<SEC-DOCUMENT>0001157523-15-003565.txt : 20151029
<SEC-HEADER>0001157523-15-003565.hdr.sgml : 20151029
<ACCEPTANCE-DATETIME>20151029171536
ACCESSION NUMBER:		0001157523-15-003565
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20151023
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:		20151029
DATE AS OF CHANGE:		20151029

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DGSE COMPANIES INC
		CENTRAL INDEX KEY:			0000701719
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-JEWELRY STORES [5944]
		IRS NUMBER:				880097334
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11048
		FILM NUMBER:		151184611

	BUSINESS ADDRESS:	
		STREET 1:		15850 DALLAS PARKWAY
		STREET 2:		SUITE 140
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75248
		BUSINESS PHONE:		9725874049

	MAIL ADDRESS:	
		STREET 1:		15850 DALLAS PARKWAY
		STREET 2:		SUITE 140
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75248

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DALLAS GOLD & SILVER EXCHANGE INC /NV/
		DATE OF NAME CHANGE:	19930114

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERICAN PACIFIC MINT INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CANYON STATE CORP
		DATE OF NAME CHANGE:	19860819
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51213141.htm
<DESCRIPTION>DGSE COMPANIES, INC. 8-K
<TEXT>
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    <p style="text-align: center">
      <br>
      <font style="font-family: Times New Roman; font-size: 12pt"><b>UNITED
      STATES</b></font><b><font style="font-family: Times New Roman; font-size: 12pt"><br style="font-size: 12pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 12pt">SECURITIES
      AND EXCHANGE COMMISSION</font></b><font style="font-size: 12pt"><br style="font-size: 12pt"></font><font style="font-family: Times New Roman; font-size: 10pt">Washington,
      D.C. &#160;20549</font><br>
    </p>
    <hr style="color: #000000; text-align: center; height: 1.0 pt; width: 20%">


    <p style="text-align: center">
      <br>
      <font style="font-family: Times New Roman; font-size: 12pt"><b>FORM 8-K</b></font>
    </p>
    <hr style="color: #000000; text-align: center; height: 2.0 pt; width: 20%">


    <p style="text-align: center">
      <br>
      <br>
      <font style="font-family: Times New Roman; font-size: 12pt"><b>CURRENT
      REPORT</b></font><br><br><font style="font-family: Times New Roman; font-size: 12pt"><b>Pursuant
      to Section 13 or 15(d) of the Securities Exchange Act of 1934</b></font><br><br><font style="font-family: Times New Roman; font-size: 10pt"><b>Date
      of Report </b></font><font style="font-family: Times New Roman; font-size: 10pt">(Date
      of earliest event reported): </font><font style="font-family: Times New Roman; font-size: 10pt"><b>October
      29, 2015 </b></font><font style="font-family: Times New Roman; font-size: 10pt">(October
      23, 2015)</font><font style="font-family: Times New Roman; font-size: 10pt"><br style="font-size: 10pt; font-family: Times New Roman"></font><br><br><font style="font-size: 14pt"><b>DGSE
      COMPANIES, INC.</b></font><br><font style="font-family: Times New Roman; font-size: 10pt">(Exact
      name of Registrant as specified in its charter)</font><br><br>
    </p>
<div style="text-align:left">
    <table style="margin-bottom: 10.0px; font-family: Times New Roman; width: 100%; font-size: 10pt" cellspacing="0">
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; width: 34%; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Nevada</b>
          </p>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; padding-right: 0.0px; width: 33%; text-align: center; white-space: nowrap">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>1-11048</b>
          </p>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; padding-right: 0.0px; width: 33%; text-align: center; white-space: nowrap">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>88-0097334</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; width: 34%; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (State or other jurisdiction of
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            incorporation or organization)
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 33%; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Commission
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            File Number)
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 33%; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (I.R.S. Employer
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>
      <br>
      <b>15850 Dallas Parkway, Suite 140</b><br><b>Dallas, Texas 75248</b><br>(Address
      of principal executive offices) (Zip Code)<br><br>Registrant&#8217;s Telephone
      Number, including area code: <b>(972) 587-4049</b><br><br><b>Not
      Applicable</b><br>(Former name or former address, if changed since last
      report)
    </p>
    <p>
      <br>
      <font style="font-family: Times New Roman; font-size: 10pt">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 </font>(<i>see </i>General Instruction A.2.):<br>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <div style="margin-bottom: 10pt; text-indent: 0pt; width: 100%; margin-right: 0pt; 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>

