SUPERIOR GROUP OF COMPANIES, INC. — Form 10-Q
Filed August 4, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 28/100
What the filing says
Michael Benstock executed an employment agreement effective 5/26/2026 as Chief Executive Officer through 5/31/2029. Compensation includes base salary of $1,044,399 annually, minimum guaranteed bonus of $500,000 per fiscal year (2026–2028), and a $2.1M retention bonus upon retirement. Separation without Cause or for Good Reason triggers 2× highest annual compensation plus prorated $500K bonus, paid bi-weekly over 24 months. Agreement includes restrictive covenants (2-year non-compete, non-solicitation, confidentiality) covering Territory including US, Canada, Mexico, Central/South America, China, India.
Why this rating
CEO employment contract is routine governance; $1.04M base + $0.5M guaranteed bonus (~1.4% of $116.3M market cap annually) is material but standard C-suite cost. $2.1M retention bonus (~1.8% cap) is significant but conditional on retirement. No change in strategy, operations, or company control; administrative formalization.
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