SMCI Files 8-K: Material Definitive Agreement Entered Jan 26, 2024

Ticker: SMCI · Form: 8-K · Filed: Feb 1, 2024 · CIK: 1375365

Super Micro Computer, Inc. 8-K Filing Summary
FieldDetail
CompanySuper Micro Computer, Inc. (SMCI)
Form Type8-K
Filed DateFeb 1, 2024
Risk Levellow
Pages3
Reading Time3 min
Key Dollar Amounts$0.001, $80 m, $10 m
Sentimentneutral

Complexity: simple

Sentiment: neutral

Topics: material-agreement, corporate-action

TL;DR

**SMCI just signed a big new deal, watch for details!**

AI Summary

Super Micro Computer, Inc. filed an 8-K on February 1, 2024, reporting an "Entry into a Material Definitive Agreement" on January 26, 2024. This filing indicates that the company has entered into a significant new contract or partnership, which could potentially impact its future revenue and operational outlook. For investors, this matters because material agreements often signal new business opportunities or strategic shifts that can influence stock performance, making it crucial to understand the specifics of this new agreement once they are disclosed.

Why It Matters

This filing signals a new, significant business agreement for Super Micro Computer, Inc., which could lead to increased revenue or strategic growth, directly impacting the company's financial health and stock value.

Risk Assessment

Risk Level: low — This filing is purely informational about a new agreement and does not inherently present a direct risk, though the details of the agreement itself could carry future risks or opportunities.

Analyst Insight

Investors should monitor Super Micro Computer, Inc.'s future filings and press releases closely for specific details regarding this 'Material Definitive Agreement' to assess its potential impact on the company's financials and strategic direction.

Key Players & Entities

  • Super Micro Computer, Inc. (company) — the registrant filing the 8-K
  • January 26, 2024 (date) — date of the earliest event reported (entry into material definitive agreement)
  • February 1, 2024 (date) — date the 8-K was filed
  • 001-33383 (other) — Commission File Number for Super Micro Computer, Inc.
  • SMCI (other) — trading symbol for Super Micro Computer, Inc.

Forward-Looking Statements

  • Super Micro Computer, Inc. will provide more details about the 'Material Definitive Agreement' in a subsequent filing or press release. (Super Micro Computer, Inc.) — high confidence, target: Q1 2024

FAQ

What is the specific nature of the 'Material Definitive Agreement' mentioned in the filing?

The filing indicates an 'Entry into a Material Definitive Agreement' but does not provide specific details about the nature of the agreement, such as the parties involved, terms, or expected impact. Further disclosures would be needed for this information.

When did the 'earliest event reported' occur, according to this 8-K filing?

The earliest event reported in this 8-K filing occurred on January 26, 2024, which is the date Super Micro Computer, Inc. entered into the Material Definitive Agreement.

What is the filing date of this 8-K for Super Micro Computer, Inc.?

The filing date for this 8-K by Super Micro Computer, Inc. is February 1, 2024.

What is Super Micro Computer, Inc.'s trading symbol and on which exchange is its common stock registered?

Super Micro Computer, Inc.'s trading symbol is SMCI, and its Common Stock, $0.001 par value, is registered on The NASDAQ Global Select Market.

Where is Super Micro Computer, Inc.'s principal executive office located?

Super Micro Computer, Inc.'s principal executive office is located at 980 Rock Avenue, San Jose, California 95131.

Filing Stats: 792 words · 3 min read · ~3 pages · Grade level 13.5 · Accepted 2024-02-01 09:09:18

Key Financial Figures

  • $0.001 — ange on which registered Common Stock, $0.001 par value SMCI The NASDAQ Global Select
  • $80 m — is" for an aggregate purchase price of $80 million, subject to certain adjustments t
  • $10 m — e Agreement, the Company made a deposit $10 million, which amount is non-refundable e

Filing Documents

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement On January 26, 2024, Super Micro Computer, Inc. (the "Company") entered into a purchase and sale agreement (the "Purchase Agreement') with Caracol Property Owner LLC (the "Seller") to purchase real estate from the Seller comprising approximately 19.72 acres of land and 293,906 square feet of buildings and improvements located in close proximity to the Company's headquarters space in San Jose, California (the "Property") "as is" for an aggregate purchase price of $80 million, subject to certain adjustments to be determined at closing. Under the Purchase Agreement, the Company made a deposit $10 million, which amount is non-refundable except in limited circumstances. The transaction, currently expected to close in February 2024, is subject to customary closing conditions. The Seller previously obtained, and the Company is acquiring under the Purchase Agreement, discretionary entitlements for a potential redevelopment of the Property with phased construction of seven office buildings totaling approximately 1.9 million square feet and two parking structures totaling approximately 1.6 million square feet. The Company currently leases a portion of the Property for warehouse space. The foregoing description of the Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to the Purchase Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein . Cautionary Statement Regarding Forward Looking Statements

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 10.1 Purchase and Sale Agreement, dated as of January 26, 2024, between Caracol Property Owner LLC and Super Micro Computer, Inc. 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SUPER MICRO COMPUTER, INC. Date: February 1, 2024 By: /s/ Charles Liang President, Chief Executive Officer and Chairman of the Board (Principal Executive Officer)

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