Lev Peker
About Lev Peker
Independent director since August 4, 2023; age 43. CPA with MBA from UCLA Anderson and BS in Accounting from USC. Automotive/retail operator with prior CEO roles; currently CEO of PartsiD (automotive aftermarket e‑commerce) since April 2023. Board determined he is independent under Nasdaq rules and an Audit Committee financial expert; chairs the Audit Committee and serves on the Compensation Committee .
Past Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| PartsiD | Chief Executive Officer | Apr 2023–present | Automotive aftermarket e‑commerce platform |
| CarLotz (merged with Shift Technologies) | Chief Executive Officer | Apr 2022–Dec 2022 | Led nationwide used car consignment retailer |
| CarParts.com | Chief Executive Officer | 2019–2022 | Drove revenue growth, EBITDA improvement, +500% market cap increase |
| Adorama; Sears Holdings; US Auto Parts | Various executive roles | Prior to 2019 | Retail/auto e‑commerce operations and finance |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| PartsiD | Chief Executive Officer | Apr 2023–present | Operator experience relevant to audit and compensation oversight |
| Various public/private orgs | Board service (unspecified) | Not disclosed | Press note: served on boards; specifics not provided |
Board Governance
- Committees: Audit Committee chair; Compensation Committee member; all three members of Audit (Peker, Chen, Sheng) are independent and designated “audit committee financial experts” .
- Attendance: In FY2023 the Board held 38 meetings; in FY2024 held 20. Each director attended ≥75% of Board and committee meetings during their service period. Audit met 17 times in FY2023 and 6 times in FY2024 .
- Independence: Board determined Lev Peker is independent under Nasdaq rules; independent directors hold regular sessions .
- Appointment and governance documents: Appointed Aug 4, 2023; no related person transactions reported; entered standard D&O indemnification agreement .
Fixed Compensation
| Component | Amount | Applicability to Peker |
|---|---|---|
| Annual Board cash retainer | $50,000 | Yes, as a non‑employee director |
| Lead Independent Director retainer | $20,000 | Only if serving in role (not disclosed for Peker) |
| Audit Committee member | $10,000 | Committee member fee; Peker is Chair (see chair premium below) |
| Compensation Committee member | $6,250 | Yes, Peker serves as member |
| Nominating & Corporate Governance member | $5,000 | Only if disclosed (not disclosed for Peker) |
| Finance & Investments member | $5,000 | Only if disclosed (not disclosed for Peker) |
| Audit Committee chair premium | $15,000 | Yes, Peker is Audit Chair |
| Compensation Committee chair premium | $10,000 | Not applicable (Mr. Sheng is chair) |
| Per‑meeting fee beyond 15 meetings/year | $1,500 per meeting; monthly cap $20,000 | Applies if meeting count exceeds threshold |
Based on disclosed roles, Peker’s recurring cash fees align with: Board retainer ($50,000) + Audit Chair premium ($15,000) + Compensation Committee member ($6,250) = $71,250, excluding any per‑meeting fees and other committee roles not disclosed .
Performance Compensation
| Element | Value/Structure | Notes |
|---|---|---|
| Annual RSU Award | $150,000 grant date fair value | Non‑employee director program awards annual RSUs |
| RSU vesting mechanics | Time‑based; committee discretion per plan | 2021 Plan allows RSUs subject to time or performance measures; vesting defined in award agreements |
| Options/SARs for directors | Permitted under plan | Plan permits options/SARs; repricing allowed without stockholder approval (governance risk) |
Outstanding Director RSUs
| Director | Outstanding & unvested RSUs (12/31/2024) |
|---|---|
| Lev Peker | 37,594 |
Historical Equity Awards (2021 Plan lifetime, through 8/6/2025)
| Name | Stock Options | RSUs | PSUs |
|---|---|---|---|
| Lev Peker, Director | — | 60,404 | — |
Other Directorships & Interlocks
- Current public company directorships: None disclosed in filings; press materials note board service at various organizations without specifics .
- Related party transactions: None involving Lev Peker required to be disclosed at appointment; Audit Committee oversees related party review .
Expertise & Qualifications
- CPA; MBA (UCLA Anderson); BS Accounting (USC Marshall) .
- Audit committee financial expert designation; deep operating experience in automotive e‑commerce and retail turnarounds .
Equity Ownership
| Item | Detail |
|---|---|
| Beneficial ownership (Class A) | 60,405 shares; less than 1% of class |
| Shares outstanding reference | 147,204,145 Class A shares outstanding as of Aug 6, 2025 |
| Ownership actions | To the Company’s knowledge, has not sold shares since going public |
| Unvested RSUs (12/31/2024) | 37,594 RSUs outstanding and unvested |
Governance Assessment
-
Strengths:
- Independence and financial expertise; serves as Audit Chair; Audit Committee explicitly oversees financial reporting, internal controls, related‑party transactions, risk and cybersecurity topics .
- Documented attendance (≥75%) and active committee cadence (Audit met 17x in 2023; 6x in 2024), indicating engagement .
- Director pay mix emphasizes equity ($150,000 RSU vs ~$71,250 cash for disclosed roles), aligning incentives with shareholders .
- No related‑party transactions at appointment; standard indemnification agreement .
-
Watch items / red flags:
- 2021 Plan permits option/SAR repricing without stockholder approval, which is generally shareholder‑unfriendly; continued monitoring of equity award practices warranted .
- Meeting fees above 15/year can create optics of incentivizing excessive meetings; mitigated by monthly cap .
Net, Peker’s independence, audit leadership and equity‑heavy compensation structure support board effectiveness and alignment; plan‑level repricing permission is a governance risk to monitor .