DXP Enterprises (NASDAQ: DXPE) investors approve directors, pay and auditor at 2026 meeting
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
DXP Enterprises, Inc. reported the results of its 2026 Annual Shareholders Meeting held on June 12, 2026. A total of 15,505,312 common shares were entitled to vote, with 14,288,857 shares, or 92.2%, voted in person or by proxy, plus 1,612 votes from preferred stock.
Shareholders re-elected all six director nominees, each receiving between 79.5% and 99.0% of votes cast. They also approved, on a non-binding advisory basis, the compensation of named executive officers with 97.6% support, and ratified PricewaterhouseCoopers LLP as independent auditor for fiscal 2026 with 99.0% of votes cast in favor.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.07 — Submission of Matters to a Vote of Security Holders
1 item
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Key Figures
Common shares entitled to vote: 15,505,312 shares
Common shares voted: 14,288,857 shares (92.2%)
Preferred votes: 1,612 votes
+3 more
6 metrics
Common shares entitled to vote
15,505,312 shares
2026 Annual Shareholders Meeting
Common shares voted
14,288,857 shares (92.2%)
2026 Annual Shareholders Meeting turnout
Preferred votes
1,612 votes
From 16,122 Series A and B preferred shares
Say-on-pay approval
13,230,682 votes for (97.6%)
Advisory vote on executive compensation
Auditor ratification approval
14,267,667 votes for (99.0%)
Ratification of PricewaterhouseCoopers LLP for 2026
Director support range
79.5%–99.0% for
Votes for six director nominees
Key Terms
broker non-votes, non-binding advisory vote, independent registered public accounting firm, emerging growth company, +1 more
5 terms
broker non-votes financial
"Broker non-votes have no effect on this proposal."
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
non-binding advisory vote financial
"approve, as a non-binding advisory vote, executive compensation"
A non-binding advisory vote is a shareholder vote that expresses investors’ opinion on a proposal (such as executive pay, corporate policy, or governance practices) but does not legally force the company to act. Think of it like a customer survey: it signals whether owners approve or disapprove and can pressure boards and managers to change course, so investors watch the result as an indicator of governance risk and potential future shifts in company strategy or leadership.
independent registered public accounting firm financial
"as the Company’s independent registered public accounting firm for fiscal 2026"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
emerging growth company regulatory
"Emerging growth company ⃞"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
broker non-votes* financial
"Broker non-votes* | 728,837 Vote Results | Approved"
FAQ
How strongly were DXP Enterprises (DXPE) directors supported in the 2026 election?
All six director nominees were re-elected. Support ranged from 79.5% of votes cast for Timothy P. Halter to 99.0% for David R. Little. Other directors received between 92.4% and 96.5% support, showing generally solid backing for the board slate presented.
What was the result of the DXP Enterprises (DXPE) say-on-pay vote in 2026?
Shareholders approved, on a non-binding advisory basis, the compensation of named executive officers. The proposal received 13,230,682 votes for, 313,927 against, and 17,023 abstentions, representing 97.6% support. There were 728,837 broker non-votes, which had no effect on the outcome.
What role did broker non-votes play in DXP Enterprises (DXPE) 2026 proposals?
Broker non-votes totaled 728,837 on the director elections and the advisory say-on-pay proposal. The company notes broker non-votes have no effect on these particular proposals, meaning only votes cast for, against, or abstaining determined the final approval outcomes.