SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): SEPTEMBER 2, 1998
DYNAMIC MATERIALS CORPORATION
(Exact name of registrant as specified in its charter)
COLORADO 0-8328 84-00608431
(State or other jurisdiction (Commission (IRS Employee
of incorporation) File Number) Identification No.)
551 ASPEN RIDGE DRIVE, LAFAYETTE, CO 80026
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (303) 665-5700
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(Former name or former address, if changed since last report)
EXHIBIT INDEX APPEARS ON PAGE 4
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
99.1 Press release dated September 2, 1998
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
DYNAMIC MATERIALS CORPORATION
(Registrant)
Date September 8, 1998 By: /S/ RICHARD A. SANTA
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Name: Richard A. Santa
Title: Chief Financial Officer and Secretary
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EXHIBIT INDEX
Exhibit
No. Description
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99.1 Press release dated September 2, 1998
EXHIBIT 99.1
[LETTERHEAD OF DYNAMIC MATERIALS CORPORATION]
DMC BOARD APPOINTS NEW CHIEF EXECUTIVE OFFICER
FOR IMMEDIATE RELEASE
Wednesday, September 2, 1998
Contact: Joseph P. Allwein Mark W. Jarman
Acting Chief Executive Officer New Business Development
Dynamic Materials Corporation Dynamic Materials Corporation
303-604-3923 303-604-3923
Richard A. Santa
Chief Financial Officer
Dynamic Materials Corporation
303-604-3938
LAFAYETTE, CO--Dynamic Materials Corporation, (Nasdaq: BOOM), 'DMC,' today
announced that Paul Lange has resigned as president and CEO of the company.
Effective immediately, Joseph P. Allwein has been named as the acting president
and chief executive officer of the company.
"We are fortunate that someone of Joe's caliber came to DMC through the
acquisition of Spin Forge earlier this year," said David Bartlett, a member of
the board of directors. "Joe is an outstanding leader, manager and
communicator." Bartlett continued, "The rest of the team is excited about
supporting Joe, and they welcome his team-oriented style of management. Joe has
demonstrated his ability to implement a growth strategy, and the board
enthusiastically supports
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this change." Bartlett also added, "I wish to acknowledge the board's
appreciation of Paul Lange's contribution to the company."
Allwein, 46, has been serving as vice president and general manager of Spin
Forge, a division of the company since March of 1998, when DMC acquired certain
assets of Spin Forge, LLC for which Mr. Allwein was the president since 1996.
From 1991 to 1996, Mr. Allwein was president of Hoover Containment Systems, Inc.
(HCS), a subsidiary of Hoover Group, Inc. (Hoover), Mr. Allwein served as the
president and principal shareholder of HCS, then known as "Lube Cube, Inc.,"
from 1998 until its acquisition by Hoover in 1991. Mr. Allwein also spent 12
years in the Finance and Accounting departments at Bethlehem Steel.
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