-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TzxhTm1akHw+zQ5WKi7CKMoEjHkPzxB3yF2OTd0p6pvzwDYiyjhcgKkykMoT+sUg QrUjmkcZAsqmGKsbppTGFw== 0000950129-06-000970.txt : 20060203 0000950129-06-000970.hdr.sgml : 20060203 20060203171346 ACCESSION NUMBER: 0000950129-06-000970 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20060203 DATE AS OF CHANGE: 20060203 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MOTORCAR PARTS AMERICA INC CENTRAL INDEX KEY: 0000918251 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690] IRS NUMBER: 112153962 STATE OF INCORPORATION: NY FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-44585 FILM NUMBER: 06578831 BUSINESS ADDRESS: STREET 1: 2929 CALIFORNIA STREET CITY: TORRANCE STATE: CA ZIP: 90503 BUSINESS PHONE: 3109724057 MAIL ADDRESS: STREET 1: 2929 CALIFORNIA STREET CITY: TORRANCE STATE: CA ZIP: 90503 FORMER COMPANY: FORMER CONFORMED NAME: MOTORCAR PARTS & ACCESSORIES INC DATE OF NAME CHANGE: 19940128 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MARKS MEL CENTRAL INDEX KEY: 0000938945 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: C/O MOTORCAR PARTS & ACCESSORIES INC STREET 2: 144 WOODBURY ROAD CITY: WOODBURY STATE: NY ZIP: 11797 BUSINESS PHONE: 5163672610 MAIL ADDRESS: STREET 1: 144 WOODBURY ROAD CITY: WOODBURY STATE: NY ZIP: 11797 SC 13D/A 1 a17010a3sc13dza.htm MEL MARKS FOR MOTORCAR PARTS OF AMERICA, INC. sc13dza
 

     
 
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No. 3 )*

MOTORCAR PARTS OF AMERICA, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
620071100
(CUSIP Number)
MEL MARKS, c/o Motorcar Parts of America, Inc.
2929 California St.,
Torrance, CA 90503
(310) 2127910
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
January 17, 2006
(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

 
 


 

                     
CUSIP No.
 
620071100 
  Page  
 
  of   
 

 

           
1   NAMES OF REPORTING PERSONS:

Mr. Mel Marks
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):
 
   
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY:
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS):
   
  PF
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e):
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  United States
       
  7   SOLE VOTING POWER:
     
NUMBER OF   1,935,000
       
SHARES 8   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   -0-
       
EACH 9   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   1,935,000
       
WITH 10   SHARED DISPOSITIVE POWER:
     
    -0-
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  1,935,000
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
   
  23.6%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  IN

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1.   SECURITY AND ISSUER.
 
    This Amendment No. 3 to Schedule 13D (the “Statement”) is filed by Mel Marks in his individual capacity. This Statement relates to the common stock, par value $0.01 per share of Motorcar Parts of America, Inc., a New York corporation (the “Issuer”) and replaces the Statements on Schedule 13D previously filed by Mel Marks with respect to the Issuer as well as prior amendments thereto. The address of the Issuer’s principal executive offices is 2929 California Street, Torrance, California 90503.
 
2.   IDENTITY AND BACKGROUND.
 
    Mel Marks founded the Issuer in 1968 and currently serves as a director and consultant. The principal business address of Mel Marks is 2929 California Street, Torrance, California 90503. Mel Marks is a United States citizen.
 
    Mel Marks has not, during the past five years, been named or convicted in any criminal proceeding excluding traffic violations or similar misdemeanors.
 
    Mel Marks has not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction which resulted in a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to federal or state securities laws or finding any violation with respect to such laws.
 
3.   SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
 
    Not Applicable.
 
4.   PURPOSE OF TRANSACTION.
 
    Mr. Marks acquired the majority of his common stock as a founder of the Issuer. Additional shares were acquired in September 2001. He has held his shares for investment purposes.
 
    Mr. Marks has determined to operate individually and not in concert with any other person for the purpose of making decisions respecting the voting or sale of his MPAA securities.
 
    He may at any time and from time to time acquire additional Common Stock through the exercise of options issued by MPAA and/or dispose of any or all of his Common Stock depending upon his ongoing evaluation of the investment in the Issuer, prevailing market conditions, other investment opportunities, his own liquidity requirements and/or other investment considerations.
 
