CarParts.com, Inc. 8-K

What Happened
CarParts.com, Inc. (PRTS) filed an 8-K on May 11, 2026 reporting Amendment No. 2 to its Tax Benefits Preservation Plan (originally dated April 5, 2024) with Computershare Trust Company, N.A. as rights agent. The amendment accelerated the Plan’s Final Expiration Date from April 5, 2027 to May 12, 2026. As a result, the rights under the Plan expired and ceased to be outstanding as of the close of business on May 12, 2026. The company also issued a press release announcing the expiration and termination of the Plan.

Key Details

• Amendment No. 2 executed May 11, 2026; effective close of business May 12, 2026.
• Final Expiration Date moved from April 5, 2027 to May 12, 2026.
• Rights issued under the Tax Benefits Preservation Plan have expired and are no longer outstanding.
• Press release announcing the termination was filed as Exhibit 99.1 to the 8‑K.

Why It Matters
The filing documents formal termination of a corporate plan designed to preserve tax attributes; the associated shareholder rights are no longer active. For investors, this is a material corporate governance change: it removes the specific rights and any protections or restrictions tied to that Plan. Investors who want full details or potential implications for corporate transactions should review Amendment No. 2 (Exhibit 10.1) and the company press release (Exhibit 99.1) filed with the 8‑K.