STEIN MART, INC. (SMRT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
On November 11, 2016, Stein Mart, Inc. (the “Company”) announced the appointment of E. Chantelle Quick to serve as the Company’s Senior Vice President, Controller, effective November 7, 2016.
Ms. Quick, age 46, joined the Company in January 2012 as Senior Director, Internal Audit and was promoted to Vice President, Audit Services Group in June 2013. Prior to joining the Company, Ms. Quick was a Shareholder and Director of Audit Services at Ennis, Pellum & Associates, CPAs from 2006 to 2011. Ms. Quick is a Certified Public Accountant with over 20 years of diverse financial and operational experience leading audit and accounting functions and providing process improvement expertise for businesses of all sizes from start-up to well-established global corporations. She received a Bachelor of Business Administration, Managerial Finance from the University of Mississippi and completed her graduate studies in accounting at the University of North Florida. Ms. Quick currently serves on the Board of Directors of the Jacksonville Children’s Chorus and Leadership Jacksonville, and is a member of the Audit Committee of Community First Credit Union.
Ms. Quick will earn an annual base salary of $225,000 with a car allowance of $3,300 per quarter. Ms. Quick will participate in the Company’s annual incentive (bonus) plan, long-term incentive plan and other benefit programs on the same terms as other executives at her level. Her annual incentive at target performance will be 30% of base salary and her long-term incentive at target performance will be 90% of base salary.
There are no arrangements between Ms. Quick and any other person to which Ms. Quick was appointed to serve as an officer, nor are there any family relationships between Ms. Quick and any of the Company’s directors or officers.
About STEIN MART, INC. (SMRT)