SCHEDULE 14A
                                 (RULE 14A-101)

                    INFORMATION REQUIRED IN PROXY STATEMENT

                            SCHEDULE 14A INFORMATION
          PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE SECURITIES
                    EXCHANGE ACT OF 1934 (AMENDMENT NO.   )

Filed by the Registrant [X]

Filed by a Party other than the Registrant [ ]

Check the appropriate box:


                                             
[ ]  Preliminary Proxy Statement                [ ]  Confidential, for Use of the Commission
                                                     Only (as permitted by Rule 14a-6(e)(2))
[X]  Definitive Proxy Statement
[ ]  Definitive Additional Materials
[ ]  Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12

                              THE CATO CORPORATION
--------------------------------------------------------------------------------
                (Name of Registrant as Specified In Its Charter)


--------------------------------------------------------------------------------
    (Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

[X]  No fee required.

[ ]  Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.

     (1)  Title of each class of securities to which transaction applies:

     (2)  Aggregate number of securities to which transaction applies:

     (3)  Per unit price or other underlying value of transaction computed
          pursuant to Exchange Act Rule 0-11 (set forth the amount on which the
          filing fee is calculated and state how it was determined):

     (4)  Proposed maximum aggregate value of transaction:

     (5)  Total fee paid:

[ ]  Fee paid previously with preliminary materials:

[ ]  Check box if any part of the fee is offset as provided by Exchange Act Rule
     0-11(a)(2) and identify the filing for which the offsetting fee was paid
     previously. Identify the previous filing by registration statement number,
     or the Form or Schedule and the date of its filing.

     (1)  Amount Previously Paid:

     (2)  Form, Schedule or Registration Statement No.:

     (3)  Filing Party:

     (4)  Date Filed:

(THE CATO CORPORATION LOGO)

Dear Shareholder:

You are cordially invited to attend the Annual Meeting of Shareholders to be
held at the Corporate Office of the Company, 8100 Denmark Road, Charlotte, North
Carolina 28273 on Thursday, May 23, 2002 at 11:00 A.M., Eastern Time.

The Notice of the Annual Meeting of Shareholders and Proxy Statement are
attached. The matters to be acted upon by our shareholders are set forth in the
Notice of Annual Meeting of Shareholders and discussed in the Proxy Statement.

We would appreciate your signing, dating, and returning to the Company the
enclosed proxy card in the enclosed envelope at your earliest convenience.

We look forward to seeing you at our Annual Meeting.

Sincerely yours,



/s/ John P. Derham Cato
-------------------------------------
JOHN P. DERHAM CATO
President, Vice Chairman of the Board
and Chief Executive Officer

8100 DENMARK ROAD
P. O. BOX 34216
CHARLOTTE, NC 28234
(704) 554-8510




                              THE CATO CORPORATION

               --------------------------------------------------

                    NOTICE OF ANNUAL MEETING OF SHAREHOLDERS
                             TO BE HELD MAY 23, 2002

               --------------------------------------------------

TO THE SHAREHOLDERS OF
THE CATO CORPORATION

         Notice is hereby given that the Annual Meeting of Shareholders of The
Cato Corporation (the "Company") will be held on Thursday, May 23, 2002 at 11:00
A.M., Eastern Time, at the Corporate Office of the Company, 8100 Denmark Road,
Charlotte, North Carolina 28273, for the following purposes:

         1.       To elect five Directors to serve until their successors are
                  elected and qualified;

         2.       To consider and vote upon a proposal to ratify the action of
                  the Board of Directors in selecting Deloitte & Touche LLP as
                  the Company's independent auditors for the fiscal year ending
                  February 1, 2003; and

         3.       To transact such other business as may properly come before
                  the meeting or any adjournment thereof.

         The Board of Directors has fixed the close of business on March 22,
2002 as the record date for determination of shareholders entitled to notice of
and to vote at the meeting or any adjournments thereof.

                                         By Order of the Board of Directors



                                         /s/ Michael O. Moore
                                         ----------------------------------
                                         MICHAEL O. MOORE
Dated:  April 24, 2002                   Secretary

--------------------------------------------------------------------------------
SHAREHOLDERS ARE URGED TO SIGN AND MAIL THE ENCLOSED PROXY IN THE ENCLOSED
ENVELOPE TO ENSURE A QUORUM AT THE MEETING. THIS IS IMPORTANT WHETHER YOU OWN
FEW OR MANY SHARES. DELAY IN RETURNING YOUR PROXY MAY SUBJECT THE COMPANY TO
ADDITIONAL EXPENSE.




                              THE CATO CORPORATION
                                8100 Denmark Road
                         Charlotte, North Carolina 28273

                              --------------------

                                 PROXY STATEMENT

                              --------------------

         This proxy statement is furnished in connection with the solicitation
of proxies by the Board of Directors of The Cato Corporation (the "Company") for
use at the Annual Meeting of Shareholders of the Company to be held on May 23,
2002, and at any adjournment or adjournments thereof. This proxy statement and
the accompanying proxy card are first being mailed to shareholders on or about
April 24, 2002.

         Only shareholders of record at the close of business on March 22, 2002
are entitled to notice of and to vote at the meeting. As of March 22, 2002, the
Company had outstanding and entitled to vote 19,395,237 shares of Class A Common
Stock ("Class A Stock") held by approximately 1,200 holders of record and
5,822,649 shares of Class B Common Stock ("Class B Stock") held by 12 holders of
record. The Company's transfer agent estimates that there are approximately
3,470 beneficial owners in total. Holders of Class A Stock are entitled to one
vote per share and holders of Class B Stock are entitled to ten votes per share.
Holders of Class A Stock vote with holders of Class B Stock as a single class.

         All proxies which are properly executed and received prior to the
meeting will be voted at the meeting. If a shareholder specifies how the proxy
is to be voted on any of the business to come before the meeting, the proxy will
be voted in accordance with such specification. If no specification is made, the
proxy will be voted FOR the election of Directors and FOR the ratification of
the selection of auditors. A proxy may be revoked, to the extent it has not been
exercised, at any time prior to its exercise by written notice to the Secretary
of the Company, by executing and delivering a proxy with a later date, or by
voting in person at the meeting.

         If you plan to attend and vote at the meeting and your shares are held
in the name of a broker or other nominee, please bring with you a proxy or
letter from the broker or nominee to confirm your ownership of shares.

