Supermicro Received Extension From Nasdaq Until March 2018

Super Micro Computer, Inc. announced that, on December 11, 2017 it had received a letter from the Nasdaq Stock Market confirming that the company has been granted an exception to enable to regain compliance with the Nasdaq continued listing requirements.

Pursuant to the terms of the exception, on or before March 13, 2018, the Company must file its annual report on Form 10-K for the fiscal year ended June 30, 2017 as well as its quarterly reports on Form 10-Q for the quarters ended September 30, 2017 and December 31, 2017.

Pursuant to Nasdaq rules, Super Micro’s securities will remain listed on the Nasdaq Global Select Market pending satisfaction of the terms of the exception.

In the event the company does not make the filings within the time period required, Nasdaq will provide written notification that the company’s securities will be delisted.

At that time, it may appeal Nasdaq’s determination to a Hearings Panel. Super Micro intends to take all necessary steps to achieve compliance with the Nasdaq continued listing requirements as soon as practicable.

Read also:
Supermicro Submitted Revised Compliance Plan
With Nasdaq
2017.12.01 | Press Release
Supermicro Not in Compliance With Nasdaq
Requiring company to submit update to plan by November 30, 2017
2017.11.21 | Press Release
Supermicro Filed Compliance Plan With Nasdaq
For extension of time to regain compliance
2017.11.16 | Press Release