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): May 3, 2007
Commission
file number 0-21513
DXP
Enterprises, Inc.
(Exact
name of registrant as specified in its charter)
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Texas
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76-0509661
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(State
or other jurisdiction of incorporation or organization)
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(I.R.S.
Employer Identification Number)
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7272
Pinemont, Houston, Texas 77040
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(713)
996-4700
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(Address
of principal executive offices)
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Registrant’s
telephone number, including area
code:
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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))
ITEM
1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On
May 4,
2007, DXP Enterprises, Inc. (“DXP”) acquired the business of Delta Process
Equipment, Inc. A copy of the definitive agreement is furnished as Exhibit
1.01
hereto, which is incorporated herein by reference.
On
May 3,
2007, DXP Enterprises, Inc., (the “Company”) increased its existing credit
facility (the “Facility”) with Wells Fargo Bank to $50 million from $40 million
and extended the maturity date to July 31, 2010. All other terms of the existing
Facility remain unchanged.
ITEM
7.01
REGULATION FD DISCLOSURE
The
following information is furnished pursuant to Regulation FD.
On
May 3,
2007, DXP Enterprises, Inc., issued a press release announcing the acquisition
of Delta Process Equipment, Inc, a copy of which is furnished as Exhibit 99.1
hereto, which is incorporated herein by reference. Such exhibit (i) is furnished
pursuant to Item 2.02 of Form 8-K, (ii) is not to be considered “filed” under
the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and (iii)
shall not be incorporated by reference into any previous or future filings
made
by or to be made by the Company with the Securities and Exchange Commission
under the Securities Act of 1933, as amended (the “Securities Act”), or the
Exchange Act.
ITEM
9.01. FINANCIAL STATEMENTS AND EXHIBITS
The
following exhibits are included herein:
| 10.1 |
Second
Amendment to Credit Agreement by and among DXP Enterprises, Inc., as
Borrower, and Wells Fargo Bank, as Bank, dated as of April 17,
2007
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| 10.2 |
Asset
Purchase Agreement Between DXP Enterprises, Inc. and Delta Process
Equipment, Inc. and DCCI and The
Shareholders
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| 99.1 |
Press
Release dated May 3, 2007
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