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Red Flags Detected

  • Director Andrew D. Demott, Jr. Received 27.2% Opposition (new) — Elevated opposition to a director nominee may signal shareholder concerns about board composition or governance.
NASDAQ: SGC SUPERIOR GROUP OF COMPANIES, INC. 8-K

Superior Group annual meeting: all directors elected, one faces 27% opposition

Filed May 7, 2026 · Period ending May 7, 2026 · ~1 min read

4 key changes 1 red flag 1 section

Key Changes

  • medium

    Andrew D. Demott, Jr. re-elected with 72.7% support (8.3M for, 3.1M against), representing 27.2% opposition—the highest among seven director nominees.

  • low

    Six other directors elected with 93.2%–98.4% support: Michael Benstock, Paul Mellini, Todd Siegel, Michael Koempel, Susan Lattmann, and Loreen Spencer.

  • low

    Grant Thornton LLP ratified as 2026 auditor with 99.8% support (13.7M for, 22,681 against).

  • low

    Meeting achieved 87.4% quorum with 13.7M of 15.7M shares outstanding represented.

Summary

Superior Group's annual meeting produced a mixed governance signal. While six directors sailed through re-election with strong support (93%–98%), Andrew D. Demott, Jr. faced notable shareholder pushback, with 27.2% of votes cast against his re-election. This level of opposition—more than one in four votes—is unusual for an uncontested director election and warrants attention.

It may reflect concerns about board performance, independence, or strategic direction that management should address. The auditor ratification passed overwhelmingly at 99.8%, a routine outcome. The 87% quorum indicates solid shareholder engagement. For retail holders, the key takeaway is the Demott vote: while he retained his seat, the opposition level suggests a segment of the shareholder base is dissatisfied. Watch for any board response or governance changes in upcoming proxy materials.

Section-by-Section Diff

Event · Item 5.07 — Submission of Matters to a Vote of Security Holders

~300 words

Annual meeting results: seven directors elected, Grant Thornton ratified as auditor for 2026.

2 Added
Added Director elections medium

Added in current filing · verify on EDGAR →

Nominee | For | Against | Abstain | Broker Non-Votes | Michael Benstock | 11,146,344 | 242,093 | 18,165 | 2,311,475 | Paul Mellini | 11,142,873 | 262,194 | 1,535 | 2,311,475 | Todd Siegel | 11,030,018 | 357,750 | 18,833 | 2,311,476 | Michael Koempel | 10,628,508 | 775,891 | 2,203 | 2,311,475

Andrew D. Demott, Jr.

8,286,567 | 3,101,869 | 18,165 | 2,311,476 | Susan Lattmann | 11,155,105 | 231,252 | 20,245 | 2,311,475 | Loreen Spencer | 11,208,505 | 178,521 | 19,577 | 2,311,474

All seven director nominees were elected. Support ranged from 72.7% to 98.4% of votes cast. Andrew D. Demott, Jr. received the lowest support at 72.7% (8,286,567 for vs 3,101,869 against), representing notable opposition of 27.2%. The other six directors received support between 93.2% and 98.4% of votes cast. With 15,704,912 shares outstanding and entitled to vote, support for the directors ranged from 52.8% to 71.4% of total shares outstanding.

Show 1 minor / wording change
Added Auditor ratification low

Added in current filing · verify on EDGAR →

For | Against | Abstain | Broker Non-Votes | 13,676,626 | 22,681 | 18,770 | -

Shareholders ratified Grant Thornton LLP as the independent registered public accounting firm for 2026. The proposal passed with 99.8% support (13,676,626 for vs 22,681 against). This represents 87.1% of the 15,704,912 shares outstanding and entitled to vote.

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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 21, 2026 · How we verify