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EX-4.1 - MK Automotive, Inc.v211421_ex4-1.htm
EX-32.1 - MK Automotive, Inc.v211421_ex32-1.htm
EX-31.2 - MK Automotive, Inc.v211421_ex31-2.htm
EX-31.1 - MK Automotive, Inc.v211421_ex31-1.htm



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 10-Q
 
(Mark One)
 
ý                 QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
For the quarter ended December 31, 2010
 
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:  000-53911
 
MK AUTOMOTIVE, INC.
(Exact Name of Registrant as Specified in Its Charter)
 
Nevada
(State or Other Jurisdiction of
Incorporation or Organization)
 
43-1965656
(I.R.S. Employer
Identification No.)
     
5833 West Tropicana Avenue
Las Vegas, Nevada
(Address of principal executive offices)
 
89103
(Zip Code)
 
(702) 227-8324
(Registrant’s Telephone Number, Including Area Code)
 
N/A
(Former Name, Former Address and Former Fiscal Year,
If Changed Since Last Report
 
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.    ý Yes   ¨ No
 
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  ý Yes   ¨ No
 
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.
 
Large accelerated filer ¨
Accelerated filer ¨
Non-accelerated filer ¨
Smaller reporting company ý
 
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act)  ¨ Yes   ý No
 
There were 29,847,100 shares of issuer’s Common Stock outstanding as of December 31, 2010.
 




SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
 
This report contains forward-looking statements.  These statements relate to future events or our future financial performance.  In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of such terms or other comparable terminology.  Forward-looking statements are speculative and uncertain and not based on historical facts.  Because forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements.  These uncertainties and other factors are more fully described under Part I, Item 1A of the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on July 6, 2010 and include:
 
 
·
the continued availability of key personnel
 
·
consumer acceptance of franchised operations in the automotive repair business
 
·
location and appearance of owned and franchised outlets
 
·
availability and cost of qualified automotive technicians
 
·
ability to attract and retain qualified technicians, managers and franchisees
 
Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements, and you are advised to consult any further disclosures made on related subjects in our future filings.
 


 
TABLE OF CONTENTS
   
Page
PART I
Item 1.
Financial Statements
1
Item 2.
Management’s Discussion and Analysis of Financial Condition
 
 
and Results of Operations
5
Item 3.
Quantitative and Qualitative Disclosures about Market Risk
7
Item 4.
Controls and Procedures
7
   
 
PART II
Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds
7
Item 6.
Exhibits
7


 
 
 

 

PART I
 
Item 1.  Financial Statements.
 
MK Automotive, Inc.
Balance Sheets
(Unaudited)
December 31, 2010 and March 31, 2010

   
December 31,
   
March 31,
 
ASSETS
 
2010
   
2010
 
CURRENT ASSETS
           
Cash
  $ 53,499     $ 111,658  
Accounts receivable
    32,890       28,088  
Prepaid expenses and other current assets
    48,278       35,432  
Total current assets
    134,667       175,178  
                 
PROPERTY AND EQUIPMENT
               
Building
    480,620       480,620  
Furniture, fixtures and equipment
    158,079       158,079  
      638,699       638,699  
Less - accumulated depreciation
    (219,686 )     (207,727 )
      419,013       430,972  
Land
    919,380       919,380  
      1,338,393       1,350,352  
GOODWILL
    1,218,379       1,218,379  
Total Assets
  $ 2,691,439     $ 2,743,909  
                 
LIABILITIES AND STOCKHOLDERS’ DEFICIT
               
CURRENT LIABILITIES
               
Accounts payable – trade
  $ 247,786     $ 181,032  
Accrued expenses and other current  liabilities
    153,216       209,325  
Accrued interest – related party
    223,738       214,256  
Line of credit
    97,821       103,288  
Advances from shareholders
    224,357       244,157  
Current portion of long-term debt – related party
    77,549       103,062  
Current portion of long-term debt – third party
    573,053       423,676  
Total Current Liabilities
    1,597,520       1,478,796  
                 
