Private company

SUPERIOR INDUSTRIES INTERNATIONAL INC

SUPERIOR INDUSTRIES INTERNATIONAL INC is an American motor vehicle parts and accessories company based in Southfield.2

Last updated Oct 20, 2026.

Overview

  • IndustryMotor Vehicle Parts & Accessories2
  • HeadquartersSouthfield, United States2
  • Incorporated inDE3
  • Business address26600 Telegraph Road, Southfield, Mi 480333
  • Filer categoryAccelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI54930065O5ZIQD1F8U042
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 57141942

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The principal business of Superior Industries International, Inc. (referred to herein as the “Company,” “Superior,” or “we” and “our”) is the design and manufacture of aluminum wheels for sale to original equipment manufacturers (“OEMs”) in North America and Europe, and to the aftermarket in Europe. Superior was initially incorporated in Delaware in 1969. Our entry into the OEM aluminum wheel business in 1973 resulted from our successful development of manufacturing technology, quality control, and quality assurance techniques that enabled us to satisfy the quality and volume requirements of the OEM market for aluminum wheels. The first aluminum wheel for a domestic OEM customer was a Mustang wheel for Ford. On May 30, 2017, we acquired a majority interest in UNIWHEELS AG, which was a European supplier of OEM and aftermarket aluminum wheels. UNIWHEELS AG was renamed in 2018 to Superior I…5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

8.7%Gross margin6
2.3%Operating margin6
-6.2%Net margin6
-8.5%Revenue growth, 20246
-$10.0MFree cash flow6

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue92¢$1.2B
  • Selling, general and admin6¢$81.3M
  • Income tax2¢$25.5M

Out of $1.3B in revenue.6 The company lost money this year.

Where each dollar of operating cash went, fiscal 2024

  • Capital spending89¢$28.3M
  • Dividends paid11¢$3.4M

Out of $18.3M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.6

Financial statements

Revenue78910116$1.3B in 2024−16% since 2018
0$500.0M$1.0B$1.5B$2.0B2018: $1.5B$1.5B20182019: $1.4B$1.4B2019−9%2020: $1.1B$1.1B2020−20%2021: $1.4B$1.4B2021+26%2022: $1.6B$1.6B2022+18%2023: $1.4B$1.4B2023−16%2024: $1.3B$1.3B2024−9%
Gross profit78910116$110.5M in 2024−32% since 2018
0$50.0M$100.0M$150.0M$200.0M2018: $163.5M$163.5M20182019: $116.1M$116.1M2019−29%2020: $65.6M$65.6M2020−43%2021: $114.7M$114.7M2021+75%2022: $166.4M$166.4M2022+45%2023: $115.7M$115.7M2023−30%2024: $110.5M$110.5M2024−5%
Operating income78910116$29.3M in 2024−66% since 2018
-$200.0M-$100.0M0$100.0M2018: $85.8M$85.8M20182019: -$50.1M-$50.1M20192020: -$180.4M-$180.4M2020+260%2021: $55.4M$55.4M20212022: $98.0M$98.0M2022+77%2023: -$51.4M-$51.4M20232024: $29.3M$29.3M2024
Net income78910116-$78.2M in 2024
-$300.0M-$200.0M-$100.0M0$100.0M2018: $26.0M$26.0M20182019: -$96.5M-$96.5M20192020: -$243.6M-$243.6M2020+152%2021: $3.8M$3.8M20212022: $37.0M$37.0M2022+887%2023: -$92.9M-$92.9M20232024: -$78.2M-$78.2M2024−16%
Fiscal year2018201920202021202220232024
Revenue$1.5B7$1.4B8$1.1B9$1.4B10$1.6B11$1.4B6$1.3B6
Cost of revenue$1.3B15$1.3B8$1.0B9$1.3B10$1.5B11$1.3B6$1.2B6
Gross profit$163.5M7$116.1M8$65.6M9$114.7M10$166.4M11$115.7M6$110.5M6
Research and development$5.7M15
Selling, general and admin$77.7M7$63.9M8$52.4M9$59.3M10$68.3M11$87.6M6$81.3M6
Operating expenses$1.4B6$1.2B6
Operating income$85.8M7-$50.1M8-$180.4M9$55.4M10$98.0M11-$51.4M6$29.3M6
Income before tax$11.2M10$51.1M11-$116.8M6-$52.7M6
Income tax$6.3M7$3.4M8$14.9M9$7.4M10$14.1M11-$23.9M6$25.5M6
Net income$26.0M7-$96.5M8-$243.6M9$3.8M10$37.0M11-$92.9M6-$78.2M6
Earnings per share$0.297-$5.108-$10.819-$1.1710$0.0211-$4.736-$4.256
Earnings per share (diluted)$0.297-$5.108-$10.819-$1.1710$0.0211-$4.736-$4.256
Shares (weighted, basic)26.0K shares1026.8K shares1127.9K shares628.7K shares6
Shares (weighted, diluted)26.0K shares1027.6K shares1127.9K shares628.7K shares6

