Stein Mart Appoints Dawn Robertson As CEO - Quick Facts

(RTTNews) - Stein Mart, Inc. (SMRT) announced that it appointed Dawn Robertson as chief executive officer, and as board of director. Robertson will also have the responsibilities of chief merchant for the foreseeable future. She succeeds Jay Stein, the Company's founder and long standing chief executive officer, who had advised the Board of his desire to step back from that position but remain Stein Mart's chairman of the board.

Over the past decade, Ms. Robertson was the chief executive officer or president of several retail companies, including UNKNWN, Deb Shops, Nygard International and The Avenue. She has also held various executive positions at Old Navy, Myer Stores, Federated Department Stores, Saks and May Department Stores.

The Board of Directors also declared, today, a quarterly dividend of $0.075 per common share, payable on April 15, 2016 to shareholders of record as of the close of business on April 1, 2016.