secwatch.observer — SEC 8-K summary
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Issuer:     CarParts.com, Inc. (PRTS)
CIK:        0001378950
Form:       8-K
Filed at:   2021-11-22T23:59:59+00:00
Accession:  0001378950-21-000045
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CarParts.com board adopts Officer and Director Share Purchase Plan; 250,000 shares reserved
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- Board approved a share purchase plan enabling officers and directors to buy common stock at fair market value via payroll or fee deductions.
- Plan reserves 250,000 shares of common stock for issuance; all shares are fully vested upon purchase.
- Purchases occur on regular pay dates; participation is voluntary and subject to committee approval.
- Deductions cannot reduce compensation below applicable minimum wage; plan effective November 16, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1378950/000137895021000045/0001378950-21-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1378950/000137895021000045/prts-20211116x8k.htm
  HTML page:      https://secwatch.observer/filing/0001378950-21-000045

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