----

| R | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|-------------------------------------------------------------------------------------------|

| £ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|-----------------------------------------------------------------------------------------------|

| New York                                                       |   | 11-2153962                           |
|----------------------------------------------------------------|--------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization) |   | (I.R.S. Employer Identification No.) |
|                                                           |   |                                 |
| 2929 California Street, Torrance, California                   |   | 90503                                |
| (Address of principal executive offices)                       |   | Zip Code                             |

| Large accelerated filer £ |                                          |   | Accelerated filer R              |
|--------------------------------|-----------------------------------------------|--------|----------------------------------|
| Non-accelerated filer £   | (Do not check if a smaller reporting company) |   | Smaller reporting company £ |
|                           |                                          |   | Emerging growth company £   |

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| EXPLANATORY NOTE                                                                                        | 3      |
|---------------------------------------------------------------------------------------------------------|--------|
|                                                                                                    |   |
| PART III                                                                                                |   |
| Item 10. Directors, Executive Officers and Corporate Governance                                         | 4      |
| Item 11. Executive Compensation                                                                         | 10     |
| Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | 36     |
| Item 13. Certain Relationships and Related Transactions and Director Independence                       | 38     |
| Item 14. Principal Accounting Fees and Services                                                         | 39     |
|                                                                                                    |   |
| PART IV                                                                                                 |   |
| Item 15. Exhibits, Financial Statement Schedules                                                        | 40     |
|                                                                                                    |   |
| SIGNATURES                                                                                              | 41     |

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| Name                 |   | Age    |   | Position with the Company                                                                                                    |
|----------------------|--------|--------|--------|------------------------------------------------------------------------------------------------------------------------------|
|                 |   |   |   |                                                                                                                         |
| Selwyn Joffe         |   | 59     |   | Chairman of the Board of Directors, President and Chief Executive Officer                                                    |
|                 |   |   |   |                                                                                                                         |
| Scott J. Adelson     |   | 56     |   | Lead Independent Director                                                                                                    |
|                 |   |   |   |                                                                                                                         |
| Rudolph J. Borneo    |   | 76     |   | Director, Chairman of the Compensation Committee and member of the Audit and Nominating and Corporate Governance Committees  |
|                 |   |   |   |                                                                                                                         |
| Dr. David Bryan      |   | 65     |   | Director, member of the Compensation and Nominating and Corporate Governance Committees                                      |
|                 |   |   |   |                                                                                                                         |
| Joseph Ferguson      |   | 50     |   | Director, member of the Audit Committee                                                                                      |
|                 |   |   |   |                                                                                                                         |
| Philip Gay           |   | 59     |   | Director, Chairman of the Audit Committee, and member of the Compensation and Nominating and Corporate Governance Committees |
|                 |   |   |   |                                                                                                                         |
| Duane Miller         |   | 70     |   | Director, Chairman of the Nominating and Corporate Governance Committee and member of the Audit and Compensation Committees  |
|                 |   |   |   |                                                                                                                         |
| Jeffrey Mirvis       |   | 53     |   | Director, member of the Audit, Compensation and Nominating and Corporate Governance Committees                               |
|                 |   |   |   |                                                                                                                         |
| Timothy D. Vargo     |   | 66     |   | Director                                                                                                                     |
|                 |   |   |   |                                                                                                                         |
| Barbara L. Whittaker |   | 66     |   | Director                                                                                                                     |

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| Name            |   | Age    |   | Position with the Company                     |
|-----------------|--------|--------|--------|-----------------------------------------------|
|            |   |   |   |                                          |
| Steve Kratz     |   | 62     |   | Chief Operating Officer                       |
|            |   |   |   |                                          |
| David Lee       |   | 47     |   | Chief Financial Officer                       |
|            |   |   |   |                                          |
| Doug Schooner   |   | 48     |   | Chief Manufacturing Officer                   |
|            |   |   |   |                                          |
| Michael Umansky |   | 76     |   | Vice President, Secretary and General Counsel |

----

Table of Contents

|  | · | Selwyn Joffe, President and Chief Executive Officer and Chairman of the Board |
|--|--------|-------------------------------------------------------------------------------|

|  | · | David Lee, Chief Financial Officer |
|--|--------|------------------------------------|

|  | · | Michael Umansky, Vice President, Secretary and General Counsel |
|--|--------|----------------------------------------------------------------|

|  | · | Doug Schooner, Chief Manufacturing Officer |
|--|--------|--------------------------------------------|

|  | · | Steve Kratz, Chief Operating Officer |
|--|--------|--------------------------------------|

----

Table of Contents

|  | · | Provide appropriate incentives to our executive officers to implement our strategic business objectives and achieve the desired Company performance; |
|--|--------|------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | Reward our executive officers for their contribution to our success in building long-term shareholder value; and |
|--|--------|------------------------------------------------------------------------------------------------------------------|

|  | · | Provide compensation that will attract and retain superior talent and reward performance. |
|--|--------|-------------------------------------------------------------------------------------------|

----

Table of Contents

|   | What We Do                                                                                                                                                                   |   | What We Don’t Do                                                                     |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------|
|   | Align pay with performance                                                                                                                                                   |   | No “single-trigger” equity acceleration in connection with a change in control |
|   | Formulaic cash-based incentive program, with 70% of total bonus opportunity tied to objective financial performance goals                                                    |   | Do not provide above-market interest rates on deferred compensation                        |
|   | Maintain rigorous stock ownership requirements: 3x base salary (CEO), 2x base salary (other named executive officers) and 3x annual cash retainer for non-employee directors |   | Do not re-price or exchange stock options without stockholder approval                     |
|   | Maintain a clawback policy                                                                                                                                                   |   | Do not allow directors or officers to hedge or pledge our equity securities      |
|   | Annual say-on-pay vote                                                                                                                                                       |   |                                                                                       |
|   | Independent compensation consultant                                                                                                                                          |   |                                                                                       |

|  | · | Adopted a clawback policy |
|--|--------|---------------------------|

|  | · | Adopted an executive and director stock ownership policy |
|--|--------|----------------------------------------------------------|

|  | · | Adopted an anti-hedging and anti-pledging policy |
|--|--------|--------------------------------------------------|

|  | · | Hired an executive compensation consultant to do a complete review of compensation practices, which it expects to implement for Fiscal 2017 compensation |
|--|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Table of Contents

| Named ExecutiveOfficers |   | Base Salary |    |
|-------------------------|--------|-------------|---------|
| Selwyn Joffe            |   | $           | 700,000 |   |
| David Lee               |   | $           | 290,000 |   |
| Michael Umansky         |   | $           | 506,000 |   |
| Doug Schooner           |   | $           | 294,000 |   |
| Steve Kratz             |   | $           | 180,000 |   |

| Named ExecutiveOfficers |   | Target IncentivePayment |    |   | TargetedIncentive Payment forAchieving CompanyPerformance Goal(70% of Total) |   |    | TargetedIncentive Paymentfor AchievingIndividual Goals(30%) |   |
|-------------------------|--------|-------------------------|---------|--------|-----------------------------------------------------------------------------------|--------|---------|-------------------------------------------------------------|--------|
| Selwyn Joffe            |   | $                       | 760,200 |   |                                                                              | $      | 532,140 |                                                        |   | $ | 228,060 |   |
| David Lee               |   | $                       | 159,500 |   |                                                                              | $      | 111,650 |                                                        |   | $ | 47,850 |   |
| Michael Umansky         |   | $                       | 101,200 |   |                                                                              | $      | 70,840  |                                                        |   | $ | 30,360 |   |
| Doug Schooner           |   | $                       | 102,900 |   |                                                                              | $      | 72,030  |                                                        |   | $ | 30,870 |   |
| Steve Kratz             |   | $                       | 30,750  |   |                                                                              | $      | 21,525  |                                                        |   | $ | 9,225 |   |

