Dorman Products, Inc. — fact timeline

Dorman Products, Inc. incurred revolving credit of $800,000,000 with Bank of America, N.A. maturing June 16, 2031.

“On June 16, 2026, the Company entered into an Amendment No. 3 (the “Amendment”) to the Credit Agreement, dated as of August 10, 2021 (as amended by Amendment No. 1, dated as of October 4, 2022 and as further amended by Amendment No. 2, dated as of July 1, 2024, the “Original Credit Agreement” and, as amended by the Amendment, the “Amended Credit Agreement”), among the Company, the Guarantors party thereto, the lenders party thereto and Bank of America, N.A., as administrative agent. The Amendment refinanced the existing revolving credit facility under the Original Credit Agreement with a new five-year revolving credit facility in an aggregate principal amount of $800,000,000, extending the maturity date to June 16, 2031.”

Dorman Products, Inc. incurred senior notes of $450,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 6.250% per year maturing June 15, 2034.

“On June 16, 2026, Dorman Products, Inc. (the “Company”) issued $450,000,000 aggregate principal amount of 6.250% senior notes due June 2034 (the “Notes”), pursuant to an indenture, dated as of June 16, 2026 (the “Indenture”), among the Company, the guarantors party thereto, and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).”

Dorman Products, Inc. terminated Original Credit Agreement valued at repaid in full all outstanding term loans (effective 2026-06-16).

“In addition, the Company repaid in full all outstanding term loans under the Original Credit Agreement together with unpaid interest and fees in respect thereof, with the proceeds from the issuance of the Notes.”

Dorman Products, Inc. entered into Amendment with Bank of America, N.A., as administrative agent valued at new five-year revolving credit facility in an aggregate principal amount of $800,000,000 (effective 2026-06-16).

“On June 16, 2026, the Company entered into an Amendment No. 3 (the “Amendment”) to the Credit Agreement, dated as of August 10, 2021 (as amended by Amendment No. 1, dated as of October 4, 2022 and as further amended by Amendment No. 2, dated as of July 1, 2024, the “Original Credit Agreement” and, as amended by the Amendment, the “Amended Credit Agreement”), among the Company, the Guarantors party thereto, the lenders party thereto and Bank of America, N.A., as administrative agent.”

Dorman Products, Inc. entered into Indenture with U.S. Bank Trust Company, National Association valued at $450,000,000 aggregate principal amount of 6.250% senior notes due June 2034 (effective 2026-06-16).

“On June 16, 2026, Dorman Products, Inc. (the “Company”) issued $450,000,000 aggregate principal amount of 6.250% senior notes due June 2034 (the “Notes”), pursuant to an indenture, dated as of June 16, 2026 (the “Indenture”), among the Company, the guarantors party thereto, and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).”

Dorman Products, Inc. shareholders approved Approval of Dorman Products, Inc. 2026 Omnibus Incentive Plan at the 2026-05-15 meeting.

“The Dorman Products, Inc. 2026 Omnibus Incentive Plan was approved based on upon the following votes:”

Dorman Products, Inc. shareholders approved Ratification of KPMG LLP as independent registered public accounting firm for 2026 at the 2026-05-15 meeting.

“The appointment of KPMG LLP as the Company’s independent registered public accounting firm for 2026 was ratified based upon the following votes:”

Dorman Products, Inc. shareholders approved Advisory vote on named executive officer compensation at the 2026-05-15 meeting.

“The compensation of the Company’s named executive officers, as described in the proxy statement, was approved on an advisory basis based upon the following votes:”

Dorman Products, Inc. shareholders approved Election of eight directors at the 2026-05-15 meeting.

“The following nominees were each elected to serve as director for a term of one year to expire at the next annual meeting of shareholders and until his or her successor has been elected and qualified or until his or her earlier death, resignation or removal based upon the following votes:”

Dorman Products, Inc. reported first quarter ended March 28, 2026 results: revenue $528.8 million, EPS $1.43. Guidance reaffirmed.

“Products, Inc. Reports First Quarter 2026 Results and Reaffirms 2026 Guidance Highlights (All comparisons are to the prior year period unless otherwise noted) : • Net sales of $528.8 million for the quarter, up 4.2% • Diluted earnings per share (“EPS”) of $1.43, down 24% • Adjusted diluted EPS* of $1.57, down 22% • Generated $43.8 million of cash from operating”

David M. Hession departed as Senior Vice President and Chief Financial Officer at Dorman Products, Inc..

