Super Micro Computer Enters Material Definitive Agreement

Ticker: SMCI · Form: 8-K · Filed: 2024-02-22T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, corporate-action

Related Tickers: SMCI

TL;DR

**SMCI just inked a major deal, signaling potential big changes ahead!**

AI Summary

Super Micro Computer, Inc. filed an 8-K on February 22, 2024, reporting an event that occurred on February 21, 2024. The filing indicates an entry into a material definitive agreement and other events, as per Item 1.01 and Item 8.01 of Form 8-K. The company, based in San Jose, California, with CIK 0001375365, did not disclose specific financial figures or counterparty names in the provided text.

Why It Matters

This filing signals a significant new commitment for Super Micro Computer, Inc., which could impact its future operations, financial performance, and strategic direction.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement without disclosing details, creating uncertainty about its potential impact.

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 21, 2024.

What type of agreement did Super Micro Computer, Inc. enter into?

Super Micro Computer, Inc. entered into a material definitive agreement, as per Item 1.01 of the 8-K filing.

What is the CIK number for Super Micro Computer, Inc.?

The Central Index Key (CIK) for Super Micro Computer, Inc. is 0001375365.

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 items of Form 8-K were reported in this filing?

This filing reported Item 1.01 (Entry into a Material Definitive Agreement), Item 8.01 (Other Events), and Item 9.01 (Financial Statements and Exhibits).

From the Filing

0001375365-24-000015.txt : 20240222 0001375365-24-000015.hdr.sgml : 20240222 20240221215006 ACCESSION NUMBER: 0001375365-24-000015 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240221 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240222 DATE AS OF CHANGE: 20240221 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: 24662105 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-20240221.htm 8-K smci-20240221 0001375365 false 0001375365 2024-02-21 2024-02-21 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 21, 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 On February 21, 2024 Super Micro Computer, Inc. (the “Company”) entered into a Seventh Amendment to Loan and Security Agreement (the “Agreement”) dated April 19, 2018, by and among the Company, as Borrower, the lenders party thereto (the “Lenders”) and Bank of America, N.A., as administrative agent for the Lenders to amend certain financial covenants of the Agreement to allow for the Company’s proposed offering of convertible senior notes as described below and the entry into capped call transactions in connection therewith. Item 8.01 Oth

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