The US Bankruptcy Court gave final order approving Stein Mart, Inc.’s entry into an agency agreement on September 17, 2020. The debtor has been authorized to appoint Hilco Merchant Resources, LLC, Gordon Brothers Retail Partners, LLC, Great American Group, LLC, Tiger Capital Group, LLC, and SB360 Capital Partners, LLC, as its agents to conduct store-closing sales. According to the approved agency agreement, agent guarantees that debtor shall receive the sum of 2 of the aggregate cost value of debtor's assets. In addition to the guaranteed amount, agent shall pay debtor the sum of $1.5 million.