Defendant Name:
Stein Mart, Inc.
Defendant Type:
Public Company
SIC Code:
5311
CUSIP:
85837510
Document Reference:
34-75958
Document Details
Legal Case Name
In the Matter of Stein Mart, Inc.
Document Name
Order Instituting Cease-and-Desist Proceedings, Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date
22-Sep-2015
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On September 22, 2015, the SEC instituted settled cease-and-desist proceedings against Stein Mart, Inc. The SEC alleged that: "From at least 2010 to November 2012, Stein Mart, Inc. ('Stein Mart') materially misstated its pre-tax income in certain quarterly periods as a result of improperly valuing inventory that was subject to price discounts, or markdowns."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$800,000.00
Shared:
