 13,657,116 | 1,610,783 | 2,219,266 | |||||||||||||||||
Proposal 2: The results on the non-binding advisory vote concerning the compensation of the Company's named executive officers (the “say-on-pay vote”) were as follows:
| Shares Voted "For" | Shares Voted "Against" | Shares Voted "Abstain" | Broker Non-Votes | |||||||||||||||||
| 14,650,432 | 494,575 | 122,892 | 2,219,266 | |||||||||||||||||
Proposal 3: The results on the non-binding advisory vote concerning the frequency of the advisory vote on the compensation of the Company's named executive officers were as follows:
| Shares Voted "1 year" | Shares Voted "2 years" | Shares Voted "3 years" | Shares Voted "Abstain" | Broker Non-Votes | ||||||||||||||||||||||
| 14,705,847 | 41,688 | 404,731 | 115,633 | 2,219,266 | ||||||||||||||||||||||
Proposal 4: The stockholders approved the amendment of the Company's Amended and Restated Certificate of Incorporation to allow officer exculpation. The voting results were as follows:
| Shares Voted "For" | Shares Voted "Against" | Shares Voted "Abstain" | Broker Non-Votes | |||||||||||||||||
| 11,900,397 | 3,335,476 | 32,026 | 2,219,266 | |||||||||||||||||
Proposal 5: The stockholders ratified the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023. The voting results were as follows:
| Shares Voted "For" | Shares Voted "Against" | Shares Voted "Abstain" | ||||||||||||
| 16,992,972 | 487,425 | 6,768 | ||||||||||||
Item 8.01 Other Events.
As of May 10, 2023, the composition of the committees of the Board of Directors is as follows:
| Name | Audit Committee | Compensation Committee | Corporate Governance and Nominating Committee | Risk Committee | ||||||||||||||||||||||
| David C. Aldous | P | |||||||||||||||||||||||||
| Richard P. Graff | P | P | ||||||||||||||||||||||||
| Robert A. Cohen | P | C | P | |||||||||||||||||||||||
| Ruth I. Dreessen | C | |||||||||||||||||||||||||
| Michael A. Kelly | P | P | C | |||||||||||||||||||||||
| Clifton Peter Rose | P | C | ||||||||||||||||||||||||
C - Chair P - Member
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.
| DMC Global Inc. | |||||||||||
| Dated: | May 12, 2023 | By: | /s/ Eric V. Walter | ||||||||
| Eric V. Walter | |||||||||||
| Chief Financial Officer | |||||||||||