Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
OnJanuary 5, 2023 ,DMC Global Inc. (the "Company") announced thatJames Schladen , President ofArcadia Products, LLC ("Arcadia"), a subsidiary of the Company, retired from his position effectiveJanuary 2, 2023 . Arcadia will payMr. Schladen severance benefits in accordance with the terms and conditions of the Employment Agreement, datedDecember 23, 2021 , by and between the Company andMr. Schladen (the "Employment Agreement") and at the same level as ifMr. Schladen had been terminated by the Company without Cause or had resigned for Good Reason (in each case, as such terms are defined in the Employment Agreement).Mr. Schladen will remain on Arcadia's board of directors and is expected to serve as a senior advisor to the leadership of Arcadia and DMC.Mr. Schladen and the Company are discussing the potential terms of such advisory relationship and other transition arrangements, but the terms of those arrangements have not been determined.
Item 7.01 Regulation FD Disclosure.
On
The information provided in Item 7.01 of this Current Report, including Exhibit 99.1 hereto, is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and shall not be deemed incorporated by reference in any filings under the Securities Act of 1933, as amended, unless specifically stated so therein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. Exhibit Number Description 99.1 Press Release, datedJanuary 5, 2023 . 104 Cover Page Interactive Data File
(embedded within the Inline XBRL document).
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