    He may also, consistent with his estate planning objectives, sell or dispose of significant

3


 

    portions of his MPAA Common Stock in order to diversify his holdings, satisfy estate planning considerations, and provide for his heirs. Pursuant thereto, he anticipates selling his MPAA shares to the extent allowed by SEC Rule 144.
 
    Pursuant to a Rule 10b5-1 Plan filed with the Issuer by Mel Marks, he may sell in any calendar quarter up to 80,000 shares of the Issuer’s common stock up to a total of 280,000 shares for the period ending January 15, 2007. In so acting, Mr. Marks will be operating independently and not in concert with his son, Richard Marks. Mel Marks disclaims any beneficial interest in shares owned, held or controlled by Richard Marks.
 
    In accordance with his position as director, consultant and shareholder of the Issuer, Mel Marks may engage in communications with one or more shareholders of the Issuer, one or more officers of the Issuer and/or one or more of the board of directors of the Issuer and/or one or more representatives of the Issuer regarding the business and affairs of the Issuer.
 
    He may also discuss with others ideas that, if effected may result in any of the following: the acquisition by persons of additional Common Stock of the Issuer, an extraordinary corporate transaction involving the Issuer, and/or changes in the board of directors or management of the Issuer.
 
    Except to the extent the foregoing may be deemed plans or proposals, Mel Marks does not have any plans or proposals which relate to, or could result in, any of the matters referred to in paragraphs (a) through (j), inclusive, of the instructions to Item 4 of Schedule 13D. He may, at any time and from time to time, review or reconsider his position and/or change his purposes and/or formulate plans or proposals with respect thereto.
 
5.   INTEREST IN SECURITIES OF THE ISSUER.
 
    Mel Marks is presently the beneficial owner of 1,935,000 shares of the Issuer’s common stock and has the power to vote and direct the disposition of said shares. This represents 23.6% of the outstanding Common Stock of the Issuer. These percentages are based on the calculation that there were 8,208,955 shares of MPAA common stock issued and outstanding as of December, 2005.
 
    In January 2006, Mel Marks pursuant to a Rule 10b5-1 Plan sold in open market transactions through Wachovia Securities 40,000 shares of the Issuer’s common stock at prices approximating $10.17 per share.

4


 

6.   CONTRACTS, ARRANGEMENT, UNDERSTANDING OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER
 
    Mel Marks, as a director and consultant to the Issuer, is the owner of 6,000 options for the Issuer’s Common Stock exercisable at various prices between $1.13 and $3.60 per share.
 
    Mel Marks incorporates by reference the most recent MPAA Form 10-K and Proxy Statements for further information concerning his contracts with MPAA.
 
7.   MATERIAL TO BE FILED AS EXHIBITS
 
    A.          Rule 10b5-1 Plan executed by Mel Marks.
SIGNATURES
     After reasonable inquiry and to the best of his knowledge and belief, the undersigned certifies that the information set forth in this Statement is true, complete and correct.
         
Dated: February   3  , 2006
  /s/ MEL MARKS
 
   
 
