10.	Subsequent Event.

On July 8, 2015, the Company entered into an agreement and plan of merger with LKQ Corporation (“LKQ”), its wholly-owned subsidiary, Keystone Automotive Operations, Inc., (“Keystone”) and KAO Acquisition Sub, Inc., a wholly-owned subsidiary of Keystone (“KAO”).

Pursuant to the merger agreement, Keystone has commenced a cash tender offer to purchase all of the issued and outstanding shares of Coast’s common stock at a purchase price of $5.50 per share, net to the seller in cash, without interest and less any required withholding taxes (the “Offer”). Unless extended, the Offer is currently scheduled to expire at 12:00 midnight, New York time, at the end of the day on August 18, 2015. If completed, the Offer will be followed by the merger of KAO with and into Coast, with Coast as the surviving corporation. In the merger, all shares of common stock that were not purchased in the Offer, other than any shares that may be owned by Coast, LKQ, Keystone or KAO, and any shares for which appraisal rights are perfected under Delaware law, will be converted into the right toreceive the same $5.50 per share in cash, without interest and less any required withholding taxes.

In-the-money options to purchase shares of Coast common stock outstanding immediately prior to the effectiveness of the merger will, on consummation of the merger, be cancelled in exchange for a cash payment to each option holder equal to the difference between $5.50 per share and the per share exercise price of the options (the “spread”), without interest and net of any applicable withholding taxes. Each unvested restricted share outstanding immediately prior to the effectiveness of the merger will, on consummation of the merger, become vested and will be cancelled in exchange for a cash payment of $5.50 per share, without interest and net of any applicable withholding taxes.

Consummation of the tender offer and consummation of the merger are subject to customary conditions, including the acceptance of LKQ’s Offer by the holders of at least 51% of Coast’s outstanding shares.