Distribution Solutions Group’s Two-for-One Stock Split Becomes Effective on August 31, 2023
August 31 2023 - 4:35PM
Business Wire
Distribution Solutions Group, Inc. (Nasdaq: DSGR) (“DSG” or
the “Company”) announced today that it filed its Third Amended
and Restated Certificate of Incorporation with the Secretary of
State of the State of Delaware to increase the number of authorized
shares of the Company’s common stock, $1.00 par value per share
(the “Common Stock”) from 35,000,000 to 70,000,000 (the “Share
Increase”) and to effect the previously announced two-for-one stock
split (the “Stock Split”) of shares of Common Stock. The Share
Increase and Stock Split became effective after market close on
August 31, 2023. Based on the number of shares of Common Stock
outstanding as of August 25, 2023, the record date for the Stock
Split, the Company has 46,699,990 shares of Common Stock
outstanding on a split-adjusted basis. The shares of Common Stock
will begin trading on the Nasdaq Global Select Market on a
split-adjusted basis at the start of trading hours on Friday,
September 1, 2023, under the existing trading symbol “DSGR”.
About Distribution Solutions Group,
Inc.
DSG is a multi-platform specialty distribution company providing
high touch, value-added distribution solutions to the maintenance,
repair & operations (“MRO”), the original equipment
manufacturer and the industrial technologies markets. DSG was
formed through the strategic combination of Lawson Products, a
leader in MRO distribution of C-parts, Gexpro Services, a leading
global supply chain services provider to manufacturing customers,
and TestEquity, a leader in electronic test & measurement
solutions.
Through its collective businesses, DSG is dedicated to helping
customers lower their total cost of operation by increasing
productivity and efficiency with the right products, expert
technical support and fast, reliable delivery to be a one-stop
solution provider. DSG serves approximately 170,000 customers in
several diverse end markets supported by approximately 3,800
dedicated employees and strong vendor partnerships. DSG ships from
strategically located distribution and service centers to customers
in North America, Europe, Asia, South America and the Middle
East.
For more information on Distribution Solutions Group please
visit www.distributionsolutionsgroup.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230831654478/en/
Company Contact: Distribution Solutions Group, Inc.
Ronald J. Knutson Executive Vice President, Chief Financial Officer
and Treasurer 773-304-5665
Investor Relations Contacts: Three Part Advisors, LLC
Steven Hooser or Sandy Martin 214-872-2710
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