    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; width: 100%; font-size: 10pt" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; width: 12%; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Item 5.02.</b>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 88%; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Departure of Directors or Certain Officers; Election of
            Directors;</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Appointment of Certain Officers; Compensatory Arrangements of
            Certain Officers.</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-indent: 30.0px; text-align: justify">
      C. Brett Burford has tendered notice of his resignation, effective as of
      November 4, 2015, as a member of the Board of Directors and as Chief
      Financial Officer of DGSE Companies, Inc. (&#8220;DGSE&#8221;).
    </p>
    <p style="text-indent: 30.0px; text-align: justify">
      In order to fill the vacancy created by Mr. Burford&#8217;s resignation, on
      October 29, 2015, the Board of Directors elected Nabil J. Lopez as a
      member of the Board of Directors and to the position of Chief Financial
      Officer of DGSE effective as of November 4, 2015.&#160;&#160;Mr. Lopez, age 46, is
      currently DGSE&#8217;s Senior Vice President and Controller. Mr. Lopez has
      been with DGSE since September of 2012, and prior to DGSE served as
      Director of Financial Reporting and Internal Controls for Zale
      Corporation, a leading national retailer of jewelry and watches. Prior
      to joining Zale, Mr. Lopez was a Senior Manager in the accounting and
      auditing services division of KPMG LLP from 2007 through 2009.&#160;&#160;Mr.
      Lopez holds a B.B.A. in Accounting from the University of Texas at
      Arlington, from which he graduated cum laude.&#160;&#160;Mr. Lopez is a certified
      public accountant in the state of Texas.
    </p>
    <p style="text-indent: 30.0px; text-align: justify">
      Pursuant to the offer letter dated October 29, 2015 by and between DGSE
      and Mr. Lopez (the &#8220;Offer Letter&#8221;), Mr. Lopez will receive an annual
      gross salary of $225,000, with a performance bonus of up to 25% of his
      annual gross salary. In connection with his employment, Mr. Lopez will
      be entitled to participate in any equity compensation grants for senior
      management, commensurate or exceeding what other members of senior
      management of DGSE receive. Mr. Lopez is also entitled to participate in
      any and all benefit plans of DGSE in which he is eligible.
    </p>
    <p style="text-indent: 30.0px; text-align: justify">
      The above description of the Offer Letter is a summary and is qualified
      in its entirety by the Offer Letter itself, which is filed as Exhibit
      10.1 to this Current Report on Form 8-K and is incorporated herein by
      reference.
    </p>
    <p style="text-indent: 30.0px; text-align: justify">
      Other than the Offer Letter, there is no arrangement or understanding
      pursuant to which Mr. Lopez was selected as a director and officer of
      DGSE and there are no family relationships between Mr. Lopez and the
      other directors or executive officers of the Company. Since the
      beginning of DGSE&#8217;s last fiscal year, Mr. Lopez has not had any
      transactions or currently proposed transactions in which Mr. Lopez was
      or is to be a participant in amounts greater than $120,000 and in which
      any related person had or will have a direct or indirect material
      interest.
    </p>
    <p style="text-indent: 30.0px; text-align: justify">
      A press release issued by DGSE describing the items set forth above is
      attached hereto as Exhibit 99.1.
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; width: 100%; font-size: 10pt" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; width: 8%; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Item 9.01.</b>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 4%; text-align: left">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 88%; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Financial Statements and Exhibits.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 8%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 88%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; width: 8%; text-align: right">
          d.
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 4%; text-align: left">