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|  | · | Develop key strategies in all areas aimed at driving our Company value |
|--|--------|------------------------------------------------------------------------|

|  | · | Strengthen our relationships with key customers through long-term arrangements |
|--|--------|--------------------------------------------------------------------------------|

|  | · | Ensure appropriate information is communicated to our Board of Directors |
|--|--------|--------------------------------------------------------------------------|

|  | · | Ensure that the appropriate management team and corporate focus is in place |
|--|--------|-----------------------------------------------------------------------------|

|  | · | Develop an appropriate succession plan |
|--|--------|----------------------------------------|

|  | · | Maintain the appropriate financial structure for our Company, including, but not limited to, budgets and operating focus |
|--|--------|--------------------------------------------------------------------------------------------------------------------------|

|  | · | Make decisions on all key initiatives proposed by senior management |
|--|--------|---------------------------------------------------------------------|

|  | · | Build sales |
|--|--------|-------------|

|  | · | Evaluate and propose systems and initiatives for continuous improvement in all disciplines of our business |
|--|--------|------------------------------------------------------------------------------------------------------------|

|  | · | Identify and drive any acquisitions |
|--|--------|-------------------------------------|

|  | · | Integrate acquired businesses |
|--|--------|-------------------------------|

|  | · | Prepare the infrastructure and develop plans to grow the Company |
|--|--------|------------------------------------------------------------------|

|  | · | Monitor all metrics that may have an impact on our financial performance |
|--|--------|--------------------------------------------------------------------------|

|  | · | Maintain an effective treasury function, including budgeting and forecasting |
|--|--------|------------------------------------------------------------------------------|

|  | · | Manage our cash flows |
|--|--------|-----------------------|

|  | · | Minimize the loan and interest expenses we incur |
|--|--------|--------------------------------------------------|

|  | · | Manage our shareholder relations |
|--|--------|----------------------------------|

|  | · | Evaluate and manage the key operating metrics for us |
|--|--------|------------------------------------------------------|

|  | · | Increase quality of our product |
|--|--------|---------------------------------|

|  | · | Implement strategies aimed at reducing our product costs and warranty rates |
|--|--------|-----------------------------------------------------------------------------|

|  | · | Manage our recovery operations |
|--|--------|--------------------------------|

|  | · | Improve our customer support services |
|--|--------|---------------------------------------|

|  | · | Manage and improve the performance of our information technology systems |
|--|--------|--------------------------------------------------------------------------|

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|  | · | Maximize all manufacturing efficiencies to ensure fill rates to our customers |
|--|--------|-------------------------------------------------------------------------------|

|  | · | Ensure the quality of our products through the manufacturing process |
|--|--------|----------------------------------------------------------------------|

|  | · | Maintain appropriate levels of offshore production volume and capacity |
|--|--------|------------------------------------------------------------------------|

|  | · | Maintain a global manufacturing and multifunctional support group |
|--|--------|-------------------------------------------------------------------|

|  | · | Reorganize special order department to maintain changing unit technology |
|--|--------|--------------------------------------------------------------------------|

|  | · | Complete the reorganization of the production shop |
|--|--------|----------------------------------------------------|

|  | · | Improve product costs |
|--|--------|-----------------------|

|  | · | Limit our legal and other risk exposure |
|--|--------|-----------------------------------------|

|  | · | Manage any litigation |
|--|--------|-----------------------|

|  | · | Control our legal and insurance costs |
|--|--------|---------------------------------------|

|  | · | Maintain our compliance standards, including compliance with SEC rules and regulations |
|--|--------|----------------------------------------------------------------------------------------|

|  | · | Manage our investor relations communications |
|--|--------|----------------------------------------------|

|  | · | Develop and protect intellectual property for our business processes |
|--|--------|----------------------------------------------------------------------|

|  | · | Advise on and implement any transactional business opportunities, including acquisitions, financings, SEC correspondence and customer contracts |
|--|--------|-------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | Oversee certain administrative functions, including human resource functions |
|--|--------|------------------------------------------------------------------------------|

|  | · | Determine and negotiate all required insurance |
|--|--------|------------------------------------------------|

|  | · | Supervise contractual obligations |
|--|--------|-----------------------------------|

| Named ExecutiveOfficers |   | Target IncentivePayment |    |   | CompanyPerformance RelatedIncentive Payment |   |    | Individual GoalIncentivePayment |   |   | Total ActualIncentivePayment |   |
|-------------------------|--------|-------------------------|---------|--------|---------------------------------------------|--------|---------|---------------------------------|--------|--------|------------------------------|--------|
| Selwyn Joffe            |   | $                       | 760,200 |   |                                        | $      | 623,000 |                            |   | $      | 228,000                      |   |   | $ | 851,000 |   |
| David Lee               |   | $                       | 159,500 |   |                                        | $      | 131,000 |                            |   | $      | 48,000                       |   |   | $ | 179,000 |   |
| Michael Umansky         |   | $                       | 101,200 |   |                                        | $      | 83,000  |                            |   | $      | 41,000                       |   |   | $ | 124,000 |   |
| Doug Schooner           |   | $                       | 102,900 |   |                                        | $      | 84,000  |                            |   | $      | 31,000                       |   |   | $ | 115,000 |   |
| Steve Kratz             |   | $                       | 30,750  |   |                                        | $      | 25,000  |                            |   | $      | 9,000                        |   |   | $ | 34,000 |   |

----

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| Named ExecutiveOfficers |   | Stock Options |   |   | Restricted Stock |   |
|-------------------------|--------|---------------|--------|--------|------------------|--------|
| Selwyn Joffe            |   |          | 51,200 |   |             |   | 11,300 |   |
| David Lee               |   |          | 10,800 |   |             |   | 2,800 |   |
| Michael Umansky         |   |          | 11,000 |   |             |   | 2,000 |   |
| Doug Schooner           |   |          | 9,000  |   |             |   | 2,400 |   |
| Steve Kratz             |   |          | 10,600 |   |             |   | 3,000 |   |

