Super Micro Computer Enters Material Agreement, New Financial Obligation

Ticker: SMCI · Form: 8-K · Filed: 2024-02-20T00:00:00.000Z

Sentiment: neutral

Topics: debt, agreement, financial-obligation

Related Tickers: SMCI

TL;DR

**SMCI just took on new debt or a major financial commitment, watch for details!**

AI Summary

Super Micro Computer, Inc. filed an 8-K on February 20, 2024, reporting an event on February 16, 2024, concerning the entry into a Material Definitive Agreement and the creation of a Direct Financial Obligation. The filing indicates the company, based in San Jose, California, with IRS Number 77-0353939, has undertaken a new financial commitment. This suggests a significant operational or strategic move by Super Micro Computer, Inc.

Why It Matters

This filing signals a new financial commitment for Super Micro Computer, Inc., which could impact its balance sheet, future operations, and investor perception.

Risk Assessment

Risk Level: medium — The filing indicates a new direct financial obligation without specifying the amount or purpose, which introduces uncertainty regarding its impact on the company's financial health.

Key Players & Entities

FAQ

What was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on February 16, 2024.

What items of information were reported in this 8-K?

The 8-K reported 'Entry into a Material Definitive Agreement', 'Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant', and 'Financial Statements and Exhibits'.

What is the full name of the registrant?

The full name of the registrant is Super Micro Computer, Inc.

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.

What is the registrant's Commission File Number?

The registrant's Commission File Number is 001-33383.

From the Filing

0001375365-24-000014.txt : 20240220 0001375365-24-000014.hdr.sgml : 20240220 20240220161135 ACCESSION NUMBER: 0001375365-24-000014 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 63 CONFORMED PERIOD OF REPORT: 20240216 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240220 DATE AS OF CHANGE: 20240220 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Super Micro Computer, Inc. CENTRAL INDEX KEY: 0001375365 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPUTERS [3571] ORGANIZATION NAME: 06 Technology IRS NUMBER: 770353939 STATE OF INCORPORATION: CA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33383 FILM NUMBER: 24653398 BUSINESS ADDRESS: STREET 1: 980 ROCK AVENUE CITY: SAN JOSE STATE: CA ZIP: 95131 BUSINESS PHONE: 408-503-8000 MAIL ADDRESS: STREET 1: 980 ROCK AVENUE CITY: SAN JOSE STATE: CA ZIP: 95131 8-K 1 smci-20240216.htm 8-K smci-20240216 0001375365 false 0001375365 2024-02-16 2024-02-16 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     __________________________________________________________________________ FORM 8-K   __________________________________________________________________________ CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 16, 2024   SUPER MICRO COMPUTER, INC. (Exact name of registrant as specified in its charter)   Delaware 001-33383 77-0353939 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 980 Rock Avenue , San Jose , California 95131 (Address of principal executive offices, including Zip Code) Registrant’s telephone number, including area code: ( 408 )  503-8000 Not Applicable (Former name or former address, if changed since last report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, $0.001 par value   SMCI   The NASDAQ Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨ Item 1.01 Entry into a Material Definitive Agreement Super Micro Computer Inc., Taiwan (the “Subsidiary”), a Taiwan corporation and wholly-owned subsidiary of Super Micro Computer, Inc. (the “Company) was party to (i) a general agreement for omnibus credit lines dated September 28, 2023 with CTBC Bank Co., Ltd. (“CTBC Bank”) and (ii) various individual credit arrangements under such general agreement which provided for aggregate total borrowings of up to $105.0 million. On February 16, 2024 (the “Effec

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