Supermicro Announces Filing of Revised Compliance Plan with NASDAQ Stock Market
SAN JOSE, Calif., Dec. 4, 2017 -- Super Micro Computer, Inc. (NASDAQ:SMCI), a global leader in high-performance, high-efficiency server, storage technology and green computing, today announced that on November 29, 2017 it had submitted a revised compliance plan to The NASDAQ Stock Market ("NASDAQ") to support its request for an extension of time to regain compliance with the NASDAQ continued listing requirements. Pursuant to NASDAQ rules, Super Micro’s securities will remain listed on the NASDAQ Global Select Market pending NASDAQ's review of the revised compliance plan. Super Micro intends to take all necessary steps to achieve compliance with the NASDAQ continued listing requirements as soon as practicable.
Cautionary Statement Regarding Forward Looking Statements
Statements contained in this press release that are not historical fact may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements may relate, among other things, the preliminary financial information for the quarter ended September 30, 2017 and the guidance provided for the quarter ending December 31, 2017. Such forward-looking statements do not constitute guarantees of future performance and are subject to a variety of risks and uncertainties that could cause our actual results to differ materially from those anticipated, including any impact which may arise from the pending Audit Committee investigation. Additional factors that could cause actual results to differ materially from those projected or suggested in any forward-looking statements are contained in our filings with the Securities and Exchange Commission, including those factors discussed under the caption "Risk Factors" in such filings.
About Super Micro Computer, Inc.
Supermicro, a global leader in high-performance, high-efficiency server technology and innovation is a premier provider of end-to-end green computing solutions for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and Embedded Systems worldwide. Supermicro's advanced Server Building Block Solutions offer a vast array of components for building energy-efficient, application-optimized, computing solutions. Architecture innovations include Twin, TwinPro, FatTwin, Ultra Series, MicroCloud, MicroBlade, SuperBlade, Double-sided Storage®, Battery Backup Power (BBP) modules and WIO/UIO.
Source: Super Micro Computer