UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) December 30, 2014
Superior Uniform Group, Inc.
(Exact name of registrant as specified in its charter)
Florida |
001-05869 |
11-1385670 |
(State or other jurisdiction |
(Commission |
(IRS Employer |
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10055 Seminole Blvd., Seminole, Florida |
33772 |
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01. Other Events.
On December 30, 2014, the Company issued a press release announcing a two-for-one stock split of its outstanding common shares, a copy of which is attached hereto as Exhibit 99.1.
Item 9.0l. Financial Statements and Exhibits
(c) Exhibits
Exhibit Number |
Description |
99.1 |
Press Release, dated December 30, 2014 |
Signature
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.
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SUPERIOR UNIFORM GROUP, INC.
By: /s/ Andrew D. Demott, Jr. |
Andrew D. Demott, Jr. Executive Vice President, Chief Financial Officer and Treasurer |
Date: December 30, 2014
EXHIBIT INDEX
Exhibit Number |
Description |
99.1 |
Press Release, dated December 30, 2014 |
NEWS RELEASE |
EXHIBIT 99.1 |
Superior Uniform Group, Inc.
A NASDAQ Listed Company: SGC
10055 Seminole Boulevard
Seminole, Florida 33772-2539
Telephone (727) 397-9611
Fax (727) 803-9623
Contact:
Andrew D. Demott, Jr., CFO |
OR |
Hala Elsherbini, Halliburton Investor Relations |
(727) 803-7135 |
(972) 458-8000 |
For Immediate Release
SUPERIOR UNIFORM GROUP ANNOUNCES TWO-FOR-ONE STOCK SPLIT
SEMINOLE, Florida – December 30, 2014 – Superior Uniform Group, Inc. (NASDAQ: SGC), manufacturer of uniforms, career apparel and accessories, today announced that its Board of Directors has authorized a two-for-one stock split of its outstanding common shares.
Each shareholder of record at the close of business on January 12, 2015, will receive one additional share of Common Stock for each share held on the record date, with a distribution date of February 4, 2015. This stock split will not change the proportionate interest that a shareholder maintains in the Company. As of December 29, 2014, there were approximately 6.8 million SGC diluted common shares outstanding. Following the stock split, Superior Uniform Group’s outstanding common shares will increase to approximately 13.6 million shares.
Superior Uniform Group is undertaking the two-for-one stock split to make its common shares more readily accessible to the investment community, increase and broaden the Company’s shareholder base, and improve liquidity of the market for SGC common shares. The company expects that its common stock will begin trading on a post-split basis on February 5, 2015.
Michael Benstock, Chief Executive Officer, commented: “We are pleased to announce the stock split as it reflects the Board’s confidence in the long-term drivers for our business model and our ability to continue to achieve our strategic growth objectives.”
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About Superior Uniform Group, Inc.
Superior Uniform Group® (NASDAQ: SGC), established in 1920, is an award-winning provider of uniform programs, image apparel and promotional products. We provide these products as well as a wide range of value-added services to major corporations and healthcare facilities nationwide. We are leaders in innovative product and program design, global manufacturing and state-of-the-art distribution. Our customers rely on us to provide their employees and customers with an extraordinary experience which helps them to better communicate their brand identity. We provide uniforms for the healthcare, retail, food service, private security, transportation, and hospitality marketplaces.
Superior Uniform Group’s commitment to service, quality, value, innovation and social responsibility, combined with our financial strength and global resources enable us to meet and exceed our customers’ diverse needs. We sell our products through our signature brands, Superior I.D.™, Fashion Seal Healthcare® and HPI Direct®. Superior Uniform Group is also the parent company of The Office Gurus®, our Business Process Outsourcing and Call Center vertical.
For more information, call (800) 727-8643 or visit www.SuperiorUniformGroup.com.
Statements contained in this press release which are not historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to risks and uncertainties, including without limitation, those identified in the Company’s SEC filings, which could cause actual results to differ from those projected.
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