This study was conducted at the request of the USDOE/AL Dynamic Balancer Project Team to develop a set of representative accident sequences initiated by rapid seizure of the spindle shaft of the Schenck dynamic balancing machine used in the mass properties testing activities in Bay 12-60 at the Pantex Plant. This Balancer is used for balancing reentry vehicles. In addition, the study identified potential causes of possible spindle-shaft seizure leading to a rapid deceleration of the rotating assembly. These accident sequences extend to the point that the reentry vehicle either remains in stable condition on the balancing machine or leaves the machine with some translational and rotational motion. Fault-tree analysis was used to identify possible causes of spindle-shaft seizure, and failure modes and effects analysis identified the results of shearing of different machine components. Cause-consequence diagrams were used to help develop accident sequences resulting from the possible effects of spindle-shaft seizure. To make these accident sequences physically reasonable, the analysts used idealized models of the dynamics of rotating masses. Idealized physical modeling also was used to provide approximate values of accident parameters that lead to branching down different accident progression paths. The exacerbating conditions of balancing machine over-speed and improper assembly of the fixture to the face plate are also addressed.