SUPER MICRO COMPUTER, INC. (NASDAQ:SMCI) Files An 8-K Entry into a Material Definitive AgreementItem 1.01
Entry into a Material Definitive Agreement
SUPER MICRO COMPUTER, INC. (NASDAQ:SMCI) Files An 8-K Entry into a Material Definitive AgreementItem 1.01
Entry into a Material Definitive Agreement
On January 12, 2018, Bank of America, N.A, issued an extension letter to Super Micro Computer, Inc., a Delaware corporation (the “Company”), in connection with that certain Credit Agreement dated as of June 30, 2016 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement”), among the Company, the Guarantors (as defined in the Credit Agreement), Super Micro Computer B.V., a private limited liability company (besloten vennootschap met beperkte aansprakelijkheid) formed under the laws of the Netherlands and registered with the Trade Register of the Dutch Chamber of Commerce under number 17102792, as the “Designated Borrower” thereunder and not as a Guarantor (in such capacity, the “Designated Borrower” and, together with the Company, the “Borrowers” and each a “Borrower”), the lenders party thereto (“Lenders”), and BANK OF AMERICA, N.A., as Administrative Agent, Swingline Lender and L/C Issuer (the “Extension Letter”).
The Extension Letter extends the dates by which delivery of (i) the Company’s audited Consolidated and consolidating financial statements for the fiscal year ending June 30, 2017 (“FYE 2017 Financial Statements”) and the FYE 2017 Compliance Certificate (as defined in the Extension Letter) is required to no later than March 13, 2018 (the “Extended Delivery Date”) and (ii) the Company’s Consolidated financial statements for the fiscal quarters ending September 30, 2017 and December 31, 2017 together with a Compliance Certificate (as defined in the Extension Letter) is required to no later than the Extended Delivery Date, subject to the requirements set forth in the Extension Letter.
The foregoing description of the Extension Letter does not purport to be complete and is qualified in its entirety by reference to the full and complete terms of the Extension Letter, a copy of which is filed herewith as Exhibit 10.1 and is incorporated herein by reference.
Item 1.01 |
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant |
The information regarding the Extension Letter as set forth in Item 1.01 of this Form 8-K is incorporated herein by reference.
Item 1.01 |
Financial Statements and Exhibits |
Super Micro Computer, Inc. ExhibitEX-10.1 2 exhibit101_20180116.htm EXHIBIT 10.1 Exhibit Exhibit 10.1January 12,…To view the full exhibit click here
About SUPER MICRO COMPUTER, INC. (NASDAQ:SMCI)
Super Micro Computer, Inc. is engaged in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology (IT), big data, high performance computing (HPC) and Internet of Things (IoT)/embedded markets. The Company’s solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services. The Company sells its server systems and server subsystems and accessories through a combination of distributors, including value added resellers and system integrators, and other equipment manufacturers (OEMs). As of June 30, 2016, the Company offered over 4,950 stock keeping units (SKUs), including SKUs for server and storage systems, serverboards, chassis, power supplies and other system accessories. The Company develops and manufactures server solutions based upon a modular and open architecture.