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 88%; text-align: left">
          Exhibits
        </td>
      </tr>
      <tr>
        <td style="width: 8%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 88%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; width: 8%; text-align: left">

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 4%; text-align: left">

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 88%; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            10.1 &#160;&#160;&#160;&#160;Offer Letter by and between DGSE and Nabil J. Lopez dated
            October 29, 2015
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; width: 8%; text-align: left">

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 4%; text-align: left">

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 88%; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            99.1 &#160;&#160;&#160;&#160;Press Release dated October 29, 2015
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-bottom: 10pt; text-indent: 0pt; width: 100%; margin-right: 0pt; 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>

    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt"><b>SIGNATURES</b></font>
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      <font style="font-family: Times New Roman; font-size: 10pt">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.</font>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; width: 100%; font-size: 10pt" cellspacing="0">
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td colspan="2" valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            DGSE COMPANIES, INC.
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 6%">

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 44%; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 6%">

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 44%; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; width: 5%; padding-bottom: 2.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 45%; padding-bottom: 2.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 6%; padding-bottom: 2.0px; text-align: left">
          By:
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 44%; border-bottom-style: solid; border-bottom-color: black; text-align: left; border-bottom-width: 1.0pt">
          <p style="margin-bottom: 0px; margin-top: 0px">
            /s/ MATTHEW&#160;M. PEAKES
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 6%">

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 44%; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Matthew M. Peakes</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 6%">

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 44%; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <i>Chief Executive Officer</i>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; width: 5%; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Date:
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 45%; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            October 29, 2015
          </p>
        </td>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
      </tr>
    </table>
    </div>
    <div style="margin-bottom: 10pt; text-indent: 0pt; width: 100%; margin-right: 0pt; 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>

    </p>
    <p style="text-align: center">
      <b>EXHIBIT INDEX</b>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; width: 100%; font-size: 10pt" cellspacing="0">
      <tr>
        <td valign="top" style="padding-left: 0.0px; width: 15%; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Exhibit
          </p>
        </td>
        <td style="width: 85%">

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; width: 15%; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Number</u>
          </p>
        </td>
        <td valign="top" style="padding-left: 65.0px; width: 85%; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Description</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 15%">

        </td>
        <td style="width: 85%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; padding-right: 0.0px; width: 15%; text-align: left; white-space: nowrap">
          <p style="margin-bottom: 0px; margin-top: 0px">
            10.1
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 85%; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Offer Letter by and between DGSE and Nabil J. Lopez dated October
            29, 2015
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; padding-right: 0.0px; width: 15%; text-align: left; white-space: nowrap">
          <p style="margin-bottom: 0px; margin-top: 0px">
            99.1
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 85%; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Press Release dated October 29, 2015
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: left">

    </p>
  </body>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>a51213141ex10_1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2015 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-size: 8pt; font-family: Times New Roman">
    <p style="text-align: right">
      <font style="font-size: 10pt"><b>Exhibit 10.1</b></font>
    </p>
    <p>

