SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
November 20, 2018
(Date of Report; Date of Earliest Event Reported)
STEIN MART, INC.
(Exact Name of Registrant as Specified in its Charter)
(State or Other Jurisdiction
1200 Riverplace Blvd., Jacksonville, Florida 32207
(Address of Principal Executive Offices Including Zip Code)
(Registrants 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 1.01|| |
ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On February 19, 2018, Stein Mart, Inc. (Stein Mart or our) entered into a Second Amendment to the Amended and Restated Co-Brand and Private Label Credit Card Consumer Program Agreement (the Amendment) with Synchrony Bank (Synchrony).
The Amendment allows for, among other things, a new financial covenant for a Minimum Liquidity Requirement (as defined in the Amendment) and also amends the weekly and monthly reporting requirements as set forth in the Amended and Restated Co-Brand and Private Label Credit Card Consumer Program Agreement.
The foregoing summary is qualified in its entirety by reference to the full and complete terms of the Agreement which will be filed with our next Quarterly Report on Form 10-Q.
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.
|Date: November 27, 2018||/s/ Gregory W. Kleffner|
Gregory W. Kleffner
Executive Vice President and Chief Financial Officer