Highest-materiality recent filing
Superior Group amends credit facilities to $200M, extends maturity to Aug 2031
New $125M revolver and $75M term loan, with $75M incremental capacity available.
Superior Group Q2 net sales $147.8M, adj. EPS $0.21 vs $0.10 YoY; reaffirms FY outlook
Net sales $147.8M, up 2.6% from $144.0M in Q2 2025.
Superior Group enters new CEO employment agreement with Michael Benstock through 2029
Base salary $1,044,399; guaranteed minimum annual bonus $500,000 for FY2026-2028.
SGC shareholders elect seven directors and ratify Grant Thornton as auditor at annual meeting
13.7M of 15.7M shares voted at May 7, 2026 annual meeting; 7 director nominees elected.
Superior Group Q1 net income $0.8M vs loss; sales up 2.8%; declares $0.14 dividend
Net sales $140.9M vs $137.1M in Q1 2025, up 2.8%.
Superior Group Q4 net sales $146.6M, EPS $0.23 vs $0.13 YoY; provides FY2026 outlook
Q4 net sales $146.6M vs $145.4M YoY; net income $3.5M vs $2.1M; diluted EPS $0.23 vs $0.13.
Superior Group Q3: net sales $138.5M, EPS $0.18; FY revenue guidance raised to $560-570M
Net sales $138.5M (down 7.5% YoY from $149.7M); net income $2.7M ($0.18 diluted EPS), down from $5.4M ($0.33).
Superior Group adopts 10b5-1 plan for share repurchases under existing buyback program
10b5-1 trading plan effective Sept. 20, 2025, authorizing buybacks up to a specified limit.
Superior Group of Companies appoints CFO Koempel as President, effective Sept 12
Michael W. Koempel appointed President effective Sept 12, 2025, retaining CFO role.
Superior Group Q2 net sales up 9% to $144M; net income rises to $1.6M
Net sales $144.0M, up 9% YoY from $131.7M; net income $1.6M vs $0.6M.
Superior Group of Companies adopts 10b5-1 plan for share repurchases starting June 20
Plan supports the $25M buyback program announced March 11, 2025; Repurchase Limit is a specified number of shares (not disclosed).
Superior Group shareholders elect all directors, approve say-on-pay and triennial vote frequency
All 7 director nominees elected with majorities; Michael Benstock received 12,018,406 votes for.
Net sales $137.1M vs $138.8M prior year; net loss ($0.8M) or ($0.05) diluted EPS vs net income $3.9M ($0.24).
Superior Group adopts 10b5-1 plan to execute existing share repurchase program
Plan entered on March 20, 2025; repurchases begin March 21, 2025.
SGC Q4 net sales $145.4M, EPS $0.13; guides 2025 sales $585-595M, new $17.5M buyback
Q4 net sales $145.4M (down from $147.2M); net income $2.1M vs $3.6M; diluted EPS $0.13 vs $0.22.
Superior Group adopts 10b5-1 plan to repurchase up to $2.58M in shares by March 2025
Company entered 10b5-1 trading plan on Dec 20, 2024 to repurchase up to $2,580,000 of common stock.
Superior Group Q3 net sales up 10% to $149.7M; EPS $0.33 vs $0.19; reaffirms FY outlook
Net sales $149.7M (+10% YoY); net income $5.4M ($0.33 diluted EPS) vs $3.1M ($0.19).
Superior Group adopts 10b5-1 plan to repurchase up to $4.3M in common stock
Entered 10b5-1 trading plan to repurchase up to $4,308,737 in common stock.
Superior Group of Companies authorizes $10M stock repurchase plan over 12 months
Board approved new $10M stock repurchase plan, replacing previous May 2019 plan.
Superior Group Q2 revenue up 2% to $131.7M; EPS slides to $0.04 from $0.08; maintains FY outlook
Net sales $131.7M (+2% YoY); net income $0.6M vs $1.2M, diluted EPS $0.04 vs $0.08.
Superior Group shareholders elect 7 directors, ratify Grant Thornton as auditor
Michael Benstock, Paul Mellini, Todd Siegel, Venita Fields, Andrew Demott, Susan Lattmann, Loreen Spencer elected to board.
Superior Group Q1 net sales $138.8M (+6.2%), net income $3.9M, raises FY guidance
Net sales $138.8M (+6.2% YoY); net income $3.9M ($0.24 diluted EPS) vs $0.9M ($0.06) in Q1 2023.
Superior Group Q4 net income up to $3.6M, EPS $0.22; guides FY24 sales $558-568M
Net sales $147.2M, down 0.9% YoY; net income $3.6M vs $2.2M in prior year Q4.
Philip Koosed to resign as Chief Strategy Officer effective April 19, 2024.
Superior Group locks CFO Koempel through 2028 with $426K salary, guaranteed equity grants
New employment agreement with CFO Michael Koempel expires Dec 31, 2028.
Superior Group appoints two new directors; Hensley retires after 23 years
Loreen Spencer and Susan Lattmann appointed to Board effective Feb 12, 2024; Hensley to retire at May 2024 annual meeting.
Superior Group exits covenant relief after leverage ratio meets threshold
Consolidated total net leverage ratio did not exceed 4.00x for quarters ended June 30 and Sep 30, 2023.
Net sales $136.1M (-1.9% YoY); net income $3.1M ($0.19 diluted) vs net loss ($12.7M) prior year.
