secwatch.observer — SEC 8-K summary
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Issuer:     SUPERIOR GROUP OF COMPANIES, INC. (SGC)
CIK:        0000095574
Form:       8-K
Filed at:   2026-05-29T20:30:47+00:00
Accession:  0001437749-26-018885
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Superior Group enters new CEO employment agreement with Michael Benstock through 2029
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- Base salary $1,044,399; guaranteed minimum annual bonus $500,000 for FY2026-2028.
- Retention bonus of $2,100,000 payable upon retirement or resignation for Good Reason.
- Severance: 2x highest annual compensation plus pro-rated bonus if terminated without Cause or for Good Reason.
- Agreement expires May 31, 2029; replaces prior 2005 severance protection agreement.
- Unvested restricted stock prorated upon retirement; office and admin assistant up to 25 hrs/month.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/95574/000143774926018885/0001437749-26-018885-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/95574/000143774926018885/sgc20260529_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-018885

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