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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): July 11, 2023

 

PARTS ID, INC.

(Exact name of registrant as specified in its charter)

 

Delaware   001-38296   81-3674868
(State or other jurisdiction   (Commission File Number)   (IRS Employer
of incorporation)       Identification No.)

 

1 Corporate Drive

Suite C

Cranbury, New Jersey 08512
(Address of principal executive offices, including zip code)

 

609-642-4700
(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Class A Common Stock   ID   NYSE American

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

 

Item 5.07. Submission of Matters to a Vote of Security Holders

 

On July 11, 2023, PARTS iD, Inc. (the “Company”) held its 2023 Annual Meeting of Stockholders and the Company’s stockholders voted on the following matters:

 

Election of Directors

 

The following nominees were elected to serve as Class II directors for a two-year term expiring at the 2025 Annual Meeting of Stockholders and until his successor is elected and qualified, or his earlier death, resignation or removal. The number of votes cast for and withheld from each nominee and the number of broker non-votes with respect to each nominee were as follows:

 

Name  Votes For   Votes
Withheld
   Broker
Non-Votes
 
Aditya Jha   15,974,278    12,524,861    1,379,777 
Prashant Pathak   15,950,354    12,548,785    1,379,777 
Edwin J. Rigaud   16,298,054    12,201,085    1,379,777 

 

Ratification of the Appointment of WithumSmith+Brown, PC as the Company’s Independent Registered Public Accounting Firm for 2023

 

The Company’s stockholders ratified the appointment by the Audit Committee of the Company’s Board of Directors of WithumSmith+Brown, PC as the Company’s independent registered public accounting firm for the year ending December 31, 2023 by voting as follows:

 

For   Against   Abstain   Broker Non-Votes 
 23,389,932    432,733    6,056,251    0 

 

Approval, by Non-Binding Advisory Vote, of the Compensation of the Company’s Named Executive Officers

 

The Company’s stockholders approved, by non-binding advisory vote, the compensation of the Company’s named executive officers by voting as follows:

 

For   Against   Abstain   Broker Non-Votes 
 16,305,165    12,180,257    13,717    1,379,777 

 

Approval of an Amendment and Restatement of the Company’s 2020 Equity Incentive Plan

 

The Company’s stockholders approved an amendment and restatement of the Company’s 2020 Equity Incentive Plan by voting as follows:

 

For   Against   Abstain   Broker Non-Votes 
 15,977,272    12,514,857    7,010    1,379,777 

 

Approval, by Non-Binding Advisory Vote, of the Frequency of Future Votes on the Compensation of the Company’s Named Executive Officers

 

The Company’s stockholders approved, by non-binding advisory vote, the frequency of future votes on the Company’s named executive officers by voting as follows:

 

For 1 Year   For 2 Years   For 3 Years   Abstain 
 1,951,561    9,300    14,422,653    12,115,625 

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: July 12, 2023

 

  PARTS ID, INC.
     
  By: /s/ Lev Peker
    Name:  Lev Peker
    Title: Chief Executive Officer

 

 

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Jul. 11, 2023
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Document Type 8-K
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Document Period End Date Jul. 11, 2023
Entity File Number 001-38296
Entity Registrant Name PARTS ID, INC.
Entity Central Index Key 0001698113
Entity Tax Identification Number 81-3674868
Entity Incorporation, State or Country Code DE
Entity Address, Address Line One 1 Corporate Drive
Entity Address, Address Line Two Suite C
Entity Address, City or Town Cranbury
Entity Address, State or Province NJ
Entity Address, Postal Zip Code 08512
City Area Code 609
Local Phone Number 642-4700
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Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Class A Common Stock
Trading Symbol ID
Security Exchange Name NYSEAMER
Entity Emerging Growth Company false

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