Company: SSUP
Filing Date: 2025-07-30
Form Type: PREM14A
Source: 0001140361-25-027895
Chunk: 102

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-07-30
Form: PREM14A
Chunk 102
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 the Board has determined to make a Change in Recommendation or to terminate the Merger Agreement in order to enter into the Alternative Acquisition Agreement, as applicable and (ii) prior to making such a Change in Recommendation or terminating the Merger Agreement, as applicable, used commercially reasonable efforts to engage in good faith with Parent (to the extent Parent wishes to engage) during such notice period, which may be on a non-exclusive basis, to consider any adjustments committed to in writing by Parent to the terms and conditions of the Merger Agreement such that the acquisition proposal ceases to constitute a superior proposal; and

| • | following the notice period, the Board has determined, in good faith, after consultation with its financial advisors and outside legal counsel, and taking into account any revised terms committed to in writing by Parent, such acquisition proposal 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