Form 8-K · Current Report · Filed 2024-09-30
Super Micro Computer Announces Loan Amendments and Stock Split
Super Micro Computer, Inc. has announced several key changes. On September 27, 2024, the company entered into amendments to its Loan and Security Agreement and Term Loan Credit Agreement, extending the deadline for delivering its audited financial statements and adjusting loan terms. Additionally, on September 30, 2024, the company executed a ten-for-one forward stock split of its common stock, effective as of 5:00 p.m. Eastern Time on the same day. Trading on a split-adjusted basis is expected to commence on October 1, 2024.
- Filer
- Super Micro Computer, Inc. SMCI · NASDAQ
- Filed
- Accession
- 0001375365-24-000035
- CIK
- 0001375365
- Signal
- Medium impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Entry into a Material Definitive Agreement
Creation of a Direct Financial Obligation
Material Modification to Rights of Security Holders
Amendments to Articles of Incorporation or Bylaws
Financial Statements and Exhibits
Market reaction
Close before filing
$41.97
Next session
-3.4%
Since filing
-32.3%
Latest close
$28.40
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from SMCI reporting the same item, with the next session's move:
Exhibits (3)
About Super Micro Computer, Inc.
Super Micro Computer, Inc. is a prominent player in the field of computing and technology hardware solutions. It specializes in designing, developing, and manufacturing high-performance, high-efficiency server technology, offering a broad range of server systems, motherboards, and embedded computing systems. Its products are integral to the functioning of data centers, cloud computing environments, enterprise IT, artificial intelligence applications, and 5G infrastructure. The company's expertise in energy-efficient, green computing solutions is notable, catering to a clientele that values sustainability alongside performance. Super Micro Computer, Inc. serves a global market acknowledging the growing demand for robust computing power and connectivity solutions. It supports various industries including telecommunications, healthcare, financial services, and entertainment, adapting to diverse computational needs. Founded in 1993 and headquartered in San Jose, California, Super Micro Computer, Inc. plays a crucial role in the expansion and advancement of the computing sector. By delivering innovative products and technology, the company contributes to the scalable and efficient data processing needs that underpin modern digital advancements.
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