    </p>
    <p>

    </p>
    <p>
      <font style="font-size: 10pt">October 29, 2015</font>
    </p>
    <p>
      <font style="font-size: 10pt">Nabil:</font>
    </p>
    <p>
      <font style="font-size: 10pt">On behalf of the Board of Directors of
      DGSE Companies, Inc. (the &#8220;Board&#8221;), I am pleased to offer you the
      positions of Chief Financial Officer and Secretary of the Board at DGSE
      Companies, Inc.&#160;&#160;This position will report directly to the Chief
      Executive Officer.</font>
    </p>
    <p>
      <font style="font-size: 10pt">The Board would like to extend to you the
      following compensation and benefits, beginning on your effective date,
      November 5, 2015:</font>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 10pt"><b>Salary:</b></font><font style="font-size: 10pt">
        Annual gross starting salary of $225,000, paid in biweekly
        installments by your choice of check or direct deposit</font>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 10pt"><b>Performance Bonus:</b></font><font style="font-size: 10pt">
        Up to twenty-five percent (25%) of your annual gross salary based on
        achievement of goals, annually agreed upon by the Board.</font>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 10pt"><b>Equity: </b></font><font style="font-size: 10pt">Participation
        in any equity compensation grants for senior management, commensurate
        with what other members of senior management receive</font>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-size: 10pt"><b>Benefits:</b></font><font style="font-size: 10pt">
        You will continue to be entitled to participate in all DGSE benefit
        plans for which you are eligible. While the plans offered may change
        from time to time during your employment we currently offer the
        following:</font>
      </li>
    </ul>
    <p style="margin-left: 60.0px">
      <font style="font-size: 10pt">Vacation: 20 days per year</font><font style="font-size: 10pt"><br style="font-size: 10pt"></font><font style="font-size: 10pt">401(k):
      Available the 90 days following initial employment date</font><font style="font-size: 10pt"><br style="font-size: 10pt"></font><font style="font-size: 10pt">Health
      Insurance: Blue Cross Blue Shield</font><font style="font-size: 10pt"><br style="font-size: 10pt"></font><font style="font-size: 10pt">Dental
      Insurance: Met Life</font><font style="font-size: 10pt"><br style="font-size: 10pt"></font><font style="font-size: 10pt">Life
      and Disability Insurance: MetLife</font><font style="font-size: 10pt"><br style="font-size: 10pt"></font><font style="font-size: 10pt">Short
      and Long Term Disability</font><font style="font-size: 10pt"><br style="font-size: 10pt"></font><font style="font-size: 10pt">Sick
      leave</font><font style="font-size: 10pt"><br style="font-size: 10pt"></font>
    </p>
    <p>
      <font style="font-size: 10pt">Accepting this offer of employment, you
      certify your understanding that your employment will be on an at-will
      basis, and that neither you, the Board, any shareholders, nor any third
      party has entered into any other contract regarding the terms or
      duration of your employment. As an at-will employee, either you or DGSE
      will be free to terminate your employment with the company at any time,
      with or without cause or advance notice. We look forward to your
      continued success at DGSE and are confident that you will continue to
      play a critical role in our company&#8217;s future.</font>
    </p>
    <p>
      <font style="font-size: 10pt">If you have any questions, please feel
      free to contact me at 972-587-4023.</font>
    </p>
    <p>
      <font style="font-size: 10pt">Sincerely,</font><font style="font-size: 10pt"><br style="font-size: 10pt"></font><font style="font-size: 10pt"><br style="font-size: 10pt"></font><font style="font-size: 10pt"><br style="font-size: 10pt"></font><font style="font-size: 10pt"><br style="font-size: 10pt"></font><font style="font-size: 10pt">Matthew
      Peakes</font><font style="font-size: 10pt"><br style="font-size: 10pt"></font><font style="font-size: 10pt">Chief
      Executive Officer</font>
    </p>
    <p>

    </p>
    <div style="margin-bottom: 10pt; margin-right: 0pt; width: 100%; text-indent: 0pt; 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>
      <font style="font-size: 10pt"><b>Accept Job Offer</b></font><font style="font-size: 10pt"><br style="font-size: 10pt"></font><font style="font-size: 10pt">By
      signing and dating this letter below, I, Nabil J. Lopez, accept this job
      offer of Chief Financial Officer and Secretary of the Board, by DGSE
      Companies, Inc.</font><font style="font-size: 10pt"><br style="font-size: 10pt"></font><font style="font-size: 10pt"><br style="font-size: 10pt"></font><font style="font-size: 10pt"><br style="font-size: 10pt"></font><font style="font-size: 10pt"><br style="font-size: 10pt"></font><font style="font-size: 10pt">Signature</font><u><font style="font-size: 10pt">:____/s/
      NABIL J. LOPEZ___________________________</font></u><font style="font-size: 10pt">
      Date:___</font><u><font style="font-size: 10pt">10/29/15__________</font></u>
    </p>
    <p>

