Business Context and Reporting Period
This Form 8-K filing by Super Micro Computer, Inc. (Super Micro) reports a corporate governance event dated April 26, 2007. The report concerns the appointment of compensatory arrangements for a senior officer.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on an equity grant and does not contain financial performance data.
Material Changes
On April 26, 2007, the Board of Directors approved the grant of an option to purchase 32,500 shares of common stock to Howard Hideshima, the Company's Chief Financial Officer.
- Exercise Price: $10.19 per share (closing price on the grant date).
- Vesting Schedule: 25% vests on the first anniversary; the remaining 75% vests in equal quarterly installments (1/16 per quarter) thereafter.
- Expiration: April 26, 2017.
- Plan: Granted under the 2006 Equity Incentive Plan.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary on future performance, risks, contingencies, or unusual items.
Investor Verification Checklist
- Verify the total number of shares authorized under the 2006 Equity Incentive Plan to assess remaining capacity.
- Confirm the current stock price relative to the $10.19 exercise price to evaluate the option's intrinsic value.
- Review the Company's most recent 10-Q or 10-K for the impact of this grant on diluted earnings per share.