dorm-10ka_20191228.htm
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-K/A

(Amendment No. 1)

 

(Mark One)

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the fiscal year ended December 28, 2019

 

OR

 

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from            to           

 

Commission file number 0-18914

 

 

DORMAN PRODUCTS, INC.

(Exact name of registrant as specified in its charter)

 

 

Pennsylvania

 

23-2078856

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S Employer

Identification No.)

 

3400 East Walnut Street, Colmar, Pennsylvania 18915

(Address of principal executive offices) (Zip Code)

 

(215) 997-1800

(Registrant’s telephone number, including area code)

 

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

 

                              Title of each class:                               Trading Symbol(s)

Name of each exchange on which registered:

         Common Stock, $0.01 Par Value                             DORM

The NASDAQ Global Select Market

 

Securities registered pursuant to Section 12(g) of the Act: None

 

 

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes   No

 

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Securities Act. Yes    No

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes   No  

 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).  Yes   No 

 

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer", "accelerated filer", “smaller reporting company”, and “emerging growth company” in Rule 12b-2 of the Exchange Act:

 

Large accelerated filer

 

Accelerated filer

 

 

 

 

 

Non-accelerated filer

 

Smaller reporting company

 

 

 

 

 

 

 

 

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.

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes        No

 

As of February 21, 2020 the registrant had 32,554,663 shares of common stock, $0.01 par value, outstanding. The aggregate market value of the voting and non-voting common equity held by non-affiliates of the registrant as of June 29, 2019 was $1,964,315,544.

 

DOCUMENTS INCORPORATED BY REFERENCE

 

Certain portions of the registrant's definitive proxy statement, in connection with its Annual Meeting of Shareholders, to be filed with the Securities and Exchange Commission within 120 days after December 28, 2019, are incorporated by reference into Part III of this Annual Report on Form 10-K, as amended.

 


 

 

Explanatory Note

This Amendment No.1 (the “Amendment No. 1”) to the Annual Report on Form 10-K of Dorman Products, Inc. (the “Company”) for the year ended December 28, 2019 as filed with the U.S. Securities and Exchange Commission on February 26, 2020 (the “Original Form 10-K”), is being filed for the sole purpose of correcting the Consent of Independent Registered Public Accounting Firm (the “Consent”). The original Consent incorrectly included a reference to Flight Systems Automotive Group and was filed as a result of an administrative error. A corrected Consent is filed as Exhibit 23.1 attached hereto.

Except as otherwise expressly noted herein, this Amendment No. 1 does not modify or update in any way the financial position, results of operations, cash flows, or other disclosures in, or exhibits to, the Original Form 10-K, nor does it reflect events occurring after the filing of the Original Form 10-K. Accordingly, this Amendment No. 1 should be read in conjunction with the Original Form 10-K.

In addition, as required by Rule 12b-15 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), new certifications by the Company’s principal executive officer and principal financial officer are filed herewith as exhibits to this Amendment No. 1 pursuant to Rule 13a-14(a) or 15d-14(a) of the Exchange Act. As no financial statements have been included in this Amendment No. 1 and it does not contain or amend any disclosure with respect to Items 307 or 308 of Regulation S-K, paragraphs 3, 4, and 5 of the certifications have been omitted. The Company is not including certifications pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code (18 U.S.C. 1350) as no financial statements are being filed with this Amendment No. 1.


1


 

 

Part IV

Item 15. Exhibits, Financial Statements

 

Number

 

Title

 

 

 

 

 

 

23.1 *

 

Consent of Independent Registered Public Accounting Firm.

 

 

 

31.1 *

 

Certification of Chief Executive Officer as required by Section 302 of the Sarbanes-Oxley Act of 2002.

 

 

 

31.2 *

 

Certification of Chief Financial Officer as required by Section 302 of the Sarbanes-Oxley Act of 2002.

 

 

 

104 *

 

The cover page from the Company’s Annual Report on Form 10-K as of and for the fiscal year ended December 28, 2019, formatted in Inline XBRL (embedded with the Inline XBRL Document).

 

*

Filed herewith

2


 

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

 

Dorman Products, Inc.

 

 

 

 

 

By: /s/ David M. Hession

Date: March 5, 2020

 

David M. Hession

Senior Vice President and

Chief Financial Officer

                    

 

3

dorm-ex231_6.htm

 

Exhibit 23.1

Consent of Independent Registered Public Accounting Firm

The Board of Directors
Dorman Products, Inc.:

We consent to the incorporation by reference in the registration statement (Nos. 333-157150, 333-160979, 033-52946, 333-219547, and 333-225020) on Form S-8 of Dorman Products, Inc. of our reports dated February 26, 2020, with respect to the consolidated balance sheets of Dorman Products, Inc. and subsidiaries as of December 28, 2019 and December 29, 2018, the related consolidated statements of operations, shareholders’ equity, and cash flows for each of the years in the three-year period ended December 28, 2019, and the related notes, and financial statement schedule II and the effectiveness of internal control over financial reporting as of December 28, 2019, which reports appear in the December 28, 2019 annual report on Form 10‑K of Dorman Products, Inc.

