Motorcar Parts of America Inc 2024年度报告

Form10-K ☑ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year endedMarch 31,2025 OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period fromto Commission File No.001-33861 MOTORCAR PARTS OF AMERICA, INC. (Exact name of registrant as specified in its charter) 2929 California Street,Torrance,California90503(Address of principal executive offices)Zip Code Registrant’s telephone number, including area code:(310)212-7910Securities registered pursuant to Section 12(b) of the Act: Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☐No☑ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐No☑ Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 duringthe preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements forthe past 90 days.Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” “emerging growth company” in Rule 12b-2 ofthe Exchange Act. (Check one): Large accelerated filer☐Non-accelerated filer☐ Accelerated filer☑Smaller reporting company☐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 orrevised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control overfinancial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its auditreport.☑ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filingreflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by anyof the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐No☑ As of September 30, 2024, which was the last business day of the registrant’s most recently completed fiscal second quarter, the aggregate market value of theregistrant’s common stock held by non-affiliates of the registrant was approximately $138,430,000based on the closing sale price as reported on the NASDAQGlobal Select Market. There were19,435,706shares of common stock outstanding as of June 2, 2025. DOCUMENTS INCORPORATED BY REFERENCE: In accordance with General Instruction G (3) of Form 10-K, the information required by Part III hereof will either be incorporated into this Form 10-K byreference to the registrant’s Definitive Proxy Statement for the registrant’s next Annual Meeting of Stockholders filed within 120 days of March 31, 2025 or willbe included in an amendment to this Form 10-K filed within 120 days of March 31, 2025. TABLE OF CONTENTS PART I Item 1. Business5Item 1A. Risk Factors12Item 1B. Unresolved Staff Comments23Item 1C. Cybersecurity23Item 2. Properties24Item 3. Legal Proceedings25Item 4. Mine Safety Disclosures25 Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities26Item 6. Selected Financial Data28Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations29Item 7A. Quantitative and Qualitative Disclosures About Market Risk47Item 8. Financial Statements and Supplementary Data48Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure48Item 9A. Controls and Procedures48Item 9B. Other Information49Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections49 Item 10. Directors, Executive Officers and Corporate Governance50Item 11. Executive Co