Directors at Martha Stewart Living Omnimedia said today that they have elected Martha Stewart to the board. She’s able to join now due to the expiration of a deal that she struck with the SEC in 2006 to settle a case involving securities fraud and obstruction of justice charges. Stewart had agreed not to manage or sit on the board of a publicly traded company for five years.  The move had been expected since May, when the company hired Oxygen Media co-founder Lisa Gersh as president and chief operating officer and retained Blackstone Advisory Partners to explore opportunities for the company that some have speculated could include a sale. MSLO has struggled in its TV business and is looking to boost its digital and publishing initiatives.