Superior Group of Companies (SGC) has provided an announcement.
In a strategic move to enhance shareholder value, the Company’s Board of Directors has approved a new stock repurchase plan, allowing for the buyback of up to $10 million of its common stock over the next year, signaling a shift from the previous plan which saw the repurchase of 92,549 shares. Flexible in approach, the Company may conduct these repurchases through various market transactions, depending on stock price, market conditions, and other pertinent factors, while retaining the right to modify or discontinue the plan at any moment. These repurchased stocks hold potential future use in employee benefit plans or for other corporate purposes, underscoring the Company’s forward-looking financial strategies.
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