Company: SSUP
Filing Date: 2025-07-30
Form Type: PREM14A
Source: 0001140361-25-027895
Chunk: 72

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-07-30
Form: PREM14A
Chunk 72
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 no longer applicable to the Company to the extent that they apply solely as a result of the registration of the Common Shares under the Exchange Act. Consequences if the Merger is Not Completed If the Merger Agreement Proposal is not approved by the Company’s stockholders, if the Merger Agreement is terminated or if the Merger is not completed for any other reason, you will not receive any consideration for your Shares and there can be no assurance that any other transaction acceptable to us will be offered, other than the Chapter 11 Structure, or that our business, prospects or results of operations will not be adversely impacted. Consequences of Chapter 11 Structure If the Merger Agreement is terminated or the Company fails to satisfy the Out-of-Court Milestones during the Support Period, it is expected the Company and certain of its subsidiaries will be required to commence voluntary petitions for relief under chapter 11 of the Bankruptcy Code in accordance with the RSA. Pursuant to the Term Sheet, if the Recapitalization Transaction is implemented through a Chapter 11 Structure:

| • | TPG will receive In-Court Preferred Shareholder Equity Distribution (as defined in the Term Sheet) if (A) TPG votes to accept the plan of reorganization for the Debtors (as defined in the RSA) implementing the Recapitalization Transaction (the “Plan”) and (B) all classes of creditors senior to TPG vote to accept, or are deemed to accept the Plan or, if (X) TPG votes to reject the Plan or (Y) any class of creditors votes to reject, or is deemed to reject, the Plan, TPG will receive no distribution or consideration under the Plan; and |

| • | the holders of Common Shares will receive no consideration. |

Consequences of RSA Termination If the Merger Agreement is terminated for the reasons set forth in the RSA, the RSA may also be terminated by the Consenting Parties, which may result in the Company and its subsidiaries commencing proceedings under chapter 7 or chapter 11 of the Bankruptcy Code without the support of the Consenting Parties. Such proceedings may result in recoveries for creditors or stockholders that are less than the distributions contemplated under the Recapitalization Transaction or resulting in no recovery for certain creditors and stockholders.

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You should also read and consider carefully the other information in this proxy statement, the Annexes to this proxy statement and the documents incorporated by reference herein, including the risk factors contained in the Company’s Annual Report on Form 10