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 | (Commission File Number) | (IRS Employer | ||
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26600 Telegraph Road Suite 400 |
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Southfield, Michigan |
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(Address of Principal Executive Offices) |
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Registrant’s Telephone Number, Including Area Code: 248 352-7300 |
Not Applicable |
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(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:
Securities registered pursuant to Section 12(b) of the Act:
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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
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Director Nominees |
| Votes For |
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| Votes |
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| Broker |
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Majdi B. Abulaban |
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| 22,607,728 |
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| 108,080 |
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| 5,303,983 |
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Raynard D. Benvenuti |
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| 21,958,025 |
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| 757,783 |
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| 5,303,983 |
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Michael R. Bruynesteyn |
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| 18,538,949 |
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| 4,176,859 |
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| 5,303,983 |
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Richard J. Giromini |
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| 22,012,419 |
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| 703,389 |
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| 5,303,983 |
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Paul J. Humphries |
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| 18,493,784 |
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| 4,222,024 |
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| 5,303,983 |
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Ransom A. Langford |
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| 22,467,209 |
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| 248,599 |
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| 5,303,983 |
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Timothy C. McQuay |
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| 22,518,095 |
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| 197,713 |
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| 5,303,983 |
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Ellen B. Richstone |
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| 21,904,305 |
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| 811,503 |
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| 5,303,983 |
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Proposal Two: Amendment to the 2018 Equity Plan of the Company
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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
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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 |
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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
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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.
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| Superior Industries International, Inc. |
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Date: | May 18, 2023 | By: | /s/ David M. Sherbin |
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| David M. Sherbin |