Former CEO Kevin Longe enters severance agreement with DMC Global

DMC Global Inc.

Kevin Longe stepped down as CEO effective Jan 15, 2023; severance agreement signed Feb 13, 2023.
Severance includes 18 months salary ($53,333/month), lump sum $626,100, and $743,040 for 2022 bonus.
Unvested restricted stock (66,651 shares) fully vested; 2021/2022 performance units vest at 50% of target (25,832 shares).
Additional cash payment of $34,478.28 for other obligations.
Release of claims and confidentiality obligations.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Kevin Longe

Chief Executive Officer

BOOM · DMC Global Inc.

Effective: 2023-01-15
Filed: February 16, 2023, 6:59 PM ET

Kevin Longe, previously the Chief Executive Officer of the Company, stepped down effective January 15, 2023

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kevin Longe departed as Chief Executive Officer at DMC Global Inc..

Action: stepped down
Role: Chief Executive Officer

Exact text from the filing

Kevin Longe, previously the Chief Executive Officer of the Company, stepped down effective January 15, 2023

View on SEC.gov

DMC Global Inc. filing history →

Source: SEC EDGAR

accession 0000034067-23-000023

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.