Business Context and Reporting Period
This Form 8-K reports on the 2012 Annual Meeting of Stockholders held by U.S. Auto Parts Network, Inc. (Carparts.Com, Inc.) on May 15, 2012. The record date for the meeting was March 19, 2012.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance voting results.
Material Changes and Voting Results
Stockholders voted on two proposals. A total of 28,668,374 shares were present in person or by proxy out of 30,645,764 shares entitled to vote.
Proposal 1: Election of Directors
Two Class III directors were elected to serve three-year terms until the 2015 Annual Meeting.
| Director | For | Withheld | Broker Non-Votes |
|---|---|---|---|
| Fredric W. Harman | 24,450,476 | 969,362 | 3,248,536 |
| Warren B. Phelps III | 24,450,477 | 969,361 | 3,248,536 |
Proposal 2: Ratification of Independent Auditor
Stockholders ratified the selection of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 29, 2012.
| Vote Type | Count |
|---|---|
| For | 27,684,118 |
| Against | 9,679 |
| Abstaining | 974,577 |
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Investor Verification Checklist
- Verify the definitive proxy statement dated April 2, 2012, for detailed background on the director nominees and auditor selection.
- Confirm the total share count entitled to vote (30,645,764) against the company's latest capitalization table.
- Note the significant number of broker non-votes (over 3.2 million) regarding the director election.
- Review the upcoming fiscal year end date of December 29, 2012, for future reporting schedules.