Stein Mart granted OK for continued Nasdaq listing

Jacksonville, Fla. -- Stein Mart said Wednesday that it has been granted approval to continue its listing on the Nasdaq stock market while it works to secure full compliance with listing requirements.

According to Stein Mart, a panel gave the retailer a thumbs-up to continue the listing, and Nasdaq has given Stein Mart until August to comply with all applicable requirements for continued listing on the exchange.

Stein Mart previously disclosed that it did not file its 2012 second quarter and third quarter financial results on time because it's still in the process of restating some prior financial statements.

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