SC 13D/A 1 d279580dsc13da.htm SC 13D/A SC 13D/A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 6)*

 

 

Superior Industries International, Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

868168105

(CUSIP Number)

Mill Road Capital III, L.P.

Attn: Thomas E. Lynch

382 Greenwich Avenue

Suite One

Greenwich, CT 06830

203-987-3500

With a copy to:

Peter M. Rosenblum, Esq.

Foley Hoag LLP

155 Seaport Blvd.

Boston, MA 02210

617-832-1151

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

December 22, 2021

(Date of Event which Requires Filing of this Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.  ☐

 

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are sent.

 

 

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP No. 868168105    13D    Page 2 of 8 Pages

 

  1.    

  Names of Reporting Persons.

 

  Mill Road Capital III, L.P.

  2.  

  Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)  ☐        (b)  ☐

 

  3.  

  SEC Use Only

 

  4.  

  Source of Funds (See Instructions)

 

  WC

  5.  

  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ☐

  6.  

  Citizenship or Place of Organization

 

  Cayman Islands

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

     7.     

  Sole Voting Power

 

  3,027,893

     8.   

  Shared Voting Power

 

     9.   

  Sole Dispositive Power

 

  3,027,893

   10.   

  Shared Dispositive Power

 

11.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  3,027,893

12.  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13.  

  Percent of Class Represented by Amount in Row (11)

 

  11.6%

14.  

  Type of Reporting Person (See Instructions)

 

  PN


CUSIP No. 868168105    13D    Page 3 of 8 Pages

 

  1.    

  Names of Reporting Persons.

 

  Mill Road Capital III GP LLC

  2.  

  Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)  ☐        (b)  ☐

 

  3.  

  SEC Use Only

 

  4.  

  Source of Funds (See Instructions)

 

  AF

  5.  

  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ☐

  6.  

  Citizenship or Place of Organization

 

  Cayman Islands

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

     7.     

  Sole Voting Power

 

  3,027,893

     8.   

  Shared Voting Power

 

     9.   

  Sole Dispositive Power

 

  3,027,893

   10.   

  Shared Dispositive Power

 

11.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  3,027,893

12.  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13.  

  Percent of Class Represented by Amount in Row (11)

 

  11.6%

14.  

  Type of Reporting Person (See Instructions)

 

  OO


CUSIP No. 868168105    13D    Page 4 of 8 Pages

 

  1.    

  Names of Reporting Persons.

 

  Thomas E. Lynch

  2.  

  Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)  ☐        (b)  ☐

 

  3.  

  SEC Use Only

 

  4.  

  Source of Funds (See Instructions)

 

  AF

  5.  

  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ☐

  6.  

  Citizenship or Place of Organization

 

  USA

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

 

     7.     

  Sole Voting Power

 

     8.   

  Shared Voting Power

 

  3,027,893

     9.   

  Sole Dispositive Power

 

   10.   

  Shared Dispositive Power

 

  3,027,893

11.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  3,027,893

12.  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13.  

  Percent of Class Represented by Amount in Row (11)

 

  11.6%

14.  

  Type of Reporting Person (See Instructions)

 

  IN


CUSIP No. 868168105       Page 5 of 8 Pages

 

This Amendment No. 6 to the joint statement on Schedule 13D with respect to the common stock, par value $0.01 per share (the “Common Stock”), of Superior Industries International, Inc., a Delaware corporation (the “Issuer”), filed by the Reporting Persons (as defined below) on August 16, 2021, as amended by Amendment No. 1 on Schedule 13D with respect to the Common Stock filed by the Reporting Persons on September 3, 2021, as amended by Amendment No. 2 on Schedule 13D with respect to the Common Stock filed by the Reporting Persons on September 10, 2021, as amended by Amendment No. 3 on Schedule 13D with respect to the Common Stock filed by the Reporting Persons on September 24, 2021, as amended by Amendment No. 4 on Schedule 13D with respect to the Common Stock filed by the Reporting Persons on October 15, 2021, and as amended by Amendment No. 5 on Schedule 13D with respect to the Common Stock filed by the Reporting Persons on November 24, 2021 (such joint statement, as amended herein, the “Schedule 13D”), amends the Schedule 13D as follows:

 

1.

Item 3 of the Schedule 13D shall hereby be amended and restated in full as follows:

Item 3. Source and Amount of Funds or Other Consideration

The Reporting Persons acquired beneficial ownership of an aggregate of 3,027,893 shares of Common Stock for $23,055,219.29 using working capital from the Fund and the proceeds of margin loans under margin loan facilities maintained in the ordinary course of business by the Fund with a broker on customary terms and conditions.”

 

2.

Paragraphs (a), (b) and (c) of Item 5 of the Schedule 13D shall hereby be amended and restated in full as follows:

Item 5. Interest in Securities of the Issuer

(a, b) The percentages of beneficial ownership reported in this Item 5, and on each Reporting Person’s cover page to this Schedule 13D, are based on a total of 26,163,077 shares of Common Stock issued and outstanding as of October 28, 2021, as reported in the most recent quarterly report of the Issuer on Form 10-Q for the fiscal quarter ended September 30, 2021. All of the share numbers reported below, and on each Reporting Person’s cover page to this Schedule 13D, are as of December 27, 2021, unless otherwise indicated. The cover page to this Schedule 13D for each Reporting Person is incorporated by reference in its entirety into this Item 5(a, b).

