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Washington, DC 20549

 

FORM 8-K

 

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported)          February 28, 2024

 

Superior Group of Companies, Inc.

 

(Exact name of registrant as specified in its charter)

 

 

Registrant's telephone number including area code:  (727) 397-9611

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

 

Securities registered pursuant to Section 12(b) of the Act:

 

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ 

 

 

Item 5.02         Departure 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.

 

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunder duly authorized.