secwatch / observer

CarParts.com, Inc. — fact timeline

Source-grounded facts extracted from CarParts.com, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

PRTS CarParts.com, Inc. JSON
Debt Financings

CarParts.com, Inc. incurred revolving credit of up to $25,000,000 with First Business Specialty Finance, LLC at 1 Month Term SOFR published by CME Group Benchmarks Administration Limited plus maturing March 31, 2028.

“On June 15, 2026, CarParts.com, Inc. (the “Company”) entered into a Loan and Security Agreement (the “Credit Agreement”) with First Business Specialty Finance, LLC (“FBSF”) providing for an asset-based revolving credit facility in an aggregate maximum principal amount of up to $25,000,000 (the “Credit Facility”), secured by substantially all of the assets of the Company.”
Material Agreements

CarParts.com, Inc. terminated JPM Credit Facility with JPMorgan Chase Bank valued at no amounts outstanding (effective 2026-06-15).

“In connection with entering into the Credit Facility, the Company and JPMorgan Chase Bank terminated the Company’s revolving credit facility with JPMorgan Chase Bank (the “JPM Credit Facility”). At the time it was terminated, there were no amounts outstanding under the JPM Credit Facility.”
Material Agreements

CarParts.com, Inc. entered into Loan and Security Agreement with First Business Specialty Finance, LLC valued at up to $25,000,000 (effective 2026-06-15).

“On June 15, 2026, CarParts.com, Inc. (the “Company”) entered into a Loan and Security Agreement (the “Credit Agreement”) with First Business Specialty Finance, LLC (“FBSF”) providing for an asset-based revolving credit facility in an aggregate maximum principal amount of up to $25,000,000 (the “Credit Facility”), secured by substantially all of the assets of the Company.”

Tim Nauss was appointed as Class II director at CarParts.com, Inc..

“the Board of Directors (the “Board”) of CarParts.com, Inc. (the “Company”) increased the number of directors on the Board to seven and appointed Tim Nauss as a Class II director of the Company to fill the resulting vacancy, effective immediately”
Governance Changes

CarParts.com, Inc.: Filed Certificate of Amendment to effect a 1-for-10 reverse stock split of common stock (effective 2026-05-25).

“filed the Certificate of Amendment with the Secretary of State of the State of Delaware, which will be effective at 11:59 pm Eastern Time on May 25, 2026.”
Shareholder Votes

CarParts.com, Inc. shareholders approved Advisory Resolution Regarding the Compensation of the Company’s Named Executive Officers at the 2026-05-21 meeting.

“Proposal No. 5 - Advisory Resolution Regarding the Compensation of the Company’s Named Executive Officers The advisory (non-binding) vote regarding the compensation of the Company’s named executive officers was approved. The results of the advisory (non-binding) vote were as follows: For Against Abstaining Broker Non-Votes 23,808,892 1,169,225 595,777 21,342,122”
Shareholder Votes

CarParts.com, Inc. shareholders approved Approval of the Amendment of the Certificate of Incorporation to provide for a reverse stock split at the 2026-05-21 meeting.

“Proposal No. 4 - Approval of the Amendment of the Certificate of incorporation The stockholders voted to approve the amendment of the Company’s Certificate of Incorporation to provide for a reverse stock split of the common stock of the Company, that will be at a ratio of not less than one-for-5 (1:5) and not greater than one-for-20 (1:20) the final determination of which shall be determined by the Board of Directors (the “Board”), and to authorize the Board to effect the reverse stock split at their discretion. The results of the vote were as follows: For Against Abstaining 43,695,298 3,154,533 66,185”
Shareholder Votes

CarParts.com, Inc. shareholders approved Approval and Adoption of the 2026 CarParts.com Stock Incentive Plan at the 2026-05-21 meeting.

“Proposal No. 3 – Approval and Adoption of the 2026 CarParts.com Stock Incentive Plan The stockholders voted to approve the 2026 CarParts.com Stock Incentive Plan. The results of the vote were as follows: For Against Abstaining Broker Non-Votes 23,414,264 1,569,470 590,160 21,342,122”
Shareholder Votes

CarParts.com, Inc. shareholders approved Ratification of the Selection of Independent Auditors at the 2026-05-21 meeting.

“Proposal No. 2 - Ratification of the Selection of Independent Auditors The stockholders voted to ratify the selection of RSM US LLP as the Company’s independent registered public accounting firm for fiscal year 2026. The results of the vote were as follows: For Against Abstaining 45,401,427 580,087 934,502”
Shareholder Votes

CarParts.com, Inc. shareholders approved Election of Directors at the 2026-05-21 meeting.