         In accordance with applicable Delaware law and the Company's Bylaws,
the holders of a majority of the combined voting power of Class A Stock and
Class B Stock present in person or represented by proxy at the meeting will
constitute a quorum. Abstentions are counted for purposes of determining the
presence or absence of a quorum. With regard to the election of directors, votes
may either be cast in favor of or withheld, and, assuming the presence of a
quorum, directors will be elected by a plurality of the votes cast. Votes that
are withheld will be excluded entirely from the vote and will have no effect on
the outcome of the election. The ratification of the selection of independent
auditors requires the affirmative vote of a majority of the combined voting
power of the Class A Stock and Class B Stock present in person or represented at
the meeting and entitled to vote. On any proposal other than the election of
directors, an abstention will have the same effect as a negative vote but,
because shares held by brokers will not be considered entitled to vote on
matters which the brokers withhold authority, a broker non-vote will have no
effect on the vote on any such proposal.

         The Company will bear the expense of preparing, printing, and mailing
the proxy statement to shareholders. The Company will reimburse brokers,
dealers, banks, and other custodians, nominees, and fiduciaries for their
reasonable expenses in forwarding proxy solicitation materials to beneficial
owners of the Company's Class A Stock and Class B Stock and securing their
voting instructions. Georgeson Shareholder Communications, Inc. has assisted the
Company in conducting the search for beneficial owners at a cost of
approximately $800.




                    SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
                              OWNERS AND MANAGEMENT

         The following table sets forth, as of March 22, 2002, certain
information regarding the ownership of the outstanding shares of Class A Stock
and Class B Stock by (i) each director and nominee, (ii) each person who is
known by the Company to own more than 5% of such stock, (iii) each executive
officer listed in the Summary Compensation Table, and (iv) all directors and
executive officers as a group. Unless otherwise indicated in the footnotes
below, each shareholder named has sole voting and investment power with respect
to such shareholder's shares.



                                                                 SHARES BENEFICIALLY OWNED (1)(2)
                                                     -----------------------------------------------------     PERCENT
                                                           CLASS A STOCK                CLASS B STOCK          OF TOTAL
                                                     ------------------------      -----------------------     VOTING
                                                      NUMBER          PERCENT       NUMBER         PERCENT      POWER
                                                     ---------        -------      ---------       -------     -------
                                                                                                
Wayland H. Cato, Jr. (3)(4)                          1,984,872         10.1        3,380,109         52.0         42.4
Edgar T. Cato (5)                                      799,064          4.1        1,961,366         30.2         24.2
John P. Derham Cato (6)                                172,915            *          848,950         13.1         10.3
Clarice Cato Goodyear (7)                              108,141            *               --           --            *
Thomas E. Cato (8)                                      36,128            *           77,000          1.2          1.0
Howard A. Severson (9)                                  57,119            *
Michael O. Moore (10)                                   43,025            *               --           --            *
B. Allen Weinstein (11)                                 43,628            *               --           --            *
David Kempert (12)                                      29,191            *               --           --            *
C. David Birdwell (13)                                  34,189            *               --           --            *
Robert W. Bradshaw, Jr                                     500            *               --           --            *
George S. Currin                                        11,287            *               --           --            *
Grant L. Hamrick                                         3,000            *               --           --            *
James H. Shaw                                           10,500            *               --           --            *
A. F. (Pete) Sloan                                       3,200            *               --           --            *
All directors and executive officers                 3,329,406         17.0        6,267,425         96.4         78.2
as a group (16 persons) (14)

Bank of America Corporation (15)                     1,470,255          7.6               --           --          1.7
Royce & Associates, Inc. (16)                        1,419,100          7.3               --           --          1.7
FMR Corporation (17)                                 1,232,400          6.4               --           --          1.5
Dimensional Fund Advisors, Inc. (18)                 1,164,300          6.0               --           --          1.4


-----------------
* Less than 1%

(1)      Includes the vested interest of executive officers in the Company's
         Employee Stock Ownership Plan and Employee Stock Purchase Plan. The
         aggregate vested amount credited to their accounts as of March 22, 2002
         was 82,679 shares of Class A Stock.

(2)      Share amounts shown as subject to stock options in the footnotes below
         cover shares under options that are presently exercisable or will
         become exercisable within 60 days after March 22, 2002.

(3)      The business address of this shareholder is 782 Soldier Creek Road,
         Sheridan, Wyoming 82801.


                                       2


(4)      The amount shown for Class A Stock includes 1,854,366 shares held in a
         limited partnership, 66,666 shares held in a revocable trust, 50,000
         shares held by a limited liability company, and 13,000 shares of Class
         A Stock owned by Mr. Wayland Cato, Jr.'s wife. In the limited
         partnership are various trusts, revocable and irrevocable. The trustee
         of each trust has sole voting and investment responsibility with
         respect to these trusts. Mr. Wayland Cato, Jr. is a member of the
         limited liability company that is the general partner of the limited
         partnership and a member of the limited liability company. The amount
         shown for Class B Stock includes 3,230,109 shares held in the same
         limited partnership of which Mr. Wayland Cato, Jr. is a partner and
         150,000 shares subject to stock options.

(5)      The amount shown for Class A Stock includes 790,000 shares held in a
         limited partnership in which Mr. Edgar Cato has a pecuniary interest
         and 8,665 shares held by a private foundation. The amount shown for
         Class B Stock includes 1,961,366 held in the same limited partnership.
         The address of this shareholder is 3985 Douglas Road, Coconut Grove,
         Florida 33133.

(6)      The amount shown for Class A Stock includes 3,000 shares held by Mr.
         John Cato's wife and 3,600 shares subject to stock options held by Mr.
         John Cato's wife. The amount shown for Class A Stock includes 47,500
         shares subject to stock options held by Mr. John Cato. The amount for
         Class B Stock includes 500,000 shares subject to stock options held by
         Mr. John Cato and 9,100 shares subject to stock options held by Mr.
         John Cato's wife. Mr. John Cato disclaims beneficial ownership of
         shares held directly or indirectly by his wife.

(7)      Class A Stock includes 11,555 shares held by Ms. Goodyear's husband in
         an individual retirement account.

