DXP Enterprises, Inc. (NASDAQ:DXPE) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07
Submission of Matters to a Vote of Security Holders
As previously reported in the Original Form 8-K, in a non-binding advisory vote on the frequency of future Say On Pay votes held at the 2017 Annual Meeting, 10,940,075 shares of Common Stock voted for one year, 4,311 shares of Common Stock voted for two years, 2,573,818 shares of Common Stock voted for three years, 37,608 shares of Common Stock abstained, 500 shares of Series B Preferred Stock and Series A Preferred Stock voted for one year, no shares of Series B Preferred Stock or Series A Preferred Stock voted for two years, three years, or abstained. The Company has considered the outcome of this advisory vote and has determined, as was recommended with respect to this proposal by the Company's board of directors in the proxy statement for the 2017 Annual Meeting, that the Company will hold future Say On Pay votes on an annual basis until the occurrence of the next advisory vote on the frequency of Say On Pay votes. The next advisory vote regarding the frequency of Say On Pay votes is required to occur no later than the Company's 2023 Annual Meeting of Shareholders.
About DXP Enterprises, Inc. (NASDAQ:DXPE)
DXP Enterprises, Inc. (DXP) is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers. The Company operates through three segments: Service Centers, Supply Chain Services and Innovative Pumping Solutions. The Service Centers segment provides MRO products, equipment and services, including technical expertise and logistics capabilities to industrial customers. The Supply Chain Services segment manages all or part of a customer’s supply chain, including procurement and inventory management. The Innovative Pumping Solutions segment provides source for engineering, systems design and fabrication. It operates from approximately 190 locations in over 40 states in the United States, approximately 10 provinces in Canada, Dubai and one state in Mexico. The Company’s product categories include rotating equipment, bearings & power transmission, industrial supplies, metal working and safety products & services.
