secwatch.observer — SEC 8-K summary
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Issuer:     Super Micro Computer, Inc. (SMCI)
CIK:        0001375365
Form:       8-K
Filed at:   2026-06-15T13:57:24+00:00
Accession:  0001193125-26-270430
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Super Micro issues 75M depositary shares of 7% mandatory convertible preferred stock raising ~$3.75B
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- Issued 75M depositary shares (1/20 interest each) of 7.00% Series A Mandatory Convertible Preferred Stock; over-allotment option for up to 11.25M additional shares.
- Liquidation preference $1,000 per share of preferred ($50 per depositary share); dividends at 7% annual rate payable quarterly starting Sept 1, 2026.
- Mandatory conversion on June 1, 2029 into common stock at rate between 30.304 and 36.364 shares per preferred share, based on VWAP over final 20 days.
- Underwriters J.P. Morgan and Goldman Sachs; offering closed June 15, 2026; common stock dividends/repurchases restricted until preferred dividends paid.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1375365/000119312526270430/0001193125-26-270430-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1375365/000119312526270430/d151436d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-270430

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