Company: SSUP
Filing Date: 2025-07-30
Form Type: PREM14A
Source: 0001140361-25-027895
Chunk: 67

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-07-30
Form: PREM14A
Chunk 67
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 comparable benefits from a subsequent employer. Following his resignation, and upon the consummation of the Merger, Mr. Abulaban will receive consideration in respect of his outstanding equity awards, including Company Restricted Stock Units and Company Performance Stock Units, in accordance with the terms of the Merger Agreement.

On July 29, 2025, the Company and Mr. Abulaban entered into a consulting agreement. Under the terms of the consulting agreement, Mr. Abulaban will be a consultant starting at the Effective Time, through December 31, 2025, and will be paid a monthly fee of $75,000.

Mr. Kakar, Mr. Dorah, Mr. Sherbin, Ms. Gilliam, Ms. Schulz and Mr. Giebel participate in the Executive Change in Control Severance Plan. Under the plan, if the employment of a participant is terminated by the Company without “Cause” (other than by reason of the Participant’s death or “Disability”) or the participant resigns for “Good Reason,” in either case within two years following a change in control, the participant will receive a one-time multiple (other than Mr. Kakar, Mr. Dorah and Mr. Sherbin, who each receive a two-times multiple) of the sum of both the participant’s annual base salary and the participant’s target annual bonus, paid in a lump sum within 60 days after termination.

Mr. Kakar, Mr. Dorah, Ms. Gilliam, Ms. Schulz and Mr. Giebel also participate in the Executive Severance Plan, absent a Change in Control. Upon termination by the executive for “Good Reason” or by the Company other than for “Cause”, the plan provides for the terminated executive to receive six months base salary (other than Mr. Kakar and Mr. Dorah who each receive twelve months base salary); a prorated amount of the executive’s current year annual bonus based on actual performance; a prorated number of Company Restricted Stock Units that have been outstanding at least six months, becoming 100% vested as of the date of employment termination; a prorated number of Company Performance Stock Units that have been outstanding at least six months, continuing after the executive’s employment termination, based on actual performance.

For an estimate of the value of the severance amounts described above that would be payable to each of the named executive officers, see “ Summary of Potential Transaction Payments to Named Executive Officers – Named Executive Officer Merger-Related Compensation ,”