LONG-TERM LIABILITIES
               
Long-term debt – third party, net of current portion
    1,087,949       1,273,985  
Long-term debt – related party, net of current portion
    166,505       201,573  
Total Long-Term  Liabilities
    1,254,454       1,475,558  
Total Liabilities
    2,851,974       2,954,354  
STOCKHOLDERS’ DEFICIT
               
Common stock, $0.001 par value, 50,000,000 shares authorized; 29,847,100 shares issued and outstanding
    29,847       29,847  
Additional paid in capital
    1,991,340       1,935,784  
Accumulated deficit
    (2,181,722 )     (2,176,076 )
Total Stockholders’ Deficit
    (160,535 )     (210,445 )
Total Liabilities and Stockholders’ Deficit
  $ 2,691,439     $ 2,743,909  

The accompanying footnotes are an integral part of these unaudited financial statements.
 
 
1


 
MK Automotive, Inc.
Statements of Operations
(Unaudited)
For the Three and Nine Months ended December 31, 2010 and 2009

   
Three Months Ended
   
Nine Months Ended
 
   
December 31,
   
December 31,
 
   
2010
   
2009
   
2010
   
2009
 
                         
Net Sales
  $ 1,041,988     $ 1,078,434     $ 3,432,412     $ 3,549,786  
Cost of Goods Sold
    980,808       1,031,074       2,934,088       3,274,890  
Gross Profit
    61,180       47,360       498,324       274,896  
                                 
Selling, general and administrative expenses
                               
Salaries, wages and employee benefits
    29,831       32,688       88,808       110,078  
Advertising
    13,203       14,660       34,162       47,315  
Bank charges
    18,901       23,975       59,552       62,963  
Professional fees
    22,739       188,245       182,695       245,028  
Bad debt
    5,787       3,284       7,717       2,574  
      90,461       262,852       372,934       467,958  
                                 
Income (loss) from operations
    (29,281 )     (215,492 )     125,390       (193,062 )
                                 
Other income (expense)
                               
Interest income
    577       -       1,760       -  
Interest expense
    (49,691 )     (72,327 )     (132,796 )     (153,719 )
Total other expense
    (49,114 )     (72,327 )     (131,036 )     (153,719 )
                                 
Net loss
    (78,395 )     (287,819 )     (5,646 )     (346,781 )
                                 
Basic and diluted earnings per share
    (0.00 )     (0.01 )     (0.00 )     (0.01 )
                                 
Weighted average shares outstanding
    29,847,100       29,747,100       29,847,100       29,694,952  

The accompanying footnotes are an integral part of these unaudited financial statements.
 
2

 
MK Automotive, Inc.
Statements of Cash Flows
(Unaudited)
For the Nine Months ended December 31, 2010 and 2009

             
   
2010
   
2009
 
CASH FLOWS FROM OPERATING ACTIVITIES
           
Net loss
  $ (5,646 )   $ (346,781 )
Adjustments to reconcile net loss to net cash from operating activities:
               
Stock-based compensation
    55,556       166,667  
Depreciation
    11,959       26,824  
Changes in operating assets and liabilities:
               
Accounts receivable
    (4,802 )     (8,409 )
Prepaid expenses and other current assets
    (12,846 )     7,874  
Accounts payable - trade
    66,754       67,331  
Accrued expenses and other current liabilities
    (46,627 )     (17,036 )
Deferred income
    -       20,004  
Net cash provided (used) by operating activities
    64,348       (83,526 )
                 
CASH FLOWS FROM FINANCING ACTIVITIES
               
Proceeds from sale of stock
    -       112,100  
Payment of advances from shareholders
    (19,800 )     (25,000 )
Proceeds of shareholder loans
    30,000       -  
Proceeds (payments) on line of credit, net
    (5,566 )     7,505  
Proceeds of long-term debt
    -       50,000  
Repayments of long-term debt
    (127,141 )     (59,377 )
Net cash provided (used) in financing activities
    (122,507 )     85,228  
                 
NET INCREASE (DECREASE) IN CASH
    (58,159 )     1,702  
                 
CASH AT BEGINNING OF PERIOD
    111,658       68,291  
                 
CASH AT END OF PERIOD
  $ 53,499     $ 69,993  
                 
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
               
Cash paid during the year for interest
  $ 124,880     $ 129,259  
Income taxes paid
    -       -  
                 
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING ACTIVITIES
               
   Acquisition of business through issuance of debt
    -       300,000  

The accompanying footnotes are an integral part of these unaudited financial statements.
 
