Company: SSUP
Filing Date: 2025-08-15
Form Type: DEFM14A
Source: 0001140361-25-031532
Chunk: 41

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-08-15
Form: DEFM14A
Chunk 41
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 Company retained Financial Advisor A to assist the Company with evaluating alternatives to address the upcoming maturity of the Company’s 6.000% Senior Notes due 2025 (the “Notes”), as well as to evaluate strategic alternatives regarding the Company’s Series A Preferred Shares. From February 2024 until August 2024, the Company and its advisors engaged and negotiated with various third parties to explore a strategic financing transaction. As a result of these efforts, on August 14, 2024, the Company amended and restated its existing term loan credit agreement, to, among other things, provide for a new $520.0 million term loan, the proceeds of which were subsequently applied, in part, to refinance the outstanding term loans under the Company’s term loan credit agreement and to discharge the outstanding principal amount of the Notes. In December 2024, given the right of the holders of the Series A Preferred Shares to unconditionally redeem such Series A Preferred Shares beginning on September 14, 2025, the Board determined it would be in the Company’s best interest to explore the strategic alternatives available to the Company. In connection with such exploration, the Board authorized the Company’s management to work with and engage Lazard Frères & Co. LLC (“Lazard”) based upon, among other factors, Lazard’s reputation, qualifications, expertise and experience in mergers and acquisitions, valuation, financing and capital markets and its familiarity with the Company and

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knowledge of the Company’s business and the industry in which the Company operates. Lazard was engaged to, among other matters, reach out to parties that might be interested in a potential strategic transaction with the Company and that might be able to provide an attractive offer price, and to report back to the Board in due course.

Between January 2025 and April 2025, at the direction of the Company’s management, representatives of Lazard, on behalf of the Company, conducted a broad outreach to those parties that the Company’s management, in consultation with Lazard, believed might have been interested in potentially exploring a strategic transaction with the Company, which resulted in representatives of Lazard and the Company’s management engaging with thirty-eight (38) different third parties, twenty-nine (29) of which were financial sponsors and nine (9) of which were strategic parties.

During January and February of 2025, the Company’s management held introductory awareness meetings with three (3) strategic parties and ten (10) financial sponsors, and, based on discussions with