A maker of replacement and upgrade parts for cars, trucks, and specialty vehicles like ATVs, sold under brands including Dorman, Dayton Parts, SuperATV, and OE FIX to drivers and repair shops across North America. The company grew out of a business begun in 1918 by brothers Jack and Lew Dorman in Cincinnati, who hunted down hard-to-find auto hardware; in 1994 it merged with a similar Philadelphia venture founded by two other brothers. Fun fact: its HELP! line solves everyday headaches—like a missing clip or a broken plastic part—with ready-made fixes for mechanics and weekend DIYers alike.
Dorman Products issues $450M of 6.250% senior notes due 2034 and refinances credit facility
The notes are guaranteed by certain existing and future wholly-owned subsidiaries and are unsecured senior obligations.
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On June 16, 2026, Dorman Products issued $450 million aggregate principal amount of 6.250% senior notes due June 15, 2034.
Proceeds from the notes were used to repay all outstanding term loans under the existing credit agreement.
The company also entered into Amendment No. 3 to its credit agreement, establishing a new $800 million five-year revolving credit facility maturing June 16, 2031.
The notes include optional redemption provisions and a change of control repurchase offer at 101% of principal.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits
Dorman Products prices $450M of 6.250% senior notes due 2034 in private offering
The notes were priced at 100.000% of par, mature on June 15, 2034, and pay interest semi-annually on June 15 and December 15, starting December 15, 2026.
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On June 2, 2026, Dorman Products entered into a purchase agreement for $450 million aggregate principal of 6.250% Senior Notes due 2034.
The offering is a private placement under Rule 144A and Regulation S, and the notes are not registered under the Securities Act.
The notes will be guaranteed by Dorman's existing and future wholly-owned domestic subsidiaries that are guarantors under its credit agreement.
Net proceeds will be used to repay existing credit facility debt and for general corporate purposes; closing is expected on June 16, 2026.
8.01 Other Events · 9.01 Financial Statements and Exhibits
Dorman Products shareholders elect eight directors and approve all four proposals at 2026 annual meeting
The 2026 Annual Meeting of Shareholders was held on May 15, 2026, with 30,080,288 shares outstanding and entitled to vote as of the March 25, 2026 record date.
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All eight director nominees were elected, with votes in favor ranging from 25,940,554 (G. Michael Stakias) to 26,977,365 (Kevin M. Olsen).
Shareholders approved, on an advisory basis, the compensation of named executive officers with 26,322,500 votes in favor.
The appointment of KPMG LLP as independent registered public accounting firm for 2026 was ratified with 28,315,138 votes in favor.
The Dorman Products, Inc. 2026 Omnibus Incentive Plan was approved with 27,005,093 votes in favor.
5.07 Submission of Matters to a Vote of Security Holders
Dorman appoints Charles W. Rayfield as CFO Designate, effective Jan. 19, 2026.
Charles W. Rayfield, 46, appointed Senior Vice President, Chief Financial Officer Designate, and Treasurer effective January 19, 2026; he will become CFO on the first business day after the company files its 2025 Form 10-K.
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Rayfield's annual base salary is $525,000, with a target bonus of 75% of salary and a $350,000 sign-on cash bonus payable in March 2026, subject to prorated repayment if he leaves within 24 months.
David M. Hession will continue as CFO until the Transition Date, then serve as Advisor to the President and CEO through March 5, 2027, with base salary reduced to $50,000 and no further cash bonus participation.
Jeffrey L. Darby, previously SVP Sales & Marketing, assumes the role of Senior Vice President, Enterprise Sales, effective January 19, 2026.
The press release also announces Nathan J. Porter as SVP Chief Operations Officer, Eric B. Luftig as President Light Duty, and Steven A. Bashir as President Heavy Duty.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits