On March 1, 2023, DMC Global Inc. appointed Brett Seger as Chief Accounting Officer of the Company, effective immediately. Mr. Seger replaces Michael Kuta, who ceased serving as the Company's principal financial and accounting officer on February 28, 2023 as contemplated by Mr. Kuta's previously disclosed Retirement Agreement. Mr. Seger, 39, has served as the Company's Vice President of Finance Integration since January 2022, with the primary responsibility of managing the coordination of significant financial activities relating to the Company's subsidiary Arcadia Products, LLC.

Prior to joining the Company, Mr. Seger spent over a decade with Ernst & Young LLP, most recently as an Audit Senior Manager. Mr. Seger graduated with a B.S. in Accounting and an MBA from the University of Denver and also holds the Certified Public Accountant Professional designation. Mr. Seger will receive a base salary of $260,000 per year and will be eligible to receive an annual bonus at a target of 40% of his base salary, which will be aligned with pre-determined Company financial goals and individual performance.

Mr. Seger will also receive annual long term incentive grants valued at $125,000.