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): OCTOBER 22, 1999
DYNAMIC MATERIALS CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 0-8328 84-0608431
(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, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(C) EXHIBITS
99.1 Press Release dated October 22, 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: October 22, 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
99.1 Press Release dated October 22, 1999.
FOR IMMEDIATE RELEASE
CONTACT: MARK W. JARMAN RICHARD A. SANTA
VP OF CORPORATE DEVELOPMENT CHIEF FINANCIAL OFFICER
DYNAMIC MATERIALS CORPORATION DYNAMIC MATERIALS CORPORATION
303-604-3923 303-604-3938
DMC EVALUATES OPTIONS IN LIGHT OF
TERMINATION OF PURCHASE AGREEMENT BY AMETEK
(Lafayette, CO - October 22, 1999) Dynamic Materials Corporation, (Nasdaq:
BOOM), `DMC', today confirmed that it has been notified by AMETEK that AMETEK
has terminated the Asset Purchase Agreement (the Purchase Agreement) signed by
both companies on June 22, 1999. DMC believes AMETEK has no basis for
termination of the Purchase Agreement. However, the Company is evaluating its
position and will consider all available options to protect the interests of its
stockholders, employees and its customers.
The Company also announced that it has signed a deferral and waiver agreement
with its bank that defers certain principal payments that were due on September
30, 1999 and waives covenant defaults until December 30, 1999. In light of
AMETEK's decision to terminate the Purchase Agreement, the Company is evaluating
various business strategies and financing alternatives in an effort to
restructure its bank financing or re-capitalize the Company's balance sheet.
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