Inactive Instrument

Stage Stores, Inc.

Equities

SSINQ

US85254C3051

STAGE STORES INC : Other Events, Financial Statements and Exhibits (form 8-K)

March 01, 2020 at 01:44 am IST

Item 8.01 Other Information

On March 27, 2020, Stage Stores, Inc. (the "Company") issued a new release announcing that it was temporarily closing all of its store locations. A copy of the news release is attached to this Form 8-K as Exhibit 99.1.

The Company also announced that it was reducing pay by at least 25% for its executive leadership team. Pay reductions are effective March 29, 2020 and will remain in effect for a period to be determined by the Company's board of directors. The following table sets forth the current salary and the temporary reduced salary for our principal executive officer, principal financial officer and our named executive officers:



Officer           Current Annual Salary Temporary Annual Salary
Michael L. Glazer      $1,050,000              $787,500
Jason T. Curtis         $360,000               $270,000
Thorsten Weber          $525,000               $210,000


Item 9.01  Financial Statements and Exhibits
(d)  Exhibits

99.1 Stage Stores, Inc. news release dated March 27, 2020. 104 Cover Page Interactive Data File (embedded within the Inline XBRL Document)

Latest news about Stage Stores, Inc.

Factbox: Retail casualties of the coronavirus pandemic	02/20/02	RE
Factbox: Retail casualties of the coronavirus pandemic	01/20/01	RE
Stage Stores, Inc. Went Out of Business	30/20/30	CI
Bealls, Inc. acquired the intellectual property and distribution facility of Stage Stores, Inc. (OTCPK:SSIN.Q) for $7 million.	21/20/21	CI
Motion for Asset Sale Approved for Stage Stores, Inc.	10/20/10	CI
Motion for Asset Sale Approved for Stage Stores, Inc.	09/20/09	CI
Motion for Asset Sale Filed by Stage Stores, Inc.	04/20/04	CI
U.S. Retail Bankruptcies, Store Closures Hit Record in First Half -- Update	30/20/30	DJ
Stein Mart : Consumers Take Retailers to Court Over Unused Gift Cards	18/20/18	DJ
Home Depot : Amazon Fight Primed Big-Box Stores for Virus	25/20/25	DJ
Home Depot : Big-Box Stores, Worried About Amazon, Were Ready for Coronavirus	24/20/24	DJ
Target Posts Record Quarter	20/20/20	DJ
Target Sales Jump as Pandemic Speeds E-Commerce Shift -- 3rd Update	20/20/20	DJ
Target : Sales Jump as Pandemic Speeds E-Commerce Shift --2nd Update	19/20/19	DJ
Target : Sales Jump as Pandemic Speeds E-Commerce Shift --Update	19/20/19	DJ
Target : Sales Jump as Pandemic Speeds E-Commerce Shift	19/20/19	DJ
Walmart : Online Sales Rush, Stimulus Boost Walmart	19/20/19	DJ
Walmart : Flexes Its Scale to Power Through Pandemic -- 3rd Update	18/20/18	DJ
Walmart : Flexes Its Scale to Power Through Pandemic--2nd Update	18/20/18	DJ
Walmart : Flexes Its Scale to Power Through Pandemic--Update	18/20/18	DJ
Second Amended Joint Liquidation Plan Approved for Stage Stores, Inc.	14/20/14	CI
Second Amended Joint Liquidation Plan Filed by Stage Stores, Inc.	12/20/12	CI
The Coronavirus Retail Shakeout : Who's Closing or Opening Stores	16/20/16	DJ
First Amended Disclosure Statement Approved for Stage Stores, Inc.	01/20/01	CI
First Amended Joint Liquidation Plan and Disclosure Statement Filed by Stage Stores, Inc.	30/20/30	CI

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Company Profile

Stage Stores, Inc. is a retailer, which operates specialty department stores and off-price stores. The Company offers apparel, accessories, cosmetics, footwear and home goods. The Company operates in over 42 states through approximately 727 department stores under the BEALLS, GOODY'S, PALAIS ROYAL, PEEBLES and STAGE nameplates and approximately 68 GORDMANS off-price stores. It also operates an electronic commerce Website for its department store business. The Company's department stores are located in small towns and rural communities. Its off-price stores are located in mid-sized, non-rural Midwest markets. The Company contracts with third-party carriers to deliver merchandise to its stores and customers in the fulfillment of online orders. It enables customers to pick up an online order in a local store through its buy online, ship-to-store program.

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