secwatch.observer — SEC 8-K summary
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Issuer:     SUPERIOR GROUP OF COMPANIES, INC. (SGC)
CIK:        0000095574
Form:       8-K
Filed at:   2021-07-02T23:59:59+00:00
Accession:  0001437749-21-016348
Event type: leadership
Sentiment:  positive
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/95574/000143774921016348/0001437749-21-016348-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/95574/000143774921016348/sgc20210702_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-016348

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