Super Micro Computer Terminates Material Agreement
Ticker: SMCI · Form: 8-K · Filed: Nov 26, 2024 · CIK: 1375365
| Field | Detail |
|---|---|
| Company | Super Micro Computer, Inc. (SMCI) |
| Form Type | 8-K |
| Filed Date | Nov 26, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: agreement-termination
Related Tickers: SMCI
TL;DR
SMCI terminated a big deal, details TBD.
AI Summary
Super Micro Computer, Inc. (SMCI) filed an 8-K on November 20, 2024, to report the termination of a material definitive agreement. The filing does not provide specific details about the agreement or the counterparty involved.
Why It Matters
The termination of a material definitive agreement could signal a shift in business relationships or strategic direction for Super Micro Computer, potentially impacting future operations or partnerships.
Risk Assessment
Risk Level: medium — The termination of a material definitive agreement, without immediate further explanation, introduces uncertainty regarding the company's business relationships and future prospects.
Key Players & Entities
- Super Micro Computer, Inc. (company) — Registrant
- November 20, 2024 (date) — Date of earliest event reported
- 001-33383 (company) — SEC File Number
- 77-0353939 (company) — I.R.S. Employer Identification No.
- 980 Rock Avenue, San Jose, California 95131 (location) — Address of principal executive offices
FAQ
What was the material definitive agreement that was terminated?
The filing does not specify the details of the material definitive agreement that was terminated.
Who was the counterparty to the terminated agreement?
The filing does not disclose the identity of the other party to the terminated agreement.
What is the effective date of the termination?
The earliest event reported is November 20, 2024, which is the date of the report.
Are there any financial implications of this termination disclosed in the filing?
The filing does not provide information on the financial implications of the termination.
Does this termination relate to any specific product line or business segment of Super Micro Computer?
The filing does not provide specific details linking the termination to any particular business segment or product.
Filing Stats: 461 words · 2 min read · ~2 pages · Grade level 11.9 · Accepted 2024-11-26 16:08:58
Key Financial Figures
- $0.001 — ange on which registered Common Stock, $0.001 par value SMCI The NASDAQ Global Select
Filing Documents
- smci-20241120.htm (8-K) — 28KB
- 0001375365-24-000043.txt ( ) — 150KB
- smci-20241120.xsd (EX-101.SCH) — 2KB
- smci-20241120_lab.xml (EX-101.LAB) — 22KB
- smci-20241120_pre.xml (EX-101.PRE) — 13KB
- smci-20241120_htm.xml (XML) — 3KB
02 Termination of a Material Definitive Agreement
Item 1.02 Termination of a Material Definitive Agreement On November 20, 2024, Super Micro Computer, Inc. (the " Company ") prepaid in full and terminated its obligations under each of (i) the Loan Agreement, by and among the Company and Cathay Bank, as amended or otherwise modified, and (ii) the Loan and Security Agreement with Bank of America N.A., by and among the Company, the lenders party thereto, and Bank of America N.A., as administrative agent, as amended or otherwise modified.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 104 Cover Page Interactive Data File 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: November 26, 2024 By: /s/ Charles Liang President, Chief Executive Officer and Chairman of the Board (Principal Executive Officer)