The Fund directly holds, and thus has sole voting and dispositive power over, 3,027,893 shares of Common Stock. The GP, as sole general partner of the Fund, also has sole authority to vote (or direct the vote of), and to dispose (or direct the disposal) of, these shares on behalf of the Fund, and Mr. Lynch has shared authority to vote (or direct the vote of), and to dispose (or direct the disposal) of, these shares on behalf of the GP. Accordingly, each of the Reporting Persons beneficially owns 3,027,893 shares of Common Stock, or approximately 11.6% of the outstanding shares of Common Stock, and the Reporting Persons beneficially own, in the aggregate, 3,027,893 shares of Common Stock, or approximately 11.6% of the outstanding shares of Common Stock.

(c) Except as otherwise described in this Schedule 13D, no Reporting Person, other than the Fund as set forth in the table below, effected any transaction in shares of the Common Stock since November 24, 2021 (the date of the filing of Amendment No. 5 to the Schedule 13D):


CUSIP No. 868168105       Page 6 of 8 Pages

 

Date of Purchase    Shares
Purchased (#)
     Purchase Price
per Share ($)
 

12/3/2021

     8,498      $  4.3111  

12/3/2021

     10,719      $ 4.3886  

12/6/2021

     1,500      $ 4.3847  

12/10/2021*

     9,700      $ 7.5000  

12/13/2021

     6,607      $ 4.3817  

12/13/2021

     7,100      $ 4.3885  

12/14/2021

     12,407      $ 4.4809  

12/14/2021

     8,349      $ 4.4860  

12/14/2021*

     6,900      $ 5.0000  

12/15/2021

     10,888      $ 4.4692  

12/15/2021

     3,659      $ 4.4700  

12/16/2021

     11,643      $ 4.2022  

12/16/2021*

     40,300      $ 5.0000  

12/17/2021

     32,146      $ 4.1736  

12/17/2021*

     5,600      $ 5.0000  

12/20/2021

     6,125      $ 4.0633  

12/20/2021

     11,500      $ 4.0950  

12/21/2021

     700      $ 4.2000  

12/21/2021

     9,200      $ 4.2300  

12/22/2021

     5,300      $ 4.2281  

12/22/2021

     8,237      $ 4.2310  

12/23/2021

     3,700      $ 4.1850  

12/23/2021

     25,000      $ 4.2096  

12/27/2021

     2,110      $ 4.2509  

The purchase prices in the table above do not reflect brokerage commissions paid.

In addition, since November 24, 2021, the Fund sold the Put Options described in Item 6, which is incorporated by reference into this Item 5(c).”

 

3.

Item 6 of the Schedule 13D shall hereby be amended and restated in full as follows:

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

The table below lists the standard American-style, exchange-traded put options (“Put Options”) sold by the Fund since November 24, 2021 (the date of the filing of Amendment No. 5 to the Schedule 13D) that are outstanding as of December 27, 2021.

 

 

*

Effected pursuant to the exercise of a Put Option (as defined in Item 6) by the option’s counterparty.


CUSIP No. 868168105       Page 7 of 8 Pages

 

Each of the below listed transactions was conducted in the ordinary course of business on the open market for cash, and the sale prices do not reflect brokerage commissions paid.

 

Date of Sale    Value per
Underlying
Share at
which Put
Options were
Sold ($)
     Shares
Underlying
Put Options
(100s)
     Put Options’
Strike
Price per
Share ($)
     Put Options’
Expiration
Date
 

11/26/2021

   $  1.1400        220      $  5.00        7/15/2022  

11/30/2021

   $ 1.1656        272      $ 5.00        7/15/2022  

12/22/2021

   $ 0.8006        82      $ 5.00        1/21/2022  

12/23/2021

   $ 0.8013        30      $ 5.00        1/21/2022  

12/27/2021

   $ 0.7000        19      $ 5.00        1/21/2022  

Each of these Put Options gives the option’s counterparty the right (but not the obligation) to sell to the Fund, on or before the option’s expiration date, the number of shares of Common Stock underlying the option, at a sale price per share equal to the option’s strike price per share. If a Put Option is exercised on or before its expiration date, the Fund must purchase the shares of Common Stock underlying the option in exchange for the option’s aggregate exercise price.

Except as otherwise described in this Schedule 13D, including the Exhibits attached hereto, there are no contracts, arrangements, understandings, or relationships (legal or otherwise) among the Reporting Persons, or between any Reporting Person(s) and any third party, with respect to any securities of the Issuer, including, but not limited to, those involving the transfer or voting of any of the securities, finder’s fees, joint ventures, loan or option arrangements, put or calls, guarantees of profits, division of profits or losses, or the giving or withholding of proxies.”

 

4.

Except as expressly modified hereby, all provisions of the Schedule 13D shall continue in full force and effect.

[signature page follows]


CUSIP No. 868168105       Page 8 of 8 Pages

 

Signature

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

DATE:   December 27, 2021
MILL ROAD CAPITAL III, L.P.
By:   Mill Road Capital III GP LLC,
  its General Partner
By:  

/s/ Justin C. Jacobs

  Justin C. Jacobs
  Management Committee Director
MILL ROAD CAPITAL III GP LLC
By:  

/s/ Justin C. Jacobs

  Justin C. Jacobs
  Management Committee Director
THOMAS E. LYNCH

/s/ Justin C. Jacobs

Justin C. Jacobs, attorney-in-fact