Business Context and Reporting Period
This Form 8-K filing by Super Micro Computer, Inc. (Super Micro) reports a material definitive agreement entered into on June 28, 2007. The company is a Delaware corporation headquartered in San Jose, California.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. It solely discloses a specific capital expenditure transaction.
- Transaction Type: Purchase of real property.
- Property Location: 880 Fox Lane, San Jose, California.
- Property Size: Approximately 90,000 square feet.
- Purchase Price: Approximately $11.3 million.
- Counterparty: CN Fox, LLC.
Material Changes
The filing discloses the entry into a Purchase Agreement for the acquisition of the aforementioned property. There are no reported changes to financial performance metrics compared to prior periods within this document.
Outlook, Risks, and Contingencies
Closing Conditions: The consummation of the sale is subject to customary closing conditions, including Super Micro's review of the Property.
Timeline: Escrow is expected to close on or about October 15, 2007.
Unusual Items: None reported beyond the property acquisition.
Investor Verification Checklist
- Verify the final closing date of the transaction against the expected October 15, 2007, timeline.
- Confirm the final purchase price and any adjustments to the $11.3 million estimate upon closing.
- Review the full text of the Purchase Agreement (Exhibit 10.1) for specific contingencies or covenants.
- Assess the impact of the $11.3 million capital outlay on the company's liquidity and cash flow in subsequent quarterly reports.