Company: SSUP
Filing Date: 2025-07-30
Form Type: PREM14A
Source: 0001140361-25-027895
Chunk: 62

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-07-30
Form: PREM14A
Chunk 62
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ger is not consummated: |

| • | the Company and its subsidiaries are expected to file a voluntary petition for relief under chapter 11 of the Bankruptcy Code to commence the Chapter 11 Cases pursuant to the terms of the RSA; |

| • | the Company’s directors, senior management and other employees will have expended extensive time and effort and will have experienced significant distractions from their work during the pendency of the Transactions; |

| • | the Company will have incurred significant transaction costs; |

| • | the Company’s continuing business relationships with customers, partners and employees may be adversely affected; |

| • | the trading price of Common Shares could be materially and adversely affected; and |

| • | the market’s perceptions of the Company’s prospects could be adversely affected. |

| • | No Solicitation. The Transaction Committee and the Board considered the fact that subject to certain exceptions, the Merger Agreement precludes the Company from soliciting or entertaining alternative acquisition proposals. |

| • | Effects of Transaction Announcement. The Transaction Committee and the Board considered the effect of the public announcement of the Merger Agreement, including effects on the Company’s stock price, and the Company’s ability to attract and retain key personnel during the pendency of the Transactions, as well as the potential for legal proceedings, judgments or settlements following the announcement of the Transactions and the associated costs, burden and inconvenience involved in defending those proceedings, judgments and settlements. |

| • | Voting and Support and Subscription Agreements. The Transaction Committee and the Board considered the fact that, assuming that all parties to the Common VSAs and Preferred VSA comply with their obligations set forth therein, and the Company issues to Parent the applicable Common Shares under the Subscription Agreement, then holders of Common Shares and Preferred Shares sufficient to approve the Transactions have either agreed to vote or are expected to vote their Shares in favor of the deal. |

| • | Timing Risks. The Transaction Committee and the Board considered the amount of time it could take to complete the Merger, including that completion of the Merger depends on factors outside of the Company’s or Parent’s control (including the approval of the Merger Agreement Proposal by the Company’s stockholders), and the risk that the pendency of the Merger for an extended period of time following the announcement of the execution of the Merger Agreement could divert the Company’s management’s attention and have an adverse impact on the Company, including its customer, supplier and other business relationships. |

The Transaction Committee and the Board each concluded that the uncertainties, risks