On April 19, 2012, Michael L. Glazer was appointed President and Chief Executive Officer of the Stage Stores Inc. on a permanent basis. He had served in those capacities on an interim basis since March 28, 2012. He has been a Director since August 2001. During that time he has served as Chairman of the Compensation Committee and as Chairman of the Corporate Governance and Nominating Committee. He will remain a Director, but will no longer serve on Board committees as he is not deemed to be independent under NYSE listing standards and the company's Corporate Governance Guidelines by virtue of his employment with the company. Mr. Glazer served as the President and CEO of Mattress Giant Corporation located in Addison, Texas, since October 2009.