Supermicro Announces Hearings Panel Date and Nasdaq Listing Extension
SAN JOSE, Calif., April 5, 2018 -- Super Micro Computer, Inc. (NASDAQ:SMCI) (the “Company”), a global leader in high performance, high-efficiency server, storage technology and green computing, today announced The Nasdaq Stock Market LLC (“Nasdaq”) granted the Company’s request for a hearing before a Nasdaq Hearings Panel (the “Panel”). The hearing will take place on April 26, 2018 at which time the Company will present its plan to regain compliance with Listing Rule 5250(c)(1) (the “Rule”), which requires timely filing of periodic reports with the Securities and Exchange Commission (the “SEC”). Previously, Nasdaq granted the Company an extension until March 13, 2018 to file all delinquent periodic reports.
The Company also announced that the Panel granted the Company’s request to extend the automatic 15-day stay of suspension from Nasdaq. The stay, which allows for the continued trading of the Company’s common stock on Nasdaq, will continue until a final determination regarding the Company’s listing status is issued after the April 26, 2018 hearing. The Company intends to continue to take all steps necessary to regain compliance with the Rule.
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. Products include servers, blades, GPU systems, workstations, motherboards, chassis, power supplies, storage, networking, server management software and SuperRack cabinets and accessories delivering unrivaled performance and value. Founded in 1993 and headquartered in San Jose, California, Supermicro is committed to protecting the environment through its "We Keep IT Green" initiative. The Company has global logistics and operations centers in Silicon Valley (USA), the Netherlands (Europe) and its Science & Technology Park in Taiwan (Asia).
Source: Super Micro Computer, Inc.