----

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| Name & Principal Position | FiscalYear |   | Salary |    |   | Bonus (1) |   |      | StockAwards (2) |   |   | OptionsAwards(2) |   |   | Non-EquityIncentive PlanCompensation |    |   | All OtherCompensation (3) |   |    | Total  |   |
|-------------------------------|------------|--------|--------|---------|--------|-----------|--------|-----------|-----------------|--------|--------|------------------|--------|--------|--------------------------------------|---------|--------|---------------------------|--------|---------|--------|--------|
|                          |       |   |   |    |   |      |   |      |            |   |   |             |   |   |                                 |    |   |                      |   |    |   |   |
| Selwyn Joffe                  | 2017       |   | $      | 700,000 |   |      | $      | 228,100   |            |   | $      | 324,084          |   |   | $                                    | 674,719 |   |                      | $      | 623,000 |   |   | $ | 169,200 |   |   | $ | 2,719,103 |   |
| Chairman of the Board,        | 2016       |   |   | 700,000 |   |      |   | 47,900    |            |   |   | 389,125          |   |   |                                 | 374,663 |   |                      |   | 652,200 |   |   |   | 327,520 |   |   |   | 2,491,408 |   |
| President and CEO             | 2015       |   |   | 674,616 |   |      |   | 1,778,834 |            |   |   | 1,350,893        |   |   |                                 | -       |   |                      |   | -       |   |   |   | 223,056 |   |   |   | 4,027,399 |   |
|                          |       |   |   |    |   |      |   |      |            |   |   |             |   |   |                                 |    |   |                      |   |    |   |   |   |   |   |   |   |   |   |
| David Lee                     | 2017       |   | $      | 290,000 |   |      | $      | 48,100    |            |   | $      | 80,304           |   |   | $                                    | 142,323 |   |                      | $      | 131,000 |   |   | $ | 88,030 |   |   | $ | 779,757 |   |
| Chief Financial Officer       | 2016       |   |   | 262,192 |   |      |   | 600       |            |   |   | 96,503           |   |   |                                 | 92,951  |   |                      |   | 100,500 |   |   |   | 70,200 |   |   |   | 622,946 |   |
|                               |  2015 |   |   | 220,000 |   |      |   | 324,260   |            |   |   | 84,841           |   |   |                                 | 89,510  |   |                      |   | -       |   |   |   | 61,990 |   |   |   | 780,601 |   |
|                          |       |   |   |    |   |      |   |      |            |   |   |             |   |   |                                 |    |   |                      |   |    |   |   |   |   |   |   |   |   |   |
| Steve Kratz                   | 2017       |   |   | 310,769 | (4)    |      | $      | 9,100     |            |   | $      | 86,040           |   |   | $                                    | 139,688 |   |                      | $      | 25,000  |   |   | $ | 29,895 |   |   | $ | 289,723 |   |
| Chief Operating Officer       | 2016       |   |   | 350,000 |   |      |   | 100       |            |   |   | 105,842          |   |   |                                 | 101,531 |   |                      |   | 91,000  |   |   |   | 25,630 |   |   |   | 674,103 |   |
|                               |  2015 |   |   | 350,000 |   |      |   | 374,646   |            |   |   | 91,720           |   |   |                                 | 96,247  |   |                      |   | -       |   |   |   | 22,696 |   |   |   | 935,309 |   |
|                          |       |   |   |    |   |      |   |      |            |   |   |             |   |   |                                 |    |   |                      |   |    |   |   |   |   |   |   |   |   |   |
| Doug Schooner                 | 2017       |   | $      | 294,000 |   |      | $      | 31,100    |            |   | $      | 68,832           |   |   | $                                    | 118,603 |   |                      | $      | 84,000  |   |   | $ | 88,147 |   |   | $ | 684,681 |   |
| Chief Manufacturing Officer   | 2016       |   |   | 294,000 |   |      |   | 1,800     |            |   |   | 84,051           |   |   |                                 | 80,081  |   |                      |   | 99,300  |   |   |   | 71,246 |   |   |   | 630,478 |   |
|                               |  2015 |   |   | 286,385 |   |      |   | 265,089   |            |   |   | 59,618           |   |   |                                 | 61,598  |   |                      |   | -       |   |   |   | 62,767 |   |   |   | 735,457 |   |
|                          |       |   |   |    |   |      |   |      |            |   |   |             |   |   |                                 |    |   |                      |   |    |   |   |   |   |   |   |   |   |   |
| Michael Umansky               | 2017       |   | $      | 506,000 |   |      | $      | 41,100    |            |   | $      | 57,360           |   |   | $                                    | 144,959 |   |                      | $      | 83,000  |   |   | $ | 86,746 |   |   | $ | 919,165 |   |
| Vice President, Secretary     | 2016       |   |   | 506,000 |   |      |   | 10,000    |            |   |   | 68,486           |   |   |                                 | 67,211  |   |                      |   | 114,000 |   |   |   | 85,551 |   |   |   | 851,248 |   |
| and General Counsel           | 2015       |   |   | 506,000 |   |      |   | 316,343   |            |   |   | 59,618           |   |   |                                 | 63,523  |   |                      |   | -       |   |   |   | 56,414 |   |   |   | 1,001,898 |   |

----

|  | (1) | Amounts in the “Bonus” column include a $100 bonus paid to each of the Company’s employees during December of each year, including the named executive officers, and bonuses awarded to the named executive officers based on the achievement of Individual Goals under the Company’s Annual Cash-Based Incentive Program. Amounts in the “Non-Equity Incentive Compensation Plan” column represent annual cash bonuses awarded to the named executive officers under the Company’s Annual Cash-Based Incentive Program based on the achievement of Company Performance Goals. |
|--|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (2) | Stock and option award amounts represent the aggregate grant date fair value of options granted during the fiscal years ended March 31, 2017, 2016, and 2015.  We provide information regarding the assumptions used to calculate the value of all options and stock awards made to executive officers in Note 2 to the Company’s consolidated financial statements contained in its Annual Report on Form 10-K filed on June 14, 2017. |
|--|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|  | (3) | The following chart is a summary of the items that are included in the “All Other Compensation” totals for the fiscal year ended March 31, 2017: |
|--|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  Name      |   | Automobile Expenses |   |   | Health Insurance Premiums |   |    | 401K Employer’s Contribution |   |   | Deferred Compensation Plan Employer’s Contribution |   |   | Total  |   |
|-----------------|--------|---------------------|--------|--------|---------------------------|--------|---------|------------------------------------|--------|--------|----------------------------------------------------------|--------|--------|--------|--------|
|            |   |                |   |   |                      |   |    |                               |   |   |                                                     |   |   |   |   |
| Selwyn Joffe    |   | $                   | 18,000 |   |                      | $      | 103,327 |                               |   | $      | 5,151                                                    |   |   | $      | 42,722 |   |   | $ | 169,200 |   |
| David Lee       |   | $                   | -      |   |                      | $      | 79,327  |                               |   | $      | 8,703                                                    |   |   | $      | -      |   |   | $ | 88,030 |   |
| Steve Kratz     |   | $                   | -      |   |                      | $      | 27,886  |                               |   | $      | 2,009                                                    |   |   | $      | -      |   |   | $ | 29,895 |   |
| Doug Schooner   |   | $                   | -      |   |                      | $      | 79,327  |                               |   | $      | 8,820                                                    |   |   | $      | -      |   |   | $ | 88,147 |   |
| Michael Umansky |   | $                   | 376    |   |                      | $      | 55,469  |                               |   | $      | 12,000                                                   |   |   | $      | 18,900 |   |   | $ | 86,746 |   |

|  | (4) | Reflects mid-year salary change from $350,000 to $180,000. |
|--|-----|------------------------------------------------------------|

| Name            | Grant Date |   | All Other Stock Awards: Number of Shares of Stock or Units (1) |   |   | All Other Option Awards: Number of Securities Underlying Options (1) |   |   | Exercise or Base Price of Option Awards |   |   | Grant Date Fair Value of Stock and Option Awards |   |
|-----------------|------------|--------|----------------------------------------------------------------|--------|--------|----------------------------------------------------------------------|--------|--------|-----------------------------------------|--------|--------|--------------------------------------------------|--------|
|            |       |   |                                                           |   |   |                                                                 |   |   |                                    |   |   |                                             |   |
| Selwyn Joffe    | 6/24/2016  |   |                                                           | -      |   |                                                                 |   | 51,200 |                                    |   | $      | 28.68                                            |   |   | $ | 674,719 |   |
| Selwyn Joffe    | 6/24/2016  |   |                                                           | 11,300 |   |                                                                 |   | -      |                                    |   | $      | 28.68                                            |   |   | $ | 324,084 |   |
| David Lee       | 6/24/2016  |   |                                                           | -      |   |                                                                 |   | 10,800 |                                    |   | $      | 28.68                                            |   |   | $ | 142,323 |   |
| David Lee       | 6/24/2016  |   |                                                           | 2,800  |   |                                                                 |   | -      |                                    |   | $      | 28.68                                            |   |   | $ | 80,304 |   |
| Steve Kratz     | 6/24/2016  |   |                                                           | -      |   |                                                                 |   | 10,600 |                                    |   | $      | 28.68                                            |   |   | $ | 139,688 |   |
| Steve Kratz     | 6/24/2016  |   |                                                           | 3,000  |   |                                                                 |   | -      |                                    |   | $      | 28.68                                            |   |   | $ | 86,040 |   |
| Doug Schooner   | 6/24/2016  |   |                                                           | -      |   |                                                                 |   | 9,000  |                                    |   | $      | 28.68                                            |   |   | $ | 118,603 |   |
| Doug Schooner   | 6/24/2016  |   |                                                           | 2,400  |   |                                                                 |   | -      |                                    |   | $      | 28.68                                            |   |   | $ | 68,832 |   |
| Michael Umansky | 6/24/2016  |   |                                                           | -      |   |                                                                 |   | 11,000 |                                    |   | $      | 28.68                                            |   |   | $ | 144,959 |   |
| Michael Umansky | 6/24/2016  |   |                                                           | 2,000  |   |                                                                 |   | -      |                                    |   | $      | 28.68                                            |   |   | $ | 57,360 |   |

