SAN JOSE, Calif.--(BUSINESS WIRE)--Apr. 5, 2018--
Super Micro Computer, Inc. (NASDAQ:SMCI) (the “Company”),a
global leader in high performance, high-efficiency server, storage
technology and green computing, today announced The Nasdaq Stock Market
LLC (“Nasdaq”) granted the Company’s request for a hearing before a
Nasdaq Hearings Panel (the “Panel”). The hearing will take place on
April 26, 2018 at which time the Company will present its plan to regain
compliance with Listing Rule 5250(c)(1) (the “Rule”), which requires
timely filing of periodic reports with the Securities and Exchange
Commission (the “SEC”). Previously, Nasdaq granted the Company an
extension until March 13, 2018 to file all delinquent periodic reports.
The Company also announced that the Panel granted the Company’s request
to extend the automatic 15-day stay of suspension from Nasdaq. The stay,
which allows for the continued trading of the Company’s common stock on
Nasdaq, will continue until a final determination regarding the
Company’s listing status is issued after the April 26, 2018 hearing. The
Company intends to continue to take all steps necessary to regain
compliance with the Rule.
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 to, among other
things, the Company’s presentation to the Panel and its continued
efforts to regain and maintain compliance with the Rule. Such
forward-looking statements do not constitute guarantees of future
performance and are subject to a variety of risks and uncertainties.
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 SEC, 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 and 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 respective owners.
SMCI-F
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Source: Super Micro Computer, Inc.
Super Micro Computer, Inc.
Perry G. Hayes, 408-895-6570
SVP,
Investor Relations
PerryH@Supermicro.com