Company: SSUP
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0001140361-25-012052
Chunk: 50

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 50
---
 Company performance, without considering matters such as interest income or expense, taxes, depreciation, amortization, restructuring and certain other costs, which generally do not relate to ongoing operational activities. The AIPP Adjusted EBITDA target for the AIPP was adopted after we conducted a rigorous bottom-up full range comprehensive business and financial planning analysis. The 2024 AIPP Adjusted EBITDA target of $164.6 million reflected continued reduced production volumes in the auto industry below pre-pandemic levels due to continued supply chain shortages and significant increased cost inflation. As a result, the Human Capital and Compensation Committee approved a performance goal level that is designed to be achieved if we meet our business plan. Under the AIPP for 2024, the target bonus percentages for the NEOs, with the exception of the CEO, ranged from 60% to 70% of base salary. For these NEOs, payout for financial metric performance can range from 0% to 200% of target, subject to the Human Capital and Compensation Committee’s business judgment assessment of the individual’s annual performance rating against pre-specified individual performance goals. The target bonus percentage for our CEO was 125% of base salary, based exclusively on Company financial performance, with payout ranging from 0% to 200% of target. The following table illustrates the payout opportunities under the AIPP Adjusted EBITDA and individual performance components of the AIPP for 2024.

| 2024 AIPP Adjusted EBITDA Target ($) |     |             |     | % of AIPP     
 Adjusted      
 EBITDA Target |     | CEO and         
 NEOs* Incentive 
 as % of         
 Target          |     | CEO*      
 Incentive 
 as % of   
 Target    |
| Threshold                            |     | 139,910,000 |     | 85.0%         |     | 50.0%           |     | 50.0%     |
| Target                               |     | 164,600,000 |     | 100.0%        |     | 100.0%          |     | 100.0%    |
| Maximum                              |     | 189,290,000 |     | >115%         |     | 200.0%          |     | 200.0%    |
| Actual Performance                   |     | 146,300,000 |     | 88.9%         |     | 63.2%           |