Company: DXPE
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0001020710-25-000087
Chunk: 28

Company: DXP ENTERPRISES INC
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 28
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 our employees or otherwise are not independent do not receive any compensation for attending board or committee meetings. Additionally, during fiscal year 2021, the Board of Directors engaged Longnecker & Associates to review both directors and executive compensation and pay. Effective, January 1, 2022, it was determined that the board would receive an increase in fees from $3,000 for each quarterly board meeting to $12,500 per quarterly board meeting. Effective July 31, 2024, the Board compensation structure was revised to include a 10% increase in the annual fee, chair fee and restricted stock awards. The following table summarizes the annual fees in cash for the Board.

|                                              |     | Amount $ |
| Annual fee                                   |     |  $55,000 |
| Annual fee for Audit Committee Chair         |     |   16,500 |
| Annual fee for Compensation Committee Chair  |     |   11,000 |
| Annual fee for Nominating & Governance Chair |     |   11,000 |
| Annual fee for IT & Cyber Committee Chair    |     |   11,000 |

Restricted Stock . In addition to the compensation set forth above, each non-employee director receives restricted stock granted under the 2016 Omnibus Incentive Plan. The number of whole shares granted each July 1 is calculated by dividing $82,500 by the closing price of the Common Stock on such July 1. The fair value of restricted stock awards is measured based upon the closing prices of DXP’s Common Stock on the grant dates and is recognized as compensation expense over the vesting period of the awards.

On July 1, 2024, Mannes, Halter, Patton and Hoffman each received 1,862 shares of restricted stock. The shares of restricted stock vest one year on the anniversary of the date of grant.

#### Indemnification
The Company has entered into indemnification agreements with each of its directors. These agreements require the Company to indemnify such individuals for certain liabilities to which they may become subject as a result of their affiliation with the Company, to the extent permitted by applicable law.

#### Other Items
The Company reimburses all directors for reasonable travel expenses incurred when attending Board and committee meetings.

The table below summarizes the compensation paid by the Company to our Directors, other than Mr. Little and Mr. Yee, for the fiscal year ended December 31, 2024.

#### DXP ENTERPRISES, INC. 2025 PROXY STATE