Distribution Solutions Group Names New CEO, Elects Directors
Ticker: DSGR · Form: 8-K · Filed: Mar 12, 2024 · CIK: 703604
| Field | Detail |
|---|---|
| Company | Distribution Solutions Group, Inc. (DSGR) |
| Form Type | 8-K |
| Filed Date | Mar 12, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, executive-compensation, board-of-directors
Related Tickers: DSGI
TL;DR
New CEO & board members at DSGI, employment agreements updated.
AI Summary
Distribution Solutions Group, Inc. announced on March 6, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Michael J. Gontzes and David L. Miller, and appointed Gontzes as the new Chief Executive Officer. The company also entered into new employment agreements with its executive officers, including CEO Gontzes, detailing their compensation.
Why It Matters
This filing indicates a significant leadership transition at Distribution Solutions Group, with a new CEO and board members appointed, which could signal a strategic shift for the company.
Risk Assessment
Risk Level: medium — Leadership changes and new executive compensation arrangements can introduce uncertainty and potential shifts in company strategy.
Key Players & Entities
- Distribution Solutions Group, Inc. (company) — Registrant
- Michael J. Gontzes (person) — Newly elected director and CEO
- David L. Miller (person) — Newly elected director
- March 6, 2024 (date) — Date of earliest event reported
FAQ
Who were the new directors elected to the board?
Michael J. Gontzes and David L. Miller were elected as new directors.
What is Michael J. Gontzes' new role?
Michael J. Gontzes was appointed as the new Chief Executive Officer of Distribution Solutions Group, Inc.
When was the earliest event reported in this filing?
The earliest event reported was on March 6, 2024.
What other items are covered in this 8-K filing besides director and officer changes?
The filing also covers the election of directors and compensatory arrangements of certain officers.
What is the principal executive office address for Distribution Solutions Group, Inc.?
The principal executive offices are located at 301 Commerce Street, Suite 1700, Fort Worth, Texas 76102.
Filing Stats: 589 words · 2 min read · ~2 pages · Grade level 11.1 · Accepted 2024-03-12 16:02:31
Key Financial Figures
- $1.00 — ange on which registered Common Stock, $1.00 par value DSGR The Nasdaq Stock Mar
Filing Documents
- d779525d8k.htm (8-K) — 23KB
- 0001193125-24-065849.txt ( ) — 142KB
- dsgr-20240306.xsd (EX-101.SCH) — 3KB
- dsgr-20240306_lab.xml (EX-101.LAB) — 18KB
- dsgr-20240306_pre.xml (EX-101.PRE) — 11KB
- d779525d8k_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DISTRIBUTION SOLUTIONS GROUP, INC. (Registrant) Date: March 12, 2024 By: /s/ Richard D. Pufpaf Name: Richard D. Pufpaf Title: Senior Vice President, General Counsel, Chief Compliance Officer, and Secretary