STEIN MART, INC. (NASDAQ:SMRT) Files An 8-K Submission of Matters to a Vote of Security Holders
ITEM5.07
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 June20, 2017. As of April13,
2017, the record date for the Annual Meeting, there were
47,144,862 shares of the Companys common stock outstanding and
eligible to vote, of which a total of 43,986,012 shares were
present in person or represented by proxy, constituting a quorum.
The Companys shareholders considered and voted upon four
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 |
|||
|
32,393,166 | 1,412,001 | 10,180,845 | |||
|
31,601,878 | 2,203,289 | 10,180,845 | |||
|
32,593,219 | 1,211,948 | 10,180,845 | |||
|
31,271,972 | 2,533,195 | 10,180,845 | |||
|
33,034,842 | 770,325 | 10,180,845 | |||
|
33,027,052 | 778,115 | 10,180,845 | |||
|
33,032,328 | 772,839 | 10,180,845 | |||
|
32,396,086 | 1,409,081 | 10,180,845 | |||
|
32,554,789 | 1,250,378 | 10,180,845 | |||
|
31,489,510 | 2,315,657 | 10,180,845 |
(2) |
To approve an advisory resolution on executive compensation for fiscal year 2016. |
|
32,606,713 | |||
|
1,059,416 | |||
|
139,038 | |||
|
10,180,845 |
(3) |
To conduct an advisory vote on the frequency of future advisory votes on executive compensation. |
|
29,703,624 | |||
|
258,761 | |||
|
3,732,299 | |||
|
110,483 | |||
|
10,180,845 |
Consistent with the Boards recommendation and the advisory vote
of our shareholders, the Board has approved an annual frequency
for future say-on-pay votes until the next required vote on the
frequency of shareholder approval of executive compensation.
(4) |
To ratify the appointment of KPMG LLP as the Companys independent registered certified public accounting firm for the fiscal year ending February3, 2018. |
|
43,127,529 | |||
|
332,385 | |||
|
526,098 | |||
|
The press release announcing the results of the Annual Meeting of
Shareholders is attached as Exhibit 99.1 to this report.
ITEM9.01 |
FINANCIAL STATEMENTS AND EXHIBITS |
(d) |
Exhibits |
99.1 Press Release dated June20, 2017, announcing the results of
the Annual Meeting of Shareholders
STEIN MART INC ExhibitEX-99.1 2 d388984dex991.htm PRESS RELEASE Press Release EXHIBIT 99.1 June 20,…To view the full exhibit click here
About STEIN MART, INC. (NASDAQ:SMRT)
Stein Mart, Inc. is a national retailer offering the fashion merchandise, service and presentation of a department or specialty store. The Company offers apparel for women and men, as well as accessories, shoes and home fashions. The Company’s target customers are women over 45 years old. The Company operates approximately 280 stores in over 30 states and an Internet store. Its stores are located in the Northeast, Midwest, Southeast, Texas and the Southwest. It is concentrated in the Southeast and Texas where over 180 of its stores are located. The Company’s stores offer a range of services, such as merchandise locator service, a Preferred Customer program, co-branded and private label credit card programs, and electronic gift cards. The Company’s merchants purchase products from approximately 1,200 vendors. It leases all of its store locations, generally for approximately 10 years with options to extend the lease term for over two or five year periods.