Company: SSUP
Filing Date: 2025-08-15
Form Type: DEFM14A
Source: 0001140361-25-031532
Chunk: 67

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-08-15
Form: DEFM14A
Chunk 67
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 a change in control, the participant will receive a one-time multiple (other than Mr. Kakar, Mr. Dorah and Mr. Sherbin, who each receive a two-times multiple) of the sum of both the participant’s annual base salary and the participant’s target annual bonus, paid in a lump sum within 60 days after termination.

Mr. Kakar, Mr. Dorah, Ms. Gilliam, Ms. Schulz and Mr. Giebel also participate in the Executive Severance Plan, absent a Change in Control. Upon termination by the executive for “Good Reason” or by the Company other than for “Cause”, the plan provides for the terminated executive to receive six months base salary (other than Mr. Kakar and Mr. Dorah who each receive twelve months base salary); a prorated amount of the executive’s current year annual bonus based on actual performance; a prorated number of Company Restricted Stock Units that have been outstanding at least six months, becoming 100% vested as of the date of employment termination; a prorated number of Company Performance Stock Units that have been outstanding at least six months, continuing after the executive’s employment termination, based on actual performance.

For an estimate of the value of the severance amounts described above that would be payable to each of the named executive officers, see “ Summary of Potential Transaction Payments to Named Executive Officers – Named Executive Officer Merger-Related Compensation ,” beginning on page 37 . For information regarding the effects of the Merger on the Company’s outstanding equity awards, see the section entitled “ The Merger Agreement - Treatment of Outstanding Equity Awards ,” beginning on page 46 .

Director and Officer Indemnification and Insurance

Pursuant to the terms of the Merger Agreement, each current or former director or officer of Superior will be entitled to certain ongoing indemnification and coverage under directors’ and officers’ liability insurance policies following the Merger. For a more detailed description of the provisions of the Merger Agreement relating to director and officer indemnification and insurance, please see the section entitled “ The Merger Agreement - Director and Officer Indemnification and Insurance ,” beginning on page 59 .

Agreements with the Company Following the Merger

As of the date of this proxy statement, other than as described above, none of the Company’s executive officers have entered into any new agreement, arrangement or understanding with Parent or any of its affiliates regarding the terms and conditions of compensation, incentive pay or employment with the Company after the Merger