SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
DYNAMIC MATERIALS CORPORATION
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
267888105
(CUSIP Number)
Michel Philippe
SNPE
12, Quai Henri IV
75181 Paris Cedex 04, France
011-33-1-4804-6554
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
with a copy to:
Pierre F. de Ravel d'Esclapon
LeBoeuf, Lamb, Greene & MacRae, L.L.P.
125 West 55th Street
New York, NY 10019-5389
(212) 424-8000
May 10, 1999
(Date of Event which Requires Filing
of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Note: See Rule 13d-7 for other parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
(Continued on following page(s))
Page 1 of 4
<PAGE>
CUSIP No. 267888105 13D Page 2 of 4 Pages
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Nobel Explosifs France ("NEF")
IRS Employer Identification No.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
Not applicable. (b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(D) OR 2(E) [_]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
NEF is a French corporation.
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
-------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 406,400
-------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
-------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 406,400
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
406,400
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [_]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.44%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 267888105 13D Page 3 of 4 Pages
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SNPE ("SNPE") IRS Employer Identification No.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
Not applicable. (b) [_]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(D) OR 2(E) [_]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
SNPE is a French corporation wholly owned by the government of France.
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
-------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 406,400
-------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
-------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 406,400
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
406,400
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [_]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.44%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 267888105 13D Page 4 of 4 Pages
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Item 1. Security and Issuer
This Amendment No. 1 ("Amendment No. 1") to the Schedule 13D originally
filed by Nobel Explosifs France ("NEF") and La Societe Nationale des Poudres et
Explosifs ("SNPE," and now known exclusively as "SNPE") relates to the Common
Stock, without par value (the "DMC Common Stock"), of Dynamic Materials
Corporation, a Delaware corporation (the "Issuer"). The address of the principal
executive offices of the Issuer is 551 Aspen Ridge Drive, Lafayette, Colorado
80026. This Amendment No. 1 is being filed to reflect certain changes to Item 4.
Item 4. Purpose of transaction
After reviewing the evolution of the Issuer's financial results for the
quarter ended March 31, 1999 announced April 22, 1999 and the financial
information presented in the Issuer's Annual Report on Form 10-K for the year
ended December 31, 1998, SNPE and NEF wish to discuss with the Issuer (1)
possible ways in which they might combine the explosive bonding business of NEF
with that of the Issuer and (2) the possibility of strengthening the Issuer's
balance sheet by subscribing for newly issued DMC Common Stock in an amount and
upon conditions to be mutually agreed, including, without limitation, the
possible rescission of the Rights Agreement dated as of January 8, 1999 between
the Issuer and Harris Trust and Savings Bank or the redemption of any rights
issued thereunder.
Signature
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete, and
correct.
Date: May 10, 1999
NOBEL EXPLOSIFS FRANCE
By: /s/ Bernard Hueber
Bernard Hueber
Chairman of the Board and Chief Executive Officer
SNPE
By: /s/ Michel Philippe
Michel Philippe
Senior Vice-President Finance and Legal Affairs
Page 4 of 4
