Superior of : Management Change/Compensation - Form 8-K
March 01, 2024 at 08:03 am EST
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Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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.
In connection with Mr. Koosed's resignation and in recognition of Mr. Koosed's significant contributions to the Company over the past almost 8 years of service to the Company and its subsidiaries, the Compensation Committee of the Company's Board of Directors approved accelerating the vesting of 28,820 shares of restricted stock previously granted to Mr. Koosed pursuant to a Restricted Stock Agreement, dated July 1, 2021, to the Effective Date.
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Superior Group of Companies, Inc. is engaged in producing and manufacturing and selling a wide range of promotional products and branded uniforms. The Company operates through three segments: Branded Products, Healthcare Apparel, and Contact Centers. The Branded Products segment, through its brands BAMKO and HPI, produces and sells customized merchandising solutions, promotional products, and branded uniform programs. The Healthcare Apparel segment, primarily through its brands Fashion Seal Healthcare and WonderWink, manufactures and sells a wide range of healthcare apparel, such as scrubs, lab coats, protective apparel, and patient gowns. The Contact Centers segment, through multiple The Office Gurus entities, including subsidiaries in El Salvador, Belize, Jamaica, Dominican Republic, and the United States, provides outsourced, nearshore business process outsourcing, contact and call-center support services to North American customers.
SUPERIOR GROUP OF COMPANIES, INC. 
