secwatch / observer

MOTORCAR PARTS OF AMERICA INC — fact timeline

Source-grounded facts extracted from MOTORCAR PARTS OF AMERICA INC's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

MPAA MOTORCAR PARTS OF AMERICA INC JSON
Earnings Releases

MOTORCAR PARTS OF AMERICA INC updated its the fiscal quarter and year ended March 31, 2026 guidance (initiated).

“Motorcar Parts of America, Inc. (the "Company") issued a press release announcing its earnings for the fiscal quarter and year ended March 31 , 2026”

Glenn Burlingame was appointed as Vice President, General Counsel and Secretary at MOTORCAR PARTS OF AMERICA INC.

“On June 10, 2025, the Board of Directors of the Company appointed Glenn Burlingame (age 64) to succeed Ms. Stone as Vice President, General Counsel and Secretary of the Company.”

Juliet Stone was appointed as Senior Vice President, Government Affairs and Special Projects at MOTORCAR PARTS OF AMERICA INC.

“On June 10, 2025, the Board of Directors of Motorcar Parts of America, Inc. (the “Company”) appointed Juliet Stone as Senior Vice President, Government Affairs and Special Projects.”
Earnings Releases

MOTORCAR PARTS OF AMERICA INC reported the fiscal quarter ended December 31, 2023 results: revenue $171.9 million, net income net loss for the fiscal 2024 third quarter was $47.2 million, or $2.40 per share, EPS $2.40 per share.

“a strong increase in net sales, operating income and cash flow from operating activities. Key highlights for the fiscal third quarter. • Net sales increased 13.2 percent to $171.9 million. • Gross margin improved by 3.7 percentage points. • Gross profit increased 43.1 percent to $30.0 million. • Operating income increased 170.1 percent to $9.5 million. • The”
Debt Financings

MOTORCAR PARTS OF AMERICA INC amended credit facility of not specified with PNC Bank, N.A. at 2.75% to 3.25% for Term SOFR loans, 1.75% to 2.25% for base rate loans maturing December 12, 2028.

“On December 12, 2023, Motorcar Parts of America, Inc. (the “Company”) amended its Amended and Restated Revolving Credit, Term Loan and Security Agreement (as amended to date, the “Loan Agreement”) by entering into the Eighth Amendment to Loan Agreement (the “Eighth Amendment”) with D & V Electronics Ltd., Dixie Electric Ltd., and Dixie Electric Inc., as the Canadian borrowers, PNC Bank, N.A., as agent, and the financial institutions party thereto.”
Material Agreements

MOTORCAR PARTS OF AMERICA INC amended Eighth Amendment to Loan Agreement with D & V Electronics Ltd., Dixie Electric Ltd., and Dixie Electric Inc., as the Canadian borrowers, PNC Bank, N.A., as agent, and the financial institutions party thereto valued at extended term to December 12, 2028; amended pricing grid with Applicable Margin ranging from 2.75% t (effective 2023-12-12).

“On December 12, 2023, Motorcar Parts of America, Inc. (the “Company”) amended its Amended and Restated Revolving Credit, Term Loan and Security Agreement (as amended to date, the “Loan Agreement”) by entering into the Eighth Amendment to Loan Agreement (the “Eighth Amendment”) with D & V Electronics Ltd., Dixie Electric Ltd., and Dixie Electric Inc., as the Canadian borrowers, PNC Bank, N.A., as agent, and the financial institutions party thereto.”
Earnings Releases

MOTORCAR PARTS OF AMERICA INC reported the fiscal 2024 six-month period ended September 30, 2023 results: revenue $356.3 million, net income $3.4 million, EPS $0.17 per share.

“Net sales for the fiscal 2024 six-month period increased 5.9 percent to a record $356.3 million from $336.5 million. Net loss for the fiscal 2024 six-month period improved to $3.4 million, or $0.17 per share, from a net loss of $6.7 million, or $0.35 per share, a year ago.”
Earnings Releases

MOTORCAR PARTS OF AMERICA INC reported the fiscal 2024 second quarter ended September 30, 2023 results: revenue $196.6 million, net income $2.0 million, EPS $0.10 per share.

“Net sales for the fiscal 2024 second quarter increased 14.0 percent to a record $196.6 million from $172.5 million in the prior year. Net loss for the fiscal 2024 second quarter improved to $2.0 million, or $0.10 per share, from a net loss of $6.5 million, or $0.34 per share, a year ago.”
Shareholder Votes

MOTORCAR PARTS OF AMERICA INC shareholders approved Frequency of Future Advisory Votes on Executive Compensation at the 2023-09-14 meeting.

“Proposal 4 – Frequency of Future Advisory Votes on Executive Compensation One Year Two Years Three Years Abstain 11,593,522 8,115 724,738 603,021”
Shareholder Votes

MOTORCAR PARTS OF AMERICA INC shareholders approved Advisory Vote on the Compensation of our Named Executive Officers at the 2023-09-14 meeting.

“Proposal 3 – Advisory Vote on the Compensation of our Named Executive Officers Shares For Shares Against Shares Abstaining Broker Non-Votes 10,2907,780 1,429,599 592,017 2,158,803”
Shareholder Votes

MOTORCAR PARTS OF AMERICA INC shareholders approved Ratification of Ernst & Young LLP as the Company's independent registered public accountants for the fiscal year ending March 31, 2024 at the 2023-09-14 meeting.

“Proposal 2 – Ratification of Ernst & Young LLP Shares For Shares Against Shares Abstaining 14,951,462 128,605 8,132”
Shareholder Votes

MOTORCAR PARTS OF AMERICA INC shareholders approved Election of Directors at the 2023-09-14 meeting.