(8)      The amount shown for Class A Stock includes 570 shares of stock held by
         Mr. Thomas Cato's wife. Mr. Thomas Cato disclaims beneficial ownership
         of these shares. The amount shown for Class A Stock includes 19,000
         shares subject to stock options and the amount shown for Class B Stock
         includes 17,000 shares subject to stock options.

(9)      Includes 52,000 shares of Class A Stock subject to stock options.

(10)     Includes 38,000 shares of Class A Stock subject to stock options.

(11)     Includes 33,000 shares of Class A Stock subject to stock options.

(12)     Includes 27,000 shares of Class A Stock subject to stock options.

(13)     Includes 31,000 shares of Class A Stock subject to stock options.

(14)     The amounts shown for Class A Stock include 248,300 shares subject to
         stock options. The amounts for Class B Stock include 656,100 shares
         subject to stock options.

(15)     Based on Schedule 13G received by the Company from this shareholder on
         or about February 14, 2002. The address of this shareholder is 100
         North Tryon Street, Charlotte, North Carolina 28255. This shareholder
         reports shared voting power over 1,464,375 shares and shared
         dispositive power over 1,280,255 shares.


                                       3


(16)     Based on a Schedule 13G received by the Company from this shareholder
         on or about February 8, 2002. The address of this shareholder is 1414
         Avenue of the Americas, New York, New York 10019.

(17)     Based on Schedule 13G filed with the Securities & Exchange Commission
         on or about February 9, 2001. The address of this shareholder is 82
         Devonshire Street, Boston, Massachusetts, 02109.

(18)     Based on Schedule 13G received by the Company from this shareholder on
         or about February 1, 2001. The address of this shareholder is 1299
         Ocean Avenue, 11th Floor, Santa Monica, California 90401.

                              ELECTION OF DIRECTORS

         The Board of Directors, consisting of 11 members, is divided into three
classes with terms expiring alternately over a three year period. As a result of
the expiration of the terms of five incumbent directors, a total of five
nominees are standing for election at the annual meeting. Four of the five
directors whose terms expire at this year's annual meeting, Messrs. Wayland H.
Cato, Jr., Edgar T. Cato, Robert W. Bradshaw, Jr., Grant L. Hamrick, have been
nominated by the Board of Directors to succeed themselves and to serve until the
2005 annual meeting and until their successors are elected and qualified. Mr.
Michael O. Moore has been nominated by the Board of Directors to serve until the
2005 annual meeting and until his successor is elected and qualified. The Board
of Directors nominates director candidates in accordance with the Company's
Bylaws.

         It is the intention of the persons named in the proxy to vote for such
persons for election to the Board of Directors for the ensuing periods as
described except to the extent authority to so vote is withheld with respect to
one or more nominees. Should any nominee be unable to serve, which is not
anticipated, the proxy will be voted for the election of a substitute nominee
selected by the Board of Directors. The five nominees shall be elected by a
plurality of the votes of Class A Stock and Class B Stock voting as a single
class.

         Mr. Paul Fulton resigned his position as Director effective February
28, 2002 due to personal scheduling conflicts. The Board of Directors intends to
fill the vacancy with an independent director. The other six members of the
Board of Directors will continue to serve in such capacity until their terms
expire and their successors are elected and qualified.

NOMINEES

         Information with respect to each nominee, including biographical data
for at least the last five years, is set forth below.

         Wayland H. Cato, Jr., 79, is Chairman of the Board and has been a
director of the Company since 1946. From 1991 to May 1999, he served as Chairman
of the Board and Chief Executive Officer. From 1970 until 1991, he served as the
Chairman of the Board, President and Chief Executive Officer. From 1960 until
1970, he served as President and Chief Executive Officer of the Company.

         Edgar T. Cato, 77, is the Former Vice Chairman of the Board and
Co-Founder of the Company and has been a director of the Company since 1946. Mr.
Edgar T. Cato is the brother of Mr. Wayland H. Cato, Jr.


                                       4


         Robert W. Bradshaw, Jr., 68, has been a director of the Company since
1994. Since 1961, he has been engaged in the private practice of law with
Robinson, Bradshaw & Hinson, P.A. and currently serves of counsel to the firm.

         Grant L. Hamrick, 63, has been a director of the Company since 1994.
Mr. Hamrick was Senior Vice President and Chief Financial Officer for American
City Business Journals, Inc. from 1989 until his retirement in 1996. From 1961
to 1985, Mr. Hamrick was employed by the public accounting firm Price Waterhouse
and served as Managing Partner of the Charlotte, North Carolina Office.

         Michael O. Moore, 51, has been employed by the Company as Executive
Vice President, Chief Financial Officer and Secretary since July 1998. Mr. Moore
served as Vice President, Chief Financial Officer for Party Experience from 1997
to 1998, Executive Vice President, Chief Financial Officer of David's Bridal
from 1994 to 1997, and was employed by Bloomingdales from 1984 to 1994, serving
as Senior Vice President, Chief Financial Officer from 1990 to 1994.

CONTINUING DIRECTORS

         Information with respect to the six continuing members of the Board of
Directors, including biographical data for the last five years, is set forth
below.

         John P. Derham Cato, 51, has been employed as an officer of the Company
since 1981 and has been a director of the Company since 1986. Since May 1999, he
has served as President, Vice Chairman of the Board and Chief Executive Officer.
From June 1997 to May 1999, he served as President, Vice Chairman of the Board
and Chief Operating Officer. From August 1996 to June 1997, he served as Vice
Chairman of the Board and Chief Operating Officer. From 1992 to August 1996, he
served as Executive Vice President and as President and General Manager of the
It's Fashion! Division. Mr. John Cato is a son of Mr. Wayland H. Cato, Jr.

         Thomas E. Cato, 47, has been employed by the Company since 1977, has
served as an officer since 1986 and has been a director of the Company since
1993. Since February 1987, he has served as Vice President, Divisional
Merchandise Manager. Mr. Thomas Cato is a son of Mr. Wayland H. Cato, Jr.

         Clarice Cato Goodyear, 55, has been employed by the Company since 1975
and has served as a director and officer of the Company since 1979. Since July
1993, she has served as Special Assistant to the Chairman and the President and
as Assistant Secretary. From March 1987 to July 1993, Ms. Goodyear held senior
administrative, operational services and human resources positions in the
Company; she served as Executive Vice President, Chief Administrative Officer
and Assistant Secretary from May 1992 to July 1993. Ms. Goodyear is a daughter
of Mr. Wayland H. Cato, Jr.

