Company: SSUP
Filing Date: 2025-07-30
Form Type: PREM14A
Source: 0001140361-25-027895
Chunk: 13

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-07-30
Form: PREM14A
Chunk 13
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 the members of the Board under applicable law. |

The Merger Agreement also provides that, at any time before the stockholders of the Company adopt the Merger Agreement, the Board may effect a Change in Recommendation (as defined below) (or, solely for clause (i), terminate the Merger Agreement to accept a superior proposal) (i) with respect to a written acquisition proposal if the Board determines in good faith, after consultation with its financial advisor and outside legal counsel, that such acquisition proposal constitutes a superior proposal (taking into account any adjustments committed to in writing by Parent to the terms and conditions of the Merger Agreement such that such acquisition proposal ceases to constitute a superior proposal) and, in the case of a Change in Recommendation, 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 and such determination has been properly notified to Parent, or (ii) upon an intervening event, subject to certain conditions and taking into account 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 such intervening event would no longer reasonably be

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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 “no solicitation” provisions are described in more detail in the section entitled “ The Merger Agreement - Acquisition Proposals,” beginning on page 54.

Voting and Support Agreements (see page 67, Annex Band Annex C) Concurrently with the execution of the Merger Agreement on July 8, 2025, the Company entered into Voting and Support Agreements with each of TPG Growth III Sidewall, L.P. (“TPG”) (such agreement, the “Preferred VSA”), each director, and certain officers and other stockholders (the “Common Supporting Stockholders” and, together with TPG, the “Supporting Stockholders”) (such agreement, the “Common VSA” and, together with the Preferred VSA, the “VSAs”), with respect to their Shares. The Shares owned by the Supporting Stockholders collectively represent approximately 39% of the voting power of the Common Shares and Series A Preferred Shares (on an as-converted basis) outstanding as of July 25, 2025. Pursuant to the VSAs, each Supporting Stockholder agreed to