Distribution Solutions Group, Inc. Announces Annual Meeting of Stockholders

TL;DR

<b>Distribution Solutions Group, Inc. will hold its Annual Meeting of Stockholders online on May 23, 2024, to discuss 2023 successes and future growth strategies.</b>

AI Summary

Distribution Solutions Group, Inc. (DSGR) filed a Proxy Statement (DEF 14A) with the SEC on April 10, 2024. Annual Meeting of Stockholders for Distribution Solutions Group, Inc. (DSG) will be held online via live webcast on May 23, 2024, at 10:00 a.m. Central Time. The company reported 2023 as a successful year, aligning with strategic initiatives and achieving progress toward long-term value-creation goals. DSG's leadership accelerated growth in 2023 through accretive acquisitions, organic growth, and operational improvement programs. Future growth is planned through DSG's high-touch service models in fragmented end markets with scale in specialty distribution. The company is excited about its acquisition pipeline, expecting it to accelerate growth in 2024 and beyond.

Why It Matters

For investors and stakeholders tracking Distribution Solutions Group, Inc., this filing contains several important signals. The meeting provides an opportunity for shareholders to understand the company's performance in 2023 and its strategic direction for future growth, including acquisitions and operational improvements. Shareholders are encouraged to vote to ensure their shares are represented, highlighting the importance of their participation in corporate governance decisions.

Risk Assessment

Risk Level: — Distribution Solutions Group, Inc. shows moderate risk based on this filing. The filing is a routine DEF 14A proxy statement, indicating standard corporate governance and shareholder communication rather than significant new risks or events.

Analyst Insight

Shareholders should review the proxy materials to understand the company's strategic initiatives and vote on matters presented at the Annual Meeting.

Key Numbers

• 10:00 a.m. — Meeting Time (Central Time on May 23, 2024)
• 2023 — Fiscal Year End (Reported as a successful year)
• 19920703 — Date of Name Change (From Lawson Products Inc)

Key Players & Entities

• Distribution Solutions Group, Inc. (company) — Registrant name
• DSG (company) — Abbreviation for Distribution Solutions Group, Inc.
• May 23, 2024 (date) — Date of Annual Meeting
• 2023 (date) — Reporting year
• 2024 (date) — Future growth year
• Lawson Products Inc (company) — Former company name

FAQ

Industry Context

Distribution Solutions Group operates in specialty distribution, focusing on fragmented end markets and leveraging high-touch service models.

Regulatory Implications

The filing is a DEF 14A, a standard proxy statement required under the Securities Exchange Act of 1934 for public companies.

What Investors Should Do

1. Review the proxy statement for details on the Annual Meeting agenda and proposals.
2. Vote your shares to ensure representation at the Annual Meeting.
3. Monitor future filings for updates on acquisition pipeline and growth initiatives.

Key Dates

• 2024-05-23: Annual Meeting of Stockholders — To discuss company performance and future strategies.
• 2023-12-31: Fiscal Year End — Period for which company performance is reported.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a routine proxy statement. No prior filing data is available in this extract for comparison.

Key Financial Figures

• $7,000 — e solicitation at a fee estimated to be $7,000 plus expenses. Officers of the Company
• $26.3 billion — d investment advisor with approximately $26.3 billion of assets under management as of Decemb
• $3 billion — partnerships manage over approximately $3 billion of flexible private capital focused on
• $200M — rs as the Chief Financial Officer for a $200M retail chain, where he was responsible

Filing Documents

• a2023proxy.htm (DEF 14A) — 854KB
• a2021-2023neorealizedrealia.jpg (GRAPHIC) — 100KB
• a2021-2023stockpricea.jpg (GRAPHIC) — 45KB
• a2024coverpagea.jpg (GRAPHIC) — 141KB
• briansiga.jpg (GRAPHIC) — 6KB
• capvscumulativetsra.jpg (GRAPHIC) — 70KB
• capvsnetincomea.jpg (GRAPHIC) — 72KB
• directorcharta.jpg (GRAPHIC) — 39KB
• dsglogoa.jpg (GRAPHIC) — 13KB
• proxycardpage1a.jpg (GRAPHIC) — 114KB
• proxycardpage2a.jpg (GRAPHIC) — 75KB
• 0000703604-24-000047.txt (&nbsp;) — 1786KB

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 16 Corporate Governance 17 Remuneration of Executive Officers 24 Compensation Overview 24 Compensation Philosophy and Objectives 24 Key Factors in Determining Executive Compensation 25 Role of Compensation Committee in Setting Executive Compensation 25 Role of Executives in Setting Compensation 26 Role of the Independent Compensation Consultant 27 Response to Say-On-Pay Vote 27 Current Elements of Named Executive Officer Compensation 27 Overview and 202 3 Company Highlights 27 Elements of Total Compensation 28 Base Salary 29 Annual Incentive Plan ("AIP") 29 Equity-Based IncentivesLong-Term Incentive Plan ("LTIP") 32 Benefits and Retirement Plans 34 Employment and Change-in-Control Contracts 40 Tax and Accounting Considerations 40 Compensation Agreements 41 202 3 Summary Compensation Table 43 All Other Compensation in 202 3 44 Outstanding Equity Awards on December 31, 202 3 45 Non-qualified Deferred Compensation in 202 3 46 Director Compensation in 202 3 46 Certain Relationships and Related Transactions 47 Fees Billed to the Company by Grant Thornton , LLP 51 Report of the Audit Committee of the Board of Directors 52 Section 16(a) Beneficial Ownership Reporting Compliance 53 Householding of Annual Meeting Materials 53 Deadline for Receipt of Stockholder Proposals for 202 5 Annual Meeting 53 Appendix A 55 3 _______________ PROXY STATEMENT ANNUAL MEETING OF STOCKHOLDERS May 23, 2024 ________________ QUESTIONS AND ANSWERS ABOUT THE 2024 ANNUAL MEETING AND VOTING How do I vote You can vote at the Annual Meeting using the voting procedures set forth at www.meetnow.globalM6ZCFXZ or by proxy without attending the meeting. You may also vote your shares by telephone or via the Internet as set forth in the enclosed proxy. Even if you expect to attend the virtual annual meeting, we strongly encourage you to si

View Full Filing

View this DEF 14A filing on SEC EDGAR