Superior Group of Companies Inc.

09/20/2024 | Press release | Distributed by Public on 09/20/2024 06:24

Regulation FD Disclosure Form 8 K

Item 7.01 Regulation FD Disclosure
On September 19, 2024, Superior Group of Companies, Inc. (the "Company") entered into a 10b5-1 trading plan (the "Plan") for the purpose of repurchasing up to $4,308,737.04 in shares of the Company's outstanding common stock (the "Repurchase Limit") in accordance with the previously-announced share repurchase program authorized by the Company's Board of Directors on August 9, 2024. The Plan is intended to comply with Rule 10b5-1(c) under the Securities Exchange Act of 1934, as amended. The Plan allows the Company to repurchase shares up to the Repurchase Limit commencing September 20, 2024 and ending on the earlier of the date on which the Repurchase Limit is reached, November 8, 2024, or other event specified in the Plan. Repurchases of common stock under the Plan will be administered through an independent broker and are subject to certain price, market, volume and timing constraints specified in the Plan.
The information furnished pursuant to Item 7.01 of this Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.