People: Motorcar Parts of America, Inc. (MPAA.O)

MPAA.O on Consolidated Issue listed on NASDAQ Global Market

5.79USD
9 Feb 2010
Price Change (% chg)

$0.01 (+0.17%)
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$5.79
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$5.85
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Volume
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$5.93
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$3.05

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Summary

Name Age Since Current Position
Joffe, Selwyn 52 2003 Chairman of the Board, President, Chief Executive Officer
Lee, David 40 2008 Chief Financial Officer
Kratz, Steven 55 2007 Chief Operating Officer
Stricker, Thomas 57 2007 Executive Vice President - Sales
Umansky, Michael 68 2005 Vice President, General Counsel, Secretary
Daly, Kevin 50 2008 Chief Accounting Officer
Marks, Mel 82 1999 Director
Gay, Philip 52 2004 Director
Borneo, Rudolph 68 2004 Director
Adelson, Scott 49 2008 Director
Miller, Duane 62 2008 Director
Mirvis, Jeffrey 46 2009 Director
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Biographies

Name Description
Joffe, Selwyn Mr. Selwyn Joffe has been Chairman of the Board of Directors, President and Chief Executive Officer of Motorcar Parts America Inc since February 2003. He has been a director of the company since 1994 and Chairman since November 1999. From 1995 until his election to his present positions, he served as a consultant to the Company. Prior to February 2003, Mr. Joffe was Chairman and Chief Executive Officer of Protea Group, Inc. a company specializing in consulting and acquisition services. From September 2000 to December 2001, Mr. Joffe served as President and Chief Executive Officer of Netlock Technologies, a company that specializes in securing network communications. In 1997, Mr. Joffe co-founded Palace Entertainment Inc., a roll-up of amusement parks and served as its President and Chief Operating Officer until August 2000. Prior to the founding of Palace Entertainment Inc., Mr. Joffe was the President and Chief Executive Officer of Wolfgang Puck Food Company from 1989 to 1996. Mr. Joffe is a graduate of Emory University with degrees in both Business and Law and is a member of the Georgia State Bar as well as a Certified Public Accountant.
Lee, David Mr. David Lee is Chief Financial Officer of Motorcar Parts of America, Inc since February 2008. Prior to this, Mr. Lee served as Vice President of Finance and Strategic Planning since January 2006, focusing primarily on financial management and strategic planning. Mr. Lee joined in February 2005 as a Director of Finance and Strategic Planning. His primary responsibilities as Chief Financial Officer are treasury, budgeting and financial management. From August 2002 until he joined in 2005, he served as corporate controller of Palace Entertainment, Inc., an amusement and waterpark organization. Prior to this, Mr. Lee held various corporate controller and finance positions for several domestic companies and served in the audit department of Deloitte LLP (formerly known as Deloitte & Touche LLP). Mr. Lee is a Certified Public Accountant. Mr. Lee earned his Bachelor of Arts degree in economics from the University of California, San Diego, and a Masters in Business Administration degree from the University of California Los Angeles Anderson School of Management.
Kratz, Steven Mr. Steve Kratz has been Chief Operating Officer of Motorcar Parts America Inc since May 2007. Prior to this, Mr. Kratz served as Vice President-QA/Engineering since 2001. Mr. Kratz joined company in April 1988. Before joining, Mr. Kratz was the General Manager of GKN Products Company, a division of Beck/Arnley-Worldparts. In addition to serving as Chief Operating Officer, Mr. Kratz heads quality assurance, research and development, engineering and information technology departments.
Stricker, Thomas Mr. Thomas Stricker has been Executive Vice President, Sales Worldwide in April 2007. Mr. Stricker held the position of Vice President Sales of company since 1989 until assuming his current position. As Vice President, Sales Worldwide, Mr. Stricker oversees all domestic and international sales.
Umansky, Michael Mr. Michael Umansky has been Vice President and General Counsel of Motorcar Parts America Inc since January 2004 and is responsible for all legal matters. His responsibilities also include the oversight of Human Resources. His additional appointment as Secretary became effective September 1, 2005. Mr. Umansky was a partner of Stroock & Stroock & Lavan LLP, and the founding and managing partner of its Los Angeles office from 1975 until 1997 and was Of Counsel to that firm from 1998 to July 2001. Immediately prior to joining company, Mr. Umansky was in the private practice of law, and during 2002 and 2003, he provided legal services to the Company. From February 2000 until March 2001, Mr. Umansky was Vice President, Administration and Legal, of Hiho Technologies, Inc., a venture capital financed producer of workforce management software. Mr. Umansky is admitted to practice law in California and New York and is a graduate of The Wharton School of the University of Pennsylvania and Harvard Law School.
Daly, Kevin Mr. Kevin Daly has been Chief Accounting Officer of Motorcar Parts America Inc since February 2008. Prior to this, Mr. Daly served as Vice President, Controller since he joined in January 2006. From May 2000 until he joined company, Mr. Daly served as Corporate Controller for Leiner Health Products Inc., a private label manufacturer of vitamins and over-the-counter pharmaceutical products based in Carson, California. From November 1994 until May 2000, Mr. Daly held various director level finance positions at Dexter Corporation. From November 1988 until October 1994, he held various positions in the finance and controller’s departments of FMC Corporation, based in Chicago, Illinois. From June 1985 to November 1988, Mr. Daly served as Controller of Bio-logic Systems Corp. Mr. Daly is a Certified Public Accountant and worked in the firm of Laventhol & Horwath from 1981 to 1985. Mr. Daly has a Bachelor of Science degree in Accounting from the University of Illinois and a Master of Business Administration degree from the University of Chicago, Booth Graduate School of Business.