“Mr. David M. Hession notified Dorman Products, Inc. (the “Company”) of his intention to retire as Senior Vice President and Chief Financial Officer (“CFO”) of the Company later this year.”

Gregory Bowen was appointed as Vice President, Chief Accounting Officer at Dorman Products, Inc..

“On May 19, 2025, Dorman Products, Inc. (the "Company") appointed Gregory Bowen as its Vice President, Chief Accounting Officer and as its principal accounting officer.”

Dorman Products, Inc. shareholders approved Ratification of the appointment of KPMG LLP as the Company's independent registered public accounting firm for fiscal year 2024 at the 2024-05-17 meeting.

“The appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024 was ratified based upon the following votes:”

Dorman Products, Inc. shareholders approved Advisory approval of the compensation of the Company's named executive officers at the 2024-05-17 meeting.

“The compensation of the Company’s named executive officers, as described in the proxy statement, was approved on an advisory basis based upon the following votes:”

Dorman Products, Inc. shareholders approved Election of eight directors to serve for a one-year term at the 2024-05-17 meeting.

“The following nominees were each elected to serve as director for a term of one year to expire at the next annual meeting of shareholders and until his or her successor has been elected and qualified or until his or her earlier death, resignation or removal based upon the following votes:”

Dorman Products, Inc. reported first quarter ended March 30, 2024 results: revenue $468.7 million, EPS $1.05. Guidance reaffirmed.

“• Net sales of $468.7 million, up 0.4% compared to $466.7 million • Diluted earnings per share (“EPS”) of $1.05, up 483% compared to $0.18”

Dorman Products, Inc. updated its the fourth quarter and full year ended December 31, 2023 guidance (initiated).

“On February 26, 2024, Dorman Products, Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter and full year ended December 31, 2023.”

Dorman Products, Inc. reported third quarter ended September 30, 2023 results: revenue $488.2 million, net income $40.5 million, EPS $1.28 per diluted share. Guidance lowered.

“(EX-99.1) --- Dorman Products, Inc. Reports Third Quarter 2023 Results Highlights (All comparisons are to the prior year period unless otherwise noted) : • Net sale s of $488.2 million, up 18% • Record diluted earnings per share (“EPS”) of $1.28, up 32% compared to $0.97 • Record adjusted diluted EPS* of $1.40, up 20% compared to $1.17 and up 39% compared to”

Dorman Products, Inc. reported second fiscal quarter ended July 1, 2023 results: revenue $480.6 million, net income $32.8 million, EPS $1.04 per diluted share. Guidance reaffirmed.

“Reports Second Quarter 2023 Results Highlights (All comparisons are to the prior year period unless otherwise noted) : • Net sale s of $480.6 million, up 15% • Diluted earnings per share (“EPS”) of $1.04, compared to $1.20 • Adjusted diluted EPS* of $1.01, compared to $1.29 • Generated $67 million of cash from operating activities; repaid $52 million of debt • The Company confirms its full-year 2023 guidance of net sales of $1.95 billion to $2.00 billion, diluted EPS of $4.35 to $4.55, and adjusted diluted EPS* of $5.15 to $5.35 COLMAR, PA ( August 1, 2023 ) – Dorman Products, Inc.”

Dorman Products, Inc. shareholders approved Ratification of the appointment of KPMG LLP as independent registered public accounting firm for fiscal year 2023 at the 2023-05-18 meeting.

“The appointment of KPMG LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023 was ratified based upon the following votes: Votes in Favor Votes Against Votes Abstained 28,078,714 2,292,561 12,162”

Dorman Products, Inc. shareholders approved Advisory vote on the frequency of future advisory votes on named executive officer compensation at the 2023-05-18 meeting.

“The proposal on the frequency of future advisory votes on named executive officer compensation, as described in the proxy statement, received the following votes: One Year Two Years Three Years Votes Abstained Broker Non-Votes 28,296,675 1,560 1,195,179 12,439 877,584”

Dorman Products, Inc. shareholders approved Advisory approval of the compensation of the Company's named executive officers at the 2023-05-18 meeting.

