<SEC-DOCUMENT>0001140361-20-007712.txt : 20200401
<SEC-HEADER>0001140361-20-007712.hdr.sgml : 20200401
<ACCEPTANCE-DATETIME>20200401171004
ACCESSION NUMBER:		0001140361-20-007712
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20200330
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
FILED AS OF DATE:		20200401
DATE AS OF CHANGE:		20200401

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MOTORCAR PARTS AMERICA INC
		CENTRAL INDEX KEY:			0000918251
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTOR VEHICLE PARTS & ACCESSORIES [3714]
		IRS NUMBER:				112153962
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33861
		FILM NUMBER:		20766205

	BUSINESS ADDRESS:	
		STREET 1:		2929 CALIFORNIA STREET
		CITY:			TORRANCE
		STATE:			CA
		ZIP:			90503
		BUSINESS PHONE:		3109724015

	MAIL ADDRESS:	
		STREET 1:		2929 CALIFORNIA STREET
		CITY:			TORRANCE
		STATE:			CA
		ZIP:			90503

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MOTORCAR PARTS  AMERICA INC
		DATE OF NAME CHANGE:	20040112

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MOTORCAR PARTS & ACCESSORIES INC
		DATE OF NAME CHANGE:	19940128
</SEC-HEADER>
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<TYPE>8-K
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<TEXT>
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    <div style="text-align: center; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
    <div style="text-align: justify;"><br>
    </div>
    <div style="text-align: center; font-size: 18pt; font-weight: bold;">Form 8-K</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">CURRENT REPORT</div>
    <div><br>
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    <div style="text-align: center; font-weight: bold;">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</div>
    <div><br>
    </div>
    <div style="text-align: center;">Date of Report (Date of earliest event reported): March 30, 2020</div>
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    <div style="text-align: center; font-size: 24pt; font-weight: bold;">Motorcar Parts of America, Inc.</div>
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    <div style="text-align: center;">(Exact name of registrant as specified in its charter)</div>
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              <div style="text-align: center;"><u>New York</u></div>
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              <div style="text-align: center;"><u>001-33861</u></div>
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              <div style="text-align: center;"><u>11-2153962</u></div>
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              <div style="text-align: center;">(State or other jurisdiction of incorporation)</div>
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              <div style="text-align: center;">(Commission File Number)</div>
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              <div style="text-align: center;">(IRS Employer Identification No.)</div>
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              <div style="text-align: center;"><u>2929 California Street, Torrance CA</u></div>
            </td>
            <td style="width: 2%; vertical-align: top; background-color: rgb(255, 255, 255);">
              <div>&#160;</div>
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              <div style="text-align: center;"><u>90503</u></div>
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              <div style="text-align: center;">(Address of principal executive offices)</div>
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              <div>&#160;</div>
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              <div style="text-align: center;">(Zip Code)</div>
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    <div><br>
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    <div style="text-align: center;">Registrant&#8217;s telephone number, including area code: <u>(310) 212-7910</u></div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;"><u>N/A</u></div>
    <div style="text-align: center;">(Former name or former address, if changed since last report)</div>
    <div><br>
    </div>
    <div style="text-indent: 18pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</div>
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              <td style="width: 27pt; vertical-align: top;">&#9744;</td>
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                <div>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
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              <td style="width: 27pt; vertical-align: top;">&#9744;</td>
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                <div>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
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              <td style="width: 27pt; vertical-align: top;">&#9744;</td>
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                <div>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
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              <td style="width: 27pt; vertical-align: top;">&#9744;</td>
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                <div>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
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    <div><br>
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    <div style="text-align: justify;">Securities registered pursuant to Section 12(b) of the Act:</div>
    <div>&#160;</div>
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            <div style="text-align: center; color: rgb(35, 31, 32);">Title of each class</div>
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            <div style="text-align: center; color: rgb(35, 31, 32);">Trading</div>
            <div style="text-align: center; color: rgb(35, 31, 32);">Symbol(s)</div>
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            <div style="text-align: center; color: rgb(35, 31, 32);">Name of each exchange on which registered</div>
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            <div style="text-align: center;">Common Stock, par value $0.01 per share</div>
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            <div style="text-align: center;">MPAA</div>
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            <div style="text-align: center;">The Nasdaq Global Select Market</div>
          </td>
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    <div>Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR <font style="color: #000000;">&#167;</font>230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR <font style="color: #000000;">&#167;</font>240.12b-2).</div>
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      <div><br>
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      <div>Emerging growth company &#9744;</div>
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      <div>If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
        Act. &#9744;</div>
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              <td style="width: 57pt; vertical-align: top; color: rgb(0, 0, 0); font-weight: bold;">Item 5.02.</td>
              <td style="width: auto; vertical-align: top;">
                <div style="color: #000000; font-weight: bold;">Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements for Certain Executive Officers.</div>
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    <div style="text-align: justify; text-indent: 36pt;">As part of Motorcar Parts of America&#8217;s (&#8220;MPA&#8221;) commitment to strong corporate governance and transparent compensation metrics, after several months of discussion, MPA entered into the Third Amendment
      to the CEO Employment Agreement (&#8220;Amendment&#8221;) on March 30, 2020, with Selwyn Joffe, Chairman, CEO and President.</div>
    <div>&#160;</div>
    <div style="text-indent: 36pt;">Under the Amendment, Mr. Joffe agreed to not receive an annual restricted stock award with respect to the Company&#8217;s fiscal year ending March 31, 2020, and instead increased his potential annual restricted stock award for
      the next three fiscal years (ending March 31, 2021, March 31, 2022 and March 31, 2023), from 75,000 to 100,000 shares.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">In addition, the Amendment slightly changed the timing of each fiscal year&#8217;s Performance Cycle to be on or as soon as practicable after the first date of the fiscal year, rather than prior to the
      start of each fiscal year.&#160; Finally, the Amendment changes the raw number of Restricted Stock that will be granted pursuant to Section 9(d) of the Employment Agreement, for each Performance Cycle commencing during the remainder of the Employment Term
      from 50,000 to 66,667, to maintain the same percentage of the potential grant at two-thirds.</div>
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    <div style="text-align: center; font-weight: bold;">SIGNATURES</div>
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    <div style="text-indent: 27pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</div>
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          <td style="width: 50%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
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            <div>MOTORCAR PARTS OF AMERICA, INC.</div>
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          <td style="width: 50%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
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            <div>Date: April 1, 2020</div>
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          <td style="width: 40%; vertical-align: top; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>/s/ Juliet Stone</div>
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          <td style="width: 10%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
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          <td style="width: 50%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
          <td colspan="2" style="vertical-align: top; background-color: rgb(255, 255, 255);">
            <div>Juliet Stone</div>
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          <td style="width: 50%; vertical-align: top; background-color: rgb(255, 255, 255);">&#160;</td>
          <td colspan="2" style="vertical-align: top; background-color: rgb(255, 255, 255);">
            <div>Vice President and General Counsel</div>
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