Stein Mart receives NASDAQ notice related to late filings Stein Mart received the anticipated letter from NASDAQ Stock Market on March 6 notifying the company that it has not regained compliance with NASDAQ's continued listing requirement to timely file all required periodic reports with the SEC, and therefore, that its common stock would be subject to delisting unless the company timely requests a hearing before a NASDAQ Listing Qualifications Panel. The company plans to timely request a hearing before the Panel to present its plan for regaining compliance with the Rule, and request continued listing pending its return to compliance. The hearing request will result in an automatic stay of delisting until at least March 28. The Panel has the discretion to grant the company an extension of time for a period not to exceed 360 days from the original due date, or September 1. There can be no assurance that the Panel will grant the company's request for continued listing.
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