Company: SSUP
Filing Date: 2025-08-15
Form Type: DEFM14A
Source: 0001140361-25-031532
Chunk: 12

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-08-15
Form: DEFM14A
Chunk 12
---
ii) have been satisfied. |

| • | No Solicitation of Acquisition Proposals.Until the earlier of the effective time of the Merger (the “Effective Time”) and the valid termination of the Merger Agreement in accordance with its terms, the Company is not permitted to, among other things, directly or indirectly through its representatives (i) solicit, initiate, knowingly encourage or knowingly facilitate any inquiries regarding or the making of any proposal or offer that constitutes, or would reasonably be expected to lead to, an acquisition proposal, (ii) participate in any discussions or negotiations with any person regarding any acquisition proposal, (iii) provide any non-public information concerning the Company or any of its subsidiaries to any person, or afford access to the business, assets, properties, books or records, other information or employees or other representatives of the Company or any of its subsidiaries in connection with any acquisition proposal or (iv) approve, authorize, agree or publicly announce an intention to do any of the foregoing. |

| • | Board Recommendation Changes.Notwithstanding the restrictions described above, under certain circumstances, we may, until the time the Merger Agreement is adopted by our stockholders, in response to a bona fide acquisition proposal, (i) contact and engage in discussions with the person who made such acquisition proposal and such person’s representatives and potential sources of financing to clarify the terms and conditions thereof or to request that any acquisition proposal made orally be made in writing or to notify such person and such person’s potential sources of financing of the “no solicitation” provisions of the Merger Agreement, (ii) provide access to non-public information regarding the Company or any of its subsidiaries to the person who made such acquisition proposal, and such person’s representatives and potential sources of financing, subject to certain conditions (including promptly providing such non-public information to Parent following the time such information is so made available), and (iii) engage or participate in any discussions or negotiations with any such person and such person’s representatives and potential sources of financing regarding such acquisition proposal if, and only if prior to taking any action described in clause (ii) or (iii) above, (a) the Board determines in good faith, after consultation with its outside legal counsel, that (1) after consultation with its financial advisors, such acquisition proposal either constitutes a superior proposal or could reasonably be expected to lead to a superior proposal and (2) the failure to take such action would reasonably be expected to be inconsistent with the fiduciary duties of the members of the Board under applicable law