Superior Group of Companies Announces New Stock Repurchase Plan
12 August 2024 - 10:00PM
Superior Group of Companies, Inc. (NASDAQ: SGC) (the “Company”)
today announced that its Board of Directors approved a new stock
repurchase plan. Under the plan, the Company is authorized to
repurchase up to $10 million of its common stock over a period of
one year. This plan replaces the previous plan approved by the
Board of Directors on May 2, 2019, which had authorized the
repurchase of up to 750,000 shares and through which the Company
had purchased 92,549 shares.
The new stock repurchase plan allows the Company
to purchase common stock from time to time through, among other
ways, open market purchases, privately negotiated transactions,
block purchases, and/or pursuant to Rule 10b5-1 trading plans,
subject to certain requirements and factors. The number of shares
purchased and the timing of any purchases will depend upon a number
of factors, including the price and availability of the Company’s
stock and general market conditions. Shares repurchased may be
reissued later in connection with employee benefit plans and other
general corporate purposes.
About Superior Group of Companies, Inc.
(SGC): Established in 1920, Superior Group of Companies is
comprised of three attractive business segments each serving large,
fragmented and growing addressable markets. Across Healthcare
Apparel, Branded Products and Contact Centers, each segment enables
businesses to create extraordinary brand engagement experiences for
their customers and employees. SGC’s commitment to service,
quality, advanced technology, and omnichannel commerce provides
unparalleled competitive advantages. We are committed to enhancing
shareholder value by continuing to pursue a combination of organic
growth and strategic acquisitions. For more information, please
visit www.superiorgroupofcompanies.com.
Contact:
Investor Relations
Investors@superiorgroupofcompanies.com
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