Compare SUPERIOR INDUSTRIES INTERNATIONAL INC with another company

Corporate structure

SUPERIOR INDUSTRIES INTERNATIONAL INC sits at the top of its group. 21 entities, 6 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of SUPERIOR INDUSTRIES INTERNATIONAL INC

  • SUP Parent Holdings, LLC Filed SCHEDULE 13D/A on SUPERIOR INDUSTRIES INTERNATIONAL INC, latest Dec 10, 2025 (2 filings since Aug 20, 2025)
  • Riva Ridge Capital Management LP Filed SCHEDULE 13G on SUPERIOR INDUSTRIES INTERNATIONAL INC, latest Nov 14, 2025 (2 filings since Jul 30, 2025)
  • Mill Road Capital III, L.P. Filed SC 13D/A on SUPERIOR INDUSTRIES INTERNATIONAL INC, latest Jan 12, 2024 (8 filings since Oct 15, 2021)
  • TPG GP A, LLC Filed SC 13D/A on SUPERIOR INDUSTRIES INTERNATIONAL INC, latest Jan 18, 2022
  • SUPERIOR INDUSTRIES INTERNATIONAL INC Southfield, Michigan, United States
    • Uniwheels Group Bad Durkheim, Germany
    • SIIP Holdings, LLC Subsidiary · Delaware, United States
    • Superior Industries Automotive Germany GmbH Subsidiary · Germany
    • Superior Industries de Mexico, S. de R.L. de C.V. Subsidiary · Mexico
    • Superior Industries Europe AG Subsidiary · Germany
    • Superior Industries International (Dutch) B.V. Subsidiary · Netherlands
    • Superior Industries International Arkansas, LLC Subsidiary · Delaware, United States
    • Superior Industries International Asset Management, LLC Subsidiary · Delaware, United States
    • SUPERIOR INDUSTRIES INTERNATIONAL GERMANY GMBH Subsidiary · Bad Durkheim, Germany
    • Superior Industries International Holdings, LLC Subsidiary · Delaware, United States
    • Superior Industries International Michigan, LLC Subsidiary · Delaware, United States
    • Superior Industries International Netherlands B.V. Subsidiary · Netherlands
    • Superior Industries International Production S.R.L. Subsidiary · Costa Rica
    • SUPERIOR INDUSTRIES LEICHTMETALLRÄDER GERMANY GMBH Subsidiary · Bad Durkheim, Germany
    • Superior Industries North America, S. de R.L. de C.V. Subsidiary · Mexico
    • Superior Industries Production (Poland) Sp. z.o.o. Subsidiary · Poland
    • SUPERIOR INDUSTRIES PRODUCTION POLAND SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ Subsidiary · Steel Will, Poland
    • Superior Industries Trading de Mexico, S. de R.L. de C.V. Subsidiary · Mexico
    • Superior Poland Europe Sp. z.o.o. Subsidiary · Poland
    • Superior Shared Services S. de R.L. de C.V. Subsidiary · Mexico

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What SUPERIOR INDUSTRIES INTERNATIONAL INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$1.0B6 Dec 31, 2024$1.1B6 Dec 31, 2023−6.6%
Accumulated depreciation$709.5M6 Dec 31, 2024$714.7M6 Dec 31, 2023−0.7%
Property and equipment, net$329.9M6 Dec 31, 2024$398.6M6 Dec 31, 2023−17.2%
Finance-lease assets$1.6M6 Dec 31, 2024$1.4M6 Dec 31, 2023+9.9%
Operating-lease assets (leased space)$7.1M6 Dec 31, 2024$10.0M6 Dec 31, 2023−29.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$40.1M6 Dec 31, 2024$201.6M6 Dec 31, 2023−80.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$12.6M6 Dec 31, 2024$33.2M6 Dec 31, 2023−62.1%

Inventory

ItemLatestA year beforeChange
Inventory, total$145.7M6 Dec 31, 2024$144.6M6 Dec 31, 2023+0.8%
Work in process$34.4M6 Dec 31, 2024$25.3M6 Dec 31, 2023+36.2%
Finished goods$76.9M6 Dec 31, 2024$74.8M6 Dec 31, 2023+2.9%

Properties, in its own words

Our worldwide headquarters is located in Southfield, Michigan. In our North American operations, we maintain and operate four facilities that manufacture aluminum wheels for the automotive industry. These facilities are located in Chihuahua, Mexico. We own all of our manufacturing facilities in North America. We lease our worldwide headquarters located in Southfield, Michigan and a shared service center in Chihuahua, Mexico.

