diff --git a/Changes b/Changes
index a0e1f3752..0a057baec 100644
--- a/Changes
+++ b/Changes
@@ -17,6 +17,7 @@ Verilator 4.219 devel
 * Removed the deprecated "fl" attribute in XML output; use "loc" attribute instead.
 * Suppress WIDTH warning on negate using carry bit (#3295). [Peter Monsson]
 * Fix skipping public enum values with four-state values (#3303).
+* Fix $readmem file not found to be warning not error (#3310). [Alexander Grobman]
 
 
 Verilator 4.218 2022-01-17
diff --git a/include/verilated.cpp b/include/verilated.cpp
index 44e131e11..e90644bfa 100644
--- a/include/verilated.cpp
+++ b/include/verilated.cpp
@@ -1844,7 +1844,7 @@ VlReadMem::VlReadMem(bool hex, int bits, const std::string& filename, QData star
     m_fp = std::fopen(filename.c_str(), "r");
     if (VL_UNLIKELY(!m_fp)) {
         // We don't report the Verilog source filename as it slow to have to pass it down
-        VL_FATAL_MT(filename.c_str(), 0, "", "$readmem file not found");
+        VL_WARN_MT(filename.c_str(), 0, "", "$readmem file not found");
         // cppcheck-suppress resourceLeak  // m_fp is nullptr - bug in cppcheck
         return;
     }
diff --git a/test_regress/t/t_sys_readmem_bad_notfound.out b/test_regress/t/t_sys_readmem_bad_notfound.out
index 317be5d9a..bb1d719c9 100644
--- a/test_regress/t/t_sys_readmem_bad_notfound.out
+++ b/test_regress/t/t_sys_readmem_bad_notfound.out
@@ -1,2 +1,2 @@
-%Error: t/t_sys_readmem_bad_NOTFOUND.mem:0: $readmem file not found
-Aborting...
+%Warning: t/t_sys_readmem_bad_NOTFOUND.mem:0: $readmem file not found
+*-* All Finished *-*
diff --git a/test_regress/t/t_sys_readmem_bad_notfound.pl b/test_regress/t/t_sys_readmem_bad_notfound.pl
index d89f1290d..56cc415df 100755
--- a/test_regress/t/t_sys_readmem_bad_notfound.pl
+++ b/test_regress/t/t_sys_readmem_bad_notfound.pl
@@ -14,7 +14,6 @@ compile(
     );
 
 execute(
-    fails => $Self->{vlt_all},
     expect_filename => $Self->{golden_filename},
     );