Superior Industries Regains Compliance with NYSE Continuous Listing Standards
SOUTHFIELD, Michigan – (BUSINESS WIRE) –Superior Industries International, Inc. (âSuperiorâ or the âCompanyâ) (NYSE: SUP), a leading global supplier of light-duty aluminum wheels to OEMs and the European aftermarket, today announced that on May 20, 2021, the company had received notice from the New York Stock Exchange (âNYSEâ) that it had regained compliance with the maintenance standards set out in section 802.01B of the NYSE Listed Companies Handbook.
As previously reported, on June 9, 2020, Superior received a notice from the NYSE that the company was not in compliance with the NYSE 802.01B listing standard because at that time, the company’s global average market capitalization over a consecutive 30-day period of $ 50 million and, at the same time, its equity was less than $ 50 million.
Superior’s return to compliance stems from the company’s positive performance in line with the business plan submitted to the NYSE and its compliance with NYSE minimum market capitalization and equity requirements over the past two quarters.
About Superior Industries
Superior is one of the world’s leading suppliers of aluminum wheels. The Superior team works with customers to design, design and manufacture a wide variety of innovative and high quality products using the latest lightweighting and finishing technologies. Superior serves the European aftermarket with the ATS brandsÂ®, RIALÂ®, ALUTECÂ®and ANZIOÂ®. Based in Southfield, Michigan, Superior is listed on the New York Stock Exchange. For more information, please visit www.supind.com.