Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

June 19, 2018

(Date of Report; Date of Earliest Event Reported)

 

 

STEIN MART, INC.

(Exact Name of Registrant as Specified in its Charter)

 

 

 

Florida   0-20052   64-0466198

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

1200 Riverplace Blvd., Jacksonville, Florida 32207

(Address of Principal Executive Offices Including Zip Code)

(904) 346-1500

(Registrant’s telephone number, including area code)

 

 

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 (see General Instruction A.2. below):

 

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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 

 


ITEM 5.07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

The Annual Meeting of Shareholders of Stein Mart, Inc. (“Stein Mart” or the “Company”) was held on June 19, 2018. As of April 13, 2018, the record date for the Annual Meeting, there were 47,913,163 shares of the Company’s common stock outstanding and eligible to vote, of which a total of 43,885,707 shares were present in person or represented by proxy, constituting a quorum. The Company’s shareholders considered and voted upon five proposals. The number of votes cast for, against or withheld, as well as abstentions, if applicable, with respect to each proposal is set forth below:

 

(1) To elect the ten (10) director nominees to serve as directors of the Company for the ensuing year and until their successors have been elected and qualified.

 

Name of Director

   For      Withheld      Broker
Non-Votes
 

Jay Stein

     25,066,059        295,514        18,524,134  

Irwin Cohen

     25,058,581        302,992        18,524,134  

Thomas L. Cole

     25,225,287        136,286        18,524,134  

Timothy Cost

     25,208,079        153,494        18,524,134  

Lisa Galanti

     25,213,838        147,735        18,524,134  

D. Hunt Hawkins

     25,133,832        227,741        18,524,134  

Mitchell W. Legler

     25,017,492        344,081        18,524,134  

MaryAnne Morin

     25,129,653        231,920        18,524,134  

Richard L. Sisisky

     25,230,439        131,134        18,524,134  

Burton M. Tansky

     25,196,438        165,135        18,524,134  

(2)   To approve an advisory resolution on executive compensation for fiscal year 2017.

    

For

     24,538,899        

Against

     648,428        

Abstain

     174,246        

Broker Non-Votes

     18,524,134        

(3)   To approve the Stein Mart 2018 Omnibus Incentive Plan to replace our existing 2001 Omnibus Plan, as amended and restated.

    

For

     24,538,049        

Against

     622,223        

Abstain

     201,301        

Broker Non-Votes

     18,524,134        

(4)   To approve the Stein Mart Employee Stock Purchase Plan to replace our existing Employee Stock Purchase Plan.

    

For

     24,673,392        

Against

     487,877        

Abstain

     200,304        

Broker Non-Votes

     18,524,134        


(5) To ratify the appointment of KPMG LLP as our independent registered certified public accounting firm for the fiscal year ending February 2, 2019.

 

For

     43,553,805         

Against

     2067,325         

Abstain

     64,577         

Broker Non-Votes

     —         

The press release announcing the results of the Annual Meeting of Shareholders is attached as Exhibit 99.1 to this report.

 

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits

 

99.1    Press Release dated June 19, 2018, announcing the results of the Annual Meeting of Shareholders


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    STEIN MART, INC.
    (Registrant)
Date: June 19, 2018     By:   /s/ Gregory W. Kleffner
      Gregory W. Kleffner
      Executive Vice President and Chief Financial Officer
EX-99.1

EXHIBIT 99.1

 

LOGO

 

June 19, 2018      For more information:
     Linda L. Tasseff
FOR IMMEDIATE RELEASE      Director, Investor Relations
     (904) 858-2639
     ltasseff@steinmart.com

STEIN MART, INC. ANNOUNCES RESULTS OF ANNUAL MEETING OF SHAREHOLDERS

JACKSONVILLE, FL – Stein Mart, Inc. (NASDAQ: SMRT) today announced shareholder voting results for its 2018 Annual Meeting of Shareholders. Approximately 91.6 percent of all outstanding shares were present or represented by proxy at the meeting.

Shareholders approved the election of Jay Stein, Irwin Cohen, Thomas L. Cole, Timothy Cost, Lisa Galanti, D. Hunt Hawkins, Mitchell W. Legler, MaryAnne Morin, Richard L. Sisisky and Burton M. Tansky to the board of directors for one-year terms. Shareholders also approved an advisory resolution on executive compensation for fiscal 2017, approved the Stein Mart 2018 Omnibus Incentive Plan, approved the Stein Mart Employee Stock Purchase Plan, and ratified the appointment of KPMG LLP as the Company’s independent registered certified public accounting firm for the fiscal year ending February 2, 2019.

About Stein Mart

Stein Mart, Inc. is a national specialty off-price retailer offering designer and name-brand fashion apparel, home décor, accessories and shoes at everyday discount prices. Stein Mart provides real value that customers love every day both in stores and online. The Company currently operates 289 stores across 30 states. For more information, please visit www.steinmart.com.