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Get filing alertsSuperior Group CEO Benstock signs new contract through 2029 with $1M+ salary, $1.5M guaranteed bonuses
Filed May 29, 2026 · Period ending May 26, 2026 · ~1 min read
Key Changes
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CEO Michael Benstock signed employment agreement running through May 2029 with $1,044,399 base salary, replacing 2005 severance agreement. Deal includes $2.1M retention bonus payable upon retirement or resignation for Good Reason.
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Agreement guarantees CEO minimum $500,000 annual bonuses for fiscal 2026-2028 regardless of company performance, with potential for higher amounts based on results. Total guaranteed bonuses: $1.5M over three years.
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Severance protection provides 2.0x highest annual compensation plus prorated guaranteed bonus if terminated without cause, resignation for Good Reason, or termination within 12 months of change in control. Potential multi-million dollar payout.
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1 more material change behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · Jun 1, 2026 · How we verify