Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 2, 2024, Michael J. Hatzfeld Jr., Vice President of Finance and Corporate Controller of Superior Industries International, Inc. (the “Company” or “Superior”), notified the Company of his intent to resign from his position at Superior effective January 12, 2024. Mr. Hatzfeld Jr. has elected to pursue an opportunity outside of Superior and his resignation was not the result of any disagreement relating to the Company’s operations, policies or practices. The Company thanks Mr. Hatzfeld Jr. for his commitment and service to Superior.
C. Timothy Trenary, Superior’s Executive Vice President and Chief Financial Officer, has been appointed to serve as the Company’s interim Chief Accounting Officer beginning on January 12, 2024 until the appointment of Mr. Hatzfeld Jr.’s permanent successor.
Mr. Trenary, 67, will continue to serve as the Company’s Executive Vice President and Chief Financial Officer, a position he has held since September 2020. Prior to joining Superior, Mr. Trenary was Executive Vice President and Chief Financial Officer at Commercial Vehicle Group, Inc. from 2013 to 2020. Previously, Mr. Trenary had served in several Chief Financial Officer roles, including ProBuild Holdings, LLC, EMCON Technologies Holdings Limited, and DURA Automotive Systems, Inc. In addition, he has previously served in various executive positions with both public and private companies. Mr. Trenary began his career in public accounting at Arthur Young & Co., now part of Ernst & Young, and holds a Bachelor of Arts degree from Michigan State University and a Master of Business Administration degree from the University of Detroit Mercy.
There are no transactions since the beginning of the Company’s last fiscal year in which the Company is a participant and in which Mr. Trenary or any members of his immediate family have any interest that are required to be reported under Item 404(a) of Regulation S-K. No family relationships exist between Mr. Trenary and any of the Superior’s directors or executive officers. The appointment of Mr. Trenary was not pursuant to any arrangement or understanding between him and any person, other than a director or executive officer of Superior acting in his or her official capacity.
No additional compensation or equity has been awarded to Mr. Trenary in connection with this appointment.
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