Super Micro Computer Inc. Nasdaq Non-Compliance Update
November 20 2024 - 4:05PM
Business Wire
As previously announced, Super Micro Computer, Inc.
(Nasdaq:SMCI) (“SMCI” or the “Company”), a Total IT Solution
Provider for AI, Cloud, Storage and 5G/Edge, submitted a compliance
plan to Nasdaq on November 18, 2024 with respect to supporting its
request for an extension of time to regain compliance with the
Nasdaq continued listing requirements. In the compliance plan, the
Company indicated that it believes it will be able to file both its
Annual Report on Form 10-K for the fiscal year ended June 30, 2024
(the “2024 Form 10-K”) and its Quarterly Report on Form 10-Q for
the period ended September 30, 2024 (the “Q1 2025 Form 10-Q”), and
become current with its periodic filings within the discretionary
period available to the Nasdaq staff to grant.
Consistent with prior announcements, and in accordance with
Nasdaq marketplace rules, the Company today announced that the
Company received a notification letter from Nasdaq (the “Letter”)
stating that the Company is not in compliance with Nasdaq listing
rule 5250(c)(1), which requires timely filing of reports with the
U.S. Securities and Exchange Commission. The Letter was sent as a
result of the Company’s delay in filing its Q1 2025 Form 10-Q and
its continued delay in filing its 2024 Form 10-K. The 2024 Form
10-K was due on August 29, 2024 and the Q1 2025 Form 10-Q was due
on November 12, 2024. The Company filed Form 12b-25s regarding the
2024 Form 10-K and the Q1 2025 Form 10-Q on August 30, 2024 and
November 13, 2024, respectively.
The Letter has no immediate effect on the listing or trading of
the Company’s common stock on the Nasdaq Global Select Market.
Cautionary Statement Regarding Forward Looking
Statements
Statements contained in this press release that are not
historical fact may be forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Such forward-looking
statements may relate, among other things, to the timing of the
filing of the 2024 Form 10-K and Q1 2025 Form 10-Q. Such
forward-looking statements do not constitute guarantees of future
performance and are subject to a variety of risks and uncertainties
that could cause our actual results to differ materially from those
anticipated. Additional factors that could cause actual results to
differ materially from those projected or suggested in any
forward-looking statements are contained in our filings with the
Securities and Exchange Commission, including those factors
discussed under the caption "Risk Factors" in such filings.
About Super Micro Computer, Inc.
Supermicro (Nasdaq: SMCI) is a global leader in
Application-Optimized Total IT Solutions. Founded and operating in
San Jose, California, Supermicro is committed to delivering first
to market innovation for Enterprise, Cloud, AI, and 5G Telco/Edge
IT Infrastructure. We are a Total IT Solutions Provider with
server, AI, storage, IoT, switch systems, software, and support
services. Supermicro's motherboard, power, and chassis design
expertise further enable our development and production, enabling
next generation innovation from cloud to edge for our global
customers. Our products are designed and manufactured in-house (in
the US, Taiwan, and the Netherlands), leveraging global operations
for scale and efficiency and optimized to improve TCO and reduce
environmental impact (Green Computing). The award-winning portfolio
of Server Building Block Solutions® allows customers to optimize
for their exact workload and application by selecting from a broad
family of systems built from our flexible and reusable building
blocks that support a comprehensive set of form factors,
processors, memory, GPUs, storage, networking, power, and cooling
solutions (air-conditioned, free air cooling or liquid
cooling).
Supermicro, Server Building Block Solutions, and We Keep IT
Green are trademarks and/or registered trademarks of Super Micro
Computer, Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20241120071117/en/
Investor Relations Contact: email: ir@supermicro.com
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