STANDARD MOTOR PRODUCTS INC
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Signatures
Index
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.
STANDARD MOTOR PRODUCTS, INC.
(Registrant)
/s/ Eric P. Sills
Eric P. Sills
Chief Executive Officer and President
/s/ Nathan R. Iles
Nathan R. Iles
Chief Financial Officer
New York, New York
February 27, 2025
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Eric P. Sills and Nathan R. Iles, jointly and severally, as his attorneys-in-fact, each with the power of substitution, for him in any and all capacities, to sign any amendments to this Annual Report on Form 10-K and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, hereby ratifying and confirming all that each of said attorneys-in-fact, or his substitute or substitutes, may do or cause to be done by virtue hereof.
Index
Pursuant to the requirements of the Securities Exchange Act of 1934, this Report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated:
| February 27, 2025 | /s/ Eric P. Sills | |
|---|---|---|
| Eric P. Sills | ||
| Chief Executive Officer and President | ||
| (Principal Executive Officer) | ||
| February 27, 2025 | /s/ Nathan R. Iles | |
| Nathan R. Iles | ||
| Chief Financial Officer | ||
| (Principal Financial and Accounting Officer) | ||
| February 27, 2025 | /s/ James J. Burke | |
| James J. Burke | ||
| Chief Operating Officer and Director | ||
| February 27, 2025 | /s/ Alejandro C. Capparelli | |
| Alejandro C. Capparelli, Director | ||
| February 27, 2025 | /s/ Pamela Forbes Lieberman | |
| Pamela Forbes Lieberman, Director | ||
| February 27, 2025 | /s/ Patrick S. McClymont | |
| Patrick S. McClymont, Director | ||
| February 27, 2025 | /s/ Joseph W. McDonnell | |
| Joseph W. McDonnell, Director | ||
| February 27, 2025 | /s/ Alisa C. Norris | |
| Alisa C. Norris, Director | ||
| February 27, 2025 | /s/ Pamela S. Puryear, Ph.D. | |
| Pamela S. Puryear, Director | ||
Index
Schedule II ‑ Valuation and Qualifying Accounts
Years ended December 31, 2024, 2023 and 2022
| Additions | |||||
|---|---|---|---|---|---|
| Description | Balance atbeginningof year | Charged tocosts andexpenses | Other | Deductions | Balance atend of year |
| Year ended December 31, 2024: | |||||
| Allowance for expected credit losses | $6,884,000 | $736,000 | $— | $3,417,000 | $4,203,000 |
| Allowance for discounts | 1,161,000 | 13,487,000 | — | 13,379,000 | 1,269,000 |
| $8,045,000 | $14,223,000 | $— | $16,796,000 | $5,472,000 | |
| Allowance for sales returns | $38,238,000 | $184,895,000 | $3,360,000(a) | $180,022,000 | $46,471,000 |
| Year ended December 31, 2023: | |||||
| Allowance for expected credit losses | $4,129,000 | $2,940,000 | $— | $185,000 | $6,884,000 |
| Allowance for discounts | 1,246,000 | 12,449,000 | — | 12,534,000 | 1,161,000 |
| $5,375,000 | $15,389,000 | $— | $12,719,000 | $8,045,000 | |
| Allowance for sales returns | $37,169,000 | $162,525,000 | $— | $161,456,000 | $38,238,000 |
| Year ended December 31, 2022: | |||||
| Allowance for expected credit losses | $4,815,000 | $6,242,000(b) | $— | $6,928,000 | $4,129,000 |
| Allowance for discounts | 1,355,000 | 13,456,000 | — | 13,565,000 | 1,246,000 |
| $6,170,000 | $19,698,000 | $— | $20,493,000 | $5,375,000 | |
| Allowance for sales returns | $42,412,000 | $152,985,000 | $— | $158,228,000 | $37,169,000 |
(a) Allowances acquired through acquisition
(b) Includes a $7 million charge relating toone of our customers that filed a petition for bankruptcy in January 2023.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.