UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC  20549
 
________________
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
 
March 29, 2011
(Date of Report, Date of Earliest Event Reported)

Stage Stores, Inc.
(Exact Name of Registrant as Specified in Charter)
 
1-14035
(Commission File Number)
 
NEVADA
(State or Other Jurisdiction of Incorporation)
91-1826900
(I.R.S. Employer Identification No.)
   
10201 Main Street, Houston, Texas
(Address of Principal Executive Offices)
77025
(Zip Code)
 
(800) 579-2302
(Registrant's Telephone Number, Including Area Code)
 
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
o  
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o  
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o  
Pre-commencement communications pursuant to Rule 14d-12(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o  
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 
 

 
Item 5.02
Departure of Directors or Principal Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
 
            (e) 
Compensatory Arrangements of Certain Officers

On March 29, 2011, the Compensation Committee of the Board of Directors of Stage Stores, Inc. (the “Company”) recommended, and the Board of Directors approved, the parameters for the Company's 2011 Senior Executive Incentive Bonus Plan (the “2011 Bonus Plan”) and approved the annual cash incentive opportunities for the Named Executive Officers for the Company’s 2011 fiscal year as set forth in the table below.
 
A “Pre-Tax Earnings Parameter” of the bonus formula is weighted to determine two thirds of the year-end bonus amount earned. A “Comparable Store Sales Parameter” of the bonus formula is weighted to determine one-third of the year-end bonus amount earned and the measurement is based on fiscal year-end comparable store sales percent change, compared to the Company’s Performance Group, as identified in the Company’s 2011 Proxy Statement.
 
Under the 2011 Bonus Plan, the potential bonus payout, as a percentage of each officer's base salary at April 1, 2011, is as follows:
 
Executive/Title
  
Base Salary($)
    
Bonus Range % (1)
(Threshold/Target/Maximum)
    
Bonus Range $ (2)
(Threshold/Target/Maximum)
  
Mr. Hall
President and Chief Executive Officer
    
850,000
    
25-100-200
      
212,500-850,000-1,700,000
  
Mr. Record
Chief Operating Officer
    
572,000
    
17.5-70-140
      
100,100-400,400-800,800
  
Mr. Shein
Chief Financial Officer
    
350,000
    
12.5-50-100
      
43,750-175,000-350,000
  
Mr. Maloney
Chief Merchandising Officer
    
561,000
    
17.5-70-140
      
98,175-392,700-785,400
  
Mr. Lucas
Executive Vice President, Human Resources
    
366,000
    
12.5-50-100
      
45,750-183,000-366,000
  
Mr. Hunter
Executive Vice President, Chief Information Officer
    
400,000
    
12.5-50-100
      
50,000-200,000-400,000
  
_________________________
 
(1)
Percentage of base salary
(2)
Amount to be paid will depend upon the extent to which the Company achieves the Pre-Tax Earnings and Comparable Store Sales parameters established by the Board of Directors.  Actual bonus payments will be prorated for Pre-Tax Earnings and Comparable Store Sales results between the threshold and maximum levels.
 
 
 
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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, hereunto duly authorized.
 

   
 
STAGE STORES, INC.
   
April 4, 2011
/s/ Oded Shein
    (Date)
Oded Shein
 
Chief Financial Officer

 
 

 
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