secwatch.observer — SEC 8-K summary
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Issuer:     SUPERIOR GROUP OF COMPANIES, INC. (SGC)
CIK:        0000095574
Form:       8-K
Filed at:   2021-07-09T23:59:59+00:00
Accession:  0001437749-21-016723
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Superior Group of Companies enters change in control and retention bonus agreements with Jordan Alpert
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- Agreements provide severance of 2x base salary plus average annual cash bonus upon qualifying termination near a Change in Control.
- Retention bonus equal to base salary if Mr. Alpert remains employed 12 months after a Change in Control.
- Restricted stock award of 22,007 shares granted, vesting over 3–5 years, with accelerated vesting upon a Change of Control.
- Protected Period for change-in-control benefits extends from 30 days before to 24 months after a Change in Control.
- Good Reason includes material reduction in authority or 50+ mile commuting increase; Cause includes willful misconduct or breach.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/95574/000143774921016723/0001437749-21-016723-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/95574/000143774921016723/sgc20210709_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-016723

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer