secwatch.observer — SEC 8-K summary
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Issuer:     Super Micro Computer, Inc. (SMCI)
CIK:        0001375365
Form:       8-K
Filed at:   2024-11-01T23:59:59+00:00
Accession:  0001375365-24-000037
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Super Micro extends financial reporting deadlines under Cathay Bank loan, adds $150M cash covenant
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- Deadline for audited FY24 financials extended from Oct 28 to Dec 31, 2024.
- Deadline for Q1 FY25 balance sheet/income statement extended from Nov 29 to Dec 31, 2024.
- New covenant requires Super Micro to maintain at least $150M unrestricted cash at all times.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1375365/000137536524000037/0001375365-24-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1375365/000137536524000037/smci-20241028.htm
  HTML page:      https://secwatch.observer/filing/0001375365-24-000037

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