Business Context and Reporting Period
This Form 8-K filing by Super Micro Computer, Inc. (SMCI) is dated March 11, 2019. The report addresses Item 3.01 regarding the notice of delisting from The Nasdaq Stock Market LLC due to the Company's failure to file periodic reports with the SEC as required by Nasdaq Listing Rule 5250(c)(1).
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on regulatory status and listing procedures rather than financial performance data.
Material Changes
- Delisting Confirmation: Nasdaq confirmed it will issue a public announcement on March 11, 2019, to delist the Company's common stock.
- Trading Venue: The Company's stock is currently quoted on the OTC Markets under the symbol "SMCI."
- Timeline: The formal delisting from Nasdaq will become effective ten days after the filing of Form 25 with the SEC.
Outlook, Risks, and Management Commentary
Management expects the final delisting action to have no practical effect on the trading of shares on the OTC Markets. The Company intends to promptly apply to relist on Nasdaq or another national securities exchange once it completes and files its delinquent periodic reports. The filing includes a cautionary statement that forward-looking statements regarding the ability to regain listing are subject to risks, including the Company's ability to meet initial and continued listing standards.
Investor Verification Checklist
- Verify the status of the Company's delinquent periodic SEC filings.
- Confirm the exact date of the Form 25 filing to determine the effective date of delisting.
- Monitor OTC Markets trading activity under symbol "SMCI" for liquidity changes.
- Review any subsequent filings regarding the Company's plan to regain compliance with exchange listing standards.