secwatch.observer — SEC 8-K summary
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Issuer:     Distribution Solutions Group, Inc. (DSGR)
CIK:        0000703604
Form:       8-K
Filed at:   2025-07-02T23:59:59+00:00
Accession:  0001193125-25-154957
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/703604/000119312525154957/0001193125-25-154957-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/703604/000119312525154957/d817533d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-154957

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