 
3

 
MK AUTOMOTIVE, INC.
NOTES TO FINANCIAL STATEMENTS
(Unaudited)

Note 1. Basis of Presentation

The accompanying unaudited interim financial statements of MK Automotive, Inc. have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the SEC and should be read in conjunction with the audited consolidated financial statements and notes thereto contained in MK Automotive’s Annual Report on Form 10-K for the year ended March 31, 2010 filed on July 6, 2010.  In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein.  The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year.  Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the year ended March 31, 2010, as reported in the Form 10-K have been omitted.

Note 2. Related Party Transactions

On October 8, 2010, the Company borrowed $30,000 from a shareholder.  The loan carries interest of 8%.   On February 6, 2011, the agreement was modified to amend the terms of the agreement to payable on demand.  As of December 31, 2010, the outstanding balance of $30,000 is included in current portion of long-term debt – related party.

Note 3. Stockholders’ Equity

On November 16, 2010, the Company granted 900,000 common shares to four employees and service providers as payment for services.  The shares are valued at $765,000 based on fair value at the date issued.  The shares are scheduled to vest in 36 monthly installments beginning June 1, 2011, based on criteria set in the corresponding agreements.  Shares are not outstanding but held in escrow during the vesting period.    As of December 31, 2010, no expense has been recognized.

 
4


 
Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations.
 
The following discussion and analysis of the financial condition and results of our operations should be read in conjunction with the financial statements and the notes to those statements included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on July 6, 2010.  This discussion contains forward-looking statements reflecting our current expectations that involve risks and uncertainties.  Actual results and the timing of events may differ materially from those contained in these forward-looking statements due to a number of factors, including those discussed under Item 1A “Risk Factors” of the Company’s Annual Report on Form 10-K.
 
Overview
 
We operate full service automotive maintenance and repair service shops in nine company-owned locations in the greater Las Vegas, Nevada, metropolitan area and have one franchise location in Las Vegas, Nevada, and one franchise location in St. Louis, Missouri.  Expansion is planned through the establishment of additional locations that we will operate and by granting franchises to independent businesses.  The term “fiscal 2010” refers to the twelve months ended March 31, 2010, and the term “fiscal 2011” refers to the twelve months ending March 31, 2011.
 
Results of Operations
 
Three Months Ended December 31, 2010 compared to the Three Months Ended December 31, 2009
 
Net sales for the three months ended December 31, 2010 were $1,041,988, a decrease of $36,446, or 3.4%, over net sales of $1,078,434 for the three months ended December 31, 2009.  The decrease in net sales was due primarily to the continuing recession during fiscal 2011 and the continued deferral by consumers of maintenance and repair on personal automobiles.  In addition, the sale of our “Henderson” location to a former employee and conversion of that location to a franchise location in the fourth quarter of fiscal 2010 resulted in a decrease in net sales from company-operated locations for the three months ended December 31, 2010 that was offset by an increase in net sales from franchise operations of $16,099 for the three months ended December 31, 2010.
 