“Proposal No. 1 - Election of Directors The stockholders elected one Class II director to serve a three-year term, until the Company’s 2029 Annual Meeting of Stockholders and until her successor is elected and qualified. The results of the vote were as follows: For Withheld Broker Non-Votes Nanxi Liu 14,185,563 11,388,331 21,342,122”

Nanxi Liu was elected as Director at CarParts.com, Inc..

“The Company’s stockholders approved the 2026 CarParts.com Stock Incentive Plan (the “2026 Stock Incentive Plan”) in order to, among other items, reserve 4,700,000 shares of the Company’s common stock for issuance under the 2026 Stock Incentive Plan.”
Earnings Releases

CarParts.com, Inc. reported first quarter ended April 4, 2026 results: revenue $132.0 million, net income ($1.9) million, EPS ($0.03) per share.

“results for the first quarter ended April 4, 2026. First Quarter 2026 Summary vs. Year-Ago Quarter ● Closed $8.0 million strategic investment. ● Net sales decreased 10% to $132.0 million. ● Gross profit of $42.9 million vs. $47.3 million, with gross margin of 32.5%. ● Net loss was ($1.9) million, or ($0.03) per share, compared to a net loss of ($15.3) million, or”
Equity Issuances

CarParts.com, Inc. issued 10,000,000 shares of common stock to certain investors for $0.80 per share.

“On March 21, 2026, CarParts.com, Inc. (the “Company”) entered into a Purchase Agreement (the “Purchase Agreement”) with certain investors (the “Purchasers”), pursuant to which the Company agreed to issue and sell to the Purchasers, in a private placement, an aggregate of 10,000,000 shares (the “Shares”) of the Company’s common stock, par value $0.001 per share (“Common Stock”), at a purchase price of $0.80 per share for gross proceeds of $8.0 million (the “Transaction”).”
Material Agreements

CarParts.com, Inc. amended Convertible Note Amendments with certain investors (the “Holders”) (effective 2026-03-24).

“On March 24, 2026, the Company entered into amendments (the “Convertible Note Amendments”) to certain convertible notes (the “Convertible Notes”) issued pursuant to a purchase agreement dated September 8, 2025 with certain investors (the “Holders")”
Material Agreements

CarParts.com, Inc. entered into Investor Rights Agreement with certain investors (effective 2026-03-21).

“the Company entered into an Investor Rights Agreement with the Purchasers providing customary resale registration rights and, while the Purchasers and their affiliates collectively maintain at least 10% beneficial ownership, the right to designate one member of the Company’s Board of Directors”
Material Agreements

CarParts.com, Inc. entered into Purchase Agreement with certain investors valued at gross proceeds of $8.0 million (effective 2026-03-21).

“On March 21, 2026, CarParts.com, Inc. (the “Company”) entered into a Purchase Agreement (the “Purchase Agreement”) with certain investors (the “Purchasers”), pursuant to which the Company agreed to issue and sell to the Purchasers, in a private placement, an aggregate of 10,000,000 shares (the “Shares”) of the Company’s common stock, par value $0.001 per share (“Common Stock”), at a purchase price of $0.80 per share for gross proceeds of $8.0 million”
Earnings Releases

CarParts.com, Inc. reported fourth quarter and fiscal year ended January 3, 2026 results: revenue Net sales decreased to $120.4 million for the fourth quarter; Net sales decreased 7% to $547.5 million for the fiscal ye, net income Net loss was ($11.6) million for the fourth quarter; Net loss was ($50.4) million for the fiscal year, EPS ($0.17) per share for the fourth quarter; ($0.82) per share for the fiscal year.

“2025 (53 weeks) Summary vs. Fiscal Year 2024 (52 weeks) ● Closed $35.7 million strategic investment from A-Premium, ZongTeng Group, and CDH Investments. ● Net sales decreased 7% to $547.5 million. ● Gross profit of $179.3 million vs. $196.7 million, with gross margin of 32.8%. ● Net loss was ($50.4) million, or ($0.82) per share, compared to a net loss”
Listing & Compliance Notices

CarParts.com, Inc. received a nasdaq extension granted notice regarding minimum bid price.