KPMG LLP

Philadelphia, Pennsylvania
February 26, 2020

 

dorm-ex311_8.htm

Exhibit 31.1

CERTIFICATION

I, Kevin M. Olsen, certify that:

1.

I have reviewed this annual report on Form 10-K/A of Dorman Products, Inc. (the “registrant”);

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report.

Date: March 5, 2020

 

/s/ Kevin M. Olsen

Kevin M. Olsen

President and Chief Executive Officer


dorm-ex312_7.htm

Exhibit 31.2

CERTIFICATION

I, David M. Hession, certify that:

1.

I have reviewed this annual report on Form 10-K/A of Dorman Products, Inc. (the “registrant”);

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report.

Date: March 5, 2020

 

/s/ David M. Hession

David M. Hession

Senior Vice President and

Chief Financial Officer

 

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Document and Entity Information - USD ($)
12 Months Ended
Dec. 28, 2019
Feb. 21, 2020
Jun. 29, 2019
Cover [Abstract]      
Document Type 10-K/A    
Amendment Flag true    
Amendment Description This Amendment No.1 (the “Amendment No. 1”) to the Annual Report on Form 10-K of Dorman Products, Inc. (the “Company”) for the year ended December 28, 2019 as filed with the U.S. Securities and Exchange Commission on February 26, 2020 (the “Original Form 10-K”), is being filed for the sole purpose of correcting the Consent of Independent Registered Public Accounting Firm (the “Consent”). The original Consent incorrectly included a reference to Flight Systems Automotive Group and was filed as a result of an administrative error. A corrected Consent is filed as Exhibit 23.1 attached hereto. Except as otherwise expressly noted herein, this Amendment No. 1 does not modify or update in any way the financial position, results of operations, cash flows, or other disclosures in, or exhibits to, the Original Form 10-K, nor does it reflect events occurring after the filing of the Original Form 10-K. Accordingly, this Amendment No. 1 should be read in conjunction with the Original Form 10-K. In addition, as required by Rule 12b-15 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), new certifications by the Company’s principal executive officer and principal financial officer are filed herewith as exhibits to this Amendment No. 1 pursuant to Rule 13a-14(a) or 15d-14(a) of the Exchange Act. As no financial statements have been included in this Amendment No. 1 and it does not contain or amend any disclosure with respect to Items 307 or 308 of Regulation S-K, paragraphs 3, 4, and 5 of the certifications have been omitted. The Company is not including certifications pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code (18 U.S.C. 1350) as no financial statements are being filed with this Amendment No. 1.    
Document Period End Date Dec. 28, 2019    
Document Fiscal Year Focus 2019    
Document Fiscal Period Focus FY    
Trading Symbol DORM    
Title of 12(b) Security Common Stock, $0.01 Par Value    
Security Exchange Name NASDAQ    
Entity Registrant Name DORMAN PRODUCTS, INC.    
Entity Central Index Key 0000868780    
Current Fiscal Year End Date --12-28    
Entity Well-known Seasoned Issuer Yes    
Entity Current Reporting Status Yes    
Entity Voluntary Filers No    
Entity Interactive Data Current Yes    
Entity Filer Category Large Accelerated Filer    
Entity Small Business false    
Entity Emerging Growth Company false    
Entity Shell Company false    
Entity File Number 0-18914    
Entity Incorporation, State or Country Code PA    
Entity Tax Identification Number 23-2078856    
Entity Address, Address Line One 3400 East Walnut Street    
Entity Address, City or Town Colmar    
Entity Address, State or Province PA    
Entity Address, Postal Zip Code 18915    
City Area Code 215    
Local Phone Number 997-1800    
Entity Common Stock, Shares Outstanding   32,554,663  
Entity Public Float     $ 1,964,315,544
Document Annual Report true    
Document Transition Report false    
Documents Incorporated by Reference

DOCUMENTS INCORPORATED BY REFERENCE

 

Certain portions of the registrant's definitive proxy statement, in connection with its Annual Meeting of Shareholders, to be filed with the Securities and Exchange Commission within 120 days after December 28, 2019, are incorporated by reference into Part III of this Annual Report on Form 10-K, as amended.