Superior Group of Companies Announces Participants for Year 2 of Its Board Observer Program

Rhea-AI Summary

Superior Group of Companies (NASDAQ: SGC) has announced the expansion of its Board Observer Program for its second year, doubling the number of participants. The program, launched in February 2024, aims to provide governance exposure to traditionally underrepresented groups in public company boardrooms.

The non-voting Observer Program allows participants to attend Board and committee meetings throughout the year, encouraging active participation and perspective sharing. Ixchell Duarte and Tauana McDonald have been named as the new participants, following Dr. Kelly Richmond Pope's successful participation in the program's first year.

The initiative focuses on providing firsthand experience in public company board responsibilities and dynamics, with the goal of preparing participants for future board positions, though not necessarily with SGC. The company plans to continue the program indefinitely, viewing it as a model for other companies to help level the playing field in corporate governance.

Positive

• Program expansion demonstrates successful implementation and commitment to corporate governance diversity
• Doubling of participant slots indicates growing program strength

Negative

• None.

– Designed to Expose Traditionally Underrepresented Groups to Public Company Corporate Governance –

– SGC Doubles the Size of its Board Observer Program –

– Ixchell Duarte and Tauana McDonald Named as Participants –

ST. PETERSBURG, Fla., Feb. 06, 2025 (GLOBE NEWSWIRE) -- Superior Group of Companies, Inc. (NASDAQ: SGC), is pleased to announce the launch of the second year of its Board Observer Program and a doubling of the number of participants.

In February 2024, SGC launched a program designed to provide governance exposure to those traditionally underrepresented in public company boardrooms. Participants in the non-voting Observer Program are invited and expected to attend most of our Board and committee meetings over the course of a year and are encouraged to ask questions as well as lend their own perspective to those meetings. The goal is to provide participants with a firsthand understanding of the responsibilities and dynamics involved in serving on a public company board. This exposure is expected to contribute to their professional development and enhance their knowledge of corporate governance practices in order to help them be better positioned to join a public company board. There is no expectation that the program participants will join SGC’s board.

“SGC’s Observer Program was an overwhelming success in its first year, with Dr. Kelly Richmond Pope setting a high bar for future participants”, said Michael Benstock, Chairman of the Board of Directors and Chief Executive Officer of SGC. “As intended, the program provided a diverse perspective to our already diverse Board, but, more importantly, provided invaluable hands-on, real world experience to a person that has a bright future. We are ecstatic about the individuals selected to participate in the second year of the program, and look forward to continuing the program indefinitely.”

“As stated a year ago upon the program’s launch, it is – and remains – our hope that this program will be an example that other company boards can use to help level the playing field,” said Todd Siegel, Chair of SGC’s Corporate Governance, Nominating & Ethics Committee. “The first year of the program established proof of concept, and we look forward to continuing and expanding the program’s value with two superb participants in year two.”

The program’s observers this year are Ixchell Duarte and Tauana McDonald.

For more information about Ms. Duarte, please click here.

For more information about Ms. McDonald, please click here.

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 visit www.superiorgroupofcompanies.com.

Contact:
Investor Relations
investors@superiorgroupofcompanies.com

Attachments

• Duarte
• McDonald

FAQ

How many participants does SGC's Board Observer Program include in 2025?

SGC has doubled the size of its Board Observer Program for 2025, now including two participants: Ixchell Duarte and Tauana McDonald.

When did Superior Group of Companies (SGC) launch its Board Observer Program?

SGC launched its Board Observer Program in February 2024.

Who was the first participant in SGC's Board Observer Program?

Dr. Kelly Richmond Pope was the first participant in SGC's Board Observer Program during its inaugural year.

What is the purpose of SGC's Board Observer Program?

The program aims to provide governance exposure to traditionally underrepresented groups in public company boardrooms, offering firsthand experience in board responsibilities and corporate governance practices.

Are SGC Board Observer Program participants expected to join the company's board?

No, there is no expectation that program participants will join SGC's board. The program is designed to prepare participants for potential board positions at any public company.