CFO Michael Kuta to retire by March 5, 2023; equity to fully vest

DMC Global Inc.

Michael Kuta will remain CFO through March 5, 2023 or until a successor is appointed.
Kuta receives a 2022 bonus based on the same corporate performance rating as other senior managers.
Outstanding equity awards (16,561 restricted shares and 17,051 performance units at target) will vest fully on the retirement date.
Kuta must execute a waiver and release to receive retirement benefits.
No successor CFO has been named as of the filing date.

item 5.02 item 9.01

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Departed

Michael Kuta

Chief Financial Officer

BOOM · DMC Global Inc.

Effective: 2023-03-05
Filed: September 30, 2022, 7:59 PM ET

On September 29, 2022, DMC Global Inc. (the “Company”) entered into a Retirement Agreement with Michael Kuta, its Chief Financial Officer (the “Retirement Agreement”).

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Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Kuta retired as Chief Financial Officer at DMC Global Inc..

Action: retired
Role: Chief Financial Officer

Exact text from the filing

On September 29, 2022, DMC Global Inc. (the “Company”) entered into a Retirement Agreement with Michael Kuta, its Chief Financial Officer (the “Retirement Agreement”).

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Source: SEC EDGAR

accession 0000034067-22-000114

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