<SEC-DOCUMENT>0001157523-16-006055.txt : 20160711
<SEC-HEADER>0001157523-16-006055.hdr.sgml : 20160711
<ACCEPTANCE-DATETIME>20160708203023
ACCESSION NUMBER:		0001157523-16-006055
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20160705
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160711
DATE AS OF CHANGE:		20160708

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DXP ENTERPRISES INC
		CENTRAL INDEX KEY:			0001020710
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-INDUSTRIAL MACHINERY & EQUIPMENT [5084]
		IRS NUMBER:				760509661
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			0727

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21513
		FILM NUMBER:		161760465

	BUSINESS ADDRESS:	
		STREET 1:		7272 PINEMONT DRIVE
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77040
		BUSINESS PHONE:		7139964700

	MAIL ADDRESS:	
		STREET 1:		7272 PINEMONT DRIVE
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77040

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INDEX INC
		DATE OF NAME CHANGE:	19960808
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51377666.htm
<DESCRIPTION>DXP ENTERPRISES, INC. 8-K
<TEXT>
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      <font style="font-size: 16pt">UNITED STATES</font><font style="font-size: 16pt"><br style="font-size: 16pt"></font><font style="font-size: 16pt">SECURITIES
      AND EXCHANGE COMMISSION</font><font style="font-size: 16pt"><br style="font-size: 16pt"></font><font style="font-size: 16pt">Washington,
      D.C. 20549</font>
    </p>
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <font style="font-size: 16pt"><b>Form 8-K</b></font>
    </p>
    <p style="white-space: nowrap">

    </p>
    <p style="text-align: center">
      <b>CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
      EXCHANGE ACT OF 1934</b><br><b>Date of Report (date of earliest event
      reported):&#160;&#160;<font style="font-size: 10pt; font-family: Times New Roman">July
      5, 2016</font></b><br>
    </p>
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <b>Commission file number 0-21513</b>
    </p>
    <p>

    </p>
    <p style="text-align: center">
      <font style="font-size: 18pt"><b>DXP Enterprises, Inc.</b></font><br><i>(Exact
      name of registrant as specified in its charter)</i>
    </p>
    <p style="text-align: center">

    </p>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-size: 10pt; margin-bottom: 10.0px; font-family: Times New Roman">
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Texas</b>
          </p>
        </td>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>76-0509661</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 50%; text-align: center; padding-left: 0.0px" valign="top">
          (State or other jurisdiction of incorporation or organization)
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          (I.R.S. Employer Identification Number)
        </td>
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        </td>
        <td style="width: 50%; text-align: left; padding-left: 0.0px" valign="top">
          &#160;
        </td>
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        <td style="width: 50%; border-bottom-width: 1.0pt; border-bottom-color: black; text-align: center; border-bottom-style: solid; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>7272 Pinemont, Houston, Texas 77040</b>
          </p>
        </td>
        <td style="width: 50%; border-bottom-width: 1.0pt; white-space: nowrap; border-bottom-color: black; text-align: center; padding-right: 0.0px; border-bottom-style: solid; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(713) 996-4700</b>
          </p>
        </td>
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          (Address of principal executive offices)
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        <td style="width: 50%; text-align: center; padding-left: 0.0px" valign="top">
          Registrant&#8217;s telephone number, including area code.
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      _________________________
    </p>
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      Registrant&#8217;s telephone number, including area code:<br><b>(713)
      996-4700</b>
    </p>
    <p style="text-align: center">
      _________________________
    </p>
    <p>

    </p>
    <p>
      Check the appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions:
    </p>
    <p style="white-space: nowrap">
      [&#160;&#160;]&#160;&#160;Written communications pursuant to Rule 425 under the Securities
      Act (17 CFR 230.425)<br>[&#160;&#160;]&#160;&#160;Soliciting material pursuant to Rule
      14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>[&#160;&#160;]&#160;&#160;Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))<br>[&#160;&#160;]&#160;&#160;Pre-commencement communications pursuant to Rule
      13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
    </p>
    <p style="white-space: nowrap">

    </p>
    <div style="width: 100%; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: justify">
      <b>ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF
      DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF
      CERTAIN OFFICERS.</b>
    </p>
    <p style="text-align: justify">
      On July 8, 2016, DXP Enterprises, Inc., issued a press release
      announcing the appointment of David Patton to the Company&#8217;s Board of
      Directors, effective July 8, 2016.
    </p>
    <p style="text-align: justify">
      Mr. Patton will additionally serve as a member of the Audit Committee,
      Compensation Committee, and Nominating and Governance Committee of the
      Board. Mr. Patton qualifies as an &#8220;Independent Director&#8221; as defined in
      Listing Rule 5605(a)(2) of the NASDAQ Stock Market.
    </p>
    <p style="text-align: justify">
      Consistent with the Corporation&#8217;s compensation policies for non-employee
      directors, Mr. Patton will receive a fee of $3,000 for each quarterly
      board meeting. In addition, Mr. Patton received an award of 4,851 shares
      on July 8, 2016 which will vest on July 1, 2017. Under current policies,
      he will receive restricted stock to be granted on an annual basis on
      July 1 calculated by dividing $75,000 by the closing price on such July
      1.
    </p>
    <p style="text-align: justify">
      Mr. Patton&#8217;s biography is within the press release filed herewith as
      Exhibit 99.1.
    </p>
    <p style="text-align: justify">
      Glenn Robinson resigned from the Company&#8217;s Board of Directors, effective
      July 5, 2016 in connection with an agreement not to compete with a
      previous employer.<br><br><br><b>ITEM 9.01 FINANCIAL STATEMENTS AND
      EXHIBITS</b>
    </p>
    <p>
      The following exhibits are included herein:
    </p>
    <p style="white-space: nowrap">
      99.1&#160;&#160;&#160;&#160;&#160;&#160;Press Release dated July 8, 2016 announcing appointment of
      additional board member.
    </p>
    <div style="width: 100%; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
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        <div style="text-align: center">

