Superior Industries Lifts Limit on Shares for Bosses

Superior Industries has decided to double the number of shares its executives can buy for their own accounts. Previously, officers and other management employees had been limited to buying 250,000 shares on the open market or through negotiated purchases. Now, the limit is 500,000.

“This action represents Superior’s long-term positive outlook for the future,” said Louis Borick, president of the Van Nuys-based manufacturer of wheel rims, seat belts and other automotive parts.