secwatch.observer — SEC 8-K summary
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Issuer:     DXP ENTERPRISES INC (DXPE)
CIK:        0001020710
Form:       8-K
Filed at:   2021-11-12T23:59:59+00:00
Accession:  0001193125-21-327411
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 4.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DXP auditor Moss Adams resigns; restatement; material weaknesses; Nasdaq compliance risk
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- Moss Adams resigned as auditor effective upon filing of Q3 10-Q; McConnell & Jones engaged for FY 2021.
- Company restated 2018-2020 financials and Q1 2021 due to aged unvouchered purchase orders.
- Material weaknesses in internal control over financial reporting as of Dec 31, 2020; disclosure controls not effective.
- Nasdaq confirmed current filings as of Nov 8 but Q3 late filing expected to trigger another deficiency notice.
- If compliance not regained, securities subject to delisting; 60-day plan submission, up to 180-day exception.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1020710/000119312521327411/0001193125-21-327411-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1020710/000119312521327411/d255749d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-327411

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