        </div>
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          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
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        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <b>SIGNATURES</b>
    </p>
    <p style="text-align: justify">
      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.
    </p>
    <p>

    </p>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-size: 10pt; margin-bottom: 10.0px; font-family: Times New Roman">
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="4" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            DXP ENTERPRISES, INC.
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="4" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Registrant)
          </p>
        </td>
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        <td style="width: 5%">

        </td>
        <td style="width: 57%">

        </td>
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          &#160;
        </td>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            By:
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="3" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>/s/ Mac McConnell</u>
          </p>
        </td>
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        <td style="width: 5%">

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="3" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Mac McConnell
          </p>
        </td>
      </tr>
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        <td style="width: 5%">

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="3" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Senior Vice President/Finance and Chief Financial Officer
          </p>
        </td>
      </tr>
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        <td style="width: 5%">

        </td>
        <td style="width: 57%">

        </td>
        <td colspan="2">
          &#160;
        </td>
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        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Dated:&#160;July 8, 2016
          </p>
        </td>
        <td colspan="2">

        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="width: 100%; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <b>INDEX TO EXHIBITS</b>
    </p>
    <p style="text-align: justify">
      <b>Introductory Note:&#160;&#160;</b>The following exhibit is furnished
      pursuant to Item 2.02 of Form 8-K and is not to be considered &#8220;filed&#8221;
      under the Exchange Act and shall not be incorporated by reference into
      any of the Company&#8217;s previous or future filings under the Securities Act
      or the Exchange Act.
    </p>
    <p>

    </p>
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    <table cellspacing="0" style="width: 100%; font-size: 10pt; margin-bottom: 10.0px; font-family: Times New Roman">
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><i><b>Exhibit No.</b></i></u>
          </p>
        </td>
        <td style="width: 85%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><i><b>Description</b></i></u>
          </p>
        </td>
      </tr>
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        <td style="width: 15%; white-space: nowrap; text-align: left; padding-right: 0.0px; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            99.1
          </p>
        </td>
        <td style="width: 85%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Press Release dated July 8, 2016 announcing appointment of
            additional board member.
          </p>
        </td>
      </tr>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51377666ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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      <b>Exhibit 99.1</b>
    </p>
    <p>
      <font style="font-size: 12pt; font-family: Times New Roman"><b>DXP Names
      David Patton to Board of Directors</b></font>
    </p>
    <p>
      HOUSTON--(BUSINESS WIRE)--July 8, 2016--<b>DXP Enterprises, Inc.
      (NASDAQ:DXPE), </b>a leading products and service distributor that adds
      value and total cost savings solutions to MRO and OEM customers in
      virtually every industry, today announced that David Patton was
      appointed to the Company&#8217;s Board of Directors on July 8, 2016. Mr.
      Patton&#8217;s term will expire at the Company&#8217;s next annual shareholder
      meeting, at which time he will stand for re-election by the Company&#8217;s
      shareholders.
    </p>
    <p>
      &#8220;David will be a great addition to the DXP Board,&#8221; said David Little,
      Chairman and CEO. &#8220;David&#8217;s years of experience in various legal aspects
      of the oil and gas industry bring an important perspective to the
      boardroom.&#8221;
    </p>
    <p>
      Mr. Patton is a partner at Locke Lord LLP and Co-Chair of the Locke Lord
      LLP&#8217;s Energy Practice Group. He has over 39 years of experience in
      various legal aspects of the oil and gas industry, including
      acquisitions and sales of assets or equity interests, drafting and
      negotiating leases, contracts, and agreements related to field
      operations. David has represented clients in connection with surface use
      conflicts, day to day exploration and development activities, and the
      resolution of oil and gas disputes. He is a frequent speaker on oil and
      gas issues and is active in the Rocky Mountain Mineral Law Foundation
      and the State Bar of Texas.
    </p>
    <p>
      David is the immediate Past Chair of the Oil, Gas and Energy Resources
      Law Section of the State Bar of Texas; a Trustee of the Rocky Mountain
      Mineral Law Foundation; a Fellow of the Texas Bar Foundation; the 2012
      Houston Oil &amp; Gas Lawyer of the Year by Best Lawyers; Nationwide Leader,
      Energy: Oil &amp; Gas (Transactional); Chambers USA&#8217;s Leading Lawyers in
      America; Best Lawyers in America, Oil and Gas Law (2010 &#8211; 2016); and is
      on the Advisory Board of the Texas Journal of Oil, Gas and Energy Law.
    </p>
    <p>
      <i>The Private Securities Litigation Reform Act of 1995 provides a
      &#8220;safe-harbor&#8221; for forward-looking statements.</i> <i>Certain
      information included in this press release (as well as information
      included in oral statements or other written statements made by or to be
      made by the Company) contains statements that are forward-looking.</i> <i>Such
      forward-looking information involves important risks and uncertainties
      that could significantly affect anticipated results in the future; and
      accordingly, such results may differ from those expressed in any
      forward-looking statement made by or on behalf of the Company.</i> <i>These
      risks and uncertainties include, but are not limited to; ability to
      obtain needed capital, dependence on existing management, leverage and
      debt service, domestic or global economic conditions, and changes in
      customer preferences and attitudes. For more information, review the
      Company's filings with the Securities and Exchange Commission.</i>
    </p>
    <p>

    </p>
    <p>
      CONTACT:<br>DXP Enterprises, Inc.<br>Mac McConnell, 713-996-4700<br>Senior
      Vice President, Finance<br><u>www.dxpe.com</u>
    </p>
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