Company: SSUP
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000950170-25-104988
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Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1A
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There have been no changes to the risk factors as described in Part I, Item 1A, “Risk Factors” in our 2024 Form 10-K, except as follows:

The NYSE has delisted our common stock from trading on its exchange, which has and could limit investors’ ability to make transactions in our common stock and subject us to additional trading restrictions. 

On June 24, 2025, the New York Stock Exchange (the “NYSE”) notified us that it had determined to (A) immediately suspend trading in our common stock, due to a determination that we had fallen below the NYSE’s continued listing standard requiring listed companies to maintain an average global market capitalization over a consecutive 30 trading day period of at least $15,000,000 pursuant to Section 802.01B of the NYSE Listed Company Manual, and (B) commence proceedings to delist our common stock.

On June 25, 2025, the NYSE filed a Form 25-NSE with the SEC in connection with the delisting of our common stock from the NYSE, which delisting became effective ten days after the Form 25 was filed. Our common stock began trading on the Pink Open Market operated by the OTC Markets Group, Inc. (commonly referred to as the “pink sheets”) under the ticker symbol “SSUP” on June 25, 2025. 

Delisting from the NYSE has made trading our common stock more difficult for investors, potentially leading to declines in the trading price of our securities and liquidity and other material adverse consequences including:

•limited availability of market quotations for our securities;

•a determination that our common stock is a “penny stock” which will require brokers trading in our common stock to adhere to more stringent rules, possibly resulting in a reduced level of trading activity in the secondary trading market for our common stock;

•a limited amount of analyst coverage;

•a decreased ability to issue additional securities or obtain additional financing in the future; and

•loss of confidence by shareholders, employees, and business partners.

We do not now, and are not expected to in the foreseeable future, meet the listing standards of the NYSE or any other national securities exchange. We can provide no assurance that our common stock will continue to trade on the Pink Open Market, whether broker-dealers will continue to provide public quotes of our shares on the Pink Open Market, whether the trading volume of our common stock will be sufficient to provide for an efficient trading market or whether quotes