Super Micro Computer Terminates Material Agreement

Ticker: SMCI · Form: 8-K · Filed: 2024-11-26T00:00:00.000Z

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

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.

From the Filing

0001375365-24-000043.txt : 20241126 0001375365-24-000043.hdr.sgml : 20241126 20241126160858 ACCESSION NUMBER: 0001375365-24-000043 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20241120 ITEM INFORMATION: Termination of a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241126 DATE AS OF CHANGE: 20241126 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: 241503755 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-20241120.htm 8-K smci-20241120 0001375365 false 0001375365 2024-11-20 2024-11-20 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): November 20, 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 or to be 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 1.02 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. Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 104 Cover Page Interactive Data File SIGNATURE Pursuant to

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