Motorcar Parts of America Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
$MPAA
Auto Parts:O.E.M.
Consumer Discretionary
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): September 5, 2024
(Exact name of registrant as specified in its charter)
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number, including area code: (310 )
212-7910
N/A
(Former name or former address, if changed since last report)
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading
Symbol(s)
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Name of each exchange on which registered
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised
financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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Item 5.07.
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Submission of Matters to a Vote of Security Holders.
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The Annual Meeting of Shareholders of Motorcar Parts of America, Inc. (the “Company”) was held on September 5, 2024 (the “Meeting”).
At the Meeting, the Company’s Shareholders voted on proposals to: (i) elect directors; (ii) ratify the appointment of Ernst & Young LLP as the
Company’s independent registered public accountants for the fiscal year ending March 31, 2025; (iii) approve on a non-binding advisory basis the compensation of our named executive officers, and (iv) approve the First Amendment to the Motorcar
Parts of America, Inc. 2022 Incentive Award Plan (“First Amendment”).
All nominees for election to the Board of Directors of the Company, as directors, were elected to serve until the next Annual Meeting of
Shareholders and until their respective successors are duly elected and qualified, or until the earlier of such director’s death, resignation or removal. The Shareholders also ratified the selection of the independent registered public
accountants. The Shareholders approved on a non-binding advisory basis the compensation of our named executive officers. Moreover the Shareholders approved the First Amendment.
The number of votes cast for or against and the number of abstentions and broker non-votes with respect to each proposal are set forth below:
Proposal 1—Election of Directors
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Nominee
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Shares For
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Shares Against
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Shares Withheld
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Broker Non-Votes
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Selwyn Joffe
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12,551,845
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1,841,178
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4,440
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1,781,356
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David Bryan
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9,739,157
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4,651,759
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6,547
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1,781,356
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Joseph Ferguson
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9,960,085
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4,433,431
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3,947
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1,781,356
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Philip Gay
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9,944,792
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4,448,724
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3,947
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1,781,356
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F. Jack Liebau, Jr.
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13,990,407
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405,609
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1,447
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1,781,356
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Jeffrey Mirvis
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9,741,130
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4,654,886
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1,447
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1,781,356
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Anil Shrivastava
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14,344,310
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52,656
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497
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1,781,356
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Douglas Trussler
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14,341,753
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54,263
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1,447
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1,781,356
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Patricia (Tribby) Warfield
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9,950,061
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4,440,855
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6,547
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1,781,356
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Barbara Whittaker
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9,750,852
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4,640,064
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6,547
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1,781,356
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Proposal 2 – Ratification of Ernst & Young LLP
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Shares For
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Shares Against
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Shares Abstaining
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15,818,208
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356,337
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4,274
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Proposal 3 – Advisory Vote on the Compensation of our Named Executive Officers
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Shares For
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Shares Against
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Shares Abstaining
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Broker Non-Votes
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12,263,658
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1,384,514
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749,291
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1,781,356 |
Proposal 4 – First Amendment to Motorcar Parts of America, Inc. 2022 Incentive Award Plan
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Shares For
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Shares Against
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Shares Abstaining
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Broker Non-Votes
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11,899,974
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2,480,629
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16,860
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1,781,356
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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MOTORCAR PARTS OF AMERICA, INC.
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Date: September 9, 2024
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/s/ Juliet Stone
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Juliet Stone
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Vice President and General Counsel
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