Marks, Mel Mr. Mel Marks has been a consultant and director to the Motorcar Parts of America, Inc since July 1999 and he founded the company in 1968. Mr. Marks served as Chairman of the Board of Directors and Chief Executive Officer from that time until July 1999. Prior to founding company, Mr. Marks was employed for over 20 years by Beck/Arnley-Worldparts, a division of Echlin, Inc. (one of the importers and distributors of parts for imported cars), where he served as Vice President.
Gay, Philip Mr. Philip Gay joined the Board of Directors of Motorcar Parts America Inc on November 30, 2004. He chairs Audit and Ethics Committees and is a member of Compensation and Nominating and Corporate Governance Committees. Mr. Gay is currently serving as President, Chief Executive Officer and a Director of Grill Concepts, Inc., a company that operates a chain of upscale casual restaurants throughout the United States. From March 2000 until he joined Grill Concepts, Inc. in June 2004, Mr. Gay served as Managing Director of Triple Enterprises, a business advisory firm that assisted mid-cap sized companies with financing, mergers and acquisitions, franchising and strategic planning. From March 2000 to November 2001, Mr. Gay served as an independent consultant with El Paso Energy from time to time and assisted El Paso Energy with its efforts to reduce overall operating and manufacturing overhead costs. Previously he has served as chief financial officer for California Pizza Kitchen (1987 to 1994) and Wolfgang Puck Food Company (1994 to 1996), and he has held various Chief Operating Officer and Chief Executive Officer positions at Color Me Mine and Diversified Food Group from 1996 to 2000. Mr. Gay is also a Certified Public Accountant, a former audit manager at Laventhol and Horwath and a graduate of the London School of Economics.
Borneo, Rudolph Mr. Rudolph J. Borneo joined the Board of Directors of Motorcar Parts America Inc on November 3, 2004. Mr. Borneo retired from R.H. Macy’s Inc. on March 31, 2009. At the time of his retirement, his position was Vice Chairman and Director of Stores, Macy’s West, a division of R.H. Macy’s, Inc. Mr. Borneo served as President of Macy’s California from 1989 to 1992 and President of R.H. Macy’s West from 1992 until his appointment as Vice Chairman and Director of Stores in February 1995. In addition, Mr. Borneo is currently a member of the Board of Trustees of Monmouth University. Mr. Borneo is Chairman of Compensation Committee and a member of Audit, Ethics and Nominating and Corporate Governance Committees.
Adelson, Scott Mr. Scott J. Adelson has been director of the Motorcar Parts of America, Inc since April 11, 2008. Mr. Adelson is also a director of QAD Inc., a public software company, since April 2006. Mr. Adelson is a Senior Managing Director and Global Co-Head of Investment Banking for Houlihan Lokey Howard & Zukin, a international investment bank. During his 20 years with the firm, Mr. Adelson has helped advise hundreds of companies on a diverse and in-depth variety of corporate finance issues, including mergers and acquisitions. Mr. Adelson has written extensively on a number of corporate finance and securities valuation subjects. He is an active member of the Board of Directors of various middle-market businesses as well as several recognized non-profit organizations, such as the USC Entrepreneur Program. Mr. Adelson holds a bachelor degree from the University of Southern California and a Master of Business Administration degree from the University of Chicago, Graduate School of Business.
Miller, Duane Mr. Duane Miller joined the Board of Directors of Motorcar Parts America Inc on June 5, 2008. Mr. Miller is currently employed by the Genesee County Regional Chamber of Commerce as Executive Vice President. Prior to joining the Genesee County Regional Chamber of Commerce, he was employed by the City of Flint, Michigan, as the Director of Government Operations, from February 2009 to August 2009. Mr. Miller retired from General Motors Corporation in April 2008 after 37 years of service. At the time of his retirement, Mr. Miller served as executive director, GM Service and Parts Operations (“SPO”) Field Operations where he was responsible for all SPO field activities, running GM Parts (original equipment), AC Delco (aftermarket) and GM Accessories business channels, as well as SPO’s Global Independent Aftermarket. Mr. Miller served on the Board of Directors of OEConnection, an automotive ecommerce organization focused on applying technology to provide supply chain solutions and analysis. He currently serves on the Boards of Directors of McLaren Hospital in Genesee County, Michigan and the Flint/Genesee County Convention and Visitor’s Bureau. His experience also includes serving on the Board of Directors of the Urban League of Flint, Michigan, and the Boys and Girls Club of Flint, Michigan. Mr. Miller earned a Bachelor of Science degree in marketing from Western Michigan University, and attended the Executive Development Program at the University of California Berkeley Haas School of Business. Mr. Miller is a member of Audit, Compensation, Ethics and Nominating and Corporate Governance Committees.
Mirvis, Jeffrey Mr. Jeffrey P. Mirvis joined the Board of Directors of Motorcar Parts of America, Inc on February 3, 2009. Mr. Mirvis is currently the chief executive officer of MGT Industries, Inc. (“MGT”), a privately held apparel company based in Los Angeles. As chief executive officer of MGT, Mr. Mirvis successfully moved all production and sourcing to Asia. During his nine-year tenure as chief executive, Mr. Mirvis has gained knowledge of manufacturing in Asia. Prior to joining MGT in 1990, Mr. Mirvis served as a commercial loan officer at Union Bank of California following his completion of the Union Bank of California’s Commercial Lending Program. He earned a Bachelor of Arts degree in economics from the University of California at Santa Barbara. He currently serves as treasurer and a board member of Wildwood School in Los Angeles, and has been a member of the board of the Jewish Federation in Los Angeles. Mr. Mirvis is a member of Compensation Committee.

