Company: DXPE
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0001020710-25-000087
Chunk: 37

Company: DXP ENTERPRISES INC
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 37
---
 compensation decisions, such data is not the primary factor in the decision-making process.

In determining compensation opportunities for NEOs in 2023 and 2024, the Compensation Committee considered peer group data for select executive positions as a primary market reference point. As a secondary market reference point, the Compensation Committee reviewed pay levels from similarly sized revenue companies disclosed in published surveys. We did not select the constituent companies comprising the survey group, and the component companies’ identities were not a material factor in the applicable compensation analysis. The market information is considered a reference point rather than policy for reviewing competitiveness.

The Compensation Committee used this competitive market assessment as only one factor in its compensation decisions; the Compensation Committee also considered other factors including, but not limited to, each NEO time in their particular role, historical performance and, to a lesser extent, internal equity considerations.

Key Recent Changes to Executive Compensation Program

DXP’s Compensation Committee regularly reviews our executive compensation program with a view toward continuous improvement and consideration of investor feedback. In recent years, the Compensation Committee has enhanced the program to reinforce the already-strong linkages between (1) between pay and performance, (2) between the interests of our shareholders and the interests of our executive officers, and (3) between the Company’s strategic plan and executive compensation program. These improvements have included the introduction of a long-term incentive compensation program that took full effect in fiscal year 2022 .

The Compensation Committee has enhanced our executive compensation program over the last several years to reinforce our performance-oriented culture and expects to continue to improve the program as appropriate, but also believes that consistent use of best-practice designs is important in effectively communicating key messages to our executives. As a result, the Compensation Committee does not revise the program to align with emerging trends unless it sees a clear business rationale for DXP.

#### Methodologies for Establishing Compensation
In determining the appropriate compensation levels for our Chief Executive Officer, the Compensation Committee meets outside the presence of all of our executive officers. With respect to the compensation levels of all other NEOs, the Compensation Committee meets with our Chief Executive Officer who makes recommendations to the Compensation Committee regarding the compensation of the other NEOs.

#### DXP ENTERPRISES, INC. 2025 PROXY STATEMENT36
What We Pay and Why: Overview of Key 2024 Program Elements

| Element                    |     | Nature           |     | Description                                                                                               |     | Why We Provide It                                                                                                                  |
| Base Salary                |     | Cash             |     | Fixed compensation component payable in cash; reviewed