secwatch.observer — SEC 8-K summary
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Issuer:     SUPERIOR GROUP OF COMPANIES, INC. (SGC)
CIK:        0000095574
Form:       8-K
Filed at:   2024-02-15T23:59:59+00:00
Accession:  0001437749-24-004351
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Superior Group locks CFO Koempel through 2028 with $426K salary, guaranteed equity grants
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- New employment agreement with CFO Michael Koempel expires Dec 31, 2028.
- Base salary $426,400; target bonus 61% of base; minimum $100K bonus for FY2024.
- Guaranteed equity awards: at least $304,500 in 2024 and $389,000 in 2025.
- Severance: 2x highest annual comp if terminated w/in 12 months after change of control before 2027; 1.1x after.
- Restricted stock grant of 17,233 shares vests Feb 2027, accelerates on change of control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/95574/000143774924004351/0001437749-24-004351-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/95574/000143774924004351/sgc20240215_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-004351

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