“December 15, 2025, the Nasdaq Listing Qualifications department approved the Company’s request to transfer the listing of the Company’s shares of common stock from The Nasdaq Global Select Market to The Nasdaq Capital Market. The transfer will take effect at the opening of business on December 16, 2025. The transfer of the Company’s listing to The Nasdaq Capital Market is not expected to have any immediate effect on trading in shares of the Company’s common stock. The Company’s shares will continue to trade uninterruptedly under the symbol “PRTS.” The Nasdaq Capital Market operates in substa”
Equity Issuances

CarParts.com, Inc. issued convertible note to Axislink Holding B.V. and Lovely Peach Limited for an aggregate principal amount of $25,000,000.

“at the Closing, the Company issued Convertible Notes to Axislink and Lovely Peach in an aggregate principal amount of $25,000,000.”
Equity Issuances

CarParts.com, Inc. issued an aggregate of 10,319,727 shares of common stock of common stock to International Auto Parts (Cayman) Limited, Axislink Holding B.V., and Lovely Peach Limited for $1.04 per share, which represents an aggregate purchase price of $10,732,516.08.

“of an aggregate of 10,319,727 shares of common stock, par value $0.001 per share, of the Company (the “Company Common Stock” and the shares to be purchased, the “Shares”) for $1.04 per share, which represents an aggregate purchase price of $10,732,516.08; and (ii) to certain of the Purchasers, of convertible notes in an aggregate principal amount of”
Debt Financings

CarParts.com, Inc. incurred convertible notes of aggregate principal amount of $25,000,000 with Axislink and Lovely Peach at 2% per annum maturing September 10, 2028.

“the Company issued Convertible Notes to Axislink and Lovely Peach in an aggregate principal amount of $25,000,000. The Convertible Notes will accrue interest at a rate of 2% per annum, payable in kind, and mature on September 10, 2028”
Listing & Compliance Notices

CarParts.com, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1)).

“June 13, 2025, CarParts.com, Inc. (the “Company”), received a letter from the Listing Qualifications Department of The NASDAQ Stock Market, LLC (“Nasdaq”) notifying the Company that the Company was not in compliance with Nasdaq Listing Rule 5450(a)(1) (the “Bid Price Rule”), as the minimum bid price for the Company’s listed securities was less than $1 for the previous 30 consecutive business days. The Company has a period of 180 calendar days, or until December 10, 2025 (the “Compliance Date”), to regain compliance with the Bid Price Rule. To regain compliance, the bid price of the Company’s c”
Earnings Releases

CarParts.com, Inc. reported the first quarter ended March 30, 2024 results: revenue Net sales decreased to $166.3 million, net income Net loss was ($6.5) million, EPS ($0.11) per share. Guidance lowered.

“vehicle repair and maintenance needs, is reporting results for the first quarter ended March 30, 2024. First Quarter 2024 Summary vs. Year-Ago Quarter ● Net sales decreased to $166.3 million, down 5% from the year-ago quarter. ● Gross profit of $53.9 million vs. $62.6 million, with gross margin of 32.4%. ● Net loss was ($6.5) million, or ($0.11) per share, compared”
Material Agreements

CarParts.com, Inc. amended Amendment No. 1 to the Tax Benefits Preservation Plan with Computershare Trust Company, N.A. (effective 2024-04-24).

“On April 24, 2024, CarParts.com, Inc. (the “Company”) entered into Amendment No. 1 to the Tax Benefits Preservation Plan (the “Amendment”).”
Governance Changes

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.

“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.”
Material Agreements

CarParts.com, Inc. entered into Tax Benefits Preservation Plan with Computershare Trust Company, N.A. (effective 2024-04-05).

“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”).”
Earnings Releases

CarParts.com, Inc. updated its fourth quarter and fiscal year ended December 30, 2023 guidance (reaffirmed).

“On March 7, 2024, CarParts.com, Inc. (the “ Company ” ) issued a press release announcing its financial results for the fourth quarter and fiscal year ended December 30, 2023.”
Earnings Releases

CarParts.com, Inc. reported the third quarter ended September 30, 2023 results: revenue $166.9 million, net income ($2.5) million.

“incorporation language contained in such filing. ​ --- EX-99.1 (EX-99.1) --- ​ ​ CarParts.com Reports Highest Third Quarter Sales in Company History 3rd Quarter Sales of $167 million, up 1% Year over Year 15th Consecutive Quarter of Year over Year Sales Growth ​ TORRANCE, Calif. – October 30 th , 2023 – CarParts.com, Inc. (NASDAQ: PRTS), one of the leading”
Earnings Releases

CarParts.com, Inc. reported second quarter ended July 1, 2023 results: revenue $177.0 million, net income ($0.7) million.

