DXP Enterprises 2024 Proxy Statement Filed

Ticker: DXPE · Form: DEF 14A · Filed: Apr 29, 2024 · CIK: 1020710

Dxp Enterprises Inc DEF 14A Filing Summary
FieldDetail
CompanyDxp Enterprises Inc (DXPE)
Form TypeDEF 14A
Filed DateApr 29, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$13.4 m, $54.7 million, $1.7 billion, $68.7 million, $174.3 million
Sentimentneutral

Sentiment: neutral

Topics: proxy-statement, governance, executive-compensation

TL;DR

DXP Proxy out: Vote on directors, exec pay, and auditors. Make your voice heard!

AI Summary

DXP Enterprises, Inc. filed its definitive proxy statement on April 29, 2024, for its 2024 annual meeting. The filing outlines the proposals to be voted on by shareholders, including the election of directors, advisory approval of executive compensation, and ratification of the independent registered public accounting firm. It also details executive compensation, board of directors' structure, and corporate governance practices.

Why It Matters

This filing provides shareholders with crucial information to make informed voting decisions on company leadership and executive pay, impacting corporate governance and future strategy.

Risk Assessment

Risk Level: low — This is a routine annual proxy filing providing information to shareholders, not indicating any immediate operational or financial risks.

Key Players & Entities

  • DXP Enterprises, Inc. (company) — Registrant
  • April 29, 2024 (date) — Filing Date

FAQ

What is the primary purpose of this DEF 14A filing?

The primary purpose is to provide shareholders with information for the upcoming 2024 annual meeting, including details on director elections, executive compensation, and auditor ratification.

When was this definitive proxy statement filed?

This definitive proxy statement was filed on April 29, 2024.

What are the key proposals shareholders will vote on?

Shareholders will vote on the election of directors, an advisory vote on executive compensation, and the ratification of the independent registered public accounting firm.

Where is DXP Enterprises, Inc. headquartered?

DXP Enterprises, Inc. is headquartered at 5301 Hollister St., Houston, Texas.

Does this filing require a fee?

The filing indicates 'No fee required' and provides fields for fee computation if applicable, suggesting no fee was directly associated with this specific filing based on its nature.

Filing Stats: 4,506 words · 18 min read · ~15 pages · Grade level 13.6 · Accepted 2024-04-29 17:30:04

Key Financial Figures

  • $13.4 m — Completed three acquisitions investing $13.4 million, and Returned $54.7 million in c
  • $54.7 million — investing $13.4 million, and Returned $54.7 million in capital to shareholders via share re
  • $1.7 billion — for FY 2023 increased to approximately $1.7 billion with Net Income of $68.7 million. The R
  • $68.7 million — imately $1.7 billion with Net Income of $68.7 million. The Return on Invested Capital (ROIC)
  • $174.3 million — year 2023 was 5.8%. Adjusted EBITDA was $174.3 million for the full year. Management uses the
  • $0.01 — 8,305 shares of Common Stock, par value $0.01 per share (the "Common Stock"), 1,122 s
  • $1.00 — of Series A Preferred Stock, par value $1.00 per share (the "Series A Preferred Stoc

Filing Documents

Security Ownership Certain Beneficial Owners and Management

Security Ownership Certain Beneficial Owners and Management 30 Proposal 2: Advisory Vote on Compensation of CEO and Named Executive Officers ("Say-on-Pay") 31 Compensation Discussion and Analysis 33 Compensation Committee Report 40 Executive Officers 42 2023 Summary Compensation Table 44 Outstanding Equity Awards 45 Options Exercises and Stock Vested 45 Grants of Plan-Based Awards 46 CEO Pay Ratio 47 Pay Versus Performance 47 Audit Committee Reports 50 Proposal 3: Ratification of the Appointment of Independent Registered Public Accounting Firm 49 Principal Auditor Fees and Services 50 Certain Relationships and Related Person Transactions 51 Delinquent Section 16(a) Reports 51 Equity Compensation Plan Information 52 Proposals For Next Annual Meeting 52 Householding of Proxy Materials 55 Incorporation By Reference 55 Other Matters 55 DXP ENTERPRISES, INC . 2024 PROXY STATEMENT 5 PROXY STATEMENT SUMMARY To assist you in reviewing the proposals to be acted upon at our 2024 Annual Meeting, below is a summary of information regarding the meeting, each proposal to be voted upon at the meeting and DXP Enterprises, Inc. business and corporate governance highlights. The following description is only a summary and does not contain all of the information you should consider before voting. For more information about these topics, please review DXP's Annual Report on Form 10-K for the fiscal year ended December 31, 2023 and the complete Proxy Statement. In this Proxy Statement, the terms "DXP", "We" or the "Company" refer to DXP Enterprises, Inc., and its consolidated subsidiaries or the consolidated subsidiaries of DXP Enterprises, Inc. as the context requires. 2024 Annual Meeting of Shareholders DATE AND TIME: June 14, 2024, 10:00 am Central Time PLACE : DXP Enterprises, Inc.'s Corporate Headquarters, 5301 Hollister St., Houston, TX 77040 RECORD DATE: April 19, 2024 We are mailing to shareholders of re

: Gender Identity Female Male Non-Binary Did Not Disclose Gender Female Male Non-Binary Did Not Disclose Gender

Part I : Gender Identity Female Male Non-Binary Did Not Disclose Gender Female Male Non-Binary Did Not Disclose Gender Directors 1 5 1 5

: Demographic Background

Part II : Demographic Background African American or Black Alaskan Native or American Indian Asian Hispanic or Latinx Native Hawaiian or Pacific Islander White 1 4 1 4 Two or More Races or Ethnicities 1 1 LGBTQ+ Did Not Disclose Demographic Background DXP ENTERPRISES, INC . 2024 PROXY STATEMENT 12 Specific Experience, Qualifications, Attributes and Skills of Directors The Nominating and Governance Committee seeks Directors with experience, qualifications, attributes and skills that align with our business strategy. The following table describes key experience and expertise that our Director nominees collectively possess and that we consider most relevant to the decision to nominate candidates to serve on the Board. The Nominating and Governance Committee has reviewed with the Board the specific experience, qualifications, attributes and skills each Director nominee standing for election as a Director at this Annual Meeting. The Committee has concluded that each Director nominee has the appropriate skills and qualifications required of Board membership and that each possesses an in-depth knowledge of the Company's businesses and strategy. The Committee further believes that our Board is composed of well-qualified and well-respected Directors who possess strength in business, finance and the capital markets. DXP ENTERPRISES, INC . 2024 PROXY STATEMENT 13 Director - Skills Matrix A mark in the Director skills matrix below indicates a specific or specialized area of focus or expertise that each Director nominee brings to the Board. Not having a mark does not mean that the Director does not possess that qualification or skill. Skills, Experience & Qualifications Halter Hoffman Little Mannes Patton Yee Active Executive CEO Leadership Experience Accounting & Finance Operations Risk Management Strategic, Planning & Business Development Industry : Oil & Gas Corporate Governance Mergers & Acquisitions HR/Talent Management Additional infor

View Full Filing

View this DEF 14A filing on SEC EDGAR

View on ReadTheFiling | About | Contact | Privacy | Terms

Data from SEC EDGAR. Not affiliated with the SEC. Not investment advice. © 2026 OpenDataHQ.