secwatch.observer — SEC 8-K summary
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Issuer:     Distribution Solutions Group, Inc. (DSGR)
CIK:        0000703604
Form:       8-K
Filed at:   2023-01-31T23:59:59+00:00
Accession:  0001193125-23-020414
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/703604/000119312523020414/0001193125-23-020414-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/703604/000119312523020414/d457171d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-020414

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