secwatch.observer — SEC 8-K summary
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Issuer:     CarParts.com, Inc. (PRTS)
CIK:        0001378950
Form:       8-K
Filed at:   2022-03-15T23:59:59+00:00
Accession:  0001140361-22-009576
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CarParts.com names David Meniane CEO and Ryan Lockwood CFO; Lev Peker steps down
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- CEO Lev Peker resigns effective April 15, 2022, to pursue other opportunities; no disagreement cited.
- David Meniane, current COO/CFO, becomes CEO and Class III director on April 18, 2022; salary $609k, bonus target 100%.
- Ryan Lockwood, SVP Finance, appointed CFO on April 18, 2022; salary $400k, bonus target 50% ($200k first year).
- Meniane receives $1.4M in time-based RSUs (3-year vest) and $502k performance RSUs.
- Lockwood receives $464k time-based RSUs (3-year vest) and $406k performance RSUs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1378950/000114036122009576/0001140361-22-009576-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1378950/000114036122009576/brhc10035220_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-009576

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer