Company: SSUP
Filing Date: 2025-07-30
Form Type: PREM14A
Source: 0001140361-25-027895
Chunk: 56

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-07-30
Form: PREM14A
Chunk 56
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 it being a requirement under such facility in order to access such funding that the RSA be executed, and the lack of any actionable alternative that would offer greater value to the Company’s equityholders, including the likelihood that there would be no value for the holders of Common Shares and no cash consideration for the holders of the Series A Preferred Shares in the event of a filing under chapter 11 of the Bankruptcy Code (see below under the section entitled “ The Merger—Reasons for the Merger,” beginning on page 30). Following the discussion, the Transaction Committee unanimously (i) approved and declared advisable, and recommended that the Board approve and declare advisable, the Merger Agreement, the execution, delivery and performance thereof and the consummation of the Transactions, including the Merger, upon the terms and subject to the conditions set forth in the Merger Agreement, (ii) determined that the Merger is in the best interests of the Company and its stockholders, (iii) recommended to the Board that the Merger Agreement be submitted to the Company’s stockholders for adoption; and (iv) recommended to the Board that the Board recommend that the stockholders of the Company vote to adopt the Merger Agreement. The Board then (i) approved and declared advisable the Merger Agreement and the consummation of the Transactions, including the Merger, upon the terms and subject to the conditions set forth in the Merger Agreement, (ii) determined that the Merger is in the best interests of the Company and its stockholders, (iii) directed that the Merger Agreement be submitted to the stockholders of the Company for adoption and (iv) resolved to recommend that the stockholders of the Company vote to adopt the Merger Agreement. On July 8, 2025, Parent obtained the applicable approvals from its equityholders to enter into the Merger Agreement. In the morning of July 8, 2025, the Company and Parent executed the Merger Agreement, the RSA and the Subscription Agreement. Concurrently, the Company executed the VSAs with each applicable counterparty and, prior to the opening of trading on the OTC Pink Open Market, the Company and Parent issued a joint press release announcing the Transactions and the execution of the Merger Agreement and related agreements. Recommendation of the Board At a meeting of the Transaction Committee on July 6, 2025, after careful consideration, including detailed discussions with the Company’s management, legal advisor and financial advisor, the Transaction Committee unanimously:

| • | approved and declared advisable