Hartmarx Corporation said today that it has retained Bear, Stearns & Co to assist the board of directors and the recently formed ad hoc committee of the board with the evaluation of proposed transactions and other matters the board deems appropriate. The ad hoc committee of the board is headed by Raymond F. Farley, retired president and chief executive officer of SC Johnson Wax.

Mr. Farley said: "Retaining Bear Stearns is our first step in fulfilling the committee's mandate. The committee, the board and Hartmarx executive management have exercised and fully intend to continue to exercise their fiduciary duties and responsibilities to shareholders. We are going about our evaluation in an objective, professional, deliberate and detailed manner, and we believe that Bear Stearns is well-suited to assist with that effort."


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