----

|  | (1) | These awards vest in three equal annual installments beginning on the first anniversary of the grant date subject to continued employment. |
|--|-----|--------------------------------------------------------------------------------------------------------------------------------------------|

----

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|            |   | Option Awards                                                        |    |   | Stock Awards                                                             |   |
|-----------------|--------|----------------------------------------------------------------------|---------|--------|--------------------------------------------------------------------------|--------|
| Name            |   | Number ofSecuritiesUnderlyingUnexercisedOptions (#)ExercisableVested |    |   | Number ofSecuritiesUnderlyingUnexercisedOptions (#)UnexercisableUnvested |   |   | OptionExercisePrice ($) |   |   | OptionExpirationDate |   |   | Number ofShares orUnits of StockUnvested (#) |   |   | Market Valueof Shares orUnits of StockUnvested ($) |   |
|            |   |                                                                 |    |   |                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Selwyn Joffe    |   |                                                                 |    |   |                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|            |   |                                                                 | 109,100 |   |                                                                     |   | - |   |   |   | $ | 6.46 |   |   | 12/27/2022 |   |   |   |   |   |   |   |   |
|            |   |                                                                 | 124,100 |   |                                                                     |   | - |   |   |   | $ | 6.46 |   |   | 12/27/2022 |   |   |   |   |   |   |   |   |
|            |   |                                                                 | 83,700  |   |                                                                     |   | - |   |   |   | $ | 9.32 |   |   | 9/2/2023 |   |   |   |   |   |   |   |   |
|            |   |                                                                 | 8,733   |   |                                                                     |   | 17,467 | (1) |   |   | $ | 31.13 |   |   | 9/3/2025 |   |   |   |   |   |   |   |   |
|            |   |                                                                 | -       |   |                                                                     |   | 51,200 | (4) |   |   | $ | 28.68 |   |   | 6/23/2026 |   |   |   |   |   |   |   |   |
|            |   |                                                                 |    |   |                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   | 17,197 | (2) |   |   | $ | 528,464 |   |
|            |   |                                                                 |    |   |                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   | 8,333 | (1) |   |   | $ | 256,073 |   |
|            |   |                                                                 |    |   |                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   | 11,300 | (4) |   |   | $ | 347,249 |   |
| David Lee       |   |                                                                 |    |   |                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|            |   |                                                                 | 30,900  |   |                                                                     |   | - |   |   |   | $ | 6.46 |   |   | 12/27/2022 |   |   |   |   |   |   |   |   |   |   |
|            |   |                                                                 | 20,900  |   |                                                                     |   | - |   |   |   | $ | 9.32 |   |   | 9/2/2023 |   |   |   |   |   |   |   |   |   |   |
|            |   |                                                                 | 6,200   |   |                                                                     |   | 3,100 | (3) |   |   | $ | 22.93 |   |   | 6/21/2024 |   |   |   |   |   |   |   |   |   |   |
|            |   |                                                                 | 2,167   |   |                                                                     |   | 4,333 | (1) |   |   | $ | 31.13 |   |   | 9/3/2025 |   |   |   |   |   |   |   |   |   |   |
|            |   |                                                                 | -       |   |                                                                     |   | 10,800 | (4) |   |   | $ | 28.68 |   |   | 6/23/2026 |   |   |   |   |   |   |   |   |   |   |
|            |   |                                                                 |    |   |                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   | 1,234 | (3) |   |   | $ | 37,921 |   |
|            |   |                                                                 |    |   |                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   | 2,067 | (1) |   |   | $ | 63,519 |   |
|            |   |                                                                 |    |   |                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   | 2,800 | (4) |   |   | $ | 86,044 |   |
| Steve Kratz     |   |                                                                 |    |   |                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|            |   |                                                                 | 21,900  |   |                                                                     |   | - |   |   |   | $ | 6.46 |   |   | 12/27/2022 |   |   |   |   |   |   |   |   |   |   |
|            |   |                                                                 | 24,900  |   |                                                                     |   | - |   |   |   | $ | 9.32 |   |   | 9/2/2023 |   |   |   |   |   |   |   |   |   |   |
|            |   |                                                                 | 6,667   |   |                                                                     |   | 3,333 | (3) |   |   | $ | 22.93 |   |   | 6/21/2024 |   |   |   |   |   |   |   |   |   |   |
|            |   |                                                                 | 2,367   |   |                                                                     |   | 4,733 | (1) |   |   | $ | 31.13 |   |   | 9/3/2025 |   |   |   |   |   |   |   |   |   |   |
|            |   |                                                                 | -       |   |                                                                     |   | 10,600 | (4) |   |   | $ | 28.68 |   |   | 6/23/2026 |   |   |   |   |   |   |   |   |   |   |
|            |   |                                                                 |    |   |                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   | 1,334 | (3) |   |   | $ | 40,994 |   |
|            |   |                                                                 |    |   |                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   | 2,267 | (1) |   |   | $ | 69,665 |   |
|            |   |                                                                 |    |   |                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   | 3,000 | (4) |   |   | $ | 92,190 |   |
| Doug Schooner   |   |                                                                 |    |   |                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|            |   |                                                                 | 4,834   |   |                                                                     |   | - |   |   |   | $ | 9.32 |   |   | 9/2/2023 |   |   |   |   |   |   |   |   |   |   |
|            |   |                                                                 | 4,267   |   |                                                                     |   | 2,133 | (3) |   |   | $ | 22.93 |   |   | 6/21/2024 |   |   |   |   |   |   |   |   |   |   |
|            |   |                                                                 | 1,867   |   |                                                                     |   | 3,733 | (1) |   |   | $ | 31.13 |   |   | 9/3/2025 |   |   |   |   |   |   |   |   |   |   |
|            |   |                                                                 | -       |   |                                                                     |   | 9,000 | (4) |   |   | $ | 28.68 |   |   | 6/23/2026 |   |   |   |   |   |   |   |   |   |   |
|            |   |                                                                 |    |   |                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   | 866 | (3) |   |   | $ | 26,612 |   |
|            |   |                                                                 |    |   |                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   | 1,800 | (1) |   |   | $ | 55,314 |   |
|            |   |                                                                 |    |   |                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   | 2,400 | (4) |   |   | $ | 73,752 |   |
| Michael Umansky |   |                                                                 |    |   |                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|            |   |                                                                 | 7,400   |   |                                                                     |   | - |   |   |   | $ | 6.46 |   |   | 12/27/2022 |   |   |   |   |   |   |   |   |   |   |
|            |   |                                                                 | 15,000  |   |                                                                     |   | - |   |   |   | $ | 9.32 |   |   | 9/2/2023 |   |   |   |   |   |   |   |   |   |   |
|            |   |                                                                 | 4,400   |   |                                                                     |   | 2,200 | (3) |   |   | $ | 22.93 |   |   | 6/21/2024 |   |   |   |   |   |   |   |   |   |   |
|            |   |                                                                 | 1,567   |   |                                                                     |   | 3,133 | (1) |   |   | $ | 31.13 |   |   | 9/3/2025 |   |   |   |   |   |   |   |   |   |   |
|            |   |                                                                 | -       |   |                                                                     |   | 11,000 | (4) |   |   | $ | 28.68 |   |   | 6/23/2026 |   |   |   |   |   |   |   |   |   |   |
|            |   |                                                                 |    |   |                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   | 866 | (3) |   |   | $ | 26,612 |   |
|            |   |                                                                 |    |   |                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   | 1,467 | (1) |   |   | $ | 45,081 |   |
|            |   |                                                                 |    |   |                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   | 2,000 | (4) |   |   | $ | 61,460 |   |

