Company: SSUP
Filing Date: 2025-08-15
Form Type: DEFM14A
Source: 0001140361-25-031532
Chunk: 102

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-08-15
Form: DEFM14A
Chunk 102
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 continues to constitute a superior proposal and, in the case of a Change in Recommendation, that 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. |

Intervening Event Exception to Change in Recommendation Provision Upon the occurrence of any intervening event, the Board may, at any time prior to the adoption of the Merger Agreement by the Company’s stockholders, make a Change in Recommendation 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 the failure to make a 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 will (a) set forth in reasonable detail information describing the intervening event and (b) state, subject to the next bullet, the Board has determined to make a Change in Recommendation and (ii) prior to making such a Change in Recommendation, used commercially reasonable efforts to engage in good faith with Parent (to the extent Parent wishes to engage) during such notice period to consider any adjustments committed to in writing by Parent to the terms and conditions of the Merger Agreement such that the failure of the Board to make a Change in Recommendation in response to the intervening event in accordance with the next bullet would no longer reasonably be expected to be inconsistent with the fiduciary duties of the members of the Board under applicable law; and |

| • | the Board will have determined in good faith, after consultation with its financial advisor outside legal counsel, and taking into account any revised terms committed to in writing by Parent, the failure to make a Change in Recommendation would reasonably be expected to be inconsistent with the fiduciary duties of the members of the Board under applicable law. |

Obligations with Respect to this Proxy Statement and the Special Meeting As promptly as reasonably practicable following the date of the Merger Agreement (and in any event within fifteen (15) business days) the Company was required to prepare and file this preliminary proxy statement. The Company and Parent are also each required to use their reasonable best efforts to promptly provide responses to the SEC with respect to any comments received on the proxy statement by the SEC. The Company is required to cause the mailing of the definitive proxy statement to the stockholders of