Company: SSUP
Filing Date: 2025-08-15
Form Type: DEFM14A
Source: 0001140361-25-031532
Chunk: 101

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-08-15
Form: DEFM14A
Chunk 101
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. Superior Proposal Exception to Change in Recommendation Provision or Entry into an Alternative Acquisition Agreement At any time after the date of the Merger Agreement and prior to the adoption of the Merger Agreement by the Company’s stockholders, in response to a written acquisition proposal received by the Company, the Board may make a Change in Recommendation or terminate the Merger Agreement in accordance with its termination provisions in order to enter into the Alternative Acquisition Agreement with respect to such acquisition proposal, or authorize, resolve, agree or propose publicly to take any such actions, 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 such acquisition proposal constitutes 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 promptly notified to Parent; |

| • | the Company has (i) provided to Parent three (3) business days’ prior written notice, which notice will include an unredacted copy of the Alternative Acquisition Agreement, if applicable and not previously provided, and other relevant documents related to the superior proposal, and will state (a) that it has |

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received a written acquisition proposal that constitutes a superior proposal, (b) the material terms of the acquisition proposal (it being understood and agreed that any amendment to the financial terms or any other material term of such superior proposal will require a new written notice, except that the notice period will be reduced to two (2) business days) and (c) that, subject to the next bullet, 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