{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-24-018386","form_type":"8-K","ticker":"PRTS","cik":"0001378950","company_name":"CarParts.com, Inc.","filed_at":"2024-04-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.163657+00:00","generated_at":"2026-06-04T01:42:50.337517+00:00","sec_items":["1.01","3.03","5.03","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"CarParts.com adopts poison pill to protect $105M federal NOLs and $85M state tax credits","bullets":["Tax Benefits Preservation Plan triggers at 4.99% ownership; rights become exercisable with 2x market value dilution.","Dividend of one right per common share payable April 16, 2024; record date April 16.","Rights expire April 5, 2027, or earlier if stockholder approval not obtained by April 2025 annual meeting.","Plan designed to prevent an ownership change under Section 382 that would limit use of $105.2M federal and $84.8M state tax attributes.","Board may exempt acquisitions that do not impair tax attributes; plan is similar to those adopted by other public companies."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-24-018386","json":"https://secwatch.observer/filing/0001140361-24-018386.json","markdown":"https://secwatch.observer/filing/0001140361-24-018386.md","text":"https://secwatch.observer/filing/0001140361-24-018386.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1378950/000114036124018386/0001140361-24-018386-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1378950/000114036124018386/ef20026015_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T01:42:50.337517+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e91a2bcc8596219d2918a216816b712bab3e5529","claim":"CarParts.com, Inc.: Board approved and filed a Certificate of Designation for Series B Junior Participating Preferred Stock, designating rights, preferences, and privileges of 100,000 shares of preferred stock.","evidence_excerpt":"In connection with the adoption of the Plan described in Item 1.01 of this Current Report, the Board approved a Certificate of Designation of Series B Junior Participating Preferred Stock (the “Certificate of Designation”), which designates the rights, preferences and privileges of 100,000 shares of a series of the Company’s preferred stock, par value $0.001, designated as Series B Junior Participating Preferred Stock. The Company filed the Certificate of Designation with the Secretary of State of the State of Delaware on April 5 , 2024.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1378950/000114036124018386/0001140361-24-018386-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"}],"fact_type":"governance_change"},{"claim_id":"383397c214b29f534151577649b1edc1d06be547","claim":"CarParts.com, Inc. entered into Tax Benefits Preservation Plan with Computershare Trust Company, N.A. (effective 2024-04-05).","evidence_excerpt":"On April 5, 2024, CarParts.com, Inc. (the “Company”) entered into the Tax Benefits Preservation Plan (the “Plan”), between the Company and Computershare Trust Company, N.A., as rights agent (the “Rights Agent”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1378950/000114036124018386/0001140361-24-018386-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Computershare Trust Company, N.A."},{"label":"Effective","value":"2024-04-05"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}