DMC Global CEO Michael Kuta to retire Nov 29; James O'Leary named interim CEO

DMC Global Inc.

Michael Kuta retires as President, CEO, and director effective Nov 29, 2024; retirement not due to disagreement.
Executive Chairman James O'Leary appointed Interim President and CEO, effective Nov 29, 2024.
Board size reduced to six from seven upon Kuta's departure.
O'Leary brings 40 years of executive and board experience; sits on Builders FirstSource (BLDR) board.
O'Leary's interim CEO compensation to be set later; previously awarded $500K base salary as Executive Chairman.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Michael Kuta

President and Chief Executive Officer

BOOM · DMC Global Inc.

Effective: 2024-11-29
Successor: James O'Leary
Filed: November 14, 2024, 6:59 PM ET

On November 11, 2024, Michael Kuta notified DMC Global Inc. (the “Company”) that he will retire as the Company’s President and Chief Executive Officer and as a member of the Board of Directors (the “Board”), in each case effective as of November 29, 2024 (the “Transition Date”).

Appointed (interim)

James O'Leary

Interim President and Chief Executive Officer

BOOM · DMC Global Inc.

Effective: 2024-11-29
Filed: November 14, 2024, 6:59 PM ET

On November 12, 2024, the Board appointed James O’Leary, the Company’s Executive Chairman, as the Company’s Interim President and Chief Executive Officer, effective as of the Transition Date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Kuta retired as President and Chief Executive Officer at DMC Global Inc..

Action: retired
Role: President and Chief Executive Officer

Exact text from the filing

On November 11, 2024, Michael Kuta notified DMC Global Inc. (the “Company”) that he will retire as the Company’s President and Chief Executive Officer and as a member of the Board of Directors (the “Board”), in each case effective as of November 29, 2024 (the “Transition Date”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

James O'Leary was appointed as Interim President and Chief Executive Officer at DMC Global Inc..

Action: appointed
Role: Interim President and Chief Executive Officer

Exact text from the filing

On November 12, 2024, the Board appointed James O’Leary, the Company’s Executive Chairman, as the Company’s Interim President and Chief Executive Officer, effective as of the Transition Date.

View on SEC.gov

DMC Global Inc. filing history →

Source: SEC EDGAR

accession 0000034067-24-000162

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