  MEL MARKS    

5

EX-99.A 2 a17010a3exv99wa.txt EXHIBIT A WACHOVIA SECURITIES, LLC RULE 10b5-1 TRADING PLAN (STOCK ONLY) This trading plan is entered into on November 20, 2005, between the undersigned to sell common stock of Motorcar Parts of America, Inc (Company). A. IMPLEMENTATION -------------- 1. You appoint us as your agent to sell these shares as described below and in compliance with Rule 10b5-1(c)(1) of the Securities Exchange Act of 1934, and we accept that appointment. As your agent, we are authorized to take any actions needed to implement this trading plan. 2. We will not execute any sales until after January 15, 2006. We will cease selling shares on the earlier of January 15, 2007, or the date that the total number of shares sold is 280,000. Under no circumstances will the plan trading period be longer than two (2) years. 3. We will not sell these shares if we identify a market disruption, banking moratorium, or other crisis that could affect our ability to sell. 4. If we cannot sell shares on any particular transaction day, then (select one): [X] We may sell such shares as soon as practicable on the immediately succeeding transaction day; however, in no event may such shares be sold later than the fourth business day after that particular transaction day. [ ] Our obligation to sell shares on that particular transaction day will be satisfied. If any type of shortfall exists after the close of trading on the last transaction day of the plan trading period, then our authority to sell such shares will terminate. 5. Any daily trade amount or minimum sale price will be adjusted automatically and proportionately to take into account a stock split, reverse stock split or stock dividend. B. SALE OF STOCK ------------- 1. You will deliver 280,000 shares of common stock (except shares underlying options) into an account with us, filed in your name. 2. A transaction day is (select one): [X] Any day that the exchange where these shares are traded is open; [ ] (insert any other criteria or condition)______________________________ ______________________________________________________________________ 3. We will sell these shares on each transaction day, subject to the following pricing restrictions (select one): [X] We will not sell any shares at a price of less than $10.00 per share (before deducting commissions and other expenses of sale); [ ] No pricing restrictions; or [ ] (insert any other pricing restrictions) 4. We will sell the following number of shares on each transaction day (select one): [ ] ____________ shares; [X] (insert any other criteria or conditions) No more than 40,000 shares until the end of January 2006. No more than 80,000 shares thereafter per calendar quarter. C. RESTRICTED STOCK ---------------- 1. If these shares are restricted stock under Rule 144 of the Securities Act of 1933, you will complete and deliver to us a Rule 144 Seller's Representation Letter (attached as Exhibit A) and a Form 144 on request. Form 144 will contain the following footnote: "The shares covered by this Form 144 are being sold pursuant to a Rule 10b5-1 trading plan dated November 20, 2006, and the representation below regarding the seller's knowledge of material information is as of the adoption of that plan." We will file Form 144 on your behalf for shares sold under this trading plan. 2. You represent that these shares are eligible for sale under Rule 144, and you agree that you will not do anything that would make them ineligible. Any volume limitations under Rule 144 must be complied with at the time of sale. If you have taken action to sell other securities of the Company, then you must notify us. Such sales may preclude us from selling under this plan. D. YOUR REPRESENTATIONS TO US 1. You are not aware of any inside information concerning the Company, and if you later become aware of such information, you will not communicate the information to us. You are entering into this plan in good faith, with no intent to evade compliance with the securities laws. 2. These shares are not subject to any liens or other limitations on sale other than those that may be imposed by Rule 144 under the Securities Act of 1933. 3. You will notify us as soon as possible if an event occurs that would prohibit any sale of these shares (such as a legal, accounting, or regulatory restriction, a change in control of the Company, or a recapitalization of the Company's stock). Such notes must indicate the duration of the restriction, but must not include any information that would violate insider trading laws. 4. This trading plan does not violate (a) any law, (b) any agreement binding on you, or (c) any judgment, order or decree of any governmental body, agency or court having jurisdiction over you. 5. You will make no other arrangement involving these shares. 6. You will promptly file as required under Sections 13(d), 13(g) and 16 of the Securities Exchange Act of 1934. 7. Except as specified in Section 8 of this plan, you do not have, and will not attempt to exercise, any influence over sales under this plan. 8. You have given the Company an opportunity to review this plan. The Company has acknowledged the existence of this plan and that it does not violate any insider trading policy of the Company. 9. You have consulted with your own advisors on legal, tax, business, or financial aspects of this plan and have not relied on us in connection with adopting it. 10. You will notify us immediately in writing if any of these representations becomes false. E. TERMINATION 1. This trading plan will be terminated by: a. Completion of all sales contemplated under this plan; or b. Either of us at any time, with at least thirty (30) days' written notice; or c. Our receipt of a notice regarding (i) an event that would prohibit or restrict sales, (ii) your bankruptcy or insolvency, or (iii) your death. Any termination under subsection (b) or (c) of this section will require you to enter into a new Rule 10b5-1 plan with us to continue your trading arrangement. 