Supermicro Announces Filing of Revised Compliance Plan With Nasdaq

Super Micro Computer, Inc. announced that on February 28,2018 it had submitted a revised compliance plan to the Nasdaq Stock Market.

The compliance plan relates to the company’s delinquencies in filing its annual report on Form 10-K for the fiscal year ended June 30, 2017 and its quarterly reports on Form 10-Q for the quarters ended September 30 and December 31, 2017, which delinquencies resulted in non-compliance with Nasdaq’s continued listing requirements.

Nasdaq had previously granted an exception to its listing requirements which expires on March 13, 2018. The company has requested that such exception continue and that Nasdaq grant the company a second 180-day exception period in order for the company to finalize and file its delinquent filings.

Supermicro intends to take all necessary steps within the Nasdaq process for extensions and appeals and to achieve compliance with the Nasdaq’s continued listing requirements as soon as practicable.

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