Superior Industries prepares shareholders for another AGM showdown
For the last two years, wheel manufacturer Superior Industries International Inc. has faced a shareholder proxy challenge at its Annual General Meeting. On each occasion the company’s largest institutional shareholder, GAMCO Asset Management Inc., presented rival candidates to Superior Industries’ own nominees for directorship. And while GAMCO’s efforts failed both times, it is hoping for third time lucky at the 2015 AGM on 5 May. In strongly-worded letters dated 30 March and 7 April, Superior Industries has urged its shareholders to once again reject the GAMCO-backed candidates and vote for its own nominees.