2. Whenever you do not have insider information about the Company, you can modify this agreement by executing a new Rule 10b5-1 trading plan. F. INDEMNIFICATION; LIMITATION OF LIABILITY 1. You agree to indemnify and hold harmless us, and our directors, officers, employees, agents and affiliates, against any claims (including any expenses we incur) with respect to any lawsuit, investigation, or other proceeding based on the transactions contemplated under this plan, except for expenses incurred by you as a result of our gross negligence or willful misconduct. This indemnification will survive termination of the plan. 2. Neither we nor any of our directors, officers, employees, agents or affiliates will be liable to you or any other person or entity: a. As a result of actions taken or not taken by any of us under this plan, except in the case of our gross negligence or willful misconduct. b. For special, indirect, punitive, exemplary or consequential damages, or incidental losses or damages of any kind; or c. For any failure to perform, or to cease performance, that results from a circumstance beyond our control. G. GENERAL 1. You will pay us $___________ per share sold. 2. In addition to the General Account Agreement and Disclosure Document, this trading plan constitutes the entire agreement between us and supersedes any previous agreements or understandings. If the terms of this plan conflict with the terms of the General Account Agreement and Disclosure Document, this plan will govern. 3. You may not assign or delegate your rights and obligations under this plan without our written permission. We may assign this trading plan to our affiliates with written notice to you. 4. You and the Company will provide all notices to us either by facsimile at 949-759-4548 or by certified mail at the following address: Wachovia Securities, LLC 620 Newport Ctr Dr. Suite 1600, Newport Beach CA 92660 Attn: Raymond Crandal 5. This plan may be signed in counterparts, each of which will be an original, with the same effect as if the signatures on all counterparts were on the same document. 6. If any provision of this plan becomes inconsistent with any applicable law or regulation, that provision will be modified or rescinded as needed to comply with the law or regulation. All other provisions will remain in effect. 7. This trading plan will be governed by the laws of the Commonwealth of Virginia, exclusive of its choice of law rules. IN WITNESS WHEREOF, we have entered into this trading plan as of the date written above. CLIENT WACHOVIA SECURITIES, LLC Signature: /s/ Mel Marks By: ---------------------------- ----------------------------------- Print Name: MEL MARKS Print Name: --------------------------- --------------------------- Title: Financial Advisor By: ----------------------------------- Print Name: --------------------------- Title: Branch Manager Acknowledged by: ----------------------- (Name of Company) By: ----------------------------------- Print Name: ---------------------------- Title: --------------------------------- EXHIBIT A FORM OF RULE 144 SELLER REPRESENTATION LETTER First Clearing, LLC Date: 12/20/2005 (mm/dd/yyyy) 10700 Wheat First Drive Post Office Box 6600 Glen Allen, Virginia 23058-6600 Ladies and Gentlemen: In connection with my request that you sell for my account, under a Rule 10b5-1 trading plan, securities of MPAA (the "Company"), I represent to you that: 1. If the securities are considered "restricted" under Rule 144, at least one year has elapsed since I acquired the securities from the Company. If I purchased the securities, they have been fully paid for at least one year. 2. I have provided you with a Form 144 Notice of Proposed Sale of Securities pursuant to Rule 144, which you will file on my behalf with the SEC before or when you place any order to sell. All statements that I have made and information on the form are true and correct in all respects. 3. I will not make any payment except to you in connection with the execution of an order to sell, and you will receive from me normal brokers' commission. 4. I have not directly or indirectly pursued orders to buy in connection with the proposed sale, and I will not do so. 5. I do not intend to sell additional securities of the same class through any other means, either individually or as part of a group. 6. During the past three months, the amount of securities of the same class sold by all "persons," as defined in Rule 144, whose sales are required to be taken into consideration was zero. This amount does not exceed the greater of either (a) or (b) below: a. One percent (1%) of the total outstanding class of shares of the Company's stock. b. The average weekly trading volume of the Company's stock on all national securities exchanges (Nasdaq included) during the four weeks preceding the filing of my Form 144 notice with the SEC. 7. I believe that the Company has complied with the reporting requirements of Rule 144. 8. I understand that the transfer agent's delay in transferring the securities may delay the payment of the proceeds of the sale. 9. I consent to First Clearing, LLC communicating and conferring with the Company, its attorney, and its transfer agent in connection with my order, and I understand that the proceeds of sale may not be paid until the securities have been transferred into the name of First Clearing, LLC. 10. I understand that in effecting the sale of securities in this manner, you are relying on the truth and accuracy of the information in this letter and in my Form 144 notice. I agree to indemnify and hold harmless you and your affiliates, including your respective officers, directors, employees, agents and assigns, against any claims (including legal fees) incurred by you or your affiliates arising out of the sale and transfer of the securities. /s/ Mel Marks --------------------------- Signature 5571-0968 --------------------------- Account Number
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