Cost of goods sold during the three months ended December 31, 2010 was $980,808, a decrease of $50,266, or 4.9%, compared to cost of goods sold of $1,031,074 for the three months ended December 31, 2009.  Cost of goods sold as a percentage of sales improved to 94.1% for the three months ended December 31, 2010 compared to 95.6% for the three months ended December 31, 2009.  The reduction in cost of goods sold, both in absolute terms and as a percentage of sales, was primarily because we renegotiated the leases related to our “Durango” and “Henderson” locations during fiscal 2010 to reduce the minimum rents and the conversion of our “Henderson” location to franchise operation.  In addition, there was no material cost of goods sold associated with the revenue from franchise operations included in net sales during the three months ended December 31, 2010 so the addition of $16,099 in revenue from franchise operations contributed to the improvement in cost of goods sold as a percentage of sales.  The improvement in cost of goods sold as a percentage of sales more than offset the effects of the decline in net sales and resulted in gross profit for the three months ended December 31, 2010 of $61,180, an increase of $13,820, or 29.2%, compared to gross profit of $47,360 for the three months ended December 31, 2009.
 
Selling, general and administrative expenses during the three months ended December 31, 2010 were $90,461, a decrease of $172,391, or 65.6%, compared to selling, general and administrative expenses during the three months ended December 31, 2009 of $262,852.  The decrease was primarily due to a decrease in professional fees.  Professional fees decreased by $165,506 (87.9%)  due to a decrease in stock-based compensation for consulting services. Bank charges decreased by $5,074 (21.2%) as a result of decreased credit card sales.  Salaries, wages and employee benefits decreased by $2,857 (8.7%), reflecting salary reductions at the corporate executive and administrative level in response to recessionary pressures, and advertising expenses decreased by $1,457 (9.9%), reflecting the deferral of certain advertising expenses.  These decreases were offset by an increase in bad debts of $2,503 (76.2%) reflecting an increase in uncollectible receivables due to the continuing recession.
 
Despite the decline in net revenue, losses from operations improved to $78,395 for the three months ended December 31, 2010 compared to a loss of $287,819 for the three months ended December 31, 2009.  The improved results are primarily the result of the decrease in selling, general and administrative expenses.  Interest expense for the three months ended December 31, 2010 was $49,691, a decrease of $22,636 or 31.3% compared to interest expense of $72,327 for the three months ended December 31, 2009.  The decline in interest expense is a result of a decrease in indebtedness.  Net loss for the three months ended December 31, 2010 was $78,395 ($0.00 per share) compared to a loss of $287,819 ($0.01 per share) for the three months ended December 31, 2009.
 
Nine Months Ended December 31, 2010 compared to the Nine Months Ended December 31, 2009
 
Net sales for the nine months ended December 31, 2010 were $3,432,412, a decrease of $117,374, or 3.3%, over net sales of $3,549,786 for the nine months ended December 31, 2009.  The decrease in net sales was due primarily to the continuing recession during fiscal 2011 and the continued deferral by consumers of maintenance and repair on personal automobiles.  In addition, the sale of our “Henderson” location to a former employee and conversion of that location to a franchise location in the fourth quarter of fiscal 2010 resulted in a decrease in net sales from company-operated locations for the nine months ended December 31, 2010 that was offset by an increase in net sales from franchise operations of $61,171 for the nine months ended December 31, 2010.
 
5

 
Cost of goods sold during the nine months ended December 31, 2010 was $2,934,088, a decrease of $340,802 or 10.4%, compared to cost of goods sold of $3,274,890 for the nine months ended December 31, 2009.  Cost of goods sold as a percentage of sales improved to 85.5% for the nine months ended December 31, 2010 compared to 92.3% for the nine months ended December 31, 2009.  The reduction in cost of goods sold, both in absolute terms and as a percentage of sales, was primarily because we renegotiated the leases relating to our “Durango” and “Henderson” locations during fiscal 2010 to reduce the minimum rents and the conversion of our “Henderson” location to franchise operation.  In addition, there was no material cost of goods sold associated with the revenue from franchise operations included in net sales during the nine months ended December 31, 2010 so the addition of $61,171 in revenue from franchise operations contributed to the improvement in cost of goods sold as a percentage of sales.  The improvement in cost of goods sold as a percentage of sales more than offset the effects of the decline in net sales and resulted in gross profit for the nine months ended December 31, 2010 of $498,324, an increase of $223,428, or 81.3%, compared to gross profit of $274,896 for the nine months ended December 31, 2009.
 
