<SEC-DOCUMENT>0001157523-18-001126.txt : 20180515
<SEC-HEADER>0001157523-18-001126.hdr.sgml : 20180515
<ACCEPTANCE-DATETIME>20180515172203
ACCESSION NUMBER:		0001157523-18-001126
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20180510
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:		20180515
DATE AS OF CHANGE:		20180515

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:		18837859

	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>a51807166.htm
<DESCRIPTION>DXP ENTERPRISES, INC. 8-K
<TEXT>
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      <font style="font-size: 12pt">UNITED STATES SECURITIES AND EXCHANGE
      COMMISSION</font><font style="font-size: 12pt"><br style="font-size: 12pt"></font><font style="font-size: 12pt">Washington,
      D.C. 20549</font><font style="font-size: 14pt"><br style="font-size: 14pt"></font><br><font style="font-size: 14pt"><b>Form
      8-K</b></font><br><br><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-family: Times New Roman; font-size: 10pt">May
      10, 2018</font></b><br><br><br><br><b>Commission file number 0-21513</b><br><br><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">
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Texas</b>
          </p>
        </td>
        <td valign="top" style="border-bottom-width: 1.0pt; text-align: center; padding-right: 0.0px; border-bottom-style: solid; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; width: 50%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>76-0509661</b>
          </p>
        </td>
      </tr>
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        <td valign="top" style="text-align: center; padding-left: 0.0px; width: 50%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (State or other jurisdiction of incorporation or organization)
          </p>
        </td>
        <td valign="top" style="text-align: center; padding-left: 0.0px; width: 50%">
          (I.R.S. Employer Identification Number)
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 50%">
          &#160;
        </td>
      </tr>
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        <td valign="top" style="border-bottom-width: 1.0pt; text-align: center; border-bottom-style: solid; padding-left: 0.0px; border-bottom-color: black; width: 50%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>7272 Pinemont, Houston, Texas 77040</b>
          </p>
        </td>
        <td valign="top" style="border-bottom-width: 1.0pt; text-align: center; padding-right: 0.0px; border-bottom-style: solid; padding-left: 0.0px; white-space: nowrap; border-bottom-color: black; width: 50%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(713) 996-4700</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px; width: 50%">
          (Address of principal executive offices)
        </td>
        <td valign="top" style="text-align: center; padding-left: 0.0px; width: 50%">
          Registrant&#8217;s telephone number, including area code.
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      _________________________<br>
    </p>
    <p>
      <br>
      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">
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font><font style="font-size: 12pt">&#160;&#160;</font>Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)
    </p>
    <p style="white-space: nowrap">
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font><font style="font-size: 12pt">&#160;&#160;</font>Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)
    </p>
    <p style="white-space: nowrap">
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font><font style="font-size: 12pt">&#160;&#160;</font>Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))
    </p>
    <p style="white-space: nowrap">
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font><font style="font-size: 12pt">&#160;&#160;</font>Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))
    </p>
    <p>
      Indicate by check mark whether the registrant is an emerging growth
      company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405
      of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
      (&#167;240.12b-2 of this chapter).
    </p>
    <p style="text-align: right">
      Emerging growth company&#160;&#160;&#160;&#160;<font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
    </p>
    <p>
      If an emerging growth company, indicate by check mark if the registrant
      has elected not to use the extended transition period for complying with
      any new or revised financial accounting standards provided pursuant to
      Section 13(a) of the Exchange Act.&#160;&#160;&#160;&#160;<font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
    </p>
    <div style="margin-left: 0pt; margin-right: 0pt; text-indent: 0pt; width: 100%; margin-bottom: 10pt">
      <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>
<div style="text-align:left">
    <table style="font-size: 10pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 12%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>ITEM 5.02</b>
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 88%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF
            DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY
            ARRANGEMENTS OF CERTAIN OFFICERS.</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>
      <br>
      On May 15, 2018, DXP Enterprises, Inc., (the &#8220;Company&#8221;) announced that
      on May 10, 2018 Eugene (Gene) Padgett had been appointed as the
      Company&#8217;s new Chief Accounting Officer, effective May 21, 2018. Mr.
      Padgett is a certified public accountant and has over 20 years of
      experience in accounting within a public company environment.&#160;&#160;Gene
      replaces Mac McConnell, who retired on March 31, 2018.
    </p>
    <p>
      Prior to joining the Company, Mr. Padgett, aged 48, spent ten years with
      Spectra Energy in several positions with increasing responsibility
      including General Manager of U.S. and Canadian Tax, Director of U.S.
      Operations Accounting and General Manager Corporate Accounting.&#160;&#160;Prior
      to Spectra Energy, he spent seven years with Duke Energy in various
      roles covering Corporate Accounting, Accounting Research and Policy and
      working as a divisional controller.&#160;&#160;Mr. Padgett started his career at
      PricewaterhouseCoopers.&#160;&#160;
    </p>
    <p>
      There are no family relationships, as defined in Item 401 of Regulation
      S-K, between Mr. Padgett and any of the Company&#8217;s executive officers or
      directors or persons nominated or chosen to become a director or
      executive officer. There is no arrangement or understanding between Mr.
      Padgett and any other person pursuant to which Mr. Padgett was
      appointed. There are no transactions in which Mr. Padgett has an
      interest requiring disclosure under Item 404(a) of Regulation S-K.
    </p>
    <p>
      As the Chief Accounting Officer, it is contemplated that Mr. Padgett
      will receive a base salary of $150,000 per year and be eligible to
      receive a 20% first year cash bonus pro-rated from May 21, 2018 and
      subject to certain performance requirements. It is also contemplated
      that Mr. Padgett will also receive a grant of 750 shares of restricted
      stock or restricted stock units that will vest over two years and after
      one year of employment he will receive 1,000 shares of restricted stock
      or restricted stock units that will vest over 3 years. He will also be
      eligible to participate in standard Company benefit programs available
      to similarly situated officers.<br><br><br>
    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 12%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>ITEM 9.01</b>
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 88%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>FINANCIAL STATEMENTS AND EXHIBITS</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="white-space: nowrap">
      <br>

