UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): December 14, 2016
Commission file number 0-21513
DXP Enterprises, Inc.
(Exact name of registrant as specified in its charter)
Texas |
76-0509661 |
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification Number) |
7272 Pinemont, Houston, Texas 77040 |
(713) 996-4700 |
(Address of principal executive offices) |
Registrant’s telephone number, including area code. |
_________________________
Registrant’s telephone number, including area code:
(713) 996-4700
_________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
(a)
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Amended and restated the maximum permitted ratio for the Consolidated Leverage Ratio per the table found in Section 9.12(a) of the Credit Agreement to NONE for the period January 1, 2016 and thereafter;
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(b)
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Amended and restated the minimum permitted ratio for the Consolidated Fixed Charge Coverage Ratio per the table found in Section 9.12(b) of the Credit Agreement to NONE for the period January 1, 2016 and thereafter;
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(c)
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Amended and restated the permitted Minimum Consolidated EBITDA per the table found in Section 9.12(d) of the Credit Agreement in its entirety to read as follows:
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Period
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Minimum Consolidated EBITDA
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July 31, 2016
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$
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49,429,000
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August 31, 2016
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$
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45,667,000
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September 30, 2016
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$
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43,900,000
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October 31, 2016
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$
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43,764,000
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November 30, 2016
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$
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44,068,000
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December 31, 2016
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$
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39,891,000
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January 31, 2017
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$
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40,576,000
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February 28, 2017
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$
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42,257,000
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March 31, 2017
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$
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43,276,000
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April 30, 2017
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$
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41,266,000
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May 31, 2017
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$
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39,283,000
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June 30, 2017
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$
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36,210,000
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July 31, 2017
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$
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42,968,000
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August 31, 2017
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$
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42,411,000
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September 30, 2017
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$
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39,306,000
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October 30, 2017 and thereafter
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$
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39,000,000
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(d)
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Amended and restated the definition of "Consolidated EBITDA" per Section 1.1 of the Credit Agreement to read in its entirety as follows:
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(e)
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Amended Section 8.2 of the Credit Agreement by amending and restating subsection (a) to read in its entirety as follows:
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(a)
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at each time financial statements are delivered pursuant to Sections 8.1(a), (b) or (g), a duly completed Officer's Compliance Certificate signed by a Financial Officer of the US Borrower and a report containing management's discussion and analysis of such financial statements;
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(f)
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Amended and restated the Officer's Compliance Certificate to conform with the changes contained in the Amendment.
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