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In a recent filing with the Securities and Exchange Commission, DMC Global (NASDAQ:BOOM) Inc. has announced the appointment of James H. Schladen as the President of its subsidiary, Arcadia Products, LLC. The appointment comes at a crucial time for the company, which currently has a market capitalization of $161 million and maintains a GOOD financial health score according to InvestingPro analysis. The appointment, effective as of Monday, marks a significant return for Mr. Schladen, who previously led Arcadia before its acquisition by DMC Global in December 2021 and served in various roles since 1986.
Mr. Schladen, 65, brings a wealth of experience to the position, having co-founded Wilson Partitions, a building products business, and holding various leadership roles at Arcadia. His educational background includes a BS in Business Economics from the University of California, Los Angeles. According to InvestingPro data, he joins at a time when the company’s liquid assets exceed short-term obligations with a healthy current ratio of 2.37, providing financial flexibility for operational initiatives.
The employment agreement includes a $550,000 annual base salary, a bonus potential of 100% of his base salary, and a long-term incentive award of $1.1 million, which is partly time-based with restricted stock awards and partly performance-based with performance share units (PSUs). These PSUs are tied to Arcadia’s cumulative adjusted EBITDA from 2025 to 2026. The company’s current EBITDA stands at $64.1 million, with analysts expecting challenging conditions ahead, as revealed in the comprehensive Pro Research Report available on InvestingPro.
Should Mr. Schladen’s employment be terminated, he is entitled to receive his base salary, accrued vacation, unpaid expenses, benefits, any unpaid annual bonus for the prior calendar year, and a prorated annual bonus for the year of termination. Additionally, his restricted stock awards will fully vest, and his PSUs will vest according to their terms. This comes as DMC Global’s stock trades significantly below its 52-week high of $19.72, suggesting potential upside according to InvestingPro’s Fair Value analysis.
Furthermore, the filing reveals that Mr. Schladen holds a 13% ownership in Alpine Universal, Inc., which has entered into leases with Arcadia supporting its operations. His son, Michael Schladen, also became an employee of Arcadia in February 2025 and is eligible for the company’s incentive bonus program and benefit plans.
The SEC filing, based on the statement provided by DMC Global Inc., offers a comprehensive overview of the terms and conditions associated with Mr. Schladen’s appointment and his related interests. This appointment signifies a strategic leadership decision for DMC Global as it continues to navigate the miscellaneous primary metal products industry.
In other recent news, DMC Global has seen noteworthy developments. The company has announced the return of Jim Schladen as President of its subsidiary, Arcadia Products, effective from February 3, 2025. Schladen is known for his significant contribution to Arcadia’s growth during his previous tenure. In parallel, DMC Global has formalized an agreement with James O’Leary, appointing him as the Interim President and Chief Executive Officer, with a term extending through June 30, 2025.
Furthermore, DMC Global has postponed the earliest date it may be obligated to purchase the remaining 40% interest in Arcadia to September 6, 2026. Stifel, an investment firm, has downgraded DMC Global’s stock from ’Buy’ to ’Hold,’ due to concerns over the company’s near-term growth prospects and recent executive changes. Lastly, DMC Global has approved special retention grants for two key executives, Eric Walter and Michelle Shepston, to incentivize and retain these leaders. These developments are among the recent changes impacting DMC Global’s operations and performance.
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