OBS Studio requires some additional files (Visual C++ 2017 Redistributables) that are not currently installed on your system. Please run this Microsoft installer in order to continue setup:

Visual C++ 2017 Redistributable [32 bit] - vc_redist.x86.exe

If you're using Windows 7 or 8.1, make sure you have also installed all available updates from Windows Update (or manually install the Universal C Runtime update).