Superior Industries International (SUP) investor relations material

Executive summary

• A special meeting is scheduled for September 15, 2025, to vote on a merger agreement where the company will be acquired by an affiliate of its term loan lenders, becoming a wholly owned subsidiary of Parent.

• The merger consideration is $0.09 per common share in cash and a mix of cash and 3.5% of Parent's equity for Series A Preferred shareholders.

• The transaction is part of a broader recapitalization to address liquidity challenges and avoid bankruptcy, with a recapitalization support agreement in place with all term loan lenders.

• If the merger is not approved, the company is expected to file for Chapter 11 bankruptcy, with common shareholders receiving no recovery in that scenario.

Voting matters and shareholder proposals

• Stockholders will vote on: (1) adoption of the merger agreement, (2) a non-binding advisory vote on merger-related executive compensation, and (3) adjournment of the meeting if needed.

• Approval of the merger requires a majority of the voting power of outstanding shares, including Series A Preferred on an as-converted basis.

• Voting and support agreements have been signed by holders representing about 39% of voting power, obligating them to vote in favor of the merger.

Board of directors and corporate governance

• The board and a special transaction committee unanimously recommend voting in favor of the merger, citing it as the best available option for shareholders.

• The merger agreement allows the board to consider superior proposals and change its recommendation under certain conditions.

• Post-merger, the board of the surviving corporation will be composed of the directors of Merger Sub.