----

|  | (1) | This award vests in three equal annual installments beginning on the first anniversary of the grant date, September 4, 2015, subject to continued employment. |
|--|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (2) | This award vests in three equal annual installments beginning on the first anniversary of the grant date, June 11, 2014, subject to continued employment. |
|--|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (3) | This award vests in three equal annual installments beginning on the first anniversary of the grant date, June 24, 2014, subject to continued employment. |
|--|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | (4) | This award vests in three equal annual installments beginning on the first anniversary of the grant date, June 24, 2016, subject to continued employment. |
|--|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

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|            |   | Option Awards                       |   |   | Stock Awards             |   |
|-----------------|--------|-------------------------------------|--------|--------|--------------------------|--------|
| Name            |   | Number of SharesAcquired onExercise |   |   | ValueRealized onExercise |   |   | Number ofSharesAcquired onVesting |   |   | ValueRealized onVesting |   |
|            |   |                                |   |   |                     |   |   |   |   |   |   |   |
| Selwyn Joffe    |   |                                | 75,000 |   |                     | $      | 1,379,733 |   |   |   | 36,897 |   |   | $ | 1,054,650 |   |
| David Lee       |   |                                | -      |   |                     | $      | - |   |   |   | 6,132 |   |   | $ | 179,001 |   |
| Steve Kratz     |   |                                | -      |   |                     | $      | - |   |   |   | 7,100 |   |   | $ | 207,319 |   |
| Doug Schooner   |   |                                | -      |   |                     | $      | - |   |   |   | 4,467 |   |   | $ | 130,418 |   |
| Michael Umansky |   |                                | -      |   |                     | $      | - |   |   |   | 4,366 |   |   | $ | 127,457 |   |

| Name            |   | ExecutiveContributionsin Last FY(1) |   |   | CompanyContributionin Last FY(2) |   |   | AggregateEarnings inLast FY (3) |   |   | AggregateWithdrawals/Distributions |   |   | AggregateBalance atLast FY (4) |   |
|-----------------|--------|-------------------------------------|--------|--------|----------------------------------|--------|--------|---------------------------------|--------|--------|------------------------------------|--------|--------|--------------------------------|--------|
|            |   |                                |   |   |                             |   |   |                            |   |   |                               |   |   |                           |   |
| Selwyn Joffe    |   | $                                   | 42,722 |   |                             | $      | 42,722 |                            |   | $      | 129,089                            |   |   | $                              | -      |   |   | $ | 885,063 |   |
| David Lee       |   | $                                   | -      |   |                             | $      | -      |                            |   | $      | -                                  |   |   | $                              | -      |   |   | $ | - |   |
| Steve Kratz     |   | $                                   | -      |   |                             | $      | -      |                            |   | $      | -                                  |   |   | $                              | -      |   |   | $ | - |   |
| Doug Schooner   |   | $                                   | -      |   |                             | $      | -      |                            |   | $      | -                                  |   |   | $                              | -      |   |   | $ | - |   |
| Michael Umansky |   | $                                   | 50,400 |   |                             | $      | 18,900 |                            |   | $      | 110,527                            |   |   | $                              | -      |   |   | $ | 872,772 |   |

| (1) | Executive Contributions in Last FY, shows the amounts that the named executive offices elected to defer in Fiscal 2017 under the DCP. These amounts represent compensation earned by the named executive officers in Fiscal 2017, and are therefore also reported in the appropriate columns in the Summary Compensation Table above. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Registrant Contributions in Last FY, shows the amounts credited in Fiscal 2017 as company contributions to the accounts of our named executive officers under the DCP. These amounts are also reported in the Summary Compensation Table above, in Column (i), All Other Compensation. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Aggregate Earnings in Last FY, shows the net amounts credited to the DCP accounts of our named executive officer as a result of the performance of the investment vehicles in which their accounts were deemed invested, as more fully described in the narrative disclosure below. These amounts do not represent above-market earnings, and thus are not reported in the Summary Compensation Table. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | Aggregate Balance at Last FY, shows the amounts of the DCP account balances at the end of Fiscal 2017 for each of our named executive officers. The following portions of these account balances represent amounts previously reported as compensation to the NEOs in our Summary Compensation Tables for Fiscal 2016 and prior years: for Mr. Joffe $216,760; and for Mr. Umansky, $157,222. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Name            |   | Contribution |   |   | Interest (a) |   |   | Total  |   |
|-----------------|--------|--------------|--------|--------|--------------|--------|--------|--------|--------|
|            |   |         |   |   |         |   |   |   |   |
| Selwyn Joffe    |   | $            | 42,722 |   |         | $      | -      |   |   | $ | 42,722 |   |
| David Lee       |   | $            | -      |   |         | $      | -      |   |   | $ | - |   |
| Steve Kratz     |   | $            | -      |   |         | $      | -      |   |   | $ | - |   |
| Doug Schooner   |   | $            | -      |   |         | $      | -      |   |   | $ | - |   |
| Michael Umansky |   | $            | 18,900 |   |         | $      | -      |   |   | $ | 18,900 |   |

----

| (a) | No interest is paid by the registrant. |
|-----|----------------------------------------|

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| Benefit                   |   | Terminationby Companyfor Cause (1) |    |   | Death (2) |   |      | Disability (3) |   |   | VoluntaryTermination by Mr.Joffe for GoodReason orTermination byCompany w/o Cause(4) |   |   | After Change inControl:VoluntaryTermination byMr. Joffe (5) |      |
|---------------------------|--------|------------------------------------|---------|--------|-----------|--------|-----------|----------------|--------|--------|--------------------------------------------------------------------------------------|--------|--------|-------------------------------------------------------------|-----------|
|                      |   |                               |    |   |      |   |      |           |   |   |                                                                                 |   |   |                                                        |      |
| Salary Contribution       |   | $                                  | -       |   |      | $      | -         |           |   | $      | -                                                                                    |   |   | $                                                           | 1,400,000 |   |   | $ | 1,400,000 |   |
| Bonus                     |   | $                                  | 851,000 |   |      | $      | 851,000   |           |   | $      | 851,000                                                                              |   |   | $                                                           | 1,551,200 |   |   | $ | 1,551,200 |   |
| Executive Awards (6)      |   | $                                  | -       |   |      | $      | 1,396,951 |           |   | $      | 1,396,951                                                                            |   |   | $                                                           | 1,396,951 |   |   | $ | 1,396,951 |   |
| Healthcare                |   | $                                  | -       |   |      | $      | -         |           |   | $      | 24,000                                                                               |   |   | $                                                           | 206,653   |   |   | $ | - |   |
| Automobile Allowance (7)  |   | $                                  | -       |   |      | $      | -         |           |   | $      | -                                                                                    |   |   | $                                                           | 36,000    |   |   | $ | - |   |
| Accrued Vacation Payments |   | $                                  | 121,890 |   |      | $      | 121,890   |           |   | $      | 121,890                                                                              |   |   | $                                                           | 229,582   |   |   | $ | 121,890 |   |

