Company: SSUP
Filing Date: 2025-08-15
Form Type: DEFM14A
Source: 0001140361-25-031532
Chunk: 94

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-08-15
Form: DEFM14A
Chunk 94
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 any person who would be an employee or other service provider of the Company or its subsidiaries if employed or engaged as of the date of the Merger Agreement) other than the hiring, engagement or promotion, each in the ordinary course of business consistent with past practice, of a person, whose annual base salary or rate is less than $150,000, provided that such hired, engaged or promoted person is terminable “at-will” without any additional liability to the Company and its subsidiaries, (iv) accelerate the time of payment or vesting of any compensation or benefits of any of the |

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Company’s or its subsidiaries’ directors, officers or employees or other service providers or (v) grant any change of control, transaction or retention bonuses or similar payments or other incentive awards to any of the Company’s or its subsidiaries’ directors, officer or employees or other service providers;

| • | effectuate, engage in or provide notice of a “plant closing” or “mass layoff” as those terms are defined in the United States Worker Adjustment and Retraining Notification Act, or effectuate, engage in or provide notice of any similar reduction in force or redundancy; |

| • | incur any indebtedness, guarantee, endorse, assume or otherwise become liable or responsible (directly or indirectly) for any indebtedness of another person or issue any rights to acquire any indebtedness, except (i) in the ordinary course of business, borrowings under the Company’s revolving credit facility as in effect as of the date of the Merger Agreement, including pursuant to the Company’s existing credit agreements, (ii) pursuant to (A) to the extent not drawn upon and payments are not triggered thereby, letters of credit, bank guarantees, security or performance bonds or similar credit support instruments and (B) overdraft facilities or cash management programs, in each case issued, made or entered into in the ordinary course of business consistent with past practice, (iii) hedging in compliance with the hedging strategy of the Company as of the date of the Merger Agreement in the ordinary course of business consistent with past practice and not for speculative purposes, and (iv) pursuant to factoring arrangements as in effect as of the date of the Merger Agreement; |

| • | make or commit to any capital expenditures that exceed $5,000,000 in the aggregate; |

| • | transfer, lease, license, sell, assign, mortgage, pledge, place a lien (other than a permitted lien) upon or otherwise