Motorcar Parts of America Reports 2026 Annual Meeting Vote Results
$MPAA · MOTORCAR PARTS OF AMERICA INCResearch Summary
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Motorcar Parts of America Reports 2026 Annual Meeting Vote Results
What Happened
Motorcar Parts of America, Inc. (MPAA) filed an 8-K on September 16, 2026 reporting the results of its Annual Meeting held September 10, 2026. All director nominees were elected; shareholders ratified Ernst & Young LLP as auditor, approved the non‑binding advisory vote on executive compensation ("say‑on‑pay"), and approved the Second Amendment to the Motorcar Parts of America, Inc. 2022 Incentive Award Plan. The company also filed the Second Amendment as Exhibit 10.1.
Key Details
- Directors elected (votes For / Against / Withheld; broker non‑votes: 1,719,922 for each director):
- Selwyn Joffe: 15,137,092 / 230,299 / 21,212
- Dr. David Bryan: 15,094,354 / 273,026 / 21,223
- Joseph Ferguson: 15,294,580 / 72,810 / 21,213
- Philip Gay: 14,884,499 / 482,892 / 21,212
- Jeffrey Mirvis: 14,863,251 / 504,057 / 21,295
- Anil Shrivastava: 15,295,202 / 68,306 / 25,095
- Douglas Trussler: 15,165,285 / 219,596 / 3,722
- Barbara Whittaker: 14,786,738 / 580,643 / 21,222
- Auditor ratification: Ernst & Young LLP ratified (17,088,251 For; 15,841 Against; 4,433 Abstaining).
- Say‑on‑pay (non‑binding): Approved (14,007,292 For; 938,440 Against; 442,871 Abstaining; broker non‑votes: 1,719,922).
- 2022 Incentive Award Plan — Second Amendment: Approved (9,677,452 For; 5,690,301 Against; 20,850 Abstaining; broker non‑votes: 1,719,922). Exhibit 10.1 contains the amendment.
Why It Matters
Shareholder approval of the plan amendment and say‑on‑pay signals investor support for the company’s executive compensation and equity incentive program as presented at the meeting. The plan amendment (filed as an exhibit) may affect future equity grants and potential dilution; investors should review Exhibit 10.1 for exact changes. The auditor ratification is routine but confirms continuity in financial reporting oversight. The presence of 1,719,922 broker non‑votes on several proposals indicates a block of shares held by brokers that were not voted on those matters.