Superior Industries International announced it has been reincorporated from the state of California to Delaware. Superior will continue to operate its business as it existed immediately prior to the reincorporation and shares of Superior continue to be listed on the NYSE under the symbol “SUP.
The reincorporation was approved by the company’s stockholders at the 2015 Annual Meeting of Stockholders held May 5. Each outstanding share of Superior’s common stock will be automatically converted into one share of common stock of a newly-formed Delaware entity that will be named “Superior Industries International Inc.” and each stock certificate representing issued and outstanding shares of the “old” California-domiciled Superior will represent the same number of shares of the “new” Delaware-domiciled Superior.