S11 and S22 are usually along the local axes of the element, which most of the times are coincident with global axes. They are not necessarily the principal stresses. S12 is the shear stress, but again not necessarily the maximum shear stress. I am not sure, but you might want to look at "Tresca" stress output and compare it to half of the yield strength (shear stress corresponding to yield in uniaxial tension).