----

| (1) | Upon a termination for cause, Mr. Joffe will be entitled to his accrued salary, bonus, if any, reimbursable expenses, and benefits owing to him through the day of his termination. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Mr. Joffe’s employment term will end on the date of his death. Upon such event, Mr. Joffe’s estate will be entitled to receive his accrued salary, bonus, if any, benefits (including accrued but unused vacation time) and reimbursable expenses, owing to Mr. Joffe through the date of his death. In addition, Mr. Joffe’s estate will assume Mr. Joffe’s rights under our equity incentive plans and certain of his rights under his New Employment Agreement. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | If during the employment term, Mr. Joffe is terminated by us as a result of his physical or mental illness or incapacity as determined in accordance with the procedures set forth in the New Employment Agreement, Mr. Joffe will be entitled to receive his accrued salary, bonus, if any, reimbursable expenses, and benefits owing to Mr. Joffe through the date of termination. In addition, Mr. Joffe will be entitled to receive the benefits payable pursuant to a disability insurance policy purchased by Mr. Joffe with the Disability Insurance Payment. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | Upon a termination by Mr. Joffe for good reason or by us without cause, Mr. Joffe will be entitled to receive through the date which is two years after the termination date: (i) his salary at the annual rate as in effect immediately prior to the termination date; (ii) his average bonus earned for the two years immediately prior to the year in which his employment agreement is terminated (or if such termination occurs within the first three months of our fiscal year, for the second and third years preceding the year in which such termination occurs); (iii) the benefits; and (iv) reimbursable expenses. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| (5) | If a change in control occurs and Mr. Joffe voluntarily terminates his employment agreement for good reason or Mr. Joffe’s employment is terminated by us without cause within two years following a change in control, then Mr. Joffe will be entitled to receive either the severance benefit as described in the next sentence of this footnote or the benefits described in the immediately preceding footnote, whichever is more favorable to Mr. Joffe, and we will pay Mr. Joffe any reimbursable expenses owed to him through the termination date. The severance benefit will be equal to (i) two times Mr. Joffe’s salary at the annual rate in effect immediately prior to the date of the change in control plus (ii) two times Mr. Joffe’s average bonus earned for the two years immediately prior to the year in which the change in control occurs. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6) | Upon the termination of his employment agreement, for any reason other than termination by us for cause or termination by Mr. Joffe without good reason, any Executive Awards under our 2010 Incentive Plan which are not fully vested will immediately vest and remain exercisable by Mr. Joffe for a period of two years or, if shorter, until the ten year anniversary of the date of grant of each such Executive Award. The inherent value shown in the table is the additional compensation expense we would have recorded upon the immediate vesting of all Executive Awards which were not fully vested at March 31, 2017. Executive Awards include incentive stock options and nonqualified stock options, restricted stock, restricted stock units, performance awards, dividend equivalent rights, stock payments, deferred stock, deferred stock units, SARs and cash awards. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (7) | Mr. Joffe is entitled to receive an automobile allowance in the amount of $1,500 per month, payable monthly. In addition, all costs of operating the automobile, including fuel, oil, insurance, repairs, maintenance and other expenses, are our responsibility. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|  | · | Stock Options. Stock options provide for the purchase of shares of our common stock in the future at an exercise price set on the grant date. ISOs, by contrast to NSOs, may provide tax deferral beyond exercise and favorable capital gains tax treatment to their holders if certain holding period and other Code requirements are satisfied. The exercise price of a stock option may not be less than 100% of the fair market value of the underlying share on the date of grant (110% in the case of ISOs granted to certain significant shareholders), except with respect to certain substitute options granted in connection with a corporate transaction. The term of a stock option may not be longer than ten years (or five years in the case of ISOs granted to certain significant shareholders). Vesting conditions determined by the plan administrator may apply to stock options, may include continued service, performance and/or other conditions. |
|--|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | Stock Appreciation Rights. SARs entitle their holder, upon exercise, to receive from us an amount equal to the appreciation of the shares subject to the award between the grant date and the exercise date. The exercise price of a SAR may not be less than 100% of the fair market value of the underlying share on the date of grant (except with respect to certain substitute SARs granted in connection with a corporate transaction) and the term of a SAR may not be longer than ten years. Vesting conditions determined by the plan administrator may apply to SARs, and may include continued service, performance and/or other conditions. |
|--|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | Restricted Stock; Deferred Stock; RSUs; Performance Awards. Restricted stock is an award of nontransferable shares of our common stock that remain forfeitable unless and until specified conditions are met, and which may be subject to a purchase price. For shares of restricted stock with performance-based vesting, dividends which are paid prior to vesting will only be paid to the extent that the performance-based vesting conditions are subsequently satisfied and the shares vest. Deferred stock and RSUs are contractual promises to deliver shares of our common stock in the future, which may also remain forfeitable unless and until specified conditions are met. Delivery of the shares underlying these awards may be deferred under the terms of the award or at the election of the participant, if the plan administrator permits such a deferral. Performance awards are contractual rights to receive a range of shares of our common stock, cash, or a combination of cash and shares, in the future based on the attainment of specified performance goals, in addition to other conditions which may apply to these awards. Conditions applicable to restricted stock, deferred stock, RSUs and performance shares may be based on continuing service with us or our affiliates, the attainment of performance goals and/or such other conditions as the plan administrator may determine. |
|--|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|  | · | Stock Payments. Stock payments are awards of fully vested shares of our common stock that may, but need not be, made in lieu of base salary, bonus, fees or other cash compensation otherwise payable to any individual who is eligible to receive awards. |
|--|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | Dividend Equivalent Rights. Dividend equivalent rights represent the right to receive the equivalent value of dividends paid on shares of our common stock and may be granted alone or in tandem with awards other than stock options or SARs. Dividend equivalents are credited as of dividend payments dates during the period between the date an award is granted and the date such award vests, is exercised, is distributed or expires, as determined by the plan administrator. Dividend equivalents with respect to an award with performance-based vesting that are based on dividends paid prior to the vesting of such award will only be paid to the extent that the performance-based vesting conditions are subsequently satisfied and the award vests. |
|--|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|  | · | Stock Options. Stock options provide for the purchase of shares of our common stock in the future at an exercise price set on the grant date. The exercise price of a stock option may not be less than 100% of the fair market value of the underlying share on the date of grant, except with respect to certain substitute options granted in connection with a corporate transaction. The term of a stock option may not be longer than ten years. Vesting conditions determined by the plan administrator may apply to stock options, may include continued service, performance and/or other conditions. |
|--|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | Stock Appreciation Rights. SARs entitle their holder, upon exercise, to receive from us an amount equal to the appreciation of the shares subject to the award between the grant date and the exercise date. The exercise price of a SAR may not be less than 100% of the fair market value of the underlying share on the date of grant (except with respect to certain substitute SARs granted in connection with a corporate transaction) and the term of a SAR may not be longer than ten years. Vesting conditions determined by the plan administrator may apply to SARs, and may include continued service, performance and/or other conditions. |
|--|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

