secwatch.observer — SEC 8-K summary
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Issuer:     Distribution Solutions Group, Inc. (DSGR)
CIK:        0000703604
Form:       8-K
Filed at:   2022-04-08T23:59:59+00:00
Accession:  0001193125-22-100369
Event type: leadership
Sentiment:  negative
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CEO Michael DeCata to retire May 1; no successor named
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- DeCata resigns as CEO of Lawson Products Operating Company effective April 4, remains CEO of Parent until May 1.
- Retirement and Consulting Agreement signed: consulting role from May 1, 2022 through May 1, 2026 at $600,000/year.
- All outstanding restricted stock units will accelerate vesting as of May 1, 2022.
- Company has not announced a replacement for CEO; search presumably underway.
- DeCata will provide consulting services for orderly transition, up to ~350 hours/year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/703604/000119312522100369/0001193125-22-100369-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/703604/000119312522100369/d356430d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-100369

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer