Motorcar Parts of America, Inc. (NASDAQ:MPAA) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02.
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Departures of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Company) reassigned the responsibilities of the position of Chief
Operating Officer to two newly created positions: Senior Vice
President for the Under-the-car Product Lines and Senior Vice
President for the Under-the-hood Product Lines.
Operating Officer, was appointed to the newly created position of
Vice President, New Technologies.
Manufacturing Officer, will continue as Chief Manufacturing
Officer while also serving as Senior Vice President for the
Under-the-car Product Lines. Doug Schooner has been our Chief
Manufacturing Officer since June 2014 and served as our Vice
President, Manufacturing from January 2001 to June 2014. He
joined the Company in June 1993. Mr. Schooner is 47 years old.
Mr. Schooner earned his Bachelor of Science degree in Mechanical
Engineering from California State University, Long Beach.
President of Supply Chain, will serve as Senior Vice President
for the Under-the-hood Product Lines. Mr. Cain has been our
Senior Vice President of Supply Chain since June 2014 and served
as our Vice President, Research and Development from September
2007 to June 2014. He joined the company in February of 2005. Mr.
Cain is 50 years old. Mr. Cain was previously employed by Orange
County Alternator for 17 years, most recently as its Senior Vice
President, Operations.
| Item 8.01. |
Other Events.
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the reassignment of the Chief Operating Officer position. A copy
of the press release is furnished as Exhibit 99.1 to this Form
8-K and is incorporated herein by reference.
including Exhibit 99.1 attached hereto, shall not be deemed filed
for purposes of Section 18 of the Securities Exchange Act of 1934
(the Exchange Act) or otherwise subject to the liabilities of
that section, nor shall it be deemed incorporated by reference
into any other filing under the Securities Act of 1933 or the
Exchange Act, except as expressly set forth by specific reference
in such filing.
| Item 9.01. |
Financial Statements and Exhibits.
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Form 8-K.
| Number |
Exhibit
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| 99.1 |
Press Release dated May 10, 2017
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About Motorcar Parts of America, Inc. (NASDAQ:MPAA)
Motorcar Parts of America, Inc. is a manufacturer, remanufacturer and distributor of automotive aftermarket parts, including alternators, starters, wheel hub assembly, brake master cylinders, brake power boosters and turbochargers utilized in imported and domestic passenger vehicles, light trucks and heavy-duty applications. The Company sells its products in North America to auto parts retail and traditional warehouse chains and to automobile manufacturers for both their aftermarket programs and their warranty replacement programs (OES). It recycles materials, including metal from the used cores and corrugated packaging. The Company carries over 13,000 stock keeping units (SKUs) for automotive parts that are sold under its customers’ recognized private label brand names and its Quality-Built, Pure Energy, Xtreme, Reliance and other brand names. It sells its products to automotive retail outlets and the professional repair market throughout the United States and Canada. Motorcar Parts of America, Inc. (NASDAQ:MPAA) Recent Trading Information
Motorcar Parts of America, Inc. (NASDAQ:MPAA) closed its last trading session up +0.02 at 31.21 with 82,030 shares trading hands.