Selling, general and administrative expenses during the nine months ended December 31, 2010 were $372,934, a decrease of $95,024, or 20.3%, compared to selling, general and administrative expenses during the nine months ended December 31, 2009 of $467,958.  The decrease in selling, general and administrative expenses was primarily the result of a decrease in professional fees of $62,333 (25.4%).  The decrease in professional fees during the nine months ended December 31, 2010 occurred because of a decrease in stock-based compensation of $111,111.  Stock-based compensation consisted of $55,556 for the nine months ended December 31, 2010 compared to $166,667 for the nine months ended December 31, 2009.  The decrease was also attributable to a $109,537 reduction in expenses related to going public, offset by increases in franchise development and public compliance costs. In addition to the decrease in professional fees, salaries, wages and employee benefits decreased by $21,270 (19.3%), reflecting salary reductions at the corporate executive and administrative level in response to recessionary pressures.  Advertising expenses decreased by $13,153 (27.8%), reflecting the deferral of certain advertising expenses, and bank charges decreased by $3,411 (5.4%).  Decreases were offset by an increase in bad debts of $5,143 (199.8%) reflecting an increase in uncollectible receivables due to the continuing recession.
 
Despite the decline in net revenue, losses from operations improved to $5,646 for the nine months ended December 31, 2010 compared to $346,781 for the nine months ended December 31, 2009.  The improved results are primarily the result of the increase in gross profits and the decline in selling, general and administrative expenses.  Interest expense for the nine months ended December 31, 2010 was $132,796, a decrease of $20,923 or 13.6% compared to interest expense of $153,719 for the nine months ended December 31, 2009.  Interest-bearing debt outstanding during the nine months ended December 31, 2010 declined slightly compared to interest-bearing debt outstanding during the nine months ended December 31, 2009.   Net loss for the nine months ended December 31, 2010 was $5,646 ($0.00 per share) compared to a loss of $346,781 ($0.01 per share) for the nine months ended December 31, 2009.
 
Liquidity and Capital Resources
 
We had cash on hand as of December 31, 2010 of $53,499, a decrease of $58,159 compared to cash on hand as of March 31, 2010 of $111,658.  Our operating activities during the nine months ended December 31, 2010 provided $64,348.  Cash provided by operating activities was the result of a net loss of $5,646 for the nine months ended December 31, 2010 which was offset by $67,515 in non-cash compensation and depreciation expenses and changes in balance sheet items of $2,479.  Changes in balance sheet items include an increase of $20,127 in accounts payable and other accrued expenses, a $4,802 increase in accounts receivable, and an increase of $12,846 in prepaid expenses and other current assets.  We used net cash from operating activities and $58,159 of the cash available at December 31, 2010 to reduce outstanding advances from related parties, reduce the amount outstanding under our line of credit of line, and repay long-term debt.
 
As of December 31, 2010, we had outstanding obligations to banks and other unrelated persons in the amount of $1,758,823 and obligations payable to stockholders and related parties in the amount of $468,411.  Substantially all of our assets are subject to a security interest and mortgage to secure the repayment of the obligations to banks and other unrelated persons.  During the three months ended December 31, 2010, we received $30,000 in loan proceeds from a shareholder.
 
We lease property in nine locations under non-cancelable operating leases.  All lease agreements provide for minimum lease payments and some lease agreements provide for additional rents contingent upon prescribed sales volumes or constitute net leases, which require us to pay additional rent relating to real estate taxes, insurance, rental taxes, and common area maintenance.  During fiscal 2010, we renegotiated the leases relating to our “Durango” and “Henderson” locations to reduce the minimum annual rents.
 