         George S. Currin, 65, has been a director of the Company since 1973.
Since 1989, he has served as Chairman and Managing Director of Fourth Stockton
Company LLC and Chairman of Currin-Patterson Properties LLC, both privately held
real estate investment companies.

         James H. Shaw, 73, has been a director of the Company since 1989. Mr.
Shaw was Chairman of Consolidated Ivey's, a regional department store chain,
from 1988 until his retirement in 1989, Chairman and Chief Executive Officer of
J. B. Ivey & Company from 1986 to 1988 and Chairman and Chief Executive Officer
of Ivey's Carolinas from 1983 to 1986.


                                       5


         A. F. (Pete) Sloan, 72, has been a director of the Company since 1994.
Mr. Sloan is retired Chairman and Chief Executive Officer of Lance, Inc. where
he was employed from 1955 until his retirement in 1990.

         The six continuing members of the Board of Directors are divided into
two classes with current terms expiring in 2003 and 2004. On the expiration of
each director's term, his successor in office will be elected for a three-year
term. The terms of Ms. Clarice Cato Goodyear and Messrs. John P. Derham Cato,
and James H. Shaw expire in 2003. The terms of Messrs. Thomas E. Cato, George S.
Currin, and A. F. (Pete) Sloan expire in 2004.

DIRECTORS' COMPENSATION

         Directors, who are not employees of the Company, receive a fee for
their services of $24,000 per year payable at the rate of $2,000 per month. Each
committee member is paid $1,000 for attending each committee meeting scheduled
other than in conjunction with a regularly scheduled board meeting. Each
committee chairman receives an additional $3,000 per year payable at the rate of
$250 per month. Directors are reimbursed for reasonable expenses incurred in
attending director meetings and committee meetings.

                             MEETINGS AND COMMITTEES

         During the fiscal year ended February 2, 2002, the Company's Board of
Directors held four meetings. All directors attended at least 75% of the
meetings of the Board and relevant committees except Mr. Paul Fulton.

         The Company's Audit Committee discusses with management and the
independent auditors the quality and adequacy of the Company's system of
internal controls and confers with the Company's independent auditors concerning
the scope and results of their audits and any recommendations they may have and
considers such other matters relating to auditing and accounting as the
Committee may deem appropriate. During the fiscal year ended February 2, 2002,
the Audit Committee held two meetings. Messrs. Grant L. Hamrick, Chairman,
George S. Currin and A. F. (Pete) Sloan are members of the Audit Committee.
Additional information concerning the Audit Committee is set forth below under
"Independent Public Accountants."

         The Audit Committee operates pursuant to a written charter adopted by
the Board of Directors. The Board of Directors has, in its business judgment,
determined that all members of the Audit Committee are "independent" in
accordance with Nasdaq rules, except Mr. Currin, who has a relationship with the
Company as described hereafter in the section titled "Certain Transactions." The
Board of Directors has determined that Mr. Currin qualifies under the exception
to the rule because the Board of Directors believes that it is in the best
interest of the Company and its shareholders for Mr. Currin to continue to serve
on the Audit Committee. The Board of Directors believes that Mr. Currin's
expertise and experience is valuable to the Audit Committee and that his
relationship with the Company does not affect his ability to perform his duties
as described in the Audit Committee Charter.

         The Company's Compensation Committee reviews and approves the
compensation of the executive officers of the Company. The Compensation
Committee held four meetings during the fiscal year ended February 2, 2002.
Messrs. A. F. (Pete) Sloan, Chairman, Grant L. Hamrick and James H. Shaw are
members of the Compensation Committee. Mr. Paul Fulton, who resigned as a member
of the Board effective February 28, 2002, was a member of the Compensation
Committee during fiscal year ended February 2, 2002.


                                       6


                           SUMMARY COMPENSATION TABLE

         The table below sets forth the compensation for the persons who were at
February 2, 2002 the Company's Chairman of the Board of Directors, the Chief
Executive Officer, and the four other most highly compensated executive
officers.



                                                                                         LONG TERM
                                                                                        COMPENSATION
                                                ANNUAL COMPENSATION (1)                    AWARDS
                                             ----------------------------         --------------------------
                                             FISCAL                               RESTRICTED      SECURITIES      ALL OTHER
                                              YEAR      SALARY       BONUS          STOCK         UNDERLYING    COMPENSATION
                                                                                    AWARDS         OPTIONS
NAME AND PRINCIPAL POSITION                             ($)(2)         ($)           ($)             (#)              ($)
---------------------------                  ------     -------      -------      ----------      ----------    ------------
                                                                                              
Wayland H. Cato, Jr                           2001      494,099           --             --              --         180,549(3)
Chairman of the Board                         2000      494,698           --             --              --         164,468(3)
                                              1999      499,531           --             --              --         149,848(3)

John P. Derham Cato                           2001      686,590      693,000             --(4)           --              --
President, Vice Chairman of the Board         2000      637,232      867,750             --              --              --
and Chief Executive Officer                   1999      579,535      900,000      1,181,000(5)      200,000(6)           --

B. Allen Weinstein                            2001      389,364      198,000             --              --              --
Executive Vice President                      2000      367,091      281,250             --              --              --
Chief Merchandising Officer                   1999      341,160      300,000             --          20,000(7)           --
of the Cato Division

Michael O. Moore                              2001      291,228      148,500             --              --              --
Executive Vice President                      2000      266,651      183,563             --              --              --
Chief Financial Officer                       1999      235,183      150,000             --          35,000(8)           --
and Secretary

David Kempert                                 2001      269,954      137,600             --              --              --
Executive Vice President                      2000      257,062      176,888             --              --              --
Chief Store Operations Officer                1999      248,108      187,500             --          20,000(7)           --
of the Cato Division

C. David Birdwell                             2001      247,675      153,000             --              --              --
Executive Vice President                      2000      235,388      180,000             --              --              --
President and General Manager                 1999      227,475       25,000             --          20,000(7)           --
of the It's Fashion! Division

--------------
(1)      No named executive officer received perquisites or other personal
         benefits, securities or property which, in the aggregate, exceeded the
         lesser of $50,000 or 10% of the total annual salary and bonus reported
         for the named executive officer.

