Company: SSUP
Filing Date: 2025-08-15
Form Type: DEFM14A
Source: 0001140361-25-031532
Chunk: 44

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-08-15
Form: DEFM14A
Chunk 44
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 act as a financial advisor to the Company based upon, among other factors, A&M’s reputation, qualifications, expertise and experience in distress situations and its familiarity with the Company and knowledge of the Company’s business and the industry in which the Company operates. A&M was engaged to, among other matters, assist with management of the Company’s liquidity position following the Customer Losses, as well as to analyze and evaluate the strategic options available to the Company.

From April 6, 2025 through May 12, 2025, at the direction of the Company’s management, representatives of Lazard held numerous discussions with the representatives of the Term Loan Lenders regarding the Customer Losses and the Company’s liquidity position.

On April 8, 2025, the Board held a meeting attended by the Company’s management, representatives of Lazard and representatives of Weil to discuss, among other things, the Company’s response to the Customer Losses, the impact of the Customer Losses on the potential sale process, and the conversations between representatives of the Company and the Term Loan Lenders. Following discussion regarding the benefits and considerations, it was determined that Lazard should inform the potential buyers who had submitted Proposals about the Customer Losses and, on behalf of the Company, would provide them with due diligence information reflecting the Company’s initial and preliminary views on the anticipated impact of the same, with the goal of restarting the sale process that had been previously paused and receiving new indications of interests from such potential buyers.

On April 14, 2025, the Board held a meeting attended by the Company’s management and representatives of each of Lazard and Weil at which, among other things, the Board was provided with an update regarding the Customer Losses and the impact thereof, including on the Company’s liquidity position, as well as discussions with Oaktree and certain of the financial sponsors who had submitted the Proposals. The representatives of Lazard discussed with the Board certain concerns raised by the financial sponsors, including the recently implemented tariffs, and informed the Board that formal feedback from each of the financial sponsors was expected within a few days, and that such feedback would be provided to the Board.

Later on April 14, 2025, members of the Company’s management and representatives of Lazard held discussions with three (3) of the financial sponsors who had submitted the Proposals. Between April 15, 2025 and April 23, 2025, at the direction of the Company’s management, representatives of Lazard had follow-up discussions