Our European operations include four locations. The European headquarters is located in Bad Dürkheim, Germany which includes our European management, sales and distribution functions, as well as the logistics center and warehouse for the aftermarket business. The European manufacturing operations are located in Stalowa Wola, Poland and consist of three facilities. Our European business also includes a location in Lüdenscheid, Germany, that supports our research and development in Europe and a shared service center in Krakow, Poland. We own all of our manufacturing facilities in Europe and we lease our Lüdenscheid facility, our European headquarters in Bad Dürkheim, Germany, and our shared service center in Krakow, Poland.

The rest of Item 2

In general, our manufacturing facilities, which have been constructed at various times, are in good operating condition and are adequate to meet our current production capacity requirements. Active maintenance programs keep these facilities in good condition, and we have an active capital spending program to replace equipment as needed to maintain factory reliability and remain technologically competitive on a worldwide basis.

Item 2 of the 10-K filed Mar 6, 2025.5

Leadership

Who has led SUPERIOR INDUSTRIES INTERNATIONAL INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Steven J. Borick2007–2013
  2. Donald J. Stebbins2014–2018
  3. Majdi Abulaban2019–now

Chair

  1. Louis L. Borick2006–2007
  2. Steven J. Borick2007–2011

President

  1. Steven J. Borick2006–2013

Chief financial officer

  1. R. Jeffrey Ornsteon2006–2007
  2. Emil J. Fanelli2007
  3. Erika H. Turner2008–2009
  4. Kerry A. Shiba2010–2017
  5. Nadeem Moiz2017–2018
  6. Karsten Obenaus2018–2020
  7. Matti Masanovich2018–2020
  8. Troy W. Ford2020
  9. Timothy Trenary2020–2025
  10. Shane J. Giebel2025–now

Chief operating officer

  1. Michael Dorah2024–now
2010201520202025
Board members and other officers (57)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • SIIP Holdings, LLC Delaware, U.S.A.4
  • Superior Industries Automotive Germany GmbH Germany4
  • Superior Industries Europe AG Germany4
  • Superior Industries International (Dutch) B.V. The Netherlands4
  • Superior Industries International Arkansas, LLC Delaware, U.S.A.4
  • Superior Industries International Asset Management, LLC Delaware, U.S.A.4
  • Superior Industries International Germany GmbH Germany4
  • Superior Industries International Holdings, LLC Delaware, U.S.A.4
  • Superior Industries International Michigan, LLC Delaware, U.S.A.4
  • Superior Industries International Netherlands B.V. The Netherlands4
  • Superior Industries International Production S.R.L. Costa Rica4
  • Superior Industries Leichtmetallräder Germany GmbH Germany4
  • Superior Industries North America, S. de R.L. de C.V. Chihuahua, Mexico4
  • Superior Industries Production (Poland) Sp. z.o.o. Poland4
  • Superior Industries Trading de Mexico, S. de R.L. de C.V. Chihuahua, Mexico4
  • Superior Industries de Mexico, S. de R.L. de C.V. Chihuahua, Mexico4
  • Superior Poland Europe Sp. z.o.o. Poland4
  • Superior Shared Services S. de R.L. de C.V. Chihuahua, Mexico4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Dec 8, 20258-K Entered a material agreement; Completed an acquisition or sale; New debt or obligation88
  2. Sep 15, 20258-K Shareholder vote89
  3. Aug 19, 20258-K Executive or director change90
  4. Aug 15, 20258-K Unregistered sale of shares91
  5. Jul 22, 20258-K Executive or director change92
  6. Jul 11, 20258-K Executive or director change93
  7. Jul 9, 20258-K Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure94
  8. Jul 8, 20258-K Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure95
  9. Jun 25, 20258-K Listing notice or transfer; Regulation FD disclosure96
  10. Jun 24, 20258-K Listing notice or transfer; Regulation FD disclosure97
  11. Jun 6, 20258-K Entered a material agreement; New debt or obligation98
  12. Jun 5, 20258-K Listing notice or transfer; Regulation FD disclosure99
  13. May 16, 2019New chief executive Majdi Abulaban becomes CEO16
  14. May 4, 2015Founded SUPERIOR INDUSTRIES INTERNATIONAL INC is founded2
  15. May 7, 2014New chief executive Donald J. Stebbins becomes CEO17
  16. Nov 20, 2007New chief executive Steven J. Borick becomes CEO18

