Company: SSUP
Filing Date: 2025-07-30
Form Type: PREM14A
Source: 0001140361-25-027895
Chunk: 101

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-07-30
Form: PREM14A
Chunk 101
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 against such acquisition proposal, (iv) fail to recommend against any acquisition proposal that is not a superior proposal and is not reasonably expected to become a superior proposal that is structured as a tender or exchange offer by a third party pursuant to Rule 14d-9 or Rule 14e-2 promulgated under the Exchange Act (each of the foregoing clauses (i) - (iv), a “Change in Recommendation”), (v) cause or permit the Company or any of its subsidiaries to enter into any letter of intent, memorandum of understanding, agreement in principle, acquisition agreement, merger agreement, option agreement or other agreement (other than an Acceptable Confidentiality Agreement) (an “Alternative Acquisition Agreement”) relating to any acquisition proposal or (vi) approve, recommend, or publicly propose to enter into an Alternative Acquisition Agreement. Superior Proposal Exception to Change in Recommendation Provision or Entry into an Alternative Acquisition Agreement At any time after the date of the Merger Agreement and prior to the adoption of the Merger Agreement by the Company’s stockholders, in response to a written acquisition proposal received by the Company, the Board may make a Change in Recommendation or terminate the Merger Agreement in accordance with its termination provisions in order to enter into the Alternative Acquisition Agreement with respect to such acquisition proposal, or authorize, resolve, agree or propose publicly to take any such actions, if all of the following conditions are met:

| • | the Board determines in good faith, after consultation with its financial advisor and outside legal counsel, that such acquisition proposal constitutes a superior proposal and, in the case of a Change in Recommendation, the failure to make such Change in Recommendation would reasonably be expected to be inconsistent with the fiduciary duties of the members of the Board under applicable law and such determination has been promptly notified to Parent; |

| • | the Company has (i) provided to Parent three (3) business days’ prior written notice, which notice will include an unredacted copy of the Alternative Acquisition Agreement, if applicable and not previously provided, and other relevant documents related to the superior proposal, and will state (a) that it has |

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received a written acquisition proposal that constitutes a superior proposal, (b) the material terms of the acquisition proposal (it being understood and agreed that any amendment to the financial terms or any other material term of such superior proposal will require a new written notice, except that the notice period will be reduced to two (2) business days) and (c) that, subject to the next bullet,