SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
DYNAMIC MATERIALS CORPORATION
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
267888105
(CUSIP Number)
Michel Philippe
La Societe Nationale des Poudres et Explosifs
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
March 9, 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 [X].
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 6
<PAGE>
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CUSIP No. 267888105 13D Page 2 of 6 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Nobel Explosifs France ("NEF")
IRS Employer Identification No.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
Not applicable. (b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(D) OR 2(E) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
NEF is a French corporation.
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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
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
406,400
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.44%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 267888105 13D Page 3 of 6 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
La Societe Nationale des Poudres et Explosifs ("SNPE") IRS Employer
Identification No.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
Not applicable. (b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(D) OR 2(E) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
SNPE is a French corporation wholly owned by the government of France.
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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%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1. Security and Issuer
This initial Schedule 13D 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.
Item 2. Identity and Background
(a), (b) and (c) This statement is being filed by Nobel Explosifs France, a
French corporation ("NEF"), with principal business and offices located at Tour
Aurore, 92975 Paris La Defense Cedex, France, and by La Societe Nationale des
Poudres et Explosifs ("SNPE"), a corporation wholly owned by the government of
France, with principal business and offices located at 12, Quai Henri IV, 75181
Paris Cedex 04, France. NEF is a wholly-owned subsidiary of SNPE. Any further
references to SNPE in this Schedule 13D will include NEF unless the context
indicates otherwise.
A list of the names, including business addresses and present principal
occupation of the directors and executive officers of each of NEF and SNPE is
attached hereto as Exhibit A.
(d) During the last five years SNPE has not been, and to the best knowledge
of SNPE none of the persons whose names are set forth in Exhibit A have been,
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) During the last five years SNPE has not been, and to the best knowledge
of SNPE none of the persons whose names are set forth in Exhibit A were, a party
to a civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject to a judgment,
decree or final order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state securities laws or finding any
violation with respect to such laws.
(f) To the best knowledge of SNPE, all of the persons whose names are set
forth in Exhibit A are citizens of France.
Item 3. Source and Amount of Funds or Other Consideration
The acquisition of DMC Common Stock by SNPE was financed with working
capital.
Item 4. Purpose of Transaction
The DMC Common Stock was originally acquired as a passive investment in
SNPE's business. SNPE has recently entered into discussions with DMC to consider
possible cooperative ventures between the two companies. To further strengthen
SNPE's involvement in such future cooperative ventures now under consideration,
SNPE may acquire additional shares of DMC Common Stock.
Item 5. Interest in Securities of the Issuer
(a) SNPE beneficially owns 406,400 shares of DMC Common Stock. This
position represents 14.44% of the 2,833,641 shares of DMC Common Stock
outstanding.
(b) SNPE has shared power to vote or to direct the vote and shared power to
dispose of or direct the disposition of 406,400 shares of DMC Common Stock.
Page 4 of 6
<PAGE>
(c) On January 22, 1999 SNPE acquired a total of 13,000 shares of DMC
Common Stock at a price of $4.76 per share.
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect
to Securities of the Issuer
SNPE has no contracts, arrangements, understandings or relationships (legal
or otherwise) among the persons named in Item 2 and between such persons and any
person with respect to any securities of the Issuer, including but not limited
to transfer or voting of any of the securities, finder's fees, joint ventures,
loan or option arrangements, puts or calls, guaranties of profits, division of
profits or loss, or the giving or withholding of proxies.
Item 7. Material to be Filed as Exhibits
There are no written agreements, contracts, arrangements, understandings,
plans or proposals by or between the persons named in Item 2 and any other
person relating to (1) the borrowing of funds to finance the acquisition as
disclosed in Item 3; or (2) the acquisition of control of the Issuer,
liquidation, sale of assets, merger or any change in business or corporate
structure or any other matter as disclosed in Item 6.
Page 5 of 6
<PAGE>
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: March 19, 1999
NOBEL EXPLOSIFS FRANCE
By: /s/ Bernard Hueber
Bernard Hueber
Chairman of the Board and Chief Executive Officer
LA SOCIETE NATIONALE DES POUDRES ET EXPLOSIFS, S.A.
By: /s/ Michel Philippe
Michel Philippe
Senior Vice-President Finance and Legal Affairs
Page 6 of 6
<PAGE>
Exhibit A
The following table sets forth information concerning the directors and
executive officers of SNPE:
<TABLE>
<CAPTION>
Name Occupation Business Address
<S> <C> <C>
Jean Paul Bechat Chairman of the Board and Chief Executive Officer, *
SNECMA
Pierre Betin General Manager, SNECMA *
Jean Pierre Comte Staff Representative, SNPE *
Philippe Coq Representative, Ministry of Defense *
Charles Cornuau Staff Representative, SNPE *
Philippe Demarescaux Executive Vice-President, Rhone-Poulenc *
Alain Diot Staff Representative, SNPE *
Daniel Doyen Senior Vice-President Defense and Space, SNPE *
Jean Pierre Dubreuil Representative, Ministry of Economy *
Jean Faure Chairman of the Board and Chief Executive Officer, SNPE *
Gisele Herve Staff Representative, SNPE *
Jacky Heude Shareholders' Representative, SNPE *
Pierre Joly Chairman of the Board, Foundation for Medical Research *
Jacques Loppion Chairman of the Board, GIAT Industries *
Joseph Mailloux Representative, Ministry of Defense *
Michel Nicolas Vice-President Industrial Affairs, SNPE *
Alain Pesson Representative, Ministry of Industry *
Alain Philippe Staff Representative, SNPE *
- i -
<PAGE>
Michel Philippe Senior Vice-President Finance and Legal Affairs, SNPE *
Bernard Riviere Senior Vice-President Chemicals, SNPE *
Gilbert Venet Representative, Ministry of Economy *
Carol Waligorski Staff Representative, SNPE *
</TABLE>
* Business address is SNPE 12, Quai Henri IV, 75181 Paris Cedex 04, France.
The following table sets forth information concerning the directors and
executive officers of NEF:
<TABLE>
<CAPTION>
Name Principal Occupation Business Address
<S> <C> <C>
Marlene Aubry Staff Representative, NEF **
Christian Brogniart Staff Representative, NEF **
Yves Charvin Subsidiaries and Legal, SNPE **
Marie Claire Darmagnac Staff Representative, NEF **
Daniel Doyen Representative, SNPE; Senior Vice-President Defense and **
Space, SNPE
Bernard Hueber Chairman of the Board and Chief Executive Officer, NEF **
Michel Nicolas Vice-President Industrial Affairs, SNPE **
Michel Philippe Representative, Sofigexi; Senior Vice-President Finance **
and Legal Affairs, SNPE
Bernard Rosso Senior Vice-President, NEF **
Monique Strycharz Controller, SNPE **
Roger Thiard Executive Vice-President Nobleclad, NEF **
</TABLE>
** Business address is Nobel Explosifs France, Tour Aurore,
92975 Paris La Defense Cedex, France.
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