Calendar

When it reported results

  1. May 12, 2025Reported quarterly or annual results100
  2. Mar 6, 2025Reported quarterly or annual results101
  3. Nov 7, 2024Reported quarterly or annual results102
  4. Aug 8, 2024Reported quarterly or annual results103
  5. May 2, 2024Reported quarterly or annual results104
  6. Mar 7, 2024Reported quarterly or annual results105
  7. Nov 1, 2023Reported quarterly or annual results106
  8. Aug 3, 2023Reported quarterly or annual results107

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

276 filings to the SEC since October 2021: 4 annual reports, 13 quarterly reports, 47 major events, 162 insider forms, 13 large holders, 37 other. The latest 20:

  1. Dec 19, 202510-Q EDGAR
  2. Dec 19, 202515-12G EDGAR
  3. Dec 10, 2025SCHEDULE 13D/A EDGAR
  4. Dec 8, 2025S-8 POS EDGAR
  5. Dec 8, 2025S-8 POS EDGAR
  6. Dec 8, 2025S-8 POS EDGAR
  7. Dec 8, 2025S-8 POS EDGAR
  8. Dec 8, 2025S-8 POS EDGAR
  9. Dec 8, 2025S-8 POS EDGAR
  10. Dec 8, 2025S-8 POS EDGAR
  11. Dec 8, 20258-K EDGAR
  12. Nov 18, 2025NT 10-Q/A EDGAR
  13. Nov 14, 2025SCHEDULE 13G EDGAR
  14. Nov 12, 2025NT 10-Q EDGAR
  15. Sep 15, 20258-K EDGAR
  16. Aug 20, 2025SCHEDULE 13D EDGAR
  17. Aug 19, 20258-K EDGAR
  18. Aug 15, 2025DEFA14A EDGAR
  19. Aug 15, 20258-K EDGAR
  20. Aug 15, 2025DEFM14A EDGAR

The 276 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

91 open-market trades by officers, directors and large owners since October 2021: 64 buys and 27 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 18, 2023Mill Road Capital III, L.P.10% ownerBuy11,020$3.56$39.2KForm 4
Aug 17, 2023Mill Road Capital III, L.P.10% ownerBuy12,322$3.57$44.0KForm 4
Aug 16, 2023Mill Road Capital III, L.P.10% ownerBuy15,433$3.60$55.6KForm 4
Aug 15, 2023Mill Road Capital III, L.P.10% ownerBuy12,226$3.61$44.1KForm 4
Aug 14, 2023Mill Road Capital III, L.P.10% ownerBuy3,869$3.65$14.1KForm 4
Aug 11, 2023Mill Road Capital III, L.P.10% ownerBuy1,942$3.66$7.1KForm 4
Aug 7, 2023Mill Road Capital III GP LLC10% ownerBuy9,352$3.64$34.0KForm 4
Aug 4, 2023Mill Road Capital III GP LLC10% ownerBuy211$3.68$776Form 4
Aug 3, 2023Mill Road Capital III GP LLC10% ownerBuy67,695$3.68$249.1KForm 4
Jul 14, 2023Trenary TimothyChief Financial OfficerSale12,899$3.59$46.3KForm 4
Jul 13, 2023Trenary TimothyChief Financial OfficerSale10,628$3.67$39.0KForm 4
Jul 12, 2023Trenary TimothyChief Financial OfficerSale20,900$3.67$76.7KForm 4
Jul 11, 2023Trenary TimothyChief Financial OfficerSale3,585$3.58$12.8KForm 4
Jul 10, 2023Trenary TimothyChief Financial OfficerSale2,700$3.56$9.6KForm 4
Jul 7, 2023Trenary TimothyChief Financial OfficerSale4,586$3.52$16.1KForm 4
Jul 6, 2023Trenary TimothyChief Financial OfficerSale2,300$3.52$8.1KForm 4
Jul 5, 2023Trenary TimothyChief Financial OfficerSale17,402$3.56$62.0KForm 4
Jul 3, 2023Trenary TimothyChief Financial OfficerSale3,053$3.68$11.2KForm 4
Jun 30, 2023Trenary TimothyChief Financial OfficerSale11,326$3.58$40.5KForm 4
Jun 29, 2023Trenary TimothyChief Financial OfficerSale7,875$3.55$28.0KForm 4

