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

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

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Item 5.02.

Departures of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
Effective May 10, 2017, Motorcar Parts of America, Inc. (the
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.
Steve Kratz, who most recently served as the Companys Chief
Operating Officer, was appointed to the newly created position of
Vice President, New Technologies.
Doug Schooner, who most recently served as the Companys Chief
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.
Bryan Cain, who most recently served as the Companys Senior Vice
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.
On May 10, 2017, the Company issued a press release announcing
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.
The information furnished to Item 8.01 on this Form 8-K,
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.
(d) Exhibits.
The following are filed as exhibits to this Current Report on
Form 8-K.
Number
Exhibit
99.1
Press Release dated May 10, 2017


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.

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