“Proposal 1—Election of Directors Nominee Shares For Shares Against Shares Withheld Broker Non-Votes Selwyn Joffe 12,581,118 339,822 8,456 2,158,803 Rudolph Borneo 9,773,448 3,146,112 9,836 2,158,803 David Bryan 10,095,513 2,826,247 7,636 2,158,803 Joseph Ferguson 10,177,006 2,744,554 7,836 2,158,803 Philip Gay 9,873,795 3,047,965 7,636 2,158,803 Jeffrey Mirvis 10,037,676 2,873,874 17,846 2,158,803 Jamy Rankin 10,187,359 2,734,400 7,637 2,158,803 Douglas Trussler 12,648,203 274,736 6,457 2,158,803 Patricia (Tribby) Warfield 12,651,421 268,328 9,647 2,158,803 Barbara Whittaker 10,073,953 2,845,806 9,637 2,158,803”
Earnings Releases

MOTORCAR PARTS OF AMERICA INC reported fiscal 2024 first quarter ended June 30, 2023 results: revenue Net sales for the fiscal 2024 first quarter were $159.7 million, net income Net loss for the fiscal 2024 first quarter was $1.4 million, EPS $0.07 per share. Guidance reaffirmed.

“Net sales for the fiscal 2024 first quarter were $159.7 million compared with $164.0 million in the prior year – primarily reflecting timing of orders. The company noted that the fiscal second quarter is off to an excellent start based on record sales for a July month. Net loss for the fiscal 2024 first quarter was $1.4 million, or $0.07 per share, compared with a net loss of $175,000, or $0.01 per share, a year ago – impacted by sharply higher interest rates not yet fully absorbed by price increases and product mix.”
Earnings Releases

MOTORCAR PARTS OF AMERICA INC reported fiscal year ended March 31, 2023 results: revenue $683.1 million, net income $4.2 million, EPS $0.22 per share. Guidance initiated.

“improving margins and cash flow supported by multiple product line offerings,” Joffe said. Twelve-Month Results Net sales for fiscal 2023 increased 5.0 percent to a record $683.1 million from $650.3 million in the prior year. Prior-year net sales were positively impacted by $13.3 million in core revenue due to a realignment of inventory at customer distribution”
Earnings Releases

MOTORCAR PARTS OF AMERICA INC reported fiscal 2023 fourth quarter ended March 31, 2023 results: revenue $194.7 million, net income $1.5 million, EPS $0.07 per diluted share. Guidance initiated.

“rotating electrical and emerging brake-related products. Fiscal 2023 Fourth Quarter Results Net sales for the fiscal 2023 fourth quarter increased 18.8 percent to a record $194.7 million from $163.9 million in the prior year. Fiscal fourth quarter results benefited from increasing product demand for the spring and summer seasons and recently implemented price”
Debt Financings

MOTORCAR PARTS OF AMERICA INC incurred convertible notes of $32,000,000 in aggregate principal amount with Bison Capital Partners VI, L.P. and Bison Capital Partners VI-A, L.P. at 10.0% per annum maturing March 30, 2029.

“On March 31, 2023, Motorcar Parts of America, Inc. (the “Company”) entered into a note purchase agreement (the “Note Purchase Agreement”) with Bison Capital Partners VI, L.P. and Bison Capital Partners VI-A, L.P. (collectively, the “Purchasers”) and Bison Capital Partners VI, L.P., as the purchaser representative (the “Purchaser Representative”), relating to the issuance and sale by the Company to the Purchasers of $32,000,000 in aggregate principal amount of the Company’s 10% Convertible Notes due 2029 (the “Notes”).”
Material Agreements

MOTORCAR PARTS OF AMERICA INC entered into Note Purchase Agreement with Bison Capital Partners VI, L.P. and Bison Capital Partners VI-A, L.P. valued at $32,000,000 (effective 2023-03-31).

“On March 31, 2023, Motorcar Parts of America, Inc. (the “Company”) entered into a note purchase agreement (the “Note Purchase Agreement”) with Bison Capital Partners VI, L.P. and Bison Capital Partners VI-A, L.P. (collectively, the “Purchasers”) and Bison Capital Partners VI, L.P., as the purchaser representative (the “Purchaser Representative”), relating to the issuance and sale by the Company to the Purchasers of $32,000,000 in aggregate principal amount of the Company’s 10% Convertible Notes due 2029 (the “Notes”).”

Douglas Trussler was appointed as Director at MOTORCAR PARTS OF AMERICA INC.

“the Board appointed Douglas Trussler to the Board, effective immediately”
Earnings Releases

MOTORCAR PARTS OF AMERICA INC updated its fiscal 2023 guidance (lowered).

“MOTORCAR PARTS OF AMERICA REPORTS FISCAL THIRD QUARTER RESULTS - Revises Fiscal 2023 Guidance Despite Strong Fiscal Fourth Quarter Outlook”
Earnings Releases

MOTORCAR PARTS OF AMERICA INC reported fiscal 2023 second quarter ended September 30, 2022 results: revenue $172.5 million, net income Net loss for the fiscal 2023 second quarter was $6.5 million, or $0.34 per share, EPS $0.34 per share. Guidance reaffirmed.

“offset by customers delaying orders and supply chain disruptions for critical components. Fiscal 2023 Second Quarter Results Net sales for the fiscal 2023 second quarter were $172.5 million -- representing a 6.6 percent increase compared with $161.8 million in the prior year, which excludes $13.7 million of core revenue due to a realignment of inventory at customer”

Patricia Warfield was appointed as director at MOTORCAR PARTS OF AMERICA INC.

“the Board appointed Patricia Warfield ("Warfield") as a new director of the Board.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.