Company: SSUP
Filing Date: 2025-07-08
Form Type: 8-K
Source: 0001193125-25-156459
Chunk: 1

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-07-08
Form: 8-K
Item: Item 1.01
Chunk 1
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 (the “ Effective Time”), each share of common stock, par value $0.01 per share, of the Company (each, a “ Common Share”) and each share of preferred stock, par value $0.01 per share designated as Series A Preferred Shares (the “ Series A Preferred Shares”), in each case, issued and outstanding immediately prior to the Effective Time (other than shares owned by (i) Parent or Merger Sub or any of their respective Subsidiaries, (ii) the Company as treasury stock (each such share referred to in clauses (i) and (ii), an “ Excluded Share” and, collectively, the “ Excluded Shares”) and (iii) holders of Common Shares (“ Dissenting Stockholders”) who have not voted in favor of the Merger or consented thereto and have properly exercised and perfected and not withdrawn, waived or lost a demand for appraisal rights pursuant to Section 262 of the Delaware General Corporation Law), will be converted into the right to receive:

  with respect to each Common Share, $0.09 per Common Share in cash, without interest thereon (the “ Common Stock Merger Consideration ” and the aggregate of such amount for all Common Shares, th...  

  with respect to each Series A Preferred Share, (1) an amount equal to the quotient of (x) the product of (a) the Aggregate Merger Consideration plus the aggregate consideration payable to the h...  

Treatment of Equity Awards

At the Effective Time, each outstanding equity award will be treated as follows:

  Each outstanding time-based restricted stock unit (a “ Company Restricted Stock Unit ”) that was granted under the Company’s 2018 Equity Incentive Plan (the “ Company Stock Plan ”) that is outs...  

  Each outstanding performance-based restricted stock unit (a “ Company Performance Stock Unit ”) that was granted under the Company Stock Plan that is outstanding as of immediately prior to the ...  

Representations and Warranties

The Merger Agreement contains customary representations and warranties of the Company with respect to, among other things, (i) entity organization, good standing and qualifications, (ii) capital structure, (iii) authorization to enter into the Merger Agreement, (iv) consents and approvals, (v) financial statements, (vi) absence of changes, (vii) litigation, (viii) undisclosed liabilities, (ix) employee benefits, (x) labor matters, (xi) compliance with laws and licenses, (xii)