Company: SSUP
Filing Date: 2025-08-15
Form Type: DEFM14A
Source: 0001140361-25-031532
Chunk: 56

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-08-15
Form: DEFM14A
Chunk 56
---
 the Transactions, including the Merger, upon the terms and subject to the conditions set forth in the Merger Agreement, (ii) determined that the Merger is in the best interests of the Company and its stockholders, (iii) directed that the Merger Agreement be submitted to the stockholders of the Company for adoption and (iv) resolved to recommend that the stockholders of the Company vote to adopt the Merger Agreement. On July 8, 2025, Parent obtained the applicable approvals from its equityholders to enter into the Merger Agreement. In the morning of July 8, 2025, the Company and Parent executed the Merger Agreement, the RSA and the Subscription Agreement. Concurrently, the Company executed the VSAs with each applicable counterparty and, prior to the opening of trading on the OTC Pink Open Market, the Company and Parent issued a joint press release announcing the Transactions and the execution of the Merger Agreement and related agreements. Recommendation of the Board At a meeting of the Transaction Committee on July 6, 2025, after careful consideration, including detailed discussions with the Company’s management, legal advisor and financial advisor, the Transaction Committee unanimously:

| • | approved and declared advisable, and recommended that the Board approve and declare advisable, the Merger Agreement, the execution, delivery and performance thereof and the consummation of the Transactions, including the Merger, upon the terms and subject to the conditions set forth in the Merger Agreement; |

| • | determined that the Merger is in the best interests of the Company and its stockholders; |

| • | recommended to the Board that the Merger Agreement be submitted to the Company’s stockholders for adoption; and |

| • | recommended to the Board that the Board recommend that the stockholders of the Company vote to adopt the Merger Agreement. |

At a meeting of the Board on July 6, 2025, after careful consideration, including detailed discussions with the Company’s management, legal advisor and financial advisor, the Board:

| • | approved and declared advisable the Merger Agreement, the execution, delivery and performance thereof and the consummation of the Transactions, including the Merger upon the terms and subject to the conditions set forth in the Merger Agreement; |

| • | determined that the Merger is in the best interests of the Company and its stockholders; |

| • | directed that the Merger Agreement be submitted to the stockholders of the Company for adoption; and |

| • | resolved to recommend