secwatch.observer — SEC 8-K summary
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Issuer:     DMC Global Inc. (BOOM)
CIK:        0000034067
Form:       8-K
Filed at:   2023-02-16T23:59:59+00:00
Accession:  0000034067-23-000023
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Former CEO Kevin Longe enters severance agreement with DMC Global
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/34067/000003406723000023/0000034067-23-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/34067/000003406723000023/boom-20230213.htm
  HTML page:      https://secwatch.observer/filing/0000034067-23-000023

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer