Motorcar Parts of America to Ring Nasdaq Closing Bell

Rhea-AI Summary

Motorcar Parts of America (Nasdaq: MPAA) will preside over the Nasdaq Closing Bell ceremony on May 22, 2024, at 4:00 p.m. Eastern time at the Nasdaq MarketSite in New York City. The ceremony celebrates the company's 30-year history on Nasdaq and its leadership in the automotive aftermarket industry. Selwyn Joffe, chairman, president, and CEO, will lead the ceremony, which can be viewed online from 3:45 p.m. Eastern time. Upcoming corporate events include the Jefferies Automotive Conference on May 23, 2024, in New York, a fiscal 2024 year-end conference call the week of June 10, and Oppenheimer's 24th Annual Consumer Growth and E-Commerce Conference (virtual) on June 12, 2024.

Positive

• Celebration of 30-year history on Nasdaq.
• Participation in Nasdaq Closing Bell ceremony enhances visibility.
• Upcoming presence at prestigious conferences (Jefferies Automotive, Oppenheimer's Annual).
• Engagement in fiscal 2024 year-end conference call signals transparency.

Negative

• No direct mention of recent financial performance or growth metrics.
• Upcoming events and ceremonies could increase administrative costs.
• Potential pressure to meet high expectations set by leadership statements.

LOS ANGELES--(BUSINESS WIRE)-- Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced Selwyn Joffe, the company’s chairman, president and chief executive officer, and senior members of its leadership team will preside over the Nasdaq Closing Bell ceremony at 4:00 p.m. Eastern time on Wednesday, May 22, 2024.

The ceremony will be held in the broadcast studio of the Nasdaq MarketSite located at 4 Times Square, 43^rd Street and Broadway, in New York City. The ceremony can be viewed via the link below beginning at approximately 3:45 p.m. Eastern time: https://www.nasdaq.com/marketsite/bell-ringing-ceremony

“The closing bell ceremony is an opportunity to showcase our company’s 30-year history on Nasdaq and its leadership position within the automotive aftermarket industry,” said Selwyn Joffe, chairman, president and chief executive officer of Motorcar Parts of America.

“Our mission is to be the global leader for parts and solutions that move our world today and tomorrow, and we look forward to the next 30 years -- driven by industry-leading quality products, capacity and service,” Joffe added.

Additional Upcoming Corporate Events, include:

• Jefferies Automotive Conference on May 23, 2024 in New York.
• The company’s fiscal 2024 year-end conference call the week of June 10, with a formal announcement and details the prior week.
• Oppenheimer's 24^th Annual Consumer Growth and E-Commerce Conference (virtual) on June 12, 2024.

About Motorcar Parts of America

Motorcar Parts of America, Inc. is a remanufacturer, manufacturer, and distributor of automotive aftermarket parts -- including alternators, starters, wheel bearings and hub assemblies, brake calipers, brake pads, brake rotors, brake master cylinders, brake power boosters, turbochargers, and diagnostic testing equipment utilized in imported and domestic passenger vehicles, light trucks, and heavy-duty applications. Its products are sold to automotive retail outlets and the professional repair market throughout the United States, Canada, and Mexico, with facilities located in California, New York, Mexico, Malaysia, China and India, and administrative offices located in California, Tennessee, Mexico, Singapore, Malaysia, and Canada. In addition, the company’s electrical vehicle subsidiary designs and manufactures testing solutions for performance, endurance, and production of multiple components in the electric power train – providing simulation, emulation, and production applications for the electrification of both automotive and aerospace industries, including electric vehicle charging systems. Additional information is available at www.motorcarparts.com.

Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for certain forward-looking statements. The statements contained in this press release that are not historical facts are forward-looking statements based on the company’s current expectations and beliefs concerning future developments and their potential effects on the company. These forward-looking statements involve significant risks and uncertainties (some of which are beyond the control of the company) and are subject to change based upon various factors. Reference is also made to the Risk Factors set forth in the company’s Form 10-K Annual Report filed with the Securities and Exchange Commission (SEC) in June 2023 and in its Forms 10-Q filed with the SEC for additional risks and uncertainties facing the company. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240514524937/en/

Gary S. Maier

Vice President, Corporate Communications & IR

(310) 972-5124

Source: Motorcar Parts of America, Inc.

FAQ

What is the significance of Motorcar Parts of America ringing the Nasdaq Closing Bell on May 22, 2024?

The ceremony celebrates Motorcar Parts of America's 30-year history on Nasdaq and showcases its leadership in the automotive aftermarket industry.

When and where will the Nasdaq Closing Bell ceremony for MPAA take place?

The ceremony will take place at the Nasdaq MarketSite in New York City on May 22, 2024, at 4:00 p.m. Eastern time.

Who will lead the Nasdaq Closing Bell ceremony for Motorcar Parts of America?

Selwyn Joffe, the chairman, president, and CEO, along with senior leadership members, will lead the ceremony.

Where can I watch the Nasdaq Closing Bell ceremony for Motorcar Parts of America?

The ceremony can be viewed online starting at approximately 3:45 p.m. Eastern time via Nasdaq's MarketSite link.

What upcoming events is Motorcar Parts of America participating in?

MPAA will attend the Jefferies Automotive Conference on May 23, 2024, the fiscal 2024 year-end conference call the week of June 10, and Oppenheimer's 24th Annual Consumer Growth and E-Commerce Conference on June 12, 2024.