Promotion Letter for Dan Lee to Senior Vice President and Chief Financial Officer at Superior Industries, Inc.
This letter confirms the promotion of Dan Lee to Senior Vice President and Chief Financial Officer at Superior Industries, Inc., effective October 1, 2024. Dan will continue to work at the company's headquarters in Southfield, Michigan, reporting directly to the CEO. His new compensation includes a base salary of $500,000, an annual incentive plan participation of 65%, and a long-term incentive of 90%. He is also entitled to a change in control benefit as per the company's plan. All other terms from his original offer letter remain unchanged.
EXHIBIT 10.4
World Headquarters 26600 Telegraph Road Suite 400, Southfield, MI 48033 Phone ###-###-#### Fax ###-###-####
TO: Dan Lee
FROM: Majdi Abulaban
SUBJECT: Promotion
DATE: August 27, 2024
|
|
|
|
|
|
Dear Dan,
I am pleased to present you with this promotion to Senior Vice-President and Chief Financial Officer for Superior Industries, Inc. In this role, your office will continue to be located at our corporate headquarters in Southfield, Michigan and you will continue to report directly to me.
Compensation and Benefits
All terms and conditions as outlined in your offer letter remain unchanged.
This promotion is well deserved. Thank you for your continued contributions to Superior.
Best regards,
Majdi Abulaban
President and Chief Executive Officer
|
|
|
|
|
|
I hereby accept this promotion:
/s/ Daniel D. Lee |
|
|
Dan Lee |
| Date |
