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AI brief of an SEC Form 8-K · MOTORCAR PARTS OF AMERICA INC (MPAA)

Motorcar Parts extends CEO Selwyn Joffe's employment term to July 1, 2029

Neutral Impact 3 of 5 leadership Written later

Motorcar Parts of America amended the employment agreement with Chairman, President and CEO Selwyn Joffe on June 26, 2026, extending the term from July 1, 2027 to July 1, 2029. The Board also approved salary increases for Mr. Joffe, which matter to shareholders as a continuing compensation cost and as a signal of leadership continuity.

Key points

  • Term extended from July 1, 2027 to July 1, 2029; all other terms unchanged
  • Annual salary raised from $828,256 to $902,799, effective June 26, 2026
  • Further salary increase to $984,050 per annum, effective April 1, 2027

The filing

CompanyMOTORCAR PARTS OF AMERICA INC (MPAA)
Form8-K, current report
Filed with the SECJul 2, 2026, 1:41 PM ET
Accession number0001140361-26-027388

Items reported: 1.01 Material Definitive Agreement

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:28 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 02, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.