# EDGAR Filing Document

**Accession Number:** 0000918251
**File Stem:** 0000000000-23-003131
**Filing Date:** 2023-3
**Character Count:** 13025
**Document Hash:** 8d51645ce0f01fdd615fc28719cfd984
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-23-003131.hdr.sgml**: 20230712

**ACCESSION NUMBER**: 0000000000-23-003131

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230329

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MOTORCAR PARTS OF AMERICA INC
- **CENTRAL INDEX KEY:** 0000918251
- **STANDARD INDUSTRIAL CLASSIFICATION:** MOTOR VEHICLE PARTS & ACCESSORIES [3714]
- **IRS NUMBER:** 112153962
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** UPLOAD

**BUSINESS ADDRESS:**
- **STREET 1:** 2929 CALIFORNIA STREET
- **CITY:** TORRANCE
- **STATE:** CA
- **ZIP:** 90503
- **BUSINESS PHONE:** 3109724015

**MAIL ADDRESS:**
- **STREET 1:** 2929 CALIFORNIA STREET
- **CITY:** TORRANCE
- **STATE:** CA
- **ZIP:** 90503

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MOTORCAR PARTS AMERICA INC
- **DATE OF NAME CHANGE:** 20100614

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MOTORCAR PARTS  AMERICA INC
- **DATE OF NAME CHANGE:** 20040112

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MOTORCAR PARTS & ACCESSORIES INC
- **DATE OF NAME CHANGE:** 19940128
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001140361-22-022893

## Text-Extract

```

United States securities and exchange commission logo

                              March 29, 2023

       David Lee
       Chief Financial Officer
       Motorcar Parts of America, Inc.
       2929 California Street
       Torrance, CA 90503

                                                        Re: Motorcar Parts of
America, Inc.
                                                            Form 10-K for the
Fiscal Year Ended March 31, 2022
                                                            Filed June 14, 2022
                                                            File No. 001-33861

       Dear David Lee:

              We have limited our review of your filing to the financial
statements and related
       disclosures and have the following comments. In some of our comments, we
may ask you to
       provide us with information so we may better understand your disclosure.

              Please respond to these comments within ten business days by
providing the requested
       information or advise us as soon as possible when you will respond. If
you do not believe our
       comments apply to your facts and circumstances, please tell us why in
your response.

                                                        After reviewing your
response to these comments, we may have additional comments.

       Form 8-K furnished February 9, 2023

       Exhibit 99.1

   1.                                                   We note you provide a
range of forward-looking EBITDA and adjusted EBITDA for
                                                        fiscal 2023 without
providing reconciliations to the most directly comparable GAAP
                                                        measure or a statement
that providing such reconciliations requires unreasonable efforts.
                                                        In future filings,
please provide reconciliations to the most directly comparable GAAP
                                                        measure. If all of the
information necessary for the reconciliations is not available without
                                                        unreasonable efforts,
identify and disclose the information that is unavailable and its
                                                        probable significance.
Also present the most directly comparable GAAP measure with
                                                        equal or greater
prominence. Refer to Item 10(e)(1)(i) of Regulation S-K and Questions
                                                        102.10(a), 102.10(b),
and 103.02 of the Staff   s Compliance and Disclosure Interpretations
                                                        on Non-GAAP Financial
Measures.
       Form 10-K for the Fiscal Year Ended March 31, 2022
 David Lee
FirstName  LastNameDavid   Lee
Motorcar Parts of America, Inc.
Comapany
March      NameMotorcar Parts of America, Inc.
       29, 2023
March2 29, 2023 Page 2
Page
FirstName LastName
Note 2. Summary of Significant Accounting Policies
Segment Reporting, page F-7

2.       We have reviewed your response to comment 1 and note that your Hard
Parts operating
         segment consists of rotating electrical products, wheel hub products,
brake-related
         products, and turbochargers. We further note that you quantify net
sales for the first three
         product categories on page F-27 and that each category significantly
contributed to your
         net sales. In addition, we note from recent earnings call transcripts
that management
         appears to monitor gross margins of these product lines and that the
product categories
         have different gross margin profiles. As an example, during the second
quarter earnings
         call held November 9, 2022, management indicated that brake-related
gross margins
         currently "are lower than some of the legacy products." Please tell us
how you
         determined that none of the Hard Parts product lines represent
operating segments. In
         doing so, ensure that you provide us with the following information:

                Tell us the title and describe the role of each individual who
reports to your Chief
              Operating Decision Maker ("CODM").

                Tell us how often the CODM meets with his direct reports, the
financial information
              the CODM reviews to prepare for those meetings, the financial
information discussed
              in those meetings, and who else attends those meetings.

                Tell us who, if anyone, is held accountable for the product
lines within Hard Parts
              and the titles and roles of the persons these individuals report
to in the organization.

                Describe the information regularly provided to the CODM and how
frequently it is
              prepared.

                Describe the information regularly provided to the Board of
Directors and how
              frequently it is prepared.

                Explain how budgets are prepared, who approves the budget at
each step of the
              process, the level of detail discussed at each step, and the
level at which the CODM
              makes changes to the budget.

                Describe the level of detail communicated to the CODM when
actual results differ
              from budgets and who is involved in meetings with the CODM to
discuss budget-to-
              actual variances.

                Describe the basis for determining the compensation for each of
the individuals that
              report to the CODM.

                Considering the significance of the rotating electrical, wheel
hub, and brake-related
              sales in relation to your Test Solutions and Diagnostic Equipment
and Heavy Duty
 David Lee
Motorcar Parts of America, Inc.
March 29, 2023
Page 3
              operating segments, explain why, if true, the CODM regularly
reviews the less
              significant operating segments but not the more significant Hard
Parts product lines.

       In closing, we remind you that the company and its management are
responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review,
comments, action or
absence of action by the staff.

      You may contact Stephany Yang at (202) 551-3167 or Andrew Blume at (202)
551-
3254 with any questions.

FirstName LastNameDavid Lee                                    Sincerely,
Comapany NameMotorcar Parts of America, Inc.
                                                               Division of
Corporation Finance
March 29, 2023 Page 3                                          Office of
Manufacturing
FirstName LastName