    </p>
    <p>
      The following exhibit is included herein:<br><br>
    </p>
    <p>
      99.1 Press release dated May 15, 2018.<br><br><br><br>
    </p>
    <p style="text-align: center">
      <b>SIGNATURES</b>
    </p>
    <p>
      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>
      DXP ENTERPRISES, INC.<br>(Registrant)
    </p>
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          <p style="margin-top: 0px; margin-bottom: 0px">
            By:
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 95%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>/s/Kent Yee</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 95%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Kent Yee
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 95%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Senior Vice President/Finance and Chief Financial Officer
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="white-space: nowrap">
      Dated: May 15, 2018<br><br><br><br>
    </p>
    <p style="text-align: center">
      <b>INDEX TO EXHIBITS</b>
    </p>
    <p>

    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
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          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><i><b>Exhibit No.</b></i></u>
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 85%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><i><b>Description</b></i></u>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-right: 0.0px; padding-left: 0.0px; white-space: nowrap; width: 15%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51807166ex99_1.htm">99.1</a>
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 85%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51807166ex99_1.htm">Press release dated May 15, 2018</a>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="white-space: nowrap">

    </p>
    <p>

    </p>
    <p>

    </p>
    <p>

    </p>
    <p style="text-align: justify">

    </p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51807166ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>DXP
      Enterprises Appoints Gene Padgett Chief Accounting Officer</b></font>
    </p>
    <p>
      HOUSTON--(BUSINESS WIRE)--May 15, 2018--<b>DXP Enterprises, Inc.
      (NASDAQ: DXPE)</b> today announced that Eugene (&#8220;Gene&#8221;) Padgett has been
      appointed as DXP&#8217;s new Chief Accounting Officer, effective May 21, 2018.
      Mr. Padgett is a certified public accountant and has over 20 years of
      experience in accounting within a public company environment. Gene
      replaces Mac McConnell, who retired on March 31, 2018.
    </p>
    <p>
      Previous to DXP, Mr. Padgett spent ten years with Spectra Energy in
      several positions with increasing responsibility including General
      Manager of U.S. and Canadian Tax, Director of U.S. Operations Accounting
      and General Manager Corporate Accounting. Prior to Spectra Energy, he
      spent seven years with Duke Energy in various roles covering Corporate
      Accounting, Accounting Research and Policy and working as a divisional
      controller. Mr. Padgett started his career at PricewaterhouseCoopers.
    </p>
    <p>
      Kent Yee, CFO, added, &#8220;I am excited to have Gene as part of the DXP
      Accounting and Finance team. After conducting an extensive search, we
      found a great candidate and partner in Gene. I look forward to working
      with Gene and building a stronger strategic, technical and operational
      accounting and finance function to support the DXP businesses. We will
      continue to drive functional excellence in all areas of accounting and
      finance. We look forward to continuing the momentum and a positive
      fiscal year 2018 for the operations of our accounting and finance team.&#8221;
    </p>
    <p>
      <b>About DXP Enterprises, Inc.</b>
    </p>
    <p>
      DXP Enterprises, Inc. is a leading products and service distributor that
      adds value and total cost savings solutions to industrial customers
      throughout the United States, Canada, Mexico and Dubai. DXP provides
      innovative pumping solutions, supply chain services and maintenance,
      repair, operating and production (&quot;MROP&quot;) services that emphasize and
      utilize DXP&#8217;s vast product knowledge and technical expertise in rotating
      equipment, bearings, power transmission, metal working, industrial
      supplies and safety products and services. DXP's breadth of MROP
      products and service solutions allows DXP to be flexible and
      customer-driven, creating competitive advantages for our customers.
      DXP&#8217;s business segments include Service Centers, Innovative Pumping
      Solutions and Supply Chain Services. For more information, go to <u>www.dxpe.com</u>.
    </p>
    <p>
      <i>The Private Securities Litigation Reform Act of 1995 provides a
      &#8220;safe-harbor&#8221; for forward-looking statements. 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. 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. These
      risks and uncertainties include, but are not limited to; ability to
      obtain needed capital, dependence on existing management, the ability to
      remediate material weaknesses, leverage and debt service, domestic or
      global economic conditions, and changes in customer preferences and
      attitudes. In some cases, you can identify forward-looking statements by
      terminology such as, but not limited to, &#8220;may,&#8221; &#8220;will,&#8221; &#8220;should,&#8221;
      &#8220;intend,&#8221; &#8220;expect,&#8221; &#8220;plan,&#8221; &#8220;anticipate,&#8221; &#8220;believe,&#8221; &#8220;estimate,&#8221;
      &#8220;predict,&#8221; &#8220;potential,&#8221; &#8220;goal,&#8221; or &#8220;continue&#8221; or the negative of such
      terms or other comparable terminology. For more information, review the
      Company&#8217;s filings with the Securities and Exchange Commission.</i>
    </p>
    <p>
      CONTACT:<br>DXP Enterprises, Inc.<br>Kent Yee, 713-996-4700<br>Senior
      Vice President, CFO<br><u>www.dxpe.com</u>
    </p>
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