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Form 8-K · Current Report · Filed 2024-11-26

Super Micro Computer Inc. Terminates Loan Agreements

Super Micro Computer, Inc. (SMCI) has prepaid in full and terminated its obligations under two loan agreements with Cathay Bank and Bank of America N.A. as of November 20, 2024. This action concludes the company's commitments under these agreements, which are now fully settled.

Filer
Super Micro Computer, Inc. SMCI · NASDAQ
Filed
Accession
0001375365-24-000043
CIK
0001375365
Signal
Medium impactTechnology

Items reported

Item 1.02

Termination of a Material Definitive Agreement

Contract Termination
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$38.41

Next session

-8.7%

Since filing

-26.1%

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:

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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