DSGR appoints Ronald Knutson as EVP and CFO; base salary $435K, equity grants of 10K RSUs and 123K options

Distribution Solutions Group, Inc.

Knutson to serve as EVP and CFO of both Distribution Solutions Group and Lawson Products, reporting to CEO.
Base salary of $435,000 per annum; annual target bonus at least 80% of base salary.
Receives 10,000 restricted stock units vesting in 20% installments over 5 years.
Receives 123,000 stock options (exercise prices $55, $80, $110, $140) vesting 20% over 5 years.
Severance: 2x base salary paid monthly for 24 months plus continued health coverage upon qualifying termination.

item 5.02 item 9.01

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Appointed

Ronald J. Knutson

Executive Vice President and Chief Financial Officer

DSGR · Distribution Solutions Group, Inc.

Effective: 2023-01-27
Filed: January 31, 2023, 6:59 PM ET

On January 27, 2023, Lawson Products, Inc., an Illinois corporation (the “Company”), a wholly-owned subsidiary of Distribution Solutions Group, Inc., a Delaware corporation (the “Registrant”), entered into an Employment Agreement with Ronald J. Knutson to serve as the Executive Vice President and Chief Financial Officer of the Registrant and the Executive Vice President and Chief Financial Officer of the Company.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Ronald J. Knutson was appointed as Executive Vice President and Chief Financial Officer at Distribution Solutions Group, Inc..

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On January 27, 2023, Lawson Products, Inc., an Illinois corporation (the “Company”), a wholly-owned subsidiary of Distribution Solutions Group, Inc., a Delaware corporation (the “Registrant”), entered into an Employment Agreement with Ronald J. Knutson to serve as the Executive Vice President and Chief Financial Officer of the Registrant and the Executive Vice President and Chief Financial Officer of the Company.

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Distribution Solutions Group, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-020414

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