Net sales $129.2M, down 12.7% YoY; net income $0.08 per diluted share vs loss $1.70 in prior year.
Superior Group shareholders elect all six director nominees and ratify Grant Thornton as auditor
All six director nominees elected: Benstock (10.6M for), Hensley (10.3M), Mellini (10.1M), Siegel (9.8M), Fields (10.2M), Demott (10.6M).
Superior Group Q1 net sales $130.8M (-9% YoY); net income falls to $0.9M from $5.2M
Net sales $130.8M vs $143.6M Q1 2022; net income $0.9M ($0.06 diluted EPS) vs $5.2M ($0.32).
Superior Group Q4 net income drops to $2.2M; adjusted net loss of $0.9M; guides 2023 sales $585-595M
Net sales $148.6M (+5% YoY); net income $2.2M ($0.14/diluted) vs $4.4M ($0.27) prior year.
Superior Group announces passing of board chair; CEO Benstock named chair, Mellini as Lead Director
Independent board chair Sidney Kirschner passed away on February 22, 2023.
Superior Group of Companies announces death of Chairman Sidney Kirschner
Sidney Kirschner, Chairman of the Board, passed away on February 21, 2023 at age 88.
Superior Group COO Andrew Demott to retire March 31, 2023; remains on board
Andrew D. Demott, Jr. retires as COO effective March 31, 2023.
Superior Group Q3 net loss $12.7M on $21.5M goodwill impairment; sales up 12.5%
Net loss of ($12.7M) or ($0.80)/share vs net income $8.2M ($0.51) a year ago; includes $17.1M after-tax goodwill impairment.
Superior Group enters $200M credit facilities with PNC Bank; refinances Truist debt
New $125M revolver and $75M term loan; up to $75M incremental available.
SGC Q2 net loss $26.7M on $147.9M revenue; $30.1M impairment charges
Net sales $147.9M (+13% YoY); net loss ($26.7M) or ($1.70)/diluted vs income $6.4M ($0.40).
Superior Group replaces auditor with Grant Thornton for FY2022
MHM declined reappointment as auditor on April 6, 2022; Audit Committee ran competitive process.
Superior Group appoints Michael Koempel as CFO; Andrew Demott remains COO, plans 2023 retirement
Andrew Demott resigned as CFO effective May 31, 2022, but stays as COO and director; intends to retire as employee in 2023.
Superior Group shareholders elect seven directors, approve 2022 equity plan
All seven director nominees elected; each received >11M votes for, with ~1.6M broker non-votes.
Superior Group Q1 net sales up 1.9% to $143.6M; EPS drops to $0.32 from $0.66
Net sales $143.6M (+1.9% YoY); pretax income $6.7M vs $13.2M; diluted EPS $0.32 vs $0.66.
ISS opposed 2022 Equity Plan due to SVT analysis including shares available under 2013 Plan.
Superior Group auditor MHM declines reappointment; material weakness previously disclosed
MHM will not stand for reappointment for FY2022 audit; will complete Q1 2022 review.
Superior Group restates Q2/Q3 2021 financials due to $1.8M deferred tax error
Failed to reverse deferred tax liabilities from pension plan termination; $6.9M charge booked in Q2 2021.
Superior Group restates 2021 earnings; net income up $2.2M on tax correction
Full-year 2021 net sales $537.0M (+2% YoY); net income $29.4M ($1.83 diluted EPS) vs $41.0M ($2.65) in 2020.
Superior Group Q4 EPS $0.25 vs $0.79; FY EPS $1.69; core sales up 28% in Q4, 26% annual
FY2021 net sales $537.0M (+2.0%); net income $27.2M ($1.69 diluted EPS) vs $41.0M ($2.65).
Superior Group Q3 2021 net sales $123.3M (-3.5% YoY); core businesses grow excl. PPE
Net sales $123.3M vs $127.7M in Q3 2020; decline driven by prior-year PPE sales.
Superior Group Q2 core sales up 23% (ex-PPE); raises FY revenue view to ~$525M
Net sales $130.8M, down 17.9% YoY as PPE declined; core sales up 23.1% excl. PPE.
Agreements provide severance of 2x base salary plus average annual cash bonus upon qualifying termination near a Change in Control.
On February 28, 2024, Superior Group of Companies, Inc. (the “Company”) was notified by Philip Koosed that he intends to resign, effective as of April 19, 2024 (the “Effective Date”), from the position of Chief Strategy Officer of the Company.
appointed Loreen Spencer and Susan Lattmann to its Board effective immediately
Ms. Hensley informed the Company that she has chosen to retire after having served on the Board for more than 23 years.
appointed Loreen Spencer and Susan Lattmann to its Board effective immediately
Sidney Kirschner, a director of Superior Group of Companies, Inc., a Florida corporation (the “Company”) since 1996, passed away on February 21, 2023 at the age of 88.
The Board appointed Michael Koempel as the Company’s new Chief Financial Officer effective on the Effective Date
On May 31, 2022, Andrew D. Demott, Jr. resigned from his position as Chief Financial Officer of Superior Group of Companies, Inc. (the “Company”) effective May 31, 2022
Under the agreement, Mr. Koosed will be employed as Chief Strategy Officer of the Company.
Max materiality 0.80 · Median 0.57 · Most common event earnings