All 91 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2024Majdi AbulabanPresident and Chief Executive Officer61$900.0K$4.8M112
2024Michael DorahExecutive Vice President, Chief Operating Officer$525.0K$1.8M112
2024Parveen KakarSenior Vice President, Chief Commercial & Technology Officer$458.6K$1.1M112
2024Timothy TrenaryFormer Executive Vice President, Chief Financial Officer$397.8K$879.9K112
2023Majdi AbulabanPresident and Chief Executive Officer61$850.0K$5.8M112
2023Timothy TrenaryFormer Executive Vice President, Chief Financial Officer$510.0K$1.5M112
2023Michael DorahExecutive Vice President, Chief Operating Officer$475.0K$1.4M112
2023Parveen KakarSenior Vice President, Chief Commercial & Technology Officer$432.6K$1.1M112

SEC filer profile

How SUPERIOR INDUSTRIES INTERNATIONAL INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSUPERIOR INDUSTRIES INTERNATIONAL INC1
  • CIK0000095552
  • Employer ID (EIN)95-25947295
  • Filer statusAccelerated filer not an emerging growth company; a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsDecember 311
  • Industry code (SIC)3714 Motor Vehicle Parts & Accessories1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address26600 Telegraph Road, Southfield, MI 480331
  • Phone248-352-73001
  • Shares outstanding37,298,422 as of Nov 7, 202514
  • Public float$93.9M as of Jun 30, 20245
  • AuditorDeloitte & Touche LLP, Detroit, Michigan PCAOB ID 34; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceFeb 10, 19941
  • Filings1,742 in all: 4 (833), 8-K (245), 10-Q (96), SC 13G/A (84), SC 13D/A (73), 3 (60), DEFA14A (53), SC 13G (40)1
    All 46 form types

    DEF 14A (28), UPLOAD (27), 10-K (25), 5 (18), 4/A (17), CORRESP (17), 8-K/A (12), PREC14A (9), DEFC14A (8), DFAN14A (8), PRER14A (8), PRRN14A (8), S-8 (7), S-8 POS (7), 10-K/A (6), 10-K405 (6), NT 10-Q (6), NT 10-K (5), SC 13D (5), 144 (4), 3/A (4), ARS (3), PRE 14A (3), SC TO-I/A (2), SCHEDULE 13G (2), 10-Q/A (1), 15-12G (1), 25-NSE (1), 8-B12B (1), DEFM14A (1), DEFR14A (1), EFFECT (1), NT 10-Q/A (1), PREM14A (1), S-3 (1), SC TO-I (1), SCHEDULE 13D (1), SCHEDULE 13D/A (1)

  • Latest filingsAnnual report (10-K) Mar 6, 2025
    Quarterly report (10-Q) Dec 19, 2025
    Proxy statement (DEF 14A) Apr 3, 2025
    Latest 8-K (8-K) Dec 8, 2025

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.01 par valueSUPNew York Stock Exchange

From the cover page of the 10-K filed Mar 6, 2025 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks SUPERIOR INDUSTRIES INTERNATIONAL INC names in Item 1A of its 10-K filed Mar 6, 2025: 29 risks under these headings, as written.5

