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EX-99.1 - EX-99.1 - SUPERIOR INDUSTRIES INTERNATIONAL INCd33591dex991.htm

 

 

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):  July 6, 2020

 

 

SUPERIOR INDUSTRIES INTERNATIONAL, INC.

(Exact Name of Registrant as Specified in Its Charter)

 

 

 

Delaware   1-6615   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

(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

 

Name of Each Exchange

on Which Registered

Common Stock, $0.01 par value   SUP   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(e) of the Exchange Act  ☐

 

 

 


Item 2.02

Results of Operations and Financial Condition

On July 9, 2020, the Company issued a press release disclosing certain preliminary financial information regarding second quarter of 2020 cash and liquidity positions and performance which is attached as Exhibit 99.1 hereto and incorporated herein by reference.

 

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On July 6, 2020, Matti Masanovich, Executive Vice President and Chief Financial Officer of Superior Industries International, Inc. (the “Company”) notified the Company of his decision to resign, effective August 6, 2020 to accept a new position at Tenneco, Inc. a global OEM and aftermarket automotive supplier with 2019 revenue of more than $17 billion. Mr. Masanovich confirmed that his resignation did not result from a disagreement with the Company on any matter relating to its strategy, management, operations, policies or practices, including its controls, accounting, and other matters related to the finances of the Company. On July 9, 2020, the Company issued a press release relating to Mr. Masanovich’s resignation which is attached as Exhibit 99.1 hereto and incorporated herein by reference.

The Company has initiated a search for a Chief Financial Officer.

 

Item 9.01

Financial Statements and Exhibits

 

(d)

Exhibits:

 

Exhibit

Number

  

Exhibit

Description

99.1    Press Release, dated July 9, 2020, as issued by Superior Industries International, Inc.


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.

 

(Registrant)

Date:  July 9, 2020

 

/s/  Majdi Abulaban

 

Majdi Abulaban

 

President and Chief Executive Officer