SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8K
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 14, 1999
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DYNAMIC MATERIALS CORPORATION
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(Exact name of registrant as specified in its charter)
DELAWARE 0-8328 84-0608431
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(State or other jurisdiction (Commission (IRS Employee
of incorporation) File Number) Identification No.)
551 ASPEN RIDGE DRIVE, LAFAYETTE, CO 80026
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(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, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) EXHIBITS
99.1 Press Release dated September 14, 1999.
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SIGNATURE
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, thereto duly authorized.
DYNAMIC MATERIALS COMPANY
Dated: September 14, 1999 By: /S/ MARK W. JARMAN
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Mark W. Jarman
Vice President of Corporate Development
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EXHIBIT INDEX
Exhibit No. Description
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99.1 Press Release dated September 14, 1999.
FOR IMMEDIATE RELEASE
CONTACT: RICHARD A. SANTA MARK W. JARMAN
CHIEF FINANCIAL OFFICER VP OF CORPORATE DEVELOPMENT
DYNAMIC MATERIALS CORPORATION DYNAMIC MATERIALS CORPORATION
303-604-3938 303-604-3923
AMETEK, INC. AND DYNAMIC MATERIALS IN
DISPUTE OVER PURCHASE AGREEMENT
(Lafayette, CO - September 14, 1999) Dynamic Materials Corporation, (Nasdaq:
BOOM), `DMC', today announced that AMETEK, Inc. and DMC are in dispute over the
terms of the Asset Purchase Agreement (the Purchase Agreement) signed by both
companies on June 22, 1999. The Purchase Agreement covers the sale to AMETEK,
for $17 million, of certain assets of DMC's Clad Metal Bonding Division.
"Based on recent communications from AMETEK, AMETEK has threatened to terminate
the Purchase Agreement," said DMC's president and CEO, Joseph P. Allwein.
"AMETEK has further indicated that it may be willing to negotiate a substantial
reduction in purchase price and, while we do not agree with AMETEK's position,
we are attempting to discuss a resolution." Allwein continued, "The Company will
take all necessary actions to protect the interests of the Company and its
stockholders."
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