(2)      Does not include amounts deducted pursuant to Internal Revenue Code
         Section 125.


                                       7


(3)      Represents amounts reimbursed under a Supplemental Compensation
         Agreement between the Company and Mr. Wayland Cato, Jr. to maintain a
         split-dollar life insurance policy. The amount reimbursed is based on
         the lesser of (i) the P.S. 58 term insurance rates, or (ii) the
         insurer's one-year term insurance rates for insurance available to all
         standard risks. Under an agreement with Mr. Wayland Cato, Jr., the
         Company is sole owner of a life insurance policy in the face amount of
         $20,000,000. Upon the death of Mr. Wayland Cato, Jr., the Company and
         an irrevocable trust established by Mr. Wayland Cato, Jr. will share
         equally in the insurance death benefit. This policy was purchased as a
         result of a tax-free exchange of existing life insurance policies with
         a death benefit at the time of exchange of approximately $11,300,000.
         The current cash surrender value is approximately $5,699,000. The total
         policy premium for fiscal 2001 was $427,801. Mr. Wayland Cato, Jr. has
         no interest in the cash surrender value of the current insurance
         policy.

(4)      As of February 2, 2002, Mr. John Cato held a total of 100,000
         restricted shares of Class B Stock at a value of $2,026,000 based on
         the closing of trading price of the Class B Stock of $20.26 on February
         1, 2002, the last trading day before fiscal year end.

(5)      Amount represents grant of 100,000 restricted shares of Class B Stock
         valued at $11.81 based on the closing trading price of the Class B
         Stock on January 28, 2000, the effective date of grant.

(6)      Options to purchase 100,000 shares of Class B Stock pursuant the 1987
         Non-Qualified Stock Option Plan and 100,000 shares of Class B Stock
         pursuant to the 1999 Incentive Compensation Plan were granted to the
         named executive officer at the fair market value of the Class B Stock
         on the date of grant. The options vest in equal amounts over five years
         from the date of grant and expire ten years from the date of grant.

(7)      Options to purchase Class A Stock pursuant to the 1999 Incentive
         Compensation Plan were granted to the named executive officers at the
         fair market value of the Class A Stock on the date of grant. The
         options vest in equal amounts over five years from the date of grant
         and expire ten years from the date of grant.

(8)      Options to purchase 20,000 shares of Class A Stock pursuant to the 1999
         Incentive Compensation Plan and option to purchase 15,000 shares of
         Class A Stock pursuant to the 1987 Non-Qualified Stock Option Plan were
         granted to the named executive officer at the fair market value of the
         Class A Stock on the date of grant. The options vest in equal amounts
         over five years from the date of grant and expire ten years from the
         date of grant.

EMPLOYMENT AND SEVERANCE AGREEMENTS

         The Company has severance agreements with Mr. John Cato, Mr. Allen
Weinstein and Mr. Michael Moore currently providing for the continuation of each
of their base salaries for 12 months upon the termination of their employment
without cause. The Company has a severance agreement with Mr. David Kempert and
Mr. C. David Birdwell currently providing for the continuation of his base
salary for six months upon termination of his employment without cause. (See
"Compensation Committee Report on Executive Compensation" for a discussion of
Mr. John Cato's Employment Agreement.)


                                       8


      AGGREGATED OPTION EXERCISES IN LAST FISCAL AND YEAR-END OPTION VALUES

         The following table presents certain information concerning the
exercise of stock options and the value of unexercised options held by the named
executives at the end of the fiscal year ended February 2, 2002.



                                                                          NUMBER OF               VALUE OF
                                                                     SECURITIES UNDERLYING      UNEXERCISED
                                                                      UNEXERCISED OPTIONS     IN-THE-MONEY
                                        SHARES                             AT FISCAL            OPTIONS AT
                                       ACQUIRED                          YEAR-END (#)       FISCAL YEAR-END ($)(1)
                                          ON              VALUE      ---------------------  ----------------------
                                       EXERCISE          REALIZED       EXERCISABLE (E)/      EXERCISABLE (E)/
NAME                                     (#)               ($)         UNEXERCISABLE (U)     UNEXERCISABLE (U)
----                                   --------         ---------    ---------------------  ---------------------
                                                                                
Wayland H. Cato, Jr                     66,666            751,325          150,000(E)          1,894,500(E)
                                                                                --(U)                 --(U)

John P. Derham Cato                     97,500          1,198,013          487,500(E)          4,925,475(E)
                                                                           260,000(U)          2,169,600(U)

B. Allen Weinstein                      20,000            223,631           33,000(E)            364,090(E)
                                                                            27,000(U)            275,910(U)

Michael O. Moore                            --                 --           35,000(E)            252,300(E)
                                                                            35,000(U)            259,100(U)

David Kempert                           17,500            209,573           27,000(E)            292,030(E)
                                                                            18,000(U)            167,820(U)

C. David Birdwell                       13,000            187,480           31,000(E)            352,310(E)
                                                                            18,000(U)            167,820(U)

--------------

(1)      Value is based on difference between exercise price and market price of
         the underlying securities as of February 1, 2002, the last trading day
         before the fiscal year-end.


                                       9


                             COMPENSATION COMMITTEE
                        REPORT ON EXECUTIVE COMPENSATION

         The following report submitted by the Compensation Committee of the
Board of Directors addresses the Company's executive compensation policies for
fiscal 2001.

         The Compensation Committee is composed of three members. The members
are Messrs. A. F. (Pete) Sloan, Chairman, Grant L. Hamrick, and James H. Shaw.
The Compensation Committee provides guidance for the Company's executive
compensation programs to insure a direct relationship between executive
compensation and corporate performance.

         The Company's executive compensation program has been designed (i) to
provide compensation equivalent to compensation offered by peer group companies
in order to attract and retain the most qualified executives, (ii) to motivate
executive officers by rewarding them for attaining pre-established Company
financial goals and (iii) to align the interest of executive officers with the
long-term interest of shareholders.

         In designing the compensation packages for executive officers, the
Compensation Committee compares the Company's executive officer compensation
packages with peer group executive officer compensation packages, some of which
are included in the Dow Jones Specialty Apparel Market Index used in the
performance graph. Peer group companies, which are similar in size and operate
in the specialty apparel retail market, are given particular consideration. The
Compensation Committee also considers the views of the Company's outside retail
consultants, as well as industry benchmark compensation surveys by William M.
Mercer, Inc. and the National Retail Federation concerning appropriate
compensation levels for executive officers.

