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) June 18, 2012
Superior Uniform Group, Inc.
(Exact name of registrant as specified in its charter)
| Florida | 001-05869 | 11-1385670 |
| (State
or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS
Employer Identification No.) |
| 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:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 18, 2012, Chairman of the Board Gerald M. Benstock notified the Company that he will be stepping down from his position as Chairman of the Board after 62 years of service to the Company effective June 30, 2012, and will continue to serve as a director for the remainder of his term. Mr. Benstock does not intend to stand for re-election to the Board at the next Annual Meeting of Shareholders.
Effective July 1, 2012, Mr. Sidney Kirschner, a current independent member of the Board, will be appointed as the Chairman of the Board.
A copy of the press release relating to the matters described under this Item 5.02 is attached as Exhibit 99.1.
Item 8.01. Other Events.
On June 21, 2012, the Company issued a press release announcing the management changes described in Item 5.02 of this Form 8-K, which is attached hereto as Exhibit 99.1.
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.
SUPERIOR UNIFORM GROUP, INC.
Date: June 21, 2012
By: /s/ Andrew D. Demott, Jr.
Andrew D. Demott, Jr.
Executive Vice President, Chief Financial Officer
and Treasurer
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:
Superior Uniform Group, Inc.
Andrew D. Demott, Jr., CFO For Immediate Release
(727) 803-7135
Superior Uniform Group Announces Change to Chairmanship
Seminole, Florida – June 21, 2012 – Superior Uniform Group, Inc., (NASDAQ: SGC), today announced that Chairman Gerald M. Benstock notified the Company that he will be stepping down from his position as Chairman of the Board after 62 years of service to the Company effective June 30, 2012, and will continue to serve as a director for the remainder of his term. Mr. Benstock does not intend to stand for re-election to the Board at the next Annual Meeting of Shareholders.
Mr. Sidney Kirschner will serve as Chairman and will assume the duties previously held by Gerald Benstock as Chairman. Kirschner has been an Independent Director of Superior Uniform Group, Inc. since September 1996 and the Lead Independent Director since May 2, 2008, and is well suited to assume the role of Chairman. Kirschner’s accomplishments include his current and former roles as Executive Vice President of Piedmont Healthcare, President and CEO of Piedmont Health Institute, Chairman and CEO of Northside Hospital, Inc., and Chairman, President and CEO of National Service Industries, Inc.
The Company expects a seamless transition and believes operations will remain unaffected during this period.
“The Company thanks my father for his decades of leadership and dedication, and wishes him the best in the next chapter of his life. His efforts have positioned the Company well, and I look forward to continuing to guide the Company in the coming years,” said Michael Benstock, Chief Executive Officer.
ABOUT SUPERIOR UNIFORM GROUP, INC.
Superior Uniform Group, Inc. (NASDAQ: SGC), established in 1920, is one of America's foremost providers of fine uniforms and image apparel. Headquartered in Seminole, Fla., Superior Uniform Group manages award-winning uniform apparel programs for major corporations nationwide. Leaders in
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innovative uniform program design, global manufacturing and state-of-the-art distribution, Superior Uniform Group helps companies achieve a professional appearance and communicate their brands—particularly those in the healthcare, hospitality, food service, retail and private security industries. The company’s commitment to service, technology, quality and value-added benefits, as well as its financial strength and resources, support customers’ diverse needs while embracing a "Customer 1st, Every Time!" philosophy and culture. Superior Uniform Group is the parent company to The Office Gurus® and everyBODY media™. For more information, call (800) 727-8643 or visit www.superioruniformgroup.com.