    </p>
    <p>
      <font style="font-size: 10pt"><b>Decline Job Offer</b></font><font style="font-size: 10pt"><br style="font-size: 10pt"></font><font style="font-size: 10pt">By
      signing and dating this letter below, I, Nabil J. Lopez, decline this
      job offer of Chief Financial Officer and Secretary of the Board, by DGSE
      Companies, Inc.</font><font style="font-size: 10pt"><br style="font-size: 10pt"></font><font style="font-size: 10pt"><br style="font-size: 10pt"></font><font style="font-size: 10pt"><br style="font-size: 10pt"></font><font style="font-size: 10pt"><br style="font-size: 10pt"></font><font style="font-size: 10pt">Signature:_________________________________
      Date:_____________</font>
    </p>
    <p>

    </p>
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<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>a51213141ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <p style="text-align: right">
      <font style="font-size: 10pt"><b>Exhibit 99.1</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt"><b>DGSE
      Companies Announces CFO Transition</b></font>
    </p>
    <p>
      <font style="font-size: 10pt">DALLAS--(BUSINESS WIRE)--October 29,
      2015--DGSE Companies, Inc. (NYSE MKT: DGSE) (&#8220;DGSE&#8221; or &#8220;the Company&#8221;), a
      leading wholesaler and retailer of jewelry, diamonds, fine watches, and
      precious metal bullion and rare coin products, today announced that C.
      Brett Burford has tendered his resignation from the positions of Chief
      Financial Officer, and Director of DGSE Companies, Inc., to be effective
      November 4, 2015. Mr. Burford has accepted the position of Chief
      Financial Officer of Eyemart Express, LLC, a national retailer of
      prescription eyewear. Mr. Burford has been Chief Financial Officer of
      DGSE since August of 2012, and a director of the Company since April
      2014.</font>
    </p>
    <p>
      <font style="font-size: 10pt">&#8220;DGSE would like to thank Brett for his
      many significant contributions to the Company, during a critical time in
      the Company&#8217;s history. DGSE wishes him continued success in this next
      stage of his career,&#8221; stated Matthew Peakes, Chief Executive Officer and
      Chairman of DGSE.</font>
    </p>
    <p>
      <font style="font-size: 10pt">The Company also announced that its Board
      of Directors has named Nabil J. Lopez, currently the Company&#8217;s Senior
      Vice President and Controller, to replace Mr. Burford in the position of
      Chief Financial Officer. Mr. Lopez, has also been elected to replace Mr.
      Burford on the Company&#8217;s Board of Directors. Mr. Lopez has been with the
      Company since September of 2012, and prior to DGSE served as Director of
      Financial Reporting and Internal Controls for Zale Corporation, a
      leading national retailer of jewelry and watches. Mr. Lopez is a
      Certified Public Accountant in the state of Texas, and also has
      previously worked with the Dallas-based offices of KPMG LLP, Deloitte &amp;
      Touche LLP, and Ernst &amp; Young LLP.</font>
    </p>
    <p>
      <font style="font-size: 10pt">&#8220;We are extremely excited to have Nabil
      Lopez step into the CFO role at DGSE,&#8221; continued Mr. Peakes. &#8220;Nabil has
      an exceptional professional background, and has been a critical part of
      the rebuilding of DGSE&#8217;s accounting, financial reporting and internal
      control functions in the wake of the Company&#8217;s 2012 restatement. Nabil
      brings great leadership and technical capabilities, and will provide
      strong continuity within the accounting and finance function at DGSE.&#8221;</font>
    </p>
    <p>
      <font style="font-size: 10pt">On October 9, 2015 the Company also
      announced that J. Marcus Scrudder had been elected to the Board of
      Directors, and on October 16, 2015 the Company announced that Douglas J.
      Lattner had been elected to the Board. Mr. Scrudder is currently the
      President and Owner of Heartland Cabinetry and Furniture, Inc., and was
      previously Chief Executive Officer and Chief Financial Officer of
      Craftmade International, a NASDAQ-traded producer of ceiling fans,
      lighting and outdoor furniture. Mr. Lattner is a retired Principal and
