Super Micro Computer Inc.
11/01/2024 | Press release | Distributed by Public on 11/01/2024 14:11
Material Agreement Form 8 K
| Item 1.01 | Entry into a Material Definitive Agreement |
On October 28, 2024, Super Micro Computer, Inc. (the "Company") entered into a Third Amendment to Loan Agreement (the "Amendment"), by and among the Company and Cathay Bank, which amends the Loan Agreement, dated as of May 19, 2022 (as amended, the "Loan Agreement"). The Amendment, among other things, (a) extends the date by which the Company is required to deliver its (i) audited financial statements for its fiscal year ending June 30, 2024 under the Loan Agreement from October 28, 2024 to December 31, 2024 and (ii) balance sheet and income statement for its fiscal quarter ending September 30, 2024 under the Loan Agreement from November 29, 2024 to December 31, 2024 and (b) adds a covenant requiring that the Company maintain at least $150 million of unrestricted cash at all times.
The foregoing description of the Amendment is qualified in its entirety by the full text of such Amendment, a copy of which us filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.