Basic Compensation

Name Fiscal Year Total
Joffe, Selwyn 1,428,130
Lee, David 269,240
Kratz, Steven 362,826
Stricker, Thomas 329,848
Umansky, Michael 508,370
Daly, Kevin 256,321
Marks, Mel 350,000
Gay, Philip --
Borneo, Rudolph --
Adelson, Scott --
Miller, Duane --
Mirvis, Jeffrey --
As Of 30 Mar 2009

Options Compensation

Name Options Value
Joffe, Selwyn 639,750 4,097,740
Lee, David 0 0
Kratz, Steven 64,100 522,785
Stricker, Thomas 0 0
Umansky, Michael 25,000 83,500
Daly, Kevin 0 0
Marks, Mel 6,000 68,490
Gay, Philip 0 0
Borneo, Rudolph 0 0
Adelson, Scott 0 0
Miller, Duane 0 0
Mirvis, Jeffrey 0 0

Insider Trading

Name Shares Traded Price
JOFFE SELWYN 30,000 $2.20
MARKS MEL 49,050 $0.00
JOFFE SELWYN 10,000 $2.20
ADELSON SCOTT JOSEPH 1,400 $5.14
LEE DAVID SUNG 1,020 $5.15
ADELSON SCOTT JOSEPH 200 $5.19
ADELSON SCOTT JOSEPH 400 $5.12
LEE DAVID SUNG 980 $5.15
ADELSON SCOTT JOSEPH 5,220 $5.15
ADELSON SCOTT JOSEPH 400 $5.10
ADELSON SCOTT JOSEPH 2,380 $5.20
JOFFE SELWYN 10,000 $3.05
BORNEO RUDOLPH J 10,000 $4.80
MARKS MEL 36,920 $0.00
DALY KEVIN GERARD 200 $3.20
DALY KEVIN GERARD 1,000 $3.35
DALY KEVIN GERARD 800 $3.16
DALY KEVIN GERARD 1,000 $3.40
DALY KEVIN GERARD 1,000 $3.00
DALY KEVIN GERARD 1,000 $3.40
MARKS MEL 200,000 $7.00
MARKS MEL 5,500 $7.00
BORNEO RUDOLPH J 10,000 $7.01
MARKS MEL 8,700 $7.05
MARKS MEL 76,039 $7.08
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