Company: SSUP
Filing Date: 2025-08-15
Form Type: DEFM14A
Source: 0001140361-25-031532
Chunk: 40

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-08-15
Form: DEFM14A
Chunk 40
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ger Sub will merge with and into Superior. Superior will survive the Merger as a wholly owned subsidiary of Parent. The Transaction Committee and the Board have approved the Merger Agreement and recommends that Superior stockholders vote “ FOR” the Merger Agreement Proposal. At the Effective Time, each Share that is issued and outstanding immediately prior to the Effective Time (other than in respect of Excluded Shares and Dissenting Shares), will be cancelled, will cease to exist and will be converted into the right to receive:

| • | with respect to each Common Share, the Common Stock Merger Consideration; and |

| • | with respect to each Series A Preferred Share, the Preferred Stock Merger Consideration. |

Following the completion of the Merger, Superior will cease to be a publicly traded company and will become a direct, wholly owned subsidiary of Parent. Background of the Merger The following is a summary of the principal events, meetings, negotiations, and actions that led to the execution and public announcement of the Merger Agreement. This summary does not purport to catalogue every interaction among the Company, the Board, the Company’s management or advisors, affiliates of Parent or any other parties or their respective advisors or representatives, but is instead a summary of material developments over the course of such discussions and negotiations. The Board, together with the Company’s management and with the assistance of the Company’s advisors, regularly reviews and assesses the Company’s strategic direction, financial performance and business plans with a view towards strengthening the Company’s business and identifying opportunities to increase stockholder value, taking into account financial, industry, competitive and other applicable considerations. As part of this periodic review and assessment, from time to time during the two-year period prior to the Company’s entry into the Merger Agreement, the Board and the Company’s management considered potential strategic alternatives, and engaged in business development and strategic discussions with other participants in the industry in which the Company operates in order to complement and expand the Company’s existing business and operations. As part of this review and assessment, representatives of the Company’s management have, from time to time, attended preliminary meetings with certain parties who expressed interest in meeting with the Company. The Board was provided with regular updates regarding these interactions during their meetings. During the two-year period prior to the Company’s entry into the Merger Agreement, none of these prior discussions progressed beyond preliminary phases, other than as described below. In connection with the Board’s periodic review and assessment described above, in January 2024, at the direction of the Board, the