         The executive compensation program is focused on attainment of
profitability and enhancement of shareholder equity. Currently, the Company's
executive compensation program consists of three principal types of
compensation: annual base salary, incentive bonuses and long-term stock option
awards. Executive officers are rewarded when the Company achieves financial
goals, particularly related to net income and earnings per share, and when the
executive officer achieves individual performance levels related to the
executive officer's specific area of responsibility.

         Annual Base Salary - The annual base salary of each executive officer
is based on the scope of his or her responsibility and accountability. Each year
the Compensation Committee determines the base salary for each executive officer
taking into consideration whether the Company achieved net income results and
whether the executive officer achieved individual performance levels established
for the prior fiscal year.

         Incentive Bonus - A significant component of an executive officer's
total cash compensation consists of an incentive bonus. Each executive officer
is eligible to earn a bonus based on achievement of the targeted net income
performance criteria. A bonus accrual is made based on the achievement of the
net income performance criteria. If net income performance criteria is not
achieved, the accrual may be reduced or eliminated.


                                       10


         No weighting is applied to the criteria established for each executive
officer. If an executive officer achieves all of his or her performance goals
and if the Company's profit plan is achieved, the executive officer is eligible
to receive an incentive bonus. In the event an executive officer achieves some,
but not all, of the performance goals, he or she is eligible to receive a
portion of the executive officer's potential maximum bonus.

         Long-Term Stock Option Awards - Stock options are awarded by the
Compensation Committee under the Company's 1987 Non-Qualified Stock Option Plan
and the 1999 Incentive Compensation Plan to executive officers to provide
incentive for the executive officer to focus on the Company's future financial
performance and as a means to encourage an executive officer to remain with the
Company. The stock option exercise price is 100% of the fair market value of the
shares on the date of grant and the stock options vest in 20% increments over
five years. Stock option grants are made when executive officers join the
Company and thereafter at the discretion of the Compensation Committee.

         The Compensation Committee recognizes that, to varying degrees, the
determination of an executive officer's compensation package involves subjective
considerations.

CHIEF EXECUTIVE OFFICER

         The Compensation Committee discusses and determines the compensation
package for the Chief Executive Officer. Mr. John P. Derham Cato was appointed
Chief Executive Office on May 20, 1999. The Compensation Committee recommended
having an employment agreement with Mr. John Cato to provide for continuity of
management. The employment agreement addresses termination and the consequences
for the Company and for Mr. John Cato upon death, disability, for cause, without
cause, and pursuant to change of control. The employment agreement allows for
accelerated vesting and pro rata accelerated vesting of restricted stock and
stock option grants for termination under certain circumstances. The term of Mr.
John Cato's employment agreement expires on May 31, 2002. The employment
agreement provides for a non-competition period of two years after the date of
termination of employment. The employment agreement provides for the
compensation discussed herein. Mr. John Cato's compensation package consists of
base salary, incentive bonus, long-term stock option awards and restricted stock
grants. Mr. John Cato received no long-term stock option awards and no
restricted stock grants during fiscal 2001.

         In determining Mr. John Cato's compensation package, the Compensation
Committee compared Mr. John Cato's package with the compensation packages of
other retailers, including the Chief Executive Officer compensation package of
the companies listed in the Dow Jones Specialty Apparel Market Index and the
Peer Group used in the Stock Performance Graph. The Compensation Committee took
into consideration Mr. John Cato's years of service and experience with the
Company and in the specialty retail apparel industry. The Compensation Committee
believes that the compensation package offered Mr. John Cato is consistent with
Chief Executive Officer packages of peer companies, considering Mr. John Cato's
experience and longevity with the Company.


                                       11


CHIEF EXECUTIVE OFFICER COMPENSATION PACKAGE

         Base Salary - Mr. John Cato's Employment Agreement provides for a base
salary. The salary may be increased, but not decreased, from time to time based
on the Compensation Committee's review of Mr. John Cato's performance in
accordance with the Company's appraisal practices and guidelines. Mr. John
Cato's salary was increased to $700,000 from $650,000 for fiscal 2001 in
response to the Company's excellent performance in fiscal 2000.

         Incentive Bonus - Mr. John Cato is eligible to receive an annual bonus
of up to 150% of his base salary depending on the achievement of performance
goals established by the Compensation Committee. The main performance goal is
based on achievement of targeted net income. Based on the Company's performance
for fiscal 2001 as measured by the performance criteria established by the
Compensation Committee, Mr. John Cato received a bonus payment of 66% of his
maximum potential payment.

         This report has been provided by the Compensation Committee:

         A. F. (Pete) Sloan
         Grant L. Hamrick
         James H. Shaw

                              CERTAIN TRANSACTIONS

         During 2001, the Company had fourteen lease agreements with entities in
which Mr. Currin, a director of the Company, had an interest. One lease
agreement was signed in 1993, three were signed in 1994, one was signed in 1995,
one was signed in 1997, three were signed in 1999, four were signed in 2000, and
one was signed in 2001. The lease term of each agreement is for a period ranging
from five years to ten years with renewal terms at the option of the Company.
The Company believes that the terms and conditions of the lease agreements are
comparable to those which could have been obtained from unaffiliated leasing
companies. The Company paid to the entities in which Mr. Currin has an interest
the amount of $785,936 for rent and related charges during fiscal 2001.

         The firm of Robinson, Bradshaw & Hinson, P.A. was retained to perform
legal services for the Company during the last fiscal year. Mr. Robert W.
Bradshaw, Jr., a director of the Company, was a shareholder of Robinson,
Bradshaw & Hinson, P.A. during 2001 and currently serves of counsel to the firm.
It is anticipated that the firm will continue to provide legal services to the
Company during the current fiscal year.


                                       12


                             STOCK PERFORMANCE GRAPH

         The following graph compares the yearly change in the Company's
cumulative total shareholder return on the Company's Common Stock (which
includes Class A Stock and Class B Stock) for each of the Company's last five
fiscal years with (i) the Dow Jones Total Market Index, (ii) the Dow Jones
Retailers, Apparel Index and (iii) an index of five (5) peer companies. The peer
group includes One Price Clothing Stores, Inc., Charming Shoppes, Inc., Deb
Shops, Inc., The Dress Barn, Inc., and United Retail Group, Inc. The Company has
chosen to use this peer group index in its performance graph because management
believes the peer group index is a better reflection of the Company's
competitors in the market place.

