Business Context and Reporting Period
Company: Superior Group of Companies, Inc. (SGC)
Filing Type: Form 8-K (Current Report)
Date of Report: June 20, 2025
Reporting Period: Event date June 19, 2025 (earliest event reported)
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document is a regulatory disclosure regarding a corporate action.
Material Changes
The Company entered into a Rule 10b5-1 trading plan on June 19, 2025, to facilitate the repurchase of its outstanding common stock. This action aligns with a share repurchase program previously authorized by the Board of Directors on March 11, 2025.
Guidance, Outlook, and Management Commentary
- Repurchase Plan Details: The plan allows repurchases commencing June 20, 2025, until the earlier of the Repurchase Limit being reached or other specified events.
- Administration: Repurchases will be executed through an independent broker subject to price, market, volume, and timing constraints.
- Limitations: The specific "Repurchase Limit" (number of shares) is not disclosed in this text.
- Regulatory Note: Information furnished under Item 7.01 is not deemed "filed" for Section 18 liability purposes under the Exchange Act.
Investor Verification Checklist
- Verify the total dollar amount or share count of the "Repurchase Limit" referenced in the March 11, 2025, authorization.
- Review the specific price, volume, and timing constraints defined within the 10b5-1 Plan.
- Monitor future filings for actual repurchase activity and remaining authorization levels.