Motorcar Parts of America, Inc. (NASDAQ:MPAA) Files An 8-K Other Events
Item 8.01.
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Other Events.
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announced that its board of directors approved an increase to the
Companys share repurchase program authorizing the repurchase of
up to $15,000,000 of the Companys common stock. A copy of the
press release is attached hereto as Exhibit 99.1.
| Item 9.01 |
Financial Statements and Exhibits.
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Exhibit
No.
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Description
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99.1
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Press Release dated March 27, 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 +0.51 at 30.50 with 190,304 shares trading hands.