Barry Litwin appointed CEO of TestEquity, DSGR subsidiary, effective July 14, 2025

Distribution Solutions Group, Inc.

Litwin succeeds Russ Frazee, who remains in advisory role to ensure smooth transition.
Base salary $850,000 annually; target bonus 100% of base salary (0-150% range).
Equity grants: 70,000 RSUs (25% vest on grant, remainder annually) and 430,000 stock options in four tranches with 20% annual vesting.
Litwin previously CEO of Global Industrial Company ($1.4B revenue) from 2019-2024.
Employment agreement effective June 26, 2025; includes severance for termination without cause.

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