Company: SSUP
Filing Date: 2025-08-15
Form Type: DEFM14A
Source: 0001140361-25-031532
Chunk: 121

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-08-15
Form: DEFM14A
Chunk 121
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 agreement, transaction or other matter that is intended to, or would reasonably be expected to, impede or interfere with the consummation of the Merger and the other transactions contemplated by the Merger Agreement.

In the event the Board makes (and does not rescind or withdraw) a Change in Recommendation, TPG may vote its Shares with respect to the above matters in any manner it chooses.

TPG agreed that any Shares that it purchases, or otherwise acquires record or beneficial ownership of, after the execution date of the Preferred VSA, would be subject to the terms and conditions of the Preferred VSA to the same extent as the Shares owned by TPG on the date of the execution of the Preferred VSA.

In addition, TPG has agreed that the receipt of the aggregate amount of the Preferred Stock Merger Consideration pursuant to the terms of the Merger Agreement will constitute payment in full for all shares of Preferred Stock owned by TPG. TPG has agreed to waive (i) until the Effective Time or the termination of the Preferred VSA, any and all rights to dividends it is entitled to receive as a holder of Series A Preferred Stock and (ii) any and all rights and remedies in connection with or related to the Merger (and any other transactions entered into by the Company in connection therewith, including the transactions contemplated by the Subscription Agreement other than rights and remedies arising under the Merger Agreement or related documents or transactions themselves, and/or the incurrence of indebtedness under the Company’s existing credit agreements it may have.

TPG agreed not to take certain actions, including not (i) tendering any of its Shares into any tender or exchange offer, (ii) transferring any of its Shares (subject to certain exceptions), (iii) granting any proxies or powers of attorney or (iv) taking any action that would make any representation or warranty of TPG contained in the Preferred VSA untrue or incorrect in any material respect or have the effect of delaying, preventing or disabling TPG from performing its obligations under the Preferred VSA in any material respect.

The Preferred VSA will terminate upon the earliest to occur of (i) the Effective Time, (ii) the valid termination of the Merger Agreement in accordance with its terms (including, for example, termination of the Merger Agreement by the Company to accept a superior proposal, subject to specified exceptions and limitations) and (iii) the occurrence of (a) a decrease in the Preferred Stock Merger Consideration, (b) the termination of the RSA