Super Micro Computer Terminates Material Agreement
Ticker: SMCI · Form: 8-K · Filed: Dec 27, 2024 · CIK: 1375365
| Field | Detail |
|---|---|
| Company | Super Micro Computer, Inc. (SMCI) |
| Form Type | 8-K |
| Filed Date | Dec 27, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001, $50 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: agreement-termination, 8-K, financials
Related Tickers: SMCI
TL;DR
SMCI terminated a key deal. Details in the 8-K.
AI Summary
Super Micro Computer, Inc. filed an 8-K on December 27, 2024, reporting the termination of a material definitive agreement as of December 20, 2024. The filing also includes financial statements and exhibits. The company is incorporated in Delaware and headquartered in San Jose, California.
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 — Termination of a material definitive agreement can introduce uncertainty and potential financial or operational risks.
Key Numbers
- 001-33383 — SEC File Number (Identifies the company's filing with the SEC.)
- 77-0353939 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- Super Micro Computer, Inc. (company) — Registrant
- December 20, 2024 (date) — Date of earliest event reported
- December 27, 2024 (date) — Filing date
- 980 Rock Avenue, San Jose, California 95131 (location) — Principal executive offices
FAQ
What specific material definitive agreement was terminated by Super Micro Computer, Inc.?
The filing states the termination of a material definitive agreement but does not specify which agreement was terminated.
What is the effective date of the termination of the material definitive agreement?
The earliest event reported, including the termination, is dated December 20, 2024.
What are the primary business activities of Super Micro Computer, Inc.?
Super Micro Computer, Inc. is in the business of Electronic Computers, as indicated by its SIC code [3571].
Where are Super Micro Computer, Inc.'s principal executive offices located?
The principal executive offices are located at 980 Rock Avenue, San Jose, California 95131.
What is the fiscal year end for Super Micro Computer, Inc.?
The fiscal year end for Super Micro Computer, Inc. is June 30 (0630).
Filing Stats: 456 words · 2 min read · ~2 pages · Grade level 12.9 · Accepted 2024-12-27 16:32:07
Key Financial Figures
- $0.001 — ange on which registered Common Stock, $0.001 par value SMCI The NASDAQ Global Select
- $50 million — and not renewed. The balance under this $50 million Loan Agreement had been fully repaid on
Filing Documents
- smci-20241220.htm (8-K) — 28KB
- 0001375365-24-000046.txt ( ) — 150KB
- smci-20241220.xsd (EX-101.SCH) — 2KB
- smci-20241220_lab.xml (EX-101.LAB) — 22KB
- smci-20241220_pre.xml (EX-101.PRE) — 13KB
- smci-20241220_htm.xml (XML) — 3KB
02 Termination of a Material Definitive Agreement
Item 1.02 Termination of a Material Definitive Agreement On December 20, 2024, the General Loan, Export/Import Financing, Overdraft Facilities, and Securities Agreement which the Company, through its Taiwan subsidiary, had entered into with the Taiwan affiliate of HSBC Bank (the "Loan Agreement") was terminated and not renewed. The balance under this $50 million Loan Agreement had been fully repaid on September 9, 2024, and had remained undrawn since such date.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 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: December 27, 2024 By: /s/ Charles Liang President, Chief Executive Officer and Chairman of the Board (Principal Executive Officer)