Company: SSUP
Filing Date: 2025-08-15
Form Type: DEFM14A
Source: 0001140361-25-031532
Chunk: 66

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-08-15
Form: DEFM14A
Chunk 66
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 CONTENTS
Additionally, (i) the amendment replaces “the eighteen (18) month anniversary of the termination date” as set forth on Section 4.2.3.4 of the Abulaban Employment Agreement with “the date Executive becomes eligible for Medicare (i.e., age 65)”, (ii) the amendment further provides that Mr. Abulaban’s payment of eighteen (18) months’ base salary shall be payable in a lump sum, rather than installments (to the maximum extent permittable under Section 409A of the Code) and (iii) the amendment further provides that Mr. Abulaban’s outstanding equity awards (including Company Restricted Stock Units and Company Performance Stock Units) shall remain outstanding following his resignation and be treated as any other Company Restricted Stock Units and Company Performance Stock Units in accordance with the terms of the Merger Agreement. Upon Mr. Abulaban’s resignation, Mr. Abulaban will receive severance compensation of eighteen (18) months’ base salary payable in a lump sum (to the maximum extent permittable under Section 409A of the Code); a prorated amount of his current year annual bonus based on actual performance; and health care continuation ending on the earlier of (i) the date Mr. Abulaban becomes eligible for Medicare (i.e., age 65) and (ii) the date as of which Mr. Abulaban becomes eligible to receive comparable benefits from a subsequent employer. Following his resignation, and upon the consummation of the Merger, Mr. Abulaban will receive consideration in respect of his outstanding equity awards, including Company Restricted Stock Units and Company Performance Stock Units, in accordance with the terms of the Merger Agreement.

On July 29, 2025, the Company and Mr. Abulaban entered into a consulting agreement. Under the terms of the consulting agreement, Mr. Abulaban will be a consultant starting at the Effective Time, through December 31, 2025, and will be paid a monthly fee of $75,000.

Mr. Kakar, Mr. Dorah, Mr. Sherbin, Ms. Gilliam, Ms. Schulz and Mr. Giebel participate in the Executive Change in Control Severance Plan. Under the plan, if the employment of a participant is terminated by the Company without “Cause” (other than by reason of the Participant’s death or “Disability”) or the participant resigns for “Good Reason,” in either case within two years following