| Business Summary | | Motorcar
Parts
&
Accessories,
Inc.
(MPAA)
remanufactures
and
distributes
alternators
and
starters
and
assembles
and
distributes
spark
plug
wire
sets
for
the
automotive
aftermarket
industry
(replacement
parts
sold
for
use
on
vehicles
after
initial
purchase).
These
automotive
parts
are
sold
to
automotive
retail
chains
and
warehouse
distributors
throughout
the
United
States.
The
Company
has
remanufacturing
operations
for
alternators
and
starters
in
California,
Singapore
and
Malaysia.
Assembly
operations
for
spark
plug
wire
kits
are
performed
in
Tennessee.
MPAA
is
a
defendant
in
a
class
action
lawsuit
pending
in
the
United
States
District
Court,
Central
District
of
California.
The
complaint
in
the
class
action
alleges
that,
over
a
three-year
period,
the
Company
misstated
earnings
in
violation
of
securities
laws.
The
complaint
seeks
damages
on
behalf
of
all
investors
who
purchased
common
stock
of
the
Company
from
August
1,
1996
to
July
30,
1999. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MPAA
remanufactures
and
distributes
replacement
alternators
and
starters.
MPAA
also
assembles
and
distributes
spark
plug
wire
sets
for
the
automotive
after-market
industry.
For
the
nine
months
ended
12/31/98,
revenues
rose
21%
to
$97.5
million.
Net
income
fell
5%
to
$4.5
million.
Revenues
reflect
rapid
growth
and
increased
market
share
in
the
domestic
vehicles
business.
Earnings
were
offset
by
lower
gross
margins
on
new
product
lines
and
additional
personnel. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2001 Pay | |
| Selwyn Joffe, 43 Chairman | $160K | Anthony Souza, 46 Pres,
CEO, Director | 335K | Charles Yeagley, 53 CFO,
Sec. | 145K | Steven Kratz, 46 Sr.
VP - QA/Engineering | 265K | Dollar amounts are as of 31-Mar-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|