UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

~~October~~November 3020, 2020

Date of Report (Date of earliest event reported)

STEIN MART, INC.

(Exact name of registrant as specified in its charter)

Florida

0-20052

64-0466198

(State or other jurisdiction
of incorporation)

(Commission
File Number)

(IRS Employer
Identification Number)

1200 Riverplace Blvd., Jacksonville, Florida 32207

(Address of principal executive offices, including Zip Code)

(904) 346-1500

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: None

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 57.0201 ~~DEPARTURE~~REGULATION OFFD ~~DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS~~DISCLOSURE.

OnAs ~~October~~previously 30disclosed, ~~2020,~~on ~~James~~August B.12, ~~Brown~~2020, ~~notified~~ Stein Mart, Inc., (the “Company”), offiled ~~his~~a ~~decision~~voluntary topetition ~~resign~~in ~~from~~the ~~his~~United ~~position~~States asBankruptcy ~~Executive~~Court ~~Vice~~for ~~President~~the ~~and~~Middle ~~Chief~~District ~~Financial~~of ~~Officer~~Florida to- ~~pursue~~Jacksonville ~~another~~Division ~~opportunity,~~seeking ~~effective~~relief ~~immediately.~~under ~~Mr.~~the ~~Brown’s~~provisions ~~decision~~of toChapter ~~resign~~11 isof ~~not~~the ~~related~~United toStates ~~any~~Bankruptcy ~~disagreement~~Code ~~with~~ (the “Bankruptcy Code”). The Company’s orcase ~~its~~has ~~auditors~~been onassigned ~~any~~the ~~matter~~following ~~relating~~case tonumber, ~~the~~Case ~~Company’s~~No. ~~operations~~3:20-bk-2387, ~~policies~~by orthe ~~practices~~Bankruptcy Court.

~~Cautionary~~On ~~Note~~November ~~Regarding~~20, 2020, the Company’s filed its monthly operating report for the period from October 4, 2020 through October 31, 2020 (the “Monthly Operating Report”) with the Bankruptcy ~~Proceedings~~Court. The Monthly Operating Report can be viewed and printed free of charge at https://cases.stretto.com/SteinMart.

AsThe ~~previously~~Bankruptcy ~~disclosed,~~will onlikely ~~August~~result ~~12,~~in ~~2020,~~holders of the Company’s ~~filed~~common astock ~~voluntary~~receiving ~~petition~~no invalue ~~the United States Bankruptcy Court~~ for ~~the~~their ~~Middle~~shares. ~~District~~Accordingly, oftrading ~~Florida~~in -these ~~Jacksonville~~securities ~~Division~~is ~~seeking~~highly ~~relief~~speculative ~~under~~and ~~the~~poses ~~provisions~~substantial ofrisks. ~~Chapter~~Trading 11prices offor the ~~United~~Company’s ~~States~~common ~~Bankruptcy~~stock ~~Code~~may ~~(the~~bear ~~“Bankruptcy~~little ~~Code”).~~or ~~The~~no ~~Company’s~~relationship ~~case~~to ~~has been assigned~~ the ~~following~~actual ~~case number~~recovery, ~~Case~~if ~~No. 3:20-bk-2387~~any, by holders thereof in the Bankruptcy ~~Court~~.

~~The~~In ~~Bankruptcy~~accordance ~~will~~with ~~result~~General inInstruction ~~holders~~B.2 of ~~the~~Form ~~Company’s~~8-K, ~~common~~the ~~stock~~information ~~receiving~~in nothis ~~value~~Item ~~for their shares~~7.01 ~~Accordingly,~~shall ~~trading~~not inbe ~~these~~deemed ~~securities~~“filed” isfor ~~highly~~purposes ~~speculative~~of ~~and~~Section ~~poses~~18 ~~substantial~~of ~~risks.~~the ~~Trading~~Securities ~~prices~~Exchange ~~for~~Act ~~the~~of ~~Company’s~~1934, ~~common~~as ~~stock~~amended ~~may~~(the ~~bear~~“Exchange ~~little~~Act”), or nootherwise ~~relationship~~subject to the ~~actual~~liabilities ~~recovery,~~of ifthat ~~any~~section, bynor ~~holders~~shall ~~thereof~~such information be deemed incorporated by reference in any filing under the ~~Bankruptcy. Court~~Securities ~~filings~~Act ~~and~~of ~~other~~1933, ~~documents~~as ~~related~~amended, toexcept ~~the~~as ~~Bankruptcy~~shall ~~process~~be ~~are~~expressly ~~available~~set ~~at https://cases~~forth by specific reference in such a filing.~~stretto.com/SteinMart.~~

Cautionary Statement Regarding Financial Operating Data

The Company cautions investors and potential investors not to place undue reliance upon the information contained in the Monthly Operating Report, which was not prepared for the purpose of providing the basis for an investment decision relating to any of the securities of the Company. The Monthly Operating Report is limited in scope, covers a limited time period and has been prepared solely for the purpose of complying with the monthly reporting requirements of the Bankruptcy Court. The Monthly Operating Report was not audited or reviewed by independent accountants, was not prepared in accordance with Generally Accepted Accounting Principles in the United States, is in a format prescribed by applicable bankruptcy laws, and is subject to future adjustment and reconciliation. There can be no assurance that, from the perspective of an investor or potential investor in the Company’s securities, the Monthly Operating Report is complete. The Monthly Operating Report also contains information for periods that are shorter or otherwise different from those required in the Company’s reports pursuant to the Exchange Act, and such information might not be indicative of the Company’s financial condition or operating results for the period that would be reflected in the Company’s financial statements or in its reports pursuant to the Exchange Act. Results set forth in the Monthly Operating Report should not be viewed as indicative of future results.

Forward-Looking Statements

This Form 8-K contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The matters discussed herein include statements regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to the future operating performance of the Company and its asset utilization. Investors are cautioned that any such forward looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those in the forward looking statements as a result of various factors.

The Bankruptcy will likely result in holders of our liabilities and/or securities receiving no value for their interests. Because of such possibilities, the value of these liabilities and/or securities is highly speculative and will pose substantial risks. Trading prices for the Company’s common stock may bear little or no relationship to the actual recovery, if any, by holders thereof in the Bankruptcy Case. Accordingly, the Company urges extreme caution with respect to existing and future investments in its common stock. Caution should be taken not to place undue reliance on our forward-looking statements, which represent our view only as of the date hereof, and which we assume no obligation to update.

Court filings and other documents related to the Bankruptcy process are available at https://cases.stretto.com/SteinMart.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

STEIN MART, INC.

(Registrant)

Date:

~~October~~November 3023, 2020

By:

/s/ D. Hunt Hawkins

D. Hunt Hawkins

Chief Executive Officer

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