# EDGAR Filing Document

**Accession Number:** 0001020710
**File Stem:** 0001020710-23-000020
**Filing Date:** 2023-3
**Character Count:** 8108
**Document Hash:** 0412e7891480a4c3289dc2fd6836e339
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001020710-23-000020.hdr.sgml**: 20230317

**ACCESSION NUMBER**: 0001020710-23-000020

**CONFORMED SUBMISSION TYPE**: NT 10-K

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230317

**DATE AS OF CHANGE**: 20230317

**EFFECTIVENESS DATE**: 20230317

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DXP ENTERPRISES INC
- **CENTRAL INDEX KEY:** 0001020710
- **STANDARD INDUSTRIAL CLASSIFICATION:** WHOLESALE-INDUSTRIAL MACHINERY & EQUIPMENT [5084]
- **IRS NUMBER:** 760509661
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NT 10-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-21513
- **FILM NUMBER:** 23742325

**BUSINESS ADDRESS:**
- **STREET 1:** 5301 HOLLISTER STREET
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77040
- **BUSINESS PHONE:** 7139964700

**MAIL ADDRESS:**
- **STREET 1:** 5301 HOLLISTER STREET
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77040

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** INDEX INC
- **DATE OF NAME CHANGE:** 19960808

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|:---|
| **United States** |
| **Securities and Exchange Commission** |
| **Washington, D.C. 20549** |
| **FORM 12b-25** |
| **Notification of Late Filing** |

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(Check One): ☑ Form 10-K ☐ Form 20-F ☐ Form 11-K ☐ Form 10-Q ☐ Form 10-D ☐ Form N-SAR ☐ Form N-CSR

For Period Ended: <u>December, 31, 2022</u>

☐ Transition Report on Form 10-K

☐ Transition Report on Form 20-F

☐ Transition Report on Form 11-K

☐ Transition Report on Form 10-Q

☐ Transition Report on Form N-SAR

For the Transition Period Ended: 

<br>**Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.**<br>

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates: <br> 

**Part I - Registrant Information**

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| |
|:---|
| **DXP ENTERPRISES INC** |
| **Full Name of Registrant** |
| **N.A.** |
| **Former Name if Applicable** |
| **5301 Hollister Drive** |
| **Address of Principal Executive Office *(Street and Number)*** |
| **Houston, TX 77040** |
| **City, State and Zip Code** |

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**Part II - Rules 12b-25(b) and (c)**

If the subject report could not be filed without unreasonable effort of expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate.)

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|:---|:---|:---|
| | (a) | The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense. |
| ☑ | (b) | The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and |
| | (c) | The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable. |

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**Part III - Narrative**

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|:---|
| State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period. |
| DXP Enterprises, Inc. (the "Company") is unable to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2022 (the "2022 10-K"), as the Company requires additional time to complete the procedures relating to its year-end reporting process and procedures relating to management's assessment of the effectiveness of internal controls. The Company expects to report additional material weaknesses related to revenue, access to systems and sufficiency of personnel. As a result, the Company cannot file its 2022 10-K within the prescribed period without unreasonable effort or expense. The Company intends to file its Form 10-K by March 31, 2023.  |

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**Part IV - Other Information**

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|:---|:---|:---|
| 1. Name and telephone number of person to contact in regard to this notification | 1. Name and telephone number of person to contact in regard to this notification | 1. Name and telephone number of person to contact in regard to this notification |
| <br>Kent Yee | <br>713 | <br>996-4736 |
| (Name) | <br>(Area Code) | <br>(Telephone Number) |

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2. Have all other periodic reports required under section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s). Yes ☑ No ☐<br>

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| 3. Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? Yes ☑ No ☐ |
| If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made. |
| For the year ended December 31, 2022, the Company expects to reflect a significant increase in revenue, operating income, earnings before interest, taxes, depreciation and amortization ("EBITDA") and diluted earnings per common share ("EPS") compared to the year ended December 31, 2021. For the twelve months ended December 31, 2022, the Company expects revenues to range between $1.40 billion to $1.46 billion, compared to $1.11 billion for the twelve months ended December 31, 2021. Operating income is expected to range between $80 million to $90 million for the twelve months ended December 31, 2022, compared to $40 million for the for the same period in the prior year. EBITDA for the twelve months ended December 31, 2022, is expected to be in the range of $110 million to $120 million compared to EBITDA of $67 million for the same period in the prior year. Fully diluted EPS for the twelve months ended December 31, 2022, is expected to be in the range of $1.92 to $2.07 compared to EPS of $0.83 for the same period in the prior year. This financial information is preliminary, unaudited and subject to change pending the completion of the 2022 10K.  |
| The Private Securities Litigation Reform Act of 1995 provides a "safe-harbor" for forward-looking statements. Certain information included in this Form 12b-25 contains statements that are forward-looking about the Company's expectations regarding revenue, operating income, EBITDA and diluted EPS. Such forward-looking expectations are based on preliminary results of the Company's audit for the year ended December 31, 2022 and the completed audited numbers may vary significantly from those forecasted above. Undue reliance should not be placed on the Company's forward-looking statements. Although forward-looking statements reflect the company's good faith beliefs, reliance should not be placed on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which may cause the company's actual results to differ materially from anticipated future results expressed or implied by such forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise, except to the extent required by law. |

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|:---|
| **DXP ENTERPRISES, INC.** |
| (Name of Registrant as Specified in Charter) |

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has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized

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|:---|:---|:---|:---|:---|:---|
| Date: | 3-17-2023 | By: | /s/ Kent Yee | Title: | Senior Vice President & CFO |

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