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|  | · | Restricted Stock; Deferred Stock; RSUs; Performance Awards. Restricted stock is an award of nontransferable shares of our common stock that remain forfeitable unless and until specified conditions are met, and which may be subject to a purchase price. For shares of restricted stock with performance-based vesting, dividends which are paid prior to vesting will only be paid to the extent that the performance-based vesting conditions are subsequently satisfied and the shares vest. Deferred stock and RSUs are contractual promises to deliver shares of our common stock in the future, which may also remain forfeitable unless and until specified conditions are met. Delivery of the shares underlying these awards may be deferred under the terms of the award or at the election of the participant, if the plan administrator permits such a deferral. Performance awards are contractual rights to receive a range of shares of our common stock, cash, or a combination of cash and shares, in the future based on the attainment of specified performance goals, in addition to other conditions which may apply to these awards. Conditions applicable to restricted stock, deferred stock, RSUs and performance shares may be based on continuing service with us or our affiliates, the attainment of performance goals and/or such other conditions as the plan administrator may determine. |
|--|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | Stock Payments. Stock payments are awards of fully vested shares of our common stock that may, but need not be, made in lieu of base salary, bonus, fees or other cash compensation otherwise payable to any individual who is eligible to receive awards. |
|--|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | Dividend Equivalent Rights. Dividend equivalent rights represent the right to receive the equivalent value of dividends paid on shares of our common stock and may be granted alone or in tandem with awards other than stock options or SARs. Dividend equivalents are credited as of dividend payments dates during the period between the date an award is granted and the date such award vests, is exercised, is distributed or expires, as determined by the plan administrator. Dividend equivalents with respect to an award with performance-based vesting that are based on dividends paid prior to the vesting of such award will only be paid to the extent that the performance-based vesting conditions are subsequently satisfied and the award vests. |
|--|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Name                 |   | Fees Earned or Paid in Cash |    |   | Stock Awards (1) |   |    | Option Awards (1) |   |   | All Other Compensation |   |   | Total  |   |
|----------------------|--------|-----------------------------|---------|--------|------------------|--------|---------|-------------------|--------|--------|------------------------|--------|--------|--------|--------|
|                 |   |                        |    |   |             |   |    |              |   |   |                   |   |   |   |   |
| Scott J. Adelson     |   | $                           | 61,000  |   |             | $      | 50,000  |              |   | $      | -                      |   |   | $      | -      |   |   | $ | 111,000 |   |
| Rudolph Borneo       |   | $                           | 90,000  |   |             | $      | 50,000  |              |   | $      | -                      |   |   | $      | -      |   |   | $ | 140,000 |   |
| David Bryan          |   | $                           | 62,444  |   |             | $      | 150,000 |              |   | $      | -                      |   |   | $      | -      |   |   | $ | 212,444 |   |
| Joseph Ferguson      |   | $                           | 67,444  |   |             | $      | 150,000 |              |   | $      | -                      |   |   | $      | -      |   |   | $ | 217,444 |   |
| Philip Gay           |   | $                           | 106,000 |   |             | $      | 50,000  |              |   | $      | -                      |   |   | $      | -      |   |   | $ | 156,000 |   |
| Duane Miller         |   | $                           | 88,500  |   |             | $      | 50,000  |              |   | $      | -                      |   |   | $      | -      |   |   | $ | 138,500 |   |
| Jeffrey Mirvis       |   | $                           | 83,000  |   |             | $      | 50,000  |              |   | $      | -                      |   |   | $      | -      |   |   | $ | 133,000 |   |
| Timothy D. Vargo     |   | $                           | 7,762   |   |             | $      | 100,000 |              |   | $      | -                      |   |   | $      | -      |   |   | $ | 107,762 |   |
| Barbara L. Whittaker |   | $                           | 7,762   |   |             | $      | 100,000 |              |   | $      | -                      |   |   | $      | -      |   |   | $ | 107,762 |   |

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| (1) | Award amounts reflect the aggregate grant date fair value of the awards. |
|-----|--------------------------------------------------------------------------|

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|                                                           |   |   |   |   | Amount and Nature of     |   |      | Percent of |   |
|----------------------------------------------------------------|--------|--------|--------|--------|--------------------------|--------|-----------|------------|--------|
| Name and address of Beneficial Shareholder                     |   |   |   |   | Beneficial Ownership (1) |   |      | Class      |   |
| BlackRock Fund Advisors                                        |   |   | (2)    |        |                     |   | 2,302,444 |       |   |   | 12.4 | % |
| 55 East 52nd Street, New York, NY 10055                        |   |   |   |   |                     |   |      |       |   |   |   |   |
| Fine Capital Management, LLC                                   |   |   | (2)    |   |                     |   | 1,812,773 |       |   |   | 9.7 |   |
| 590 Madison Avenue, 27th Floor, New York, New York 10022       |   |   |   |        |                     |   |      |       |   |   |   |   |
| Columbia Management Investment Advisers, LLC                   |   |   | (2)    |   |                     |   | 1,416,761 |       |   |   | 7.6 |   |
| 225 Franklin Street, Boston, MA 02110                          |   |   |   |        |                     |   |      |       |   |   |   |   |
| Wellington Management Company                                  |   |   | (2)    |   |                     |   | 1,177,095 |       |   |   | 6.3 |   |
| 280 Congress Street, Boston, MA 02210                          |   |   |   |        |                     |   |      |       |   |   |   |   |
| River Road Asset Management Company                            |   |   | (2)    |   |                     |   | 1,038,723 |       |   |   | 5.6 |   |
| 462 South Fourth Street, Suite 2000, Louisville, KY 40202      |   |   |   |        |                     |   |      |       |   |   |   |   |
| The Vanguard Group Inc.                                        |   |   | (2)    |   |                     |   | 993,275   |       |   |   | 5.3 |   |
| P.O. Box 1110, Valley Forge, PA 19482-1110                     |   |   |   |        |                     |   |      |       |   |   |   |   |
| Fidelity Investments Asset Management LLC                      |   |   | (2)    |   |                     |   | 981,349   |       |   |   | 5.3 |   |
| 900 Salem Street, Smithfield, RI 02917                         |   |   |   |        |                     |   |      |       |   |   |   |   |
| Dimensional Fund Advisors, L.P. (U.S.)                         |   |   | (2)    |   |                     |   | 953,287   |       |   |   | 5.1 |   |
| 1299 Ocean Ave, Santa Monica, CA 90401                         |   |   |   |        |                     |   |      |       |   |   |   |   |
| Selwyn Joffe                                                   |   |   | (3)    |   |                     |   | 492,234   |       |   |   | 2.6 |   |
| Scott Adelson                                                  |   |   | (4)    |   |                     |   | 52,282    |       |   |   | * |   |
| Rudolph Borneo                                                 |   |   | (5)    |   |                     |   | 40,282    |       |   |   | * |   |
| Bryan David                                                    |   |   |   |        |                     |   | 1,853     |       |   |   | * |   |
| Ferguson Joseph Edwin                                          |   |   |   |        |                     |   | 2,196     |       |   |   | * |   |
| Philip Gay                                                     |   |   | (6)    |   |                     |   | 20,282    |       |   |   | * |   |
| Duane Miller                                                   |   |   | (7)    |   |                     |   | 12,282    |       |   |   | * |   |
| Jeffrey Mirvis                                                 |   |   | (8)    |   |                     |   | 49,282    |       |   |   | * |   |
| Doug Schooner                                                  |   |   | (9)    |   |                     |   | 19,648    |       |   |   | * |   |
| Steven Kratz                                                   |   |   | (10)   |   |                     |   | 74,021    |       |   |   | * |   |
| Michael Umansky                                                |   |   | (11)   |   |                     |   | 43,788    |       |   |   | * |   |
| David Lee                                                      |   |   | (12)   |   |                     |   | 79,680    |       |   |   | * |   |
| Directors and executive officers as a group — 12 persons |   |   | (13)   |   |                     |   | 887,830   |       |   |   | 4.7 | % |