“The compensation of the Company's named executive officers, as described in the proxy statement, was approved on an advisory basis based upon the following votes: Votes in Favor Votes Against Votes Abstained Broker Non-Votes 27,538,151 1,949,538 18,164 877,584”

Dorman Products, Inc. shareholders approved Election of eight directors to serve for a term of one year at the 2023-05-18 meeting.

“The following nominees were each elected to serve as director for a term of one year to expire at the next annual meeting of shareholders and until his or her successor has been elected and qualified or until his or her earlier death, resignation or removal based upon the following votes: Nominee Votes in Favor Votes Against Abstain Broker Non-Votes Steven L. Berman 28,992,915 501,458 11,480 877,584 Kevin M. Olsen 29,114,420 379,996 11,437 877,584 Lisa M. Bachmann 27,533,660 1,960,442 11,751 877,584 John J. Gavin 27,405,116 2,089,140 11,597 877,584 Richard T. Riley 27,287,539 2,206,623 11,691 877,584 Kelly A. Romano 27,536,649 1,957,317 11,887 877,584 G. Michael Stakias 25,457,850 4,036,260 11,743 877,584 J. Darrell Thomas 27,482,616 2,011,622 11,615 877,584”

Dorman Products, Inc. reported fiscal year 2023 results: revenue $1.95 billion to $2.00 billion, EPS $4.35 to $4.55 per diluted share. Guidance reaffirmed.

“The Company confirms its previous full-year 2023 guidance of net sales of $1.95 billion to $2.00 billion, diluted EPS of $4.35 to $4.55, and adjusted diluted EPS* of $5.15 to $5.35”

Dorman Products, Inc. reported the first fiscal quarter ended April 1, 2023 results: revenue $466.7 million, net income $5.7 million, EPS $0.18 per diluted share. Guidance reaffirmed.

“First Quarter Financial Results The Company reported first quarter 2023 net sales of $466.7 million, up 16% compared to net sales of $401.6 million in the first quarter of 2022. The sales results reflect the addition of SuperATV, successful new product launches and price increases to offset inflationary costs. Net sales growth excluding acquisitions was approximately 3.5% c ompared to the first quarter of 2022 a nd 23% to the first quarter of 2021. Gross profit was $144.5 million in the first quarter of 2023, or 31.0% o f net sales, compared to $133.2 million, or 33.2% of net sales, for the same quarter last year. Adjusted gross margin* wa s 32.4% in the first quarter of 2023 compared to 34.1% in the same quarter last year. The decline in gross margin as a percentage of net sales is primarily due to the sell-through of high-cost inventory purchased in 2022 that was impacted by inflationary costs, partially offset by the favorable impacts of pricing actions and the addition of SuperATV,”

Dorman Products, Inc. reported Fourth Quarter and Fiscal Year ended December 31, 2022 results: revenue net sales of $501.3 million for the quarter; fiscal 2022 net sales of $1,733.7 million, net income Net income for the fourth quarter of 2022 was $17.8 million; fiscal 2022 net income of $121.5 million, EPS diluted EPS of $0.57 for Q4; diluted EPS of $3.85 for fiscal 2022.

“Dorman Products, Inc. Reports Fourth Quarter and Fiscal 2022 Results and Issues 2023 Guidance”

Steven L. Berman was appointed as Non-Executive Chairman at Dorman Products, Inc..

“Steven L. Berman will step down from his role as Executive Chairman and be appointed to serve as Non-Executive Chairman of the Board effective April 1, 2023”

Michael B. Kealey resigned as Executive Vice President, Commercial at Dorman Products, Inc..

“On April 18, 2022, Michael B. Kealey notified Dorman Products, Inc. (the “Company”) of his intent to resign from his position as the Company’s Executive Vice President, Commercial, in order to pursue another opportunity. Mr. Kealey’s resignation will be effective as of May 6, 2022.”

J. Darrell Thomas was appointed as Director at Dorman Products, Inc..

“Effective October 30, 2021 (the “Effective Date”), the Board of Directors (the “Board”) of Dorman Products, Inc. (the “Company”) increased the size of the Board from eight to nine directors and appointed J. Darrell Thomas to fill the newly created directorship.”