CarParts.com, Inc. Announces 2024 Annual Meeting of Stockholders

TL;DR

<b>CarParts.com, Inc. is holding its 2024 Annual Meeting on May 23, 2024, to vote on director elections, corporate plans, auditor ratification, and executive compensation.</b>

AI Summary

CarParts.com, Inc. (PRTS) filed a Proxy Statement (DEF 14A) with the SEC on April 24, 2024. The 2024 Annual Meeting of Stockholders for CarParts.com, Inc. will be held on May 23, 2024. The meeting will take place at 9:00 a.m. Pacific Time at the company's offices in Torrance, California. Stockholders of record as of April 4, 2024, are eligible to vote. Key proposals include the election of three Class III directors: David Meniane, Warren "Barry" Phelps III, and Dr. Lisa Costa. Other proposals include ratification of the Tax Benefits Preservation Plan, appointment of RSM US LLP as auditors, and an advisory vote on executive compensation.

Why It Matters

For investors and stakeholders tracking CarParts.com, Inc., this filing contains several important signals. The election of directors and ratification of corporate plans directly impact the company's governance and strategic direction. The advisory vote on executive compensation allows shareholders to voice their opinions on the company's pay practices, potentially influencing future compensation structures.

Risk Assessment

Risk Level: low — CarParts.com, Inc. shows low risk based on this filing. The filing is a routine proxy statement (DEF 14A) and does not contain new financial performance data or significant strategic changes, indicating a low level of immediate market risk.

Analyst Insight

Stockholders should review the director nominees and executive compensation proposals to make informed voting decisions at the May 23, 2024 meeting.

Key Numbers

• 2024-05-23 — Annual Meeting Date (Date of the 2024 Annual Meeting of Stockholders)
• 09:00 — Meeting Time (Time of the 2024 Annual Meeting of Stockholders (Pacific Time))
• 2024-04-04 — Record Date (Date to determine eligibility to vote at the Annual Meeting)
• 3 — Director Nominees (Number of Class III directors to be elected)

Key Players & Entities

• CarParts.com, Inc. (company) — Registrant name
• David Meniane (person) — Director nominee
• Warren "Barry" Phelps III (person) — Director nominee
• Dr. Lisa Costa (person) — Director nominee
• RSM US LLP (company) — Independent registered public accounting firm
• U.S. Auto Parts Network, Inc. (company) — Former company name

FAQ

Industry Context

CarParts.com, Inc. operates in the automotive aftermarket retail sector, focusing on online sales of auto and home supply products.

Regulatory Implications

The filing is a Definitive Proxy Statement (DEF 14A) filed under the Securities Exchange Act of 1934, which governs the solicitation of proxies from shareholders.

What Investors Should Do

1. Review the backgrounds and qualifications of the director nominees (David Meniane, Warren "Barry" Phelps III, Dr. Lisa Costa).
2. Understand the details and implications of the Tax Benefits Preservation Plan ratification.
3. Evaluate the proposal for the advisory (non-binding) resolution on executive compensation ('Say-on-Pay').

Key Dates

• 2024-05-23: Annual Meeting of Stockholders — Shareholders will vote on director elections, corporate plans, auditor ratification, and executive compensation.
• 2024-04-04: Record Date — Establishes the list of shareholders eligible to vote at the Annual Meeting.

Year-Over-Year Comparison

This filing is a DEF 14A, a routine proxy statement, and does not represent a change from previous filings in terms of its nature or purpose.

Key Financial Figures

• $0.001 — holders of the common stock, par value $0.001 per share, of CarParts.com, Inc., a Del
• $1.3 billion — s CIO for USSOCOM – where she oversaw a $1.3 billion annual IT budget and network and cyber

Filing Documents

• ny20015116x2_def14a.htm (DEF 14A) — 1727KB
• logo_carpartsv2.jpg (GRAPHIC) — 36KB
• sig_davidmeniane.jpg (GRAPHIC) — 11KB
• sig_davidmenianex1.jpg (GRAPHIC) — 15KB
• ny20015116x2_date.jpg (GRAPHIC) — 8KB
• ny20015116x2_pc01.jpg (GRAPHIC) — 716KB
• ny20015116x2_pc02.jpg (GRAPHIC) — 537KB
• ny20015116x2_place.jpg (GRAPHIC) — 8KB
• ny20015116x2_pvp01.jpg (GRAPHIC) — 190KB
• ny20015116x2_pvp02.jpg (GRAPHIC) — 169KB
• ny20015116x2_pvp03.jpg (GRAPHIC) — 158KB
• ny20015116x2_record.jpg (GRAPHIC) — 8KB
• 0001140361-24-021758.txt (&nbsp;) — 7527KB
• prts-20240523.xsd (EX-101.SCH) — 6KB
• prts-20240523_def.xml (EX-101.DEF) — 7KB
• prts-20240523_lab.xml (EX-101.LAB) — 14KB
• prts-20240523_pre.xml (EX-101.PRE) — 10KB
• ny20015116x2_def14a_htm.xml (XML) — 313KB

Executive Compensation and Other Information

Executive Compensation and Other Information 38 55 Certain Relationships and Related Transactions 57 Proposal Four: Advisory Vote on Executive Compensation 58 Annual Report 60 Additional Information 60 Other Business 61 Appendix A: Supplemental Financial Information Non-GAAP Measures 62 Appendix B: Tax Benefits Preservation Plan 63 Appendix C: Amendment No. 1 to Tax Benefits Preservation Plan 103 TABLE OF CONTENTS CARPARTS.COM, INC. 2050 W. 190th Street, Suite 400, Torrance, California 90504 Proxy Statement These proxy materials and the enclosed proxy card or voting instruction form are being furnished to holders of the common stock, par value $0.001 per share, of CarParts.com, Inc., a Delaware corporation (the "Company"), in connection with the solicitation of proxies by the Board of Directors of the Company (the "Board of Directors" or the "Board") to be voted at the 2024 Annual Meeting of Stockholders of the Company to be held on May 23, 2024 (together with any postponements, adjournments or other delays thereof, the "Annual Meeting"). The Annual Meeting will be held at 9:00 a.m. Pacific Time at the offices of the Company located at 2050 W. 190 th Street, Suite 400, Torrance, California 90504. These proxy materials are expected to be mailed on or about May 2, 2024, to all stockholders entitled to vote at the Annual Meeting. Purpose of Meeting The specific proposals to be considered and acted upon at the Annual Meeting are summarized in the accompanying Notice of Annual Meeting of Stockholders (the "Notice") and are described in more detail in this proxy statement. Meeting Admission To attend the Annual Meeting, you will need to bring an admission ticket and photo identification. You will need to print an admission ticket in advance by visiting www.proxyvote.com and following the instructions there. You will need the 16-digit control number to access www.

View Full Filing

View this DEF 14A filing on SEC EDGAR