FORM 8-K
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
NOVEMBER 12, 1998
(Date of Report, date of earliest event reported)
STAGE STORES, INC.
(Exact name of registrant as specified in its charter)
Commission file number 001-14035
DELAWARE
(State or other jurisdiction of 76-0407711
incorporation or organization) (I.R.S. Employer Identifications No.)
10201 MAIN STREET, HOUSTON, TEXAS
(Address of principal executive 77025
offices) (Zip Code)
(713) 667-5601
(Registrant's telephone number, including area code)
NOT APPLICABLE
(Former name or address, if changed since last report)
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ITEM 5. OTHER EVENTS.
A press release regarding the Company announcing the resignation of the
Chief Merchandising Officer and certain other matters was issued by the Company
on November 11, 1998 and is attached hereto as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial statements of business acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
(c) Exhibits.
99.1 Press release dated November 11, 1998 issued by the Company.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
STAGE STORES, INC.
NOVEMBER 12, 1998 /s/ JAMES A. MARCUM
(Date) James A. Marcum
Vice Chairman and
Chief Financial Officer
EXHIBIT 99.1
NEWS RELEASE
CONTACT:
Bob Aronson
Director of Investor Relations
(800) 579-2302
FOR IMMEDIATE RELEASE
STAGE STORES, INC. ANNOUNCES RESIGNATION OF
CHIEF MERCHANDISING OFFICER
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HOUSTON, TX, November 11, 1998 -- Stage Stores, Inc. (NYSE: SGE) announced today
that Harry Brown has resigned from his position as Vice Chairman and Chief
Merchandising Officer of the Company to pursue personal interests. He will
assist the Company through the end of the year to ensure an orderly transition
of his responsibilities. Mr. Brown has been Chief Merchandising Officer of Stage
Stores since he joined the Company in August 1997 and was appointed Vice
Chairman in March 1998.
The Company will immediately begin a search for a new Chief Merchandising
Officer with extensive experience in dealing with the national brand name vendor
community to succeed Mr. Brown. The recruiting firm of Kenzer Corporation has
been retained by the Company to assist in the search.
Carl E. Tooker, Chairman, President and Chief Executive Officer will assume Mr.
Brown's duties and responsibilities in the interim while the search for a
permanent replacement is conducted.
In commenting on Mr. Brown's resignation, Mr. Tooker, said, "Since all of our
stores are already well stocked with seasonal merchandise, we do not view the
timing of this to be disruptive to our business during the all important holiday
selling season. In addition, we have a capable and experienced merchandising
division which will work to ensure that we have a smooth and orderly transition
into Spring."
Stage Stores, Inc. brings nationally recognized brand name family apparel,
accessories, cosmetics and footwear for the entire family to small towns and
communities throughout the United States. The company operated 671 stores in 33
states at the end of the third quarter, primarily under the Stage, Bealls and
Palais Royal trade names.
Any statements in this press release that may be considered forward-looking
statements are subject to risks and uncertainties that could cause actual
results to differ materially. These risks and uncertainties are discussed in
periodic reports filed by the Company with the Securities and Exchange
Commission that the Company urges investors to consider.
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