Stein Mart shareholders elect 11 members to board at annual meeting

Jacksonville, Fla. – At Stein Mart Inc.’s annual shareholder meeting Tuesday afternoon here, shareholders elected eleven members of the company's board of directors as well as voted on several other items.

They ratified the appointment of PricewaterhouseCoopers LLP as the independent registered certified public accountants for the fiscal year ending January 30, 2010. And two additional proposals, including an increase of the number of shares available in the Employee Stock Purchase Plan and the terms of the restated Stein Mart Management Incentive Compensation Plan, were also approved.

Also during the meeting, the company announced the retirement of James G. Delfs, svp, finance, cfo, who will remain with Stein Mart to assist in the search for and the transition to his successor.

Delfs has held his current post for the past 14 years.

Re-elected for a one-year term were Jay Stein, chairman of the board, Stein Mart Inc.; Alvin R. "Pete" Carpenter, former vice chairman of CSX Corporation and lead director; Ralph Alexander, managing director of Riverstone and former ceo of Innovene; Irwin Cohen, senior advisor with the Peter J. Solomon Company and former Global Managing Partner, Retail and Consumer Products Practice, Deloitte and Touche LLP; Susan Falk, group president of Womenswear, Hartmarx Corporation; Linda McFarland Farthing, former president and ceo, Stein Mart Inc.; Mitchell W. Legler, general counsel to the company; Richard Sisisky, president of The Shircliff and Sisisky Company; Martin E. "Hap" Stein Jr., chairman and ceo of Regency Centers Corporation; and John H. "Jack" Williams, Jr., vice chairman of the board and former ceo of Stein Mart Inc.

Also elected was David H. Stovall, Jr., president and chief executive officer of Stein Mart Inc., who was appointed to the board in December 2008 when he joined the company.

Home & Textiles Today Staff | News & Commentary

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