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JACKSONVILLE, Fla., June 8 /PRNewswire/ -- At the annual meeting of the shareholders of Stein Mart, Inc. (Nasdaq: SMRT) held yesterday, 11 returning directors were re-elected for a one-year term and the Stein Mart Management Incentive Compensation Plan was approved.
Stein Mart executives Jay Stein, chairman of the board, and Michael D. Fisher, president and chief executive officer, were re-elected. Also re- elected were: Alvin R. "Pete" Carpenter, former vice chairman of CSX Corporation; Linda McFarland Farthing, former president of Friedman's, Inc. and The Cato Corporation; Mitchell W. Legler, Esquire, general counsel to the Company; Michael D. Rose, private investor and chairman, Gaylord Entertainment; Richard L. Sisisky, president of The Shircliff and Sisisky Company and former president and chief operating officer of ParkerVision, Inc.; Martin E. "Hap" Stein, Jr., chairman and chief executive officer of Regency Centers Corporation; J. Wayne Weaver, chairman and chief executive officer of LC Footwear, L.L.C. and chairman, chief executive officer and majority owner of the Jacksonville Jaguars; John H. "Jack" Williams, Jr., vice chairman and former CEO of Stein Mart; and James H. Winston, president, Omega Insurance Company and Citadel Life & Health Insurance Company.
About Stein Mart
Stein Mart's 260 stores offer the merchandise, service and presentation of a better department or specialty store, at prices competitive with off-price retail chains. Currently with locations from California to New York, Stein Mart's focused assortment of merchandise features moderate to designer brand- name apparel for women, men and children, as well as accessories, gifts, linens and shoes.
SAFE HARBOR STATEMENT>>>>>>>Except for historical information contained herein, the statements in this release may be forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause Stein Mart's actual results in future periods to differ materially from forecasted or expected results. Those risks include, but are not limited to, on-going competition from other retailers, availability of new store sites at acceptable lease terms, ability to successfully implement strategies to exit or improve under-performing stores, changing preferences in apparel, changes in consumer spending due to current events and/or general economic conditions, the effectiveness of advertising, marketing and promotional strategies, adequate sources of merchandise at acceptable process and the other risks and uncertainties described in the Company's filing with the Securities and Exchange Commission.
Additional information about Stein Mart, Inc. can be found at http://www.steinmart.com .
SOURCE: Stein Mart, Inc.
CONTACT: Susan Datz Edelman, Director of Stockholder Relations, Stein Mart, Inc., +1-904-346-1506, or sedelman@steinmart.com