SAN JOSE, Calif.--(BUSINESS WIRE)--
Super Micro Computer, Inc. (NASDAQ:SMCI), a global leader in
high-performance, high-efficiency server, storage technology and green
computing, today announced that on December 11, 2017 it had received a
letter from the Nasdaq Stock Market ("Nasdaq") confirming that the
Company has been granted an exception to enable the Company to regain
compliance with the Nasdaq continued listing requirements. Pursuant to
the terms of the exception, on or before March 13, 2018, the Company
must file its Annual Report on Form 10-K for the fiscal year ended June
30, 2017 as well as its Quarterly Reports on Form 10-Q for the quarters
ended September 30, 2017 and December 31, 2017.
Pursuant to Nasdaq rules, Super Micro's securities will remain listed on
the Nasdaq Global Select Market pending satisfaction of the terms of the
exception. In the event the Company does not make the filings within the
time period required, Nasdaq will provide written notification that the
Company's securities will be delisted. At that time, the Company may
appeal Nasdaq's determination to a Hearings Panel. Super Micro intends
to take all necessary steps to achieve compliance with the Nasdaq
continued listing requirements as soon as practicable.
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, the preliminary financial information for the quarter ended
September 30, 2017 and the guidance provided for the quarter ending
December 31, 2017. 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, including any impact which may arise
from the pending Audit Committee investigation. 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®, a global leader in high-performance, high-efficiency server
technology and innovation is a premier provider of end-to-end green
computing solutions for Data Center, Cloud Computing, Enterprise IT,
Hadoop/Big Data, HPC and Embedded Systems worldwide. Supermicro's
advanced Server Building Block Solutions® offer a vast array of
components for building energy-efficient, application-optimized,
computing solutions. Architecture innovations include Twin, TwinPro,
FatTwin™, Ultra Series, MicroCloud, MicroBlade, SuperBlade®,
Double-sided Storage®, Battery Backup Power (BBP®) modules and WIO/UIO.
Products include servers, blades, GPU systems, workstations,
motherboards, chassis, power supplies, storage, networking, server
management software and SuperRack® cabinets/accessories delivering
unrivaled performance and value.
Founded in 1993 and headquartered in San Jose, California, Supermicro is
committed to protecting the environment through its "We Keep IT Green®"
initiative. The Company has global logistics and operations centers in
Silicon Valley (USA), the Netherlands (Europe) and its Science &
Technology Park in Taiwan (Asia).
Supermicro, FatTwin, TwinPro, SuperBlade, Double-Sided Storage, BBP,
SuperRack, Building Block Solutions and We Keep IT Green are trademarks
and/or registered trademarks of Super Micro Computer, Inc.
All other brands, names and trademarks are the property of their
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Super Micro Computer, Inc.
Perry G. Hayes, 408-895-6570
Source: Super Micro Computer, Inc.
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