Form 8-K
8-K — MOTORCAR PARTS OF AMERICA INC
Accession: 0001140361-26-027388
Filed: 2026-07-02
Period: 2026-06-26
CIK: 0000918251
SIC: 3714 (MOTOR VEHICLE PARTS & ACCESSORIES)
Item: Entry into a Material Definitive Agreement
Item: Financial Statements and Exhibits
Documents
8-K — ef20076958_8k.htm (Primary)
EX-10.4 — EXHIBIT 10.4 (ef20076958_ex10-4.htm)
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8-K
8-K (Primary)
Filename: ef20076958_8k.htm · Sequence: 1
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
June 26, 2026
MOTORCAR PARTS OF AMERICA, INC.
(Exact name of registrant as specified in its charter)
New York
001-33861
11-2153962
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
2929 California Street, Torrance, CA
90503
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code
(310) 212-7910
(Former name or former address, if changed since last report.)
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 (see General Instruction A.2. below):
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, $0.01 par value per share
MPAA
The Nasdaq Global Select Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
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. ☐
Item 1.01
Entry into a Material Definitive Agreement.
CEO Employment Agreement
On June 26, 2026, Motorcar Parts of America, Inc. (the “Company”) and Selwyn Joffe, the Chairman, President and Chief Executive Officer of the Company, entered into
Amendment No. 7 (the “Amendment”) to the Employment Agreement, dated as of May 18, 2012, and subsequently amended (as amended, the “Employment Agreement”). The Company’s Human Resources and Compensation Committee and Board of Directors of the
Company approved the Amendment.
The Amendment extends the Term of the Employment Agreement from July 1, 2027 to July 1, 2029. All other terms of the Employment Agreement remain the same.
In connection with the Amendment, the Board, in accordance with the Employment Agreement, also reviewed Mr. Joffe’s salary and approved an increase in his salary
pursuant to Amendment No. 5 to the Employment Agreement of $828,256 per annum to $902,799 per annum, effective June 26, 2026, and from $902,799 per annum to $984,050, effective April 1, 2027.
Item 9.01
Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number
Description
10.4
Amendment No. 7 to Employment Agreement, dated June 26, 2026, between Motorcar Parts of America, Inc. and Selwyn Joffe
104
Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
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.
MOTORCAR PARTS OF AMERICA, INC.
Date: July 2, 2026
By:
/s/ Glenn Burlingame
Glenn Burlingame, VP General Counsel and Secretary
EX-10.4 — EXHIBIT 10.4
EX-10.4
Filename: ef20076958_ex10-4.htm · Sequence: 2
Exhibit 10.4
AMENDMENT NO. 7 TO EMPLOYMENTAGREEMENT
THIS AMENDMENT NO. 7 dated as of June 26, 2026 (this
"AMENDMENT NO. 7"), to the Employment Agreement, dated as of May 18, 2012 and subsequently amended (as amended, the "EMPLOYMENT AGREEMENT"), by and between Motorcar Parts of America, Inc. ("COMPANY") and Selwyn Joffe, an individual ("EXECUTIVE").
Capitalized terms used but not defined herein shall have the meanings ascribed to them in the EMPLOYMENT AGREEMENT.
RECITALS
WHEREAS, the parties wish to amend the EMPLOYMENT AGREEMENT
to extend the TERM;
NOW, THEREFORE, in consideration of the promises contained
herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
1.
Paragraph 2 of the EMPLOYMENT AGREEMENT is hereby deleted in its entirety and replaced with the following:
TERM. EXECUTIVE'S term of employment under this AGREEMENT shall commence on February 5, 2019 and shall continue for a period through and including
July 1, 2029 (the 'EMPLOYMENT TERM'), unless extended in writing by both parties or earlier terminated pursuant to the terms and conditions set forth herein.
2.
Except as amended by this AMENDMENT NO. 7, the EMPLOYMENT AGREEMENT shall remain in full force and effect.
3.
This AMENDMENT NO. 7 may be executed by facsimile signature or PDF, in two or more counterparts, each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
IN WITNESS WHEREOF, the undersigned have executed this AMENDMENT NO. 7 as of
date first above written.
THE COMPANY:
MOTORCAR PARTS OF AMERICA, INC.
By:
/s/ Jeffrey Mirvis
Name: Jeffrey Mirvis
Title: Chair, Compensation Committee
EXECUTIVE:
/s/ Selwyn Joffe
Selwyn Joffe
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Jun. 26, 2026
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Entity File Number
001-33861
Entity Registrant Name
MOTORCAR PARTS OF AMERICA, INC
Entity Central Index Key
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Entity Incorporation, State or Country Code
NY
Entity Tax Identification Number
11-2153962
Entity Address, Address Line One
2929 California Street
Entity Address, City or Town
Torrance
Entity Address, State or Province
CA
Entity Address, Postal Zip Code
90503
City Area Code
310
Local Phone Number
212-7910
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Common Stock, $0.01 par value per share
Trading Symbol
MPAA
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NASDAQ
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