On February 14, 2017, Lawson Products, Inc. (the “Company”) entered into a Seventh Amendment to Loan and Security Agreement (the “Amendment”) with The PrivateBank and Trust Company (“PrivateBank”) which amends The Loan and Security Agreement (“Loan Agreement”) entered into between the Company and PrivateBank in August 2012.

Among other items, the Amendment updates certain provisions to allow for account control agreements to be presented by the Company to PrivateBank for relationships that the Company has with other financial institutions.

The foregoing summary is qualified in its entirety by the Amendment which is hereby attached as exhibit 10.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

10.1 Seventh Amendment to Loan and Security Agreement

About LAWSON PRODUCTS, INC. (NASDAQ:LAWS)

Lawson Products, Inc. is a distributor of products and services the industrial, commercial, institutional and government maintenance, repair and operations (MRO) market. The Company’s product categories include fastening systems, fluid power, specialty chemicals, cutting tools and abrasives, electrical, aftermarket automotive supplies, safety, welding and metal repair, and other. The Company supplies a range of automotive products, including body hardware, body shop, brake/wheel, fleet/truck, repair harness assembly and other parts. The Company offers approximately 200,000 different core products for sale of which approximately 50,000 products are maintained in its distribution centers. The Company’s customers operate in a range of industries, including automotive repair, commercial vehicle maintenance, government, manufacturing, food processing, distribution, construction, oil and gas, mining, wholesale and service.

LAWSON PRODUCTS, INC. (NASDAQ:LAWS) Recent Trading Information

LAWSON PRODUCTS, INC. (NASDAQ:LAWS) closed its last trading session up +0.25 at 26.35 with 15,825 shares trading hands.