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
December 22, 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>
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CUSIP No. 267888105 13D Page 2 of 7 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SNPE, Inc.
IRS Employer Identification No. 22-2651646
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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
SNPE, Inc. is a Delaware 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)
14.37%
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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 7 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SOFIGEXI
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
SOFIGEXI 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)
14.37%
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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 4 of 7 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SNPE
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
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
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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)
14.37%
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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, $.05 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 SNPE, Inc., a Delaware
corporation, with principal business and offices located at 5 Vaughn Drive,
Suite 111, Princeton, NJ 08540, SOFIGEXI, a corporation formed under the laws of
France, with principal business and offices located at 12, Quai Henri IV, 75004
Paris, France and by 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. SNPE, Inc. is a wholly-owned subsidiary of SOFIGEXI, and
SOFIGEXI is a wholly-owned subsidiary of SNPE. Any further references to SNPE in
this Schedule 13D will include SNPE, Inc. and SOFIGEXI 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 SNPE, Inc.,
SOFIGEXI 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, Stephen D. Kramer and Dan M. Slick are
citizens of the United States of America, and all of the other 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
SNPE has recently reentered into discussions with the Issuer to consider
(1) possible ways in which they might combine the explosive bonding business of
SNPE 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.
Item 5. Interest in Securities of the Issuer
(a) SNPE beneficially owns 406,400 shares of DMC Common Stock. This
position represents 14.37% of the 2,828,577 shares of DMC Common Stock
outstanding.
Page 5 of 7
<PAGE>
(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.
(c) On December 22, 1999 SNPE, Inc. acquired 406,400 shares of DMC Common
Stock from Nobel Explosifs France, another wholly-owned subsidiary of SNPE, at a
price of $1.44 per share, in a transaction executed for internal accounting
purposes.
(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 6 of 7
<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: December 30, 1999
SNPE, INC.
By: /s/ Bernard Fontana
Bernard Fontana
Chairman of the Board and Chief Executive Officer
SOFIGEXI
By: /s/ Michel Philippe
Michel Philippe
Chairman
SNPE
By: /s/ Michel Philippe
Michel Philippe
Vice President and CFO
Page 7 of 7
<PAGE>
Exhibit A
The following table sets forth information concerning the directors and
executive officers of SNPE:
<TABLE>
<S> <C> <C>
Name Occupation Business Address
Jean Paul Bechat Chairman of the Board and Chief Executive Officer, (i)
SNECMA
Pierre Betin General Manager, SNECMA (i)
Jean Pierre Comte Staff Representative, SNPE (i)
Philippe Coq Representative, Ministry of Defense (i)
Charles Cornuau Staff Representative, SNPE (i)
Philippe Demarescaux Executive Vice-President, Rhone-Poulenc (i)
Alain Diot Staff Representative, SNPE (i)
Daniel Doyen Senior Vice-President Defense and Space, SNPE (i)
Jean Pierre Dubreuil Representative, Ministry of Economy (i)
Jean Faure Chairman of the Board and Chief Executive Officer, (i)
SNPE
Gisele Herve Staff Representative, SNPE (i)
Jacky Heude Shareholders' Representative, SNPE (i)
Pierre Joly Chairman of the Board, Foundation for Medical Research (i)
Jacques Loppion Chairman of the Board, GIAT Industries (i)
Joseph Mailloux Representative, Ministry of Defense (i)
Michel Nicolas Vice-President Industrial Affairs, SNPE (i)
Alain Pesson Representative, Ministry of Industry (i)
Alain Philippe Staff Representative, SNPE (i)
Michel Philippe Vice President and CFO, SNPE (i)
Bernard Riviere Vice President and CEO, SNPE (i)
Gilbert Venet Representative, Ministry of Economy (i)
Carol Waligorski Staff Representative, SNPE (i)
- i -
<PAGE>
The following table sets forth information concerning the directors and
executive officers of SOFIGEXI:
Name Occupation Business Address
Yves Charvin Director for Corporate Development and Legal (ii)
Department, SNPE
Michel Nicolas Industrial Director, SNPE (i)
Michel Philippe Chairman, SOFIGEXI, and Vice President and CFO, (i)
SNPE
Bernard Riviere Vice President and CEO, SNPE (i)
The following table sets forth information concerning the directors and
executive officers of SNPE, Inc.:
Name Occupation Business Address
Yves Charvin Director of Corporate Development and Legal (ii)
Department, SNPE
Bernard Fontana Chairman and CEO, SNPE, Inc. (iii)
Stephen D. Kramer Secretary of the Board, SNPE, Inc., and Lawyer, Pavia (iv)
& Harcourt
Michel Philippe Vice President and CFO, SNPE (i)
Bernard Riviere Vice President and CEO, SNPE (i)
Dan M. Slick Vice President and COO, SNPE, Inc. (v)
</TABLE>
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(i) Business address is SNPE 12, Quai Henri IV, 75181 Paris Cedex 04, France.
(ii) Business address is 12, Quai Henri IV, 75004, Paris, France.
(iii)Business address is 5 Vaughn Drive, Suite 111, Princeton, NJ 08540.
(iv) Business address is Pavia & Harcourt, 600 Madison Avenue, New York, NY
10022.
(v) Business address is SNPE North America, LLC, 5 Vaughn Drive, Suite 111,
Princeton, NJ 08540.
- ii -