(STOCK PERFORMANCE GRAPH)

THE CATO CORPORATION
STOCK PERFORMANCE TABLE
(BASE 100- IN DOLLARS)



       LAST TRADING DAY               THE CATO            D. J. TOTAL         D. J. RETAILERS             PEER
      OF THE FISCAL YEAR            CORPORATION            MKT INDEX            APPL INDEX               GROUP
      ------------------            -----------           -----------         ---------------            -----
                                                                                             
           1/31/97                      100                   100                   100                   100
           1/30/98                      285                   125                   159                   124
           1/29/99                      215                   162                   267                   153
           1/28/00                      286                   179                   238                   147
           2/02/01                      439                   177                   276                   161
           2/01/02                      507                   149                   239                   172


         The graph assumes an initial investment of $100 on January 31, 1997,
the last trading day prior to the commencement of the Company's 1997 fiscal
year.


                                       13


                         INDEPENDENT PUBLIC ACCOUNTANTS

         The Board of Directors has selected Deloitte & Touche LLP as
independent auditors to examine the Company's financial statements for the
fiscal year ending February 1, 2003. This selection is being presented to the
shareholders for their ratification at the annual meeting. Deloitte & Touche LLP
has served as independent auditors for the Company since 1995. A representative
of Deloitte & Touche LLP is expected to attend the meeting, respond to
appropriate questions from shareholders present and, if such representative
desires, to make a statement. The affirmative vote of a majority of the votes
present or represented at the annual meeting and entitled to vote by the holders
of Class A Stock and Class B Stock, voting as a single class, is required to
approve the proposal. The directors recommend that shareholders vote FOR the
proposal to ratify the selection of Deloitte & Touche LLP as the Company's
independent auditors.

AUDIT COMMITTEE REPORT

         The primary purpose of the Audit Committee is to assist the Board of
Directors in fulfilling its oversight responsibility for safeguarding the
Corporation's assets and for the integrity of the accounting and reporting
practices of the Corporation and such other duties as directed by the Board. As
set forth in the Audit Committee Charter, the Audit Committee is not responsible
for conducting audits or preparing or determining whether the Company's
financial statements are accurate or complete or conform with accounting
principles generally accepted in the United States of America. The Company's
independent auditors are responsible for expressing an opinion on the conformity
of audited financial statements to accounting principles generally accepted in
the United States of America.

         In the performance of its oversight function and in accordance with its
responsibilities under its charter, the Audit Committee has reviewed and
discussed the audited financial statements for the year ended February 2, 2002
with management and the independent auditors. The Audit Committee has discussed
with the independent auditors the matters required to be discussed by Statement
on Auditing Standards No. 61 titled "Communication with Audit Committees." In
addition, the Audit Committee has received from the independent auditors the
written disclosures and letter required by the Independent Standards Board No. 1
titled "Independence Discussions with Audit Committees" and discussed with the
independent auditors their independence from the Company and its management. The
Audit Committee also has considered whether the independent auditor's provision
of non-audit services to the Company is compatible with the auditor's
independence.

         Based on the reviews and discussions mentioned above, the Audit
Committee recommended to the Board of Directors that the audited financial
statements for the year ended February 2, 2002 be included in the Company's
Annual Report to shareholders and to the Securities and Exchange Commission on
Form 10-K.

         The Audit Committee also recommended the reappointment of Deloitte &
Touche LLP as the Company's auditors for fiscal year ending February 1, 2003.

AUDIT COMMITTEE MEMBERS

Grant L. Hamrick, Chairman
George S. Currin
A. F. (Pete) Sloan


                                       14


AUDIT FEES

         The aggregate Deloitte & Touche LLP fees for all professional services
rendered in connection with the audit of the Company's consolidated financial
statements for the fiscal year ended February 2, 2002, and for the reviews of
the consolidated financial statements included in the Company's Quarterly
Reports on Form 10-Q for the fiscal year ended February 2, 2002 were $208,800.

FINANCIAL INFORMATION SYSTEMS DESIGN AND IMPLEMENTATION FEES

         Deloitte & Touche LLP did not perform any professional services for
information technology services relating to financial information systems design
and implementation for the fiscal year ended February 2, 2002.

ALL OTHER FEES

         The aggregate Deloitte & Touche LLP fees for professional services to
the Company, other than the services described above under "Audit Fees" for the
fiscal year ended February 2, 2002, were $191,130, including audit related
services of $76,300 and non-audit services of $114,830. Audit related services
generally include fees for statutory and employee benefit audits and other
attest services. Non-audit services include fees for tax consultations.

                              SHAREHOLDER PROPOSALS

         Shareholders who intend to present proposals for consideration at next
year's annual meeting are advised that, pursuant to rules of the Securities and
Exchange Commission, any such proposal must be received by the Secretary of the
Company at the Company's principal executive offices, 8100 Denmark Road,
Charlotte, North Carolina 28273-5975 no later than the close of business on
December 25, 2002 if such proposal is to be considered for inclusion in the
proxy statement and proxy appointment form relating to that meeting. Only
persons who have held beneficially or of record at least $2,000 in market value,
or 1% of the combined class of Class A and Class B Common Stock, for at least
one year on the date the proposal is submitted and who continue in such capacity
through the meeting date are eligible to submit proposals to be considered for
inclusion in the Company's proxy statement. In addition, pursuant to rules of
the Securities and Exchange Commission, the Company may direct the persons named
in the Company's proxy with respect to next year's annual meeting to exercise
discretionary voting authority to vote against any matter, without any
disclosure of such matter in the Company's proxy statement, if notice of such
matter is received by the Secretary of the Company later than the close of
business on March 17, 2003.


                                       15


                                  OTHER MATTERS

         The Board of Directors of the Company knows of no matters which will be
presented for consideration at the meeting other than those set forth in this
proxy statement. However, if any other matters are properly presented for
action, it is the intention of the persons named in the proxy to vote on them in
accordance with their best judgment.