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| (1) | The listed shareholders, unless otherwise indicated in the footnotes below, have direct ownership over the amount of shares indicated in the table. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Based on information contained in filings made by such stockholders with the SEC on as reported in each such stockholder’s most recent Schedule 13F filing. Since there may have been subsequent purchases or sales of securities, this information may not reflect the current holdings by these stockholders. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Includes 351,433 shares issuable upon exercise of currently exercisable options granted and 8,333 shares of restricted stock units issuable under the 2010 Long Term Incentive Plan. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | Includes 40,000 shares issuable upon exercise of currently exercisable options granted under the 2004 Non-Employee Director Stock Option Plan. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | Includes 18,000 shares issuable upon exercise of currently exercisable options granted under the 2004 Non-Employee Director Stock Option Plan. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------|

| (6) | Includes 18,000 shares issuable upon exercise of currently exercisable options granted under the 2004 Non-Employee Director Stock Option Plan. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------|

| (7) | Includes 9,000 shares issuable upon exercise of currently exercisable options granted under the 2004 Non-Employee Director Stock Option Plan. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------|

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| (8) | Includes 37,000 shares issuable upon exercise of currently exercisable options granted under the 2004 Non-Employee Director Stock Option Plan. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------|

| (9) | Includes 13,134 shares issuable upon exercise of currently exercisable options granted and 1,800 shares of restricted stock units issuable under the 2010 Incentive Award Plan. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (10) | Includes 65,067 shares issuable upon exercise of currently exercisable options granted and 2,267 shares of restricted stock units issuable under the 2010 Incentive Award Plan |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (11) | Includes 35,801 shares issuable upon exercise of currently exercisable options granted and 1,467 shares of restricted stock units issuable under the 2010 Incentive Award Plan. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (12) | Includes 69,034 shares issuable upon exercise of currently exercisable options granted and 2,067 shares of restricted stock units issuable under the 2010 Incentive Award Plan. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (13) | Includes 534,469 shares issuable upon exercise of currently exercisable options granted and 15,934 shares of restricted stock units issuable under the 2010 Incentive Award Plan and 122,000 shares issuable upon exercise of currently exercisable options granted under the 2004 Non-Employee Director Stock Option Plan. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Plan Category                                              |   | Number of securities tobe issued uponexercise of outstandingoptions, warrants andrights(a) |      |   |   | Weighted-averageexercise price ofoutstanding optionswarrants and rights(b) |   |   |   | Number of securitiesremaining available forfuture issuance underequity compensation plans(excluding securitiesreflected in column (a))(c ) |   |   |
|------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------|-----------|--------|--------|----------------------------------------------------------------------------|--------|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|
| Equity compensation plans approved by securities holders   |   |                                                                                       | 1,162,636 | (1)    |   |                                                                       | $      | 14.92  | (2)    |                                                                                                                                       |   |   | 951,843 | (3) |  |
| Equity compensation plans not approved by security holders |   |                                                                                       | N/A       |   |   |                                                                       |   | N/A    |   |                                                                                                                                       |   |   | N/A |   |   |
| Total                                                      |   |                                                                                       | 1,162,636 |   |   |                                                                       | $      | 14.92  |   |                                                                                                                                       |   |   | 951,843 |   |   |

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| (1) | Consists of (i) options issued pursuant to our 2003 Long-Term Incentive Plan, 2004 Non-Employee Director Stock Option Plan, and Second Amended and Restated 2010 Incentive Award Plan (the “2010 Plan”) and (ii) restricted stock units (“RSUs”) issued under our 2010 Plan and 2014 Non-Employee Director Incentive Award Plan (the “2014 Plan”). |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | The weighted average exercise price does not reflect the shares that will be issued in connection with the settlement of RSUs, since RSUs have no exercise price. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Consists of shares available for issuance under our 2010 Plan and 2014 Plan. |
|-----|------------------------------------------------------------------------------|

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|           |   | 2017   |      |   | 2016   |   |      | 2015   |   |
|----------------|--------|--------|-----------|--------|--------|--------|-----------|--------|--------|
| Audit Fees     |   | $      | 1,640,000 |   |   | $      | 1,623,000 |   |   | $ | 1,676,000 |   |
| Tax Fees       |   |   | 251,000   |   |   |   | 234,000   |   |   |   | 168,000 |   |
| All Other Fees |   |   | 39,000    |   |   |   | -         |   |   |   | - |   |
|           |   |   |      |   |   |   |      |   |   |   |   |   |
| Total          |   | $      | 1,930,000 |   |   | $      | 1,857,000 |   |   | $ | 1,844,000 |   |

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| Number           |   | Description of Exhibit                                                                                  |   | Method of Filing           |
|--------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------|
|                                                               |   |                                                                                                                                                      |   |                                                                         |
| 31.1                                                               |   | Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes Oxley Act of 2002                                                        |   | Filed herewith.                                                              |
|                                                               |   |                                                                                                                                                      |   |                                                                         |
| 31.2                                                               |   | Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes Oxley Act of 2002                                                        |   | Filed herewith.                                                              |
|                                                               |   |                                                                                                                                                      |   |                                                                         |
| 31.3                                                               |   | Certification of Chief Accounting Officer pursuant to Section 302 of the Sarbanes Oxley Act of 2002                                                       |   | Filed herewith.                                                              |
|                                                               |   |                                                                                                                                                      |   |                                                                         |
| 32.1                                                               |   | Certifications of Chief Executive Officer, Chief Financial Officer and Chief Accounting Officer pursuant to Section 906 of the Sarbanes Oxley Act of 2002 |   | Filed herewith.                                                              |

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|                 | MOTORCAR PARTS OF AMERICA, INC. |                     |
|----------------------|---------------------------------|--------------------------|
|                 |                            |                     |   |
| Dated: July 31, 2017 | By:                             | /s/ David Lee            |
|                 |                            | David Lee                |   |
|                 |                            | Chief Financial Officer  |   |
|                 |                            |                     |   |
| Dated: July 31, 2017 | By:                             | /s/ Kevin Daly           |
|                 |                            | Kevin Daly               |   |
|                 |                            | Chief Accounting Officer |   |
| /s/ Selwyn Joffe         | Chief Executive Officer and Director | July 31, 2017 |
|--------------------------|--------------------------------------|---------------|
| Selwyn Joffe             | (Principal Executive Officer)        |          |
|                     |                                 |          |
| /s/ David Lee            | Chief Financial Officer              | July 31, 2017 |
| David Lee                | (Principal Financial Officer)        |          |
|                     |                                 |          |
| /s/ Kevin Daly           | Chief Accounting Officer             | July 31, 2017 |
| Kevin Daly               | (Principal Accounting Officer)       |          |
|                     |                                 |          |
| /s/ Scott Adelson        | Director                             | July 31, 2017 |
| Scott Adelson            |                                 |          |
|                     |                                 |          |
| /s/ Rudolph Borneo       | Director                             | July 31, 2017 |
| Rudolph Borneo           |                                 |          |
|                     |                                 |          |
| /s/ Philip Gay           | Director                             | July 31, 2017 |
| Philip Gay               |                                 |          |
|                     |                                 |          |
| /s/ Duane Miller         | Director                             | July 31, 2017 |
| Duane Miller             |                                 |          |
|                     |                                 |          |
| /s/ Jeffrey Mirvis       | Director                             | July 31, 2017 |
| Jeffrey Mirvis           |                                 |          |
|                     |                                 |          |
| /s/ David Bryan          | Director                             | July 31, 2017 |
| David Bryan              |                                 |          |
|                     |                                 |          |
| /s/ Joseph Ferguson      | Director                             | July 31, 2017 |
| Joseph Ferguson          |                                 |          |
|                     |                                 |          |
| /s/ Timothy D. Vargo     | Director                             | July 31, 2017 |
| Timothy D. Vargo         |                                 |          |
|                     |                                 |          |
| /s/ Barbara L. Whittaker | Director                             | July 31, 2017 |
| Barbara L. Whittaker     |                                 |          |

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