ITEM 7.01  REGULATION FD DISCLOSURE.
As previously disclosed, on August 12, 2020, Stein Mart, Inc., (the "Company"),
filed a voluntary petition in the United States Bankruptcy Court for the Middle
District of Florida - Jacksonville Division seeking relief under the provisions
of Chapter 11 of the United States Bankruptcy Code (the "Bankruptcy Code"). The
Company's case has been assigned the following case number, Case No.
3:20-bk-2387, by the Bankruptcy Court.
On September 21, 2020, the Company filed its monthly operating report for the
period from August 12, 2020 through August 29, 2020 (the "Monthly Operating
Report") with the Bankruptcy Court. The Monthly Operating Report can be viewed
and printed free of charge at https://cases.stretto.com/SteinMart.
The Bankruptcy will likely result in holders of the Company's common stock
receiving no value for their shares. Accordingly, trading in these securities is
highly speculative and poses 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.
In accordance with General Instruction B.2 of Form 8-K, the information in this
Item 7.01 shall not be deemed "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise
subject to the liabilities of that section, nor shall such information be deemed
incorporated by reference in any filing under the Securities Act of 1933, as
amended, except as shall be expressly set forth by specific reference in such a
filing.
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.

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