                                                    For the Board of Directors

                                                    THE CATO CORPORATION



                                                    /s/ Michael O. Moore
                                                    --------------------------
                                                    MICHAEL O. MOORE
April 24, 2002                                      Secretary


                                       16


                            - FOLD AND DETACH HERE -

CLASS A COMMON STOCK

          THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

PROXY                         THE CATO CORPORATION

THE UNDERSIGNED HEREBY APPOINTS JOHN P. DERHAM CATO, MICHAEL O. MOORE, AND J.
GREGORY FAGAN, AND EACH OF THEM, WITH FULL POWER OF SUBSTITUTION, ATTORNEYS AND
PROXIES TO APPEAR AND VOTE, AS INDICATED BELOW, ALL OF THE SHARES OF CLASS A
COMMON STOCK OF THE CATO CORPORATION THAT THE UNDERSIGNED WOULD BE ENTITLED TO
VOTE AT THE ANNUAL MEETING OF SHAREHOLDERS OF THE CATO CORPORATION TO BE HELD ON
MAY 23 2002, AND AT ANY AND ALL ADJOURNMENTS THEREOF. THE BOARD OF DIRECTORS
RECOMMENDS A VOTE FOR THE FOLLOWING ITEMS:


                                                               
1.     ELECTION OF DIRECTORS
       [ ] FOR all nominees                                          [ ] WITHHOLD AUTHORITY
        except as indicated to the contrary                           to vote for all nominees


Nominees: Wayland H. Cato, Jr., Edgar T. Cato, Robert W. Bradshaw, Jr., Grant L.
Hamrick, Michael O. Moore

(INSTRUCTION: To withhold authority to vote for any individual nominee strike a
line through that nominee's name in the list provided above.)

2.  RATIFICATION OF THE ACTION OF THE BOARD OF DIRECTORS IN SELECTING DELOITTE &
    TOUCHE LLP AS THE COMPANY'S INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING
    FEBRUARY 1, 2003; AND

   [ ] FOR                        [ ] AGAINST                     [ ] ABSTAIN

3.  In their discretion, the Proxies are authorized to vote upon such other
    business as may properly come before the meeting or any adjournments
    thereof.


                            - FOLD AND DETACH HERE -

THIS PROXY WHEN PROPERLY EXECUTED WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY
THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED
"FOR" ALL PROPOSALS AND "FOR" ELECTION OF ALL NOMINEES FOR DIRECTOR.

                                              DATED:
                                              ----------------------------------

                                              ----------------------------------

                                              ----------------------------------
                                                          Signature

                                              Please sign exactly as your name
                                              appears hereon. If the holder
                                              named hereon is a corporation,
                                              partnership or other association,
                                              please sign its name and add your
                                              name and title. When signing as
                                              attorney, executor, administrator,
                                              trustee or guardian, please also
                                              give your full title. If shares
                                              are held jointly, EACH holder
                                              should sign.

PLEASE MARK, DATE AND SIGN THIS PROXY AND RETURN IT PROMPTLY SO AS TO INSURE A
QUORUM AT THE MEETING. THIS IS IMPORTANT WHETHER YOU OWN FEW OR MANY SHARES.
DELAY IN RETURNING YOUR PROXY MAY SUBJECT THE COMPANY TO ADDITIONAL EXPENSE.


                            - FOLD AND DETACH HERE -

CLASS B COMMON STOCK

          THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

PROXY                         THE CATO CORPORATION

THE UNDERSIGNED HEREBY APPOINTS JOHN P. DERHAM CATO, MICHAEL O. MOORE, AND J.
GREGORY FAGAN, AND EACH OF THEM, WITH FULL POWER OF SUBSTITUTION, ATTORNEYS AND
PROXIES TO APPEAR AND VOTE, AS INDICATED BELOW, ALL OF THE SHARES OF CLASS B
COMMON STOCK OF THE CATO CORPORATION THAT THE UNDERSIGNED WOULD BE ENTITLED TO
VOTE AT THE ANNUAL MEETING OF SHAREHOLDERS OF THE CATO CORPORATION TO BE HELD ON
MAY 23 2002, AND AT ANY AND ALL ADJOURNMENTS THEREOF. THE BOARD OF DIRECTORS
RECOMMENDS A VOTE FOR THE FOLLOWING ITEMS:


                                                               
1.     ELECTION OF DIRECTORS
       [ ] FOR all nominees                                          [ ] WITHHOLD AUTHORITY
        except as indicated to the contrary                           to vote for all nominees


Nominees: Wayland H. Cato, Jr., Edgar T. Cato, Robert W. Bradshaw, Jr., Grant L.
Hamrick, Michael O. Moore

(INSTRUCTION: To withhold authority to vote for any individual nominee strike a
line through that nominee's name in the list provided above.)

2.  RATIFICATION OF THE ACTION OF THE BOARD OF DIRECTORS IN SELECTING DELOITTE &
    TOUCHE LLP AS THE COMPANY'S INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING
    FEBRUARY 1, 2003; AND

   [ ] FOR                        [ ] AGAINST                        [ ] ABSTAIN

3.  In their discretion, the Proxies are authorized to vote upon such other
    business as may properly come before the meeting or any adjournments
    thereof.


                            - FOLD AND DETACH HERE -

THIS PROXY WHEN PROPERLY EXECUTED WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY
THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED
"FOR" ALL PROPOSALS AND "FOR" ELECTION OF ALL NOMINEES FOR DIRECTOR.

                                              DATED:
                                              ----------------------------------

                                              ----------------------------------

                                              ----------------------------------
                                                          Signature

                                              Please sign exactly as your name
                                              appears hereon. If the holder
                                              named hereon is a corporation,
                                              partnership or other association,
                                              please sign its name and add your
                                              name and title. When signing as
                                              attorney, executor, administrator,
                                              trustee or guardian, please also
                                              give your full title. If shares
                                              are held jointly, EACH holder
                                              should sign.

PLEASE MARK, DATE AND SIGN THIS PROXY AND RETURN IT PROMPTLY SO AS TO INSURE A
QUORUM AT THE MEETING. THIS IS IMPORTANT WHETHER YOU OWN FEW OR MANY SHARES.
DELAY IN RETURNING YOUR PROXY MAY SUBJECT THE COMPANY TO ADDITIONAL EXPENSE.