Since April 1, 2010, we have required cash of approximately $376,000 per month and we generated cash from operating activities of approximately $395,000 per month.  The difference was used primarily to reduce our outstanding indebtedness.  We will incur additional expenses in the future relating to the reporting and corporate governance requirements as a public company, including the cost of establishing and documenting the effectiveness of internal control over financial reporting as required by the Securities Exchange Act of 1934 and preparing and filing periodic reports with the Securities and Exchange Commission.  We expect to pay additional professional fees of between $25,000 and $50,000 over the next 12 months relating to the expenses of being publically traded.
 
6

 
We will incur approximately $75,000 in additional costs relating to franchise operations during fiscal 2011.  We plan to expand our franchise operations if they are successful.  We plan to use fees paid by existing franchisees and franchise fees from new franchisees to fund any expansion of our franchise operations.  If fees generated by franchise operations are not sufficient to fund expansion of franchise operations, we may borrow additional funds to support expansion of franchise operations or delay, reduce or terminate franchise operations.
 
We expect revenue to increase during the next 12 months as consumers undertake deferred maintenance and repairs.  In addition, we believe our gross profit will continue to increase during the next 12 months as a result of increased franchise operations.  We do not expect to incur any material capital expenditures during the next 12 months.
 
We believe that cash available at December 31, 2010, together with cash generated from operating activities will be sufficient to fund our cash requirements for the next 12 months, including all debt service, lease payments and additional expenses relating to being a public company.  If funds from operations and available cash are not sufficient, we may borrow additional funds from related parties, defer salaries payable to executives, refinance or renegotiate our existing indebtedness, incur additional indebtedness to banks or unrelated parties, delay payments to our vendors, delay advertising and other expenses, or sell or close some of our operations.
 
Item 3.  Quantitative and Qualitative Disclosures About Market Risk.
 
Not applicable.
 
Item 4.  Controls and Procedures.
 
Evaluation of Disclosure Controls and Procedures.  In accordance with Exchange Act Rules 13a-15 and 15a-15, we carried out an evaluation, under the supervision and with the participation of management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of our disclosure controls and procedures as of the end of the period covered by this report.  Based on that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were effective as of December 31, 2010.
 
Changes in Internal Control over Financial Reporting.  There were no changes in our internal control over financial reporting during the period covered by this report that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
 
PART II
 
Item 5.  Unregistered Sales of Equity Securities and Use of Proceeds.
 
On November 16, 2010, the Company’s Board of Directors approved the grant of 900,000 restricted shares of the Company’s Common Stock to four employees and service providers.  The grant was exempt from the registration requirements of the Securities Act of 1933 (the “Act”) because there was no sale of the shares within the meaning of Section 2(a)(3) of the Act, as interpreted by the Commission.  All shares subject to the grants were issued without contribution by the grantee, vest over a period of 42 months and are subject to restrictions on transfer without registration.
 
Item 6.  Exhibits.
 
The following documents are filed as exhibits to this report.
 
Exhibit No.
Description
   
 4.1*
Form of Restricted Stock Bonus Award.
31.1*
Certification of our Principal Executive Officer, under Section 302 of the Sarbanes-Oxley Act of 2002.
31.2*
Certification of our Principal Financial Officer, under Section 302 of the Sarbanes-Oxley Act of 2002.
32.1*
Certification under Section 906 of the Sarbanes-Oxley Act of 2002.

* Filed with this Report
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 thereunto duly authorized.
 
Date: February 14, 2011
MK AUTOMOTIVE, INC.
 
       
 
By:
/s/ Michael R. Murphy
 
   
Michael R. Murphy
 
   
President and Chief Executive Officer
 

 

 

7

 
EXHIBIT INDEX

Number
Description
 4.1
Form of Restricted Stock Bonus Award
31.1
Certification of our President and Chief Executive Officer, under Section 302 of the Sarbanes-Oxley Act of 2002.
31.2
Certification of our Principal Financial Officer, under Section 302 of the Sarbanes-Oxley Act of 2002.
32.1
Certification of our President and Principal Executive Officer and Principal Financial Officer, under Section 906 of the Sarbanes-Oxley Act of 2002.







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