DMC Global amends charter to exculpate officers; stockholders favor annual say-on-pay votes

DMC Global Inc.

Filed certificate of amendment to exculpate officers from certain monetary liabilities under Delaware law, effective May 15, 2023.
Amendment approved by stockholders at May 10, 2023 annual meeting.
Advisory vote on say-on-pay frequency: majority favored annual vote; company will continue annual say-on-pay votes.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

DMC Global Inc.: Amended certificate of incorporation to exculpate officers from certain monetary liabilities as permitted by Delaware law (effective 2023-05-15).

Change: charter amendment
Effective: 2023-05-15

Exact text from the filing

On May 15, 2023, DMC Global Inc. (the “Company”) filed with the Secretary of State of the State of Delaware an amendment to its amended and restated certificate of incorporation to exculpate its officers from certain potential monetary liabilities as permitted by Delaware law.

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Source: SEC EDGAR

accession 0000034067-23-000110

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