AI English summary of an SEC filing — figures as filed

Super Micro said it entered into a Ninth Amendment to Loan and Security Agreement (ABL Amendment) on September 27, 2024, extending the deadline to deliver its audited financial statements for FY2024 from September 28, 2024 to November 27, 2024 and adding a $70 million availability block to the U.S. borrowing base.

8-KEntry into a Material Definitive AgreementFiled Sep 30, 2024Period of report Sep 27, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

Super Micro said it entered into a Ninth Amendment to Loan and Security Agreement (ABL Amendment) on September 27, 2024, extending the deadline to deliver its audited financial statements for FY2024 from September 28, 2024 to November 27, 2024 and adding a $70 million availability block to the U.S. borrowing base.
The company said it entered into Amendment No. 1 to Term Loan Credit Agreement on September 27, 2024, extending the deadline to deliver its financial statements for FY2024 from September 28, 2024 to November 27, 2024. The company also said it must prepay $250 million of the term loans outstanding under the agreement.
Super Micro said on September 30, 2024 that it filed a certificate of amendment with the Delaware Secretary of State to effect a 10-for-1 forward split of its common stock, without any change to par value. The authorized common stock increased proportionately from 100,000,000 to 1,000,000,000 shares. No stockholder approval was required under Section 242(d) of the Delaware General Corporation Law.
The company said the stock split took effect at 5 p.m. Eastern Time on September 30, 2024, and that trading on the Nasdaq Global Select Market is expected to begin on a split-adjusted basis at the market open on October 1, 2024, under the existing ticker SMCI. The company said the new CUSIP number is 86800U302.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

ABL deadline extension and $70 million availability block

Super Micro said it entered into a Ninth Amendment to Loan and Security Agreement (ABL Amendment) on September 27, 2024, extending the deadline to deliver its audited financial statements for FY2024 from September 28, 2024 to November 27, 2024 and adding a $70 million availability block to the U.S. borrowing base.

Source · Based on the filing body and exhibits

Term Loan deadline extension and $250 million prepayment

The company said it entered into Amendment No. 1 to Term Loan Credit Agreement on September 27, 2024, extending the deadline to deliver its financial statements for FY2024 from September 28, 2024 to November 27, 2024. The company also said it must prepay $250 million of the term loans outstanding under the agreement.

Source · Based on the filing body and exhibits

10-for-1 stock split and authorized share increase

Super Micro said on September 30, 2024 that it filed a certificate of amendment with the Delaware Secretary of State to effect a 10-for-1 forward split of its common stock, without any change to par value. The authorized common stock increased proportionately from 100,000,000 to 1,000,000,000 shares. No stockholder approval was required under Section 242(d) of the Delaware General Corporation Law.

Source · Based on the filing body and exhibits

Stock split effective time and expected trading start date

The company said the stock split took effect at 5 p.m. Eastern Time on September 30, 2024, and that trading on the Nasdaq Global Select Market is expected to begin on a split-adjusted basis at the market open on October 1, 2024, under the existing ticker SMCI. The company said the new CUSIP number is 86800U302.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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