```

### Attached PDF Documents

**Attachment 1:** `filename1`

![img-0.jpeg](img-0.jpeg)

CORPORATION FINANCE

# UNITED STATES  
SECURITIES AND EXCHANGE COMMISSION  
WASHINGTON, D.C. 20549

March 29, 2023

David Lee  
Chief Financial Officer  
Motorcar Parts of America, Inc.  
2929 California Street  
Torrance, CA 90503

**Re: Motorcar Parts of America, Inc.  
Form 10-K for the Fiscal Year Ended March 31, 2022  
Filed June 14, 2022  
File No. 001-33861**

Dear David Lee:

We have limited our review of your filing to the financial statements and related disclosures and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure.

Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response.

After reviewing your response to these comments, we may have additional comments.

Form 8-K furnished February 9, 2023

Exhibit 99.1

1. We note you provide a range of forward-looking EBITDA and adjusted EBITDA for fiscal 2023 without providing reconciliations to the most directly comparable GAAP measure or a statement that providing such reconciliations requires unreasonable efforts. In future filings, please provide reconciliations to the most directly comparable GAAP measure. If all of the information necessary for the reconciliations is not available without unreasonable efforts, identify and disclose the information that is unavailable and its probable significance. Also present the most directly comparable GAAP measure with equal or greater prominence. Refer to Item 10(e)(1)(i) of Regulation S-K and Questions 102.10(a), 102.10(b), and 103.02 of the Staff’s Compliance and Disclosure Interpretations on Non-GAAP Financial Measures.

Form 10-K for the Fiscal Year Ended March 31, 2022

David Lee
Motorcar Parts of America, Inc.
March 29, 2023
Page 2

# Note 2. Summary of Significant Accounting Policies
Segment Reporting, page F-7

2. We have reviewed your response to comment 1 and note that your Hard Parts operating segment consists of rotating electrical products, wheel hub products, brake-related products, and turbochargers. We further note that you quantify net sales for the first three product categories on page F-27 and that each category significantly contributed to your net sales. In addition, we note from recent earnings call transcripts that management appears to monitor gross margins of these product lines and that the product categories have different gross margin profiles. As an example, during the second quarter earnings call held November 9, 2022, management indicated that brake-related gross margins currently "are lower than some of the legacy products." Please tell us how you determined that none of the Hard Parts product lines represent operating segments. In doing so, ensure that you provide us with the following information:

- Tell us the title and describe the role of each individual who reports to your Chief Operating Decision Maker ("CODM").
- Tell us how often the CODM meets with his direct reports, the financial information the CODM reviews to prepare for those meetings, the financial information discussed in those meetings, and who else attends those meetings.
- Tell us who, if anyone, is held accountable for the product lines within Hard Parts and the titles and roles of the persons these individuals report to in the organization.
- Describe the information regularly provided to the CODM and how frequently it is prepared.
- Describe the information regularly provided to the Board of Directors and how frequently it is prepared.
- Explain how budgets are prepared, who approves the budget at each step of the process, the level of detail discussed at each step, and the level at which the CODM makes changes to the budget.
- Describe the level of detail communicated to the CODM when actual results differ from budgets and who is involved in meetings with the CODM to discuss budget-to-actual variances.
- Describe the basis for determining the compensation for each of the individuals that report to the CODM.
- Considering the significance of the rotating electrical, wheel hub, and brake-related sales in relation to your Test Solutions and Diagnostic Equipment and Heavy Duty

David Lee
Motorcar Parts of America, Inc.
March 29, 2023
Page 3

operating segments, explain why, if true, the CODM regularly reviews the less significant operating segments but not the more significant Hard Parts product lines.

In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.

You may contact Stephany Yang at (202) 551-3167 or Andrew Blume at (202) 551-3254 with any questions.

Sincerely,

Division of Corporation Finance
Office of Manufacturing