  • Industry and Economic Risks
  • The automotive industry is cyclical and volatility in the automotive industry could adversely affect our financial performance.
  • We operate in a highly competitive industry and efforts by our competitors to gain market share could adversely affect our financial performance.
  • Pandemics, epidemics, and other public health crises and the measures taken in response thereto may have a material adverse effect on our business, results of operations, financial condition, and cash flows.
  • Risks Relating to Our Business, Strategy and Operations
  • A limited number of customers represent a large percentage of our sales. The loss of a significant customer or decrease in demand could adversely affect our operating results.
  • We may be unable to successfully launch new products and/or achieve technological advances which could adversely affect our ability to compete resulting in an adverse effect on our financial condition, operating results and cash flows.
  • Increases in the costs and restrictions on availability of raw materials could adversely affect our operating margins and cash flow.
  • Aluminum and alloy pricing, and the timing of our receipt of payment from customers for aluminum and certain other raw material price fluctuations, may have a material effect on our operating margins and cash flows.
  • Any protracted labor disruption, such as a strike by unionized employees of our customers, may have a material adverse effect on our business, results of operations, cash flows and financial condition.
  • We experience continual pressure from our customers to reduce costs and, if we are unable to generate sufficient cost reductions, our revenues, operating margins and cash flows could be adversely affected.
  • We may be unable to successfully implement cost-saving measures or achieve expected benefits under our plans to improve operations which could negatively affect our financial position, results of operations and cash flow.
The other 19 risks
  • We may be unable to attract and retain key personnel, including our senior management team, which may adversely affect our ability to conduct our business.
  • Legal, Compliance and Regulatory Risks
  • We are from time to time subject to litigation, which could adversely affect our results of operations, financial condition or cash flows.
  • International trade agreements and our international operations make us vulnerable to risks associated with doing business in foreign countries that can affect our business, financial condition, results of operations and cash flows.
  • We are subject to various environmental laws.
  • Capital Structure Risks
  • We do not expect to generate sufficient cash to repay all of our indebtedness (including the Term Loan Facility) by their respective maturity dates and may be unable to pay the redemption value for the redeemable preferred stock upon redemption by a holder. As a result, we will be dependent upon our ability to access the capital markets and/or source additional investments and we may be forced to take other actions to satisfy these obligations, none of which may be successful. Failure to repay these obligations at maturity or upon redemption would adversely affect our financial condition.
  • Our substantial indebtedness and the corresponding interest expense could adversely affect our financial condition
  • A downgrade or withdrawal of our credit rating or a decrease of the prices of the Company’s common stock could adversely affect our financial performance.
  • The terms of the credit agreements governing the SSCF and the documents governing other debt that we may incur in the future, may restrict our current and future operations, particularly our ability to respond to changes or to take certain actions.
  • Our variable rate indebtedness subjects us to interest rate risk, which could cause our debt service obligations to increase significantly.
  • We may be adversely affected by changes in the secured overnight financing rate (“SOFR”) or Euro Interbank Offered Rate (“EURIBOR”) reporting practices, the method in which SOFR or EURIBOR is determined or the use of alternative reference rates.
  • A delisting of our common stock from the NYSE could reduce the liquidity and market price of our common stock; reduce the number of investors and analysts that cover our common stock; limit our ability to issue additional shares and damage our reputation which could have a material adverse effect on our business, results of operations and financial condition. In addition, a delisting of our common stock from the NYSE could cause a redemption of some or all of our outstanding redeemable preferred stock which would negatively affect our liquidity.
  • Taxation Risks
  • We are subject to taxation related risks in multiple jurisdictions.
  • We are currently unable to fully deduct interest charges on German and U.S. indebtedness.
  • We may be exposed to risks related to existing and future profit and loss transfer agreements executed with German subsidiaries of our European operations.
  • General Risk Factors
  • The Ukraine Conflict may have a material adverse effect on our business, financial condition, results of operations and cash flows.
  • We may not be able to renew our various insurance policies or renew them on terms and conditions acceptable to us.
  • Fluctuations in foreign currencies and commodity and energy prices may adversely affect our financial results.
  • A disruption in our information technology systems, including a disruption related to cybersecurity, could adversely affect our financial condition and financial performance.
  • Competitors could copy our products or technologies and we could violate protected intellectual property rights or trade secrets of our competitors or other third parties.

Legal proceedings

We are party to various legal and environmental proceedings incidental to our business. Certain claims, suits and complaints arising in the ordinary course of business have been filed or are pending against us. Based on facts now known, except as provided below, we believe all such matters are adequately provided for, covered by insurance, are without merit, and/or involve such amounts that would not materially adversely affect our consolidated results of operations, cash flows or financial position (refer to Item 1A, “Risk Factors” — “Legal, Compliance and Regulatory Risks” — “We are from time to time subject to litigation, which could adversely affect our results of operations, financial condition or cash flows.” of this Annual Report).

In March 2022, the German Federal Cartel Office initiated an investigation related to European light alloy wheel manufacturers, including Superior Industries Europe AG (a wholly owned subsidiary of the Company), on suspicion of conduct restricting competition. The Company is cooperating fully with the German Federal Cartel Office. In the event Superior Industries Europe AG is deemed to have violated the applicable statutes, the Company could be subject to a fine or civil proceedings. At this point, we are unable to predict the duration or the outcome of the investigation.

The opening of Item 3, Legal Proceedings.5

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