      Vice Chairman of Deloitte &amp; Touche LLP, and former Chairman and CEO of
      Deloitte Consulting LLP.</font>
    </p>
    <p>
      <font style="font-size: 10pt">The Board has determined that both Mr.
      Scrudder and Mr. Lattner meet the definition of &#8220;independent director&#8221;
      for the purposes of the NYSE MKT and Securities and Exchange Commission
      (&#8220;SEC&#8221;) rules, and meet all other requirements of the NYSE MKT and SEC
      for the purposes of serving on the Audit Committee, the Compensation
      Committee, and the Compliance, Governance and Nominating Committee.</font>
    </p>
    <p>
      <font style="font-size: 10pt">The Company is currently engaged in a
      search to fill one remaining independent director role, as well as to
      fill the Controller role that Mr. Lopez will vacate as he moves into the
      CFO role.</font>
    </p>
    <p>
      <u><font style="font-size: 10pt"><b>About DGSE Companies</b></font></u>
    </p>
    <p>
      <font style="font-size: 10pt">DGSE Companies, Inc. wholesales and
      retails jewelry, diamonds, fine watches, and precious metal bullion and
      rare coin products through its Charleston Gold &amp; Diamond Exchange,
      Chicago Gold &amp; Diamond Exchange (formerly Bullion Express), and Dallas
      Gold &amp; Silver Exchange operations. DGSE also owns Fairchild
      International, Inc., one of the largest vintage watch wholesalers in the
      country. In addition to its retail facilities in Illinois, South
      Carolina, and Texas, the Company operates websites which can be accessed
      at </font><u><font style="font-size: 10pt">www.dgse.com</font></u><font style="font-size: 10pt">,
      and </font><u><font style="font-size: 10pt">www.cgdeinc.com</font></u><font style="font-size: 10pt">.
      Real-time price quotations and real-time order execution in precious
      metals are provided on another DGSE website at </font><u><font style="font-size: 10pt">www.USBullionExchange.com</font></u><font style="font-size: 10pt">.
      Wholesale customers can access the full vintage watch inventory through
      the restricted site at </font><u><font style="font-size: 10pt">www.FairchildWatches.com</font></u><font style="font-size: 10pt">.
      The Company is headquartered in Dallas, Texas and its common stock
      trades on the NYSE MKT exchange under the symbol &quot;DGSE.&quot;</font>
    </p>
    <p>
      <font style="font-size: 10pt">This press release includes statements
      which may constitute &quot;forward-looking&quot; statements, usually containing
      the words &quot;believe,&quot; &quot;estimate,&quot; &quot;project,&quot; &quot;expect&quot; or similar
      expressions. These statements are made pursuant to the safe harbor
      provisions of the Private Securities Litigation Reform Act of 1995.
      Forward-looking statements inherently involve risks and uncertainties
      that could cause actual results to differ materially from the
      forward-looking statements. Factors that would cause or contribute to
      such differences include, but are not limited to, continued acceptance
      of the Company's products and services in the marketplace, competitive
      factors, dependence upon third-party vendors, and other risks detailed
      in the Company's periodic report filings with the Securities and
      Exchange Commission. By making these forward-looking statements, the
      Company undertakes no obligation to update these statements for
      revisions or changes after the date of this release.</font>
    </p>
    <p style="text-align: center">

    </p>
    <p>
      <font style="font-size: 10pt">CONTACT:</font><font style="font-size: 10pt"><br style="font-size: 10pt"></font><font style="font-size: 10pt">DGSE
      Companies, Inc.</font><font style="font-size: 10pt"><br style="font-size: 10pt"></font><font style="font-size: 10pt">Matthew
      M. Peakes, 972-587-4021</font><font style="font-size: 10pt"><br style="font-size: 10pt"></font><font style="font-size: 10pt">CEO
      and Chairman</font><font style="font-size: 10pt"><br style="font-size: 10pt"></font><u><font style="font-size: 10pt">investorrelations@dgse.com</font></u>
    </p>
    <p>

    </p>
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