“general incorporation language contained in such filing. ​ --- EX-99.1 (EX-99.1) --- ​ ​ CarParts.com Reports Highest Quarterly Sales in Company History 2nd Quarter Sales of $177 million, up Slightly Year over Year 14th Consecutive Quarter of Year over Year Sales Growth ​ TORRANCE, Calif. – August 1 st , 2023 – CarParts.com, Inc. (NASDAQ: PRTS), one of the”

Houman Akhavan departed as Chief Marketing Officer at CarParts.com, Inc..

“Houman Akhavan will no longer serve as the Chief Marketing Officer of the Company and will depart the Company effective July 10, 2023”
Earnings Releases

CarParts.com, Inc. reported first quarter ended April 1, 2023 results: revenue $175.5 million, net income $1.1 million, EPS $0.02 per diluted share.

“and maintenance needs, is reporting results for the first quarter ended April 1, 2023. First Quarter 2023 Summary vs. Year-Ago Quarter ● Net sales increased 6% year over year to $175.5 million and increased 20% on a two-year stack. ● Gross profit increased 2% to $62.6 million, with gross margin of 35.6%. ● Net income w as $1.1 million or $0.02 per diluted share,”
Earnings Releases

CarParts.com, Inc. reported FY 2022 results: EPS ($0.02) per diluted share.

“Net sales increased 14% year over year to a record $661.6 million and increased 45% on a two-year stack.”
Earnings Releases

CarParts.com, Inc. reported Q4 2022 results: revenue $154.5 million, net income ($6.2) million, EPS ($0.11) per diluted share.

“Net sales increased 12% year over year to $154.5 million and increased 27% on a two-year stack.”
Governance Changes

CarParts.com, Inc.: The board amended and restated the bylaws, revising advance notice procedures for stockholder nominations and proposals, updating stockholder meeting provisions, written consent mechanics, board operations, and making ministerial changes, effective immediately on February 6, 2023 (effective 2023-02-06).

“On February 6, 2023, the board of directors (the “Board”) of CarParts.com, Inc. (the “Company”) amended and restated the Company’s bylaws (as so amended and restated, the “Amended and Restated Bylaws”), effective immediately.”

Michael Huffaker was appointed as Chief Operating Officer at CarParts.com, Inc..

“appointed Michael Huffaker as Chief Operating Officer of the Company, effective December 5, 2022”
Earnings Releases

CarParts.com, Inc. reported third quarter ended October 1, 2022 results: revenue $164.8 million, net income ($0.9) million, EPS ($0.02) per diluted share.

“maintenance needs, is reporting results for the third quarter ended October 1, 2022. Third Quarter 2022 Summary vs. Year-Ago Quarter ● Net sales increased 16% year over year to $164.8 million and increased 37% on a two-year stack. ● Gross profit increased 19% to $56.1 million, with gross margin increasing 70 basis points to 34.1%. ● Net loss w as ($0.9) million or”

Sanjiv Gomes was appointed as Chief Information Officer at CarParts.com, Inc..

“The Amendment provides that, effective April 18, 2022, Mr. Gomes will cease to serve as Chief Technology Officer and will now serve as the Company’s Chief Information Officer.”

David Meniane was appointed as Chief Executive Officer and Class III Director at CarParts.com, Inc..

“On March 13, 2022, in connection with Mr. Peker’s resignation, the Board of Directors (the “Board”) of the Company appointed David Meniane, who currently serves as the Company’s Chief Financial Officer and Chief Operating Officer, to serve as the Company’s Chief Executive Officer and as a Class III director, effective April 18, 2022.”

Lev Peker resigned as Chief Executive Officer and Director at CarParts.com, Inc..

“On March 12, 2022, Lev Peker provided notice to CarParts.com, Inc. (“we” or the “Company”) of his resignation as Chief Executive Officer and a director of the Company, effective end-of-day April 15, 2022.”

Ana Dutra was appointed as Class I Director at CarParts.com, Inc..

“On January 10, 2022, the Board of Directors (the “Board”) of CarParts.com, Inc. (the “Company”) increased the number of directors on the Board to eight and appointed Ana Dutra as a Class I director of the Company to fill the resulting vacancy, effective immediately, to serve until the 2022 Annual Meeting of Stockholders”

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.