SGC promotes Koosed to CSO, Himelstein to BAMKO President; new employment agreements signed

SUPERIOR GROUP OF COMPANIES, INC.

Philip Koosed promoted to Chief Strategy Officer of SGC; Jake Himelstein becomes President of BAMKO, effective July 2, 2021.
New employment agreements approved for Koosed and Dominic Leide (TOG President) effective July 1, 2021 through Dec 31, 2026.
Koosed base salary $375k starting Jan 2022; annual bonus tied to company EBITDA tiers (1%-3.7% of PTHI).
Leide salary ~$265k; annual bonus = 4% of TOG EBITDA minus acquisition interest; performance shares amended for full change-of-control vesting.
Koosed receives 51,419 performance shares (EBITDA vesting) and 51,419 restricted shares (3-5 year grading); both get 2x highest annual comp severance on change-in-control termination.

item 5.02 item 7.01 item 9.01

Executive movements

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Role change

Philip Koosed

Chief Strategy Officer

SGC · SUPERIOR GROUP OF COMPANIES, INC.

Effective: 2021-07-01
Filed: July 2, 2021, 7:59 PM ET

Under the agreement, Mr. Koosed will be employed as Chief Strategy Officer of the Company.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Philip Koosed was appointed as Chief Strategy Officer at SUPERIOR GROUP OF COMPANIES, INC..

Action: appointed
Role: Chief Strategy Officer

Exact text from the filing

Under the agreement, Mr. Koosed will be employed as Chief Strategy Officer of the Company.

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Source: SEC EDGAR

accession 0001437749-21-016348

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