8-K
0000095552false00000955522023-05-172023-05-17

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 17, 2023

 

 

SUPERIOR INDUSTRIES INTERNATIONAL, INC.

(Exact name of Registrant as Specified in Its Charter)

 

 

Delaware

001-06615

95-2594729

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

26600 Telegraph Road

Suite 400

 

Southfield, Michigan

 

48033

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: 248 352-7300

 

Not Applicable

 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class

 

Trading
Symbol(s)

 


Name of each exchange on which registered

Common Stock, $0.01 par value

 

SUP

 

The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory

Arrangements of Certain Officers

 

On May 17, 2023, the stockholders of Superior Industries International, Inc. (the “Company”) approved an amendment to the Superior Industries International, Inc. 2018 Equity Incentive Plan (the “2018 Equity Plan”) at the Company’s annual meeting of stockholders (the “Annual Meeting”). Among other things, the amendment increases the number of shares authorized for issuance under the 2018 Equity Plan by 3,400,000.

 

The material terms of the 2018 Equity Plan, as amended, are described in the Company’s definitive proxy statement, dated March 30, 2023, under the heading “Proposal No. 3 — Approval of an Amendment to the Superior Industries International, Inc. 2018 Equity Incentive Plan”, which is incorporated herein by reference.

 

The description of the 2018 Equity Plan, as amended, is qualified in its entirety by reference to the full text of the 2018 Equity Plan, as amended, a copy of which is attached hereto as Exhibit 10.1.

Item 5.07 Submission of Matters to a Vote of Security Holders.

On May 17, 2023, Superior Industries International, Inc. held its annual meeting of stockholders (the “Annual Meeting”). Set forth below are the final voting totals as provided by Broadridge Financial Solutions, Inc., the independent inspector of elections for the Annual Meeting.

 

Proposal One: Election of Directors

 

 

 

 

 

 

 

 

 

 

 

 

 

Director Nominees

 

Votes For

 

 

Votes
Withheld

 

 

Broker
Non-Votes

 

Majdi B. Abulaban

 

 

22,607,728

 

 

 

108,080

 

 

 

5,303,983

 

Raynard D. Benvenuti

 

 

21,958,025

 

 

 

757,783

 

 

 

5,303,983

 

Michael R. Bruynesteyn

 

 

18,538,949

 

 

 

4,176,859

 

 

 

5,303,983

 

Richard J. Giromini

 

 

22,012,419

 

 

 

703,389

 

 

 

5,303,983

 

Paul J. Humphries

 

 

18,493,784

 

 

 

4,222,024

 

 

 

5,303,983

 

Ransom A. Langford

 

 

22,467,209

 

 

 

248,599

 

 

 

5,303,983

 

Timothy C. McQuay

 

 

22,518,095

 

 

 

197,713

 

 

 

5,303,983

 

Ellen B. Richstone

 

 

21,904,305

 

 

 

811,503

 

 

 

5,303,983

 

 

 

Proposal Two: Amendment to the 2018 Equity Plan of the Company

 

 

 

 

 

 

 

 

For

 

Against

 

Abstain

 

Broker Non-Votes

20,924,232

 

1,697,833

 

93,743

 

5,303,983

 

Proposal Three: Advisory Vote on Executive Compensation of the Company's Named Executive Officers

 

 

 

 

 

 

 

 

For

 

Against

 

Abstain

 

Broker Non-Votes

21,560,177

 

1,048,857

 

106,774

 

5,303,983

 

Proposal Four: Advisory Vote on the Frequency of the Advisory Vote on Executive Compensation of the Company's Named Executive Officers

 

Every

 

Every 2

 

Every 3

 

 

 

 

Year

 

Years

 

Years

 

Abstain

 

Broker Non-Votes

21,738,166

 

25,990

 

857,425

 

94,227

 

5,303,983

 

In line with the results set forth above, the Board of Directors of the Company has determined that the Company will continue to include an advisory vote on named executive officer compensation in the Company’s proxy statement every year until the next required vote on the frequency of such votes.

 

 


Proposal Five: Ratification of Independent Registered Public Accounting Firm

 

 

 

 

 

For

 

Against

 

Abstain

27,696,492

 

259,831

 

63,468

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

 

Exhibit

Number Exhibit Description .

 

10.1 Superior Industries International, Inc. 2018 Equity Incentive Plan, as amended and restated

104 Cover Page Interactive Data File (embedded within the Inline XBRL Document)

 

 

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

Superior Industries International, Inc.

 

 

 

 

Date:

May 18, 2023

By:

/s/ David M. Sherbin

 

 

 

David M. Sherbin
Senior Vice President, General Counsel, Chief Compliance Officer and Corporate Secretary