Business Context and Reporting Period
This Form 8-K Current Report is filed by CarParts.com, Inc. on May 21, 2026. The filing discloses a material modification to the rights of security holders regarding the implementation of a reverse stock split approved by stockholders at the Annual Meeting on May 11, 2026.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on corporate governance and capital structure adjustments.
Material Changes
- Reverse Stock Split: The Board of Directors approved a 1-for-10 reverse stock split.
- Effective Date: The Certificate of Amendment was filed on May 21, 2026, and will become effective at 11:59 pm Eastern Time on May 25, 2026.
- Trading Resumption: Shares will begin trading on a split-adjusted basis on the Nasdaq Capital Market on May 26, 2026.
- Share Count: Immediately following the split, approximately 8,057,806 shares of common stock will be issued and outstanding.
- Fractional Shares: No fractional shares will be issued; holdings will be rounded up to the next whole number.
- Adjustments: All outstanding stock options, convertible notes, and other securities will be proportionally adjusted.
- CUSIP Update: The new CUSIP number is 14427M206, effective May 26, 2026. The trading symbol remains PRTS.
Guidance, Outlook, and Risks
The filing does not provide financial guidance, management commentary on future operations, or specific risk factors beyond the standard disclosure that the discussion is qualified by the full text of the Certificate of Amendment. The primary purpose is to notify the market of the impending change in share structure.
Investor Verification Checklist
- Verify the new CUSIP number (14427M206) with your broker to ensure proper account adjustment.
- Confirm the exact number of shares held post-split, noting that fractional shares are rounded up.
- Check the status of any outstanding stock options or convertible notes to ensure they have been proportionally adjusted.
- Monitor trading activity on May 26, 2026, for the commencement of split-adjusted trading.