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Stein Mart approves Management Incentive Compensation Plan

10 Jun '05

2 min read

Upscale, off-price specialty store chain Stein Mart Inc stated at the annual meeting of the shareholders of 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.

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 fromCalCalifornia 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.

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