Mehran Nia letter to Board of Directors, September 9, 2024
Dear Board of Directors of CarParts.com, Inc. (Nasdaq:PRTS),
●David Meniane
●Warren B. Phelps III
●Henry Maier
●Dr. Lisa Costa
●Nanxi Liu
●Jay K. Greyson
●Jim Barnes
●Ana Dutra
I am writing to follow up on my prior communications regarding the critical issues that threaten CarParts.com's sustainability. Several weeks ago I requested the opportunity for a face-to-face meeting with the Board of Directors to discuss steps that I believe are crucial for the Company’s long-term health and prosperity. I made this request after I have been privately warning the board when the stock was as high as $15 per share all the way down to current levels, which is now under a dollar.
I received no response to my request for a meeting. I am therefore writing to advise you of my intent to nominate myself and two other candidates, as yet undetermined, for election to the Board of Directors at the 2025 annual shareholder meeting.
The bylaws indicate that the time for submitting formal nominations is between January 23, 2025 to February 22, 2025, and I intend to submit the required documentation at that time. To assure that my filing is timely, I would ask that you send me the questionnaire that must be completed by all potential board members, so that the completed questionnaire may be included with the rest of the nomination package.
Sincerely,
Mehran Nia
Co-Founder and Former CEO, CarParts.com, Inc. (Nasdaq:PRTS)
cc: Corporate Secretary
Source:
https://www.sec.gov/Archives/edgar/data/1378950/000121465924016231/r96240dfan14a.htm