Business Context and Reporting Period
Company: Super Micro Computer, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: November 14, 2008
Event: Announcement of a new share repurchase program adopted by the Board of Directors.
Key Financial Metrics
This filing is a current report regarding a corporate action and does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The filing text does not provide a clear value for these metrics.
Material Changes
The material change disclosed is the authorization of a share repurchase program. The Company is authorized to repurchase up to 2,000,000 shares of its outstanding common stock. Repurchases may occur in the open market or in private transactions at prevailing market prices.
Guidance, Outlook, and Management Commentary
- Program Duration: The repurchase program is effective immediately and will end on June 30, 2009.
- Discretion: The timing and amount of repurchases are at management's discretion.
- Compliance: Transactions will be conducted in compliance with applicable securities laws.
- Legal Status: The information in this filing and the attached press release is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and is not incorporated by reference into other filings unless expressly stated.
Investor Verification Checklist
- Verify the total number of shares repurchased under this program in subsequent filings (e.g., 10-Q, 10-K, or future 8-Ks).
- Confirm the average price paid per share during the repurchase period.
- Check for any updates or terminations of the program before the June 30, 2009 deadline.
- Review the attached Exhibit 99.1 (Press Release) for any additional qualitative details not summarized in the 8-K text.