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https://finance.yahoo.com/news/supermicro-receives-nasdaq-staff-determination-
204500620.html

Supermicro긠Receives Nasdaq Staff Determination Letter; Has Requested Hearing
Before Hearings Panel


SAN JOSE, Calif.--(BUSINESS WIRE)--

Super Micro Computer, Inc. (SMCI) (the “Company”),a global leader in high pe
rformance, high-efficiency server, storage technology and green computing, tod
ay announced that it has received a letter from the staff of the Listing Quali
fications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq
”) notifying the Company that since it remains delinquent in filing its Annua
l Report on Form 10-K for the fiscal year ended June 30, 2017 and its Quarterl
y Reports on Form 10-Q for the quarterly periods ended September 30, 2017 and
December 31, 2017, the Staff has determined that the Company is non-compliant
with Nasdaq Listing Rule 5250(c)(1). Previously the Staff granted the Company
an extension until March 13, 2018 to file all delinquent periodic reports. As
a result of the foregoing, the Company’s common stock is subject to suspensio
n in trading on March 23, 2018 and delisting from Nasdaq unless the Company re
quests a hearing before a Hearings Panel by March 21, 2018.

On March 16, 2018, the Company submitted a letter to Nasdaq requesting a heari
ng before a Hearings Panel at which it intends to present its plan to regain a
nd thereafter maintain compliance with all applicable Nasdaq listing requireme
nts. The hearing request automatically stays the delisting process for a perio
d of 15 calendar days from the date of the deadline to request a hearing. The
Hearings Panel has the authority to grant the Company additional time of up to
360 days from the original due date of the Company’s first late filing to re
gain compliance before further action would be taken to delist the Company’s
common stock.


In connection with its request for a hearing, the Company has also requested a
stay of the suspension of trading and delisting of its common stock, pending
the decision of the Hearings Panel. The Hearings Panel will notify the Company
by April 5, 2018 of its decision to allow the Company to continue to trade on
Nasdaq pending the hearing and a decision by the Hearings Panel. There can be
no assurance that the Hearings Panel will grant the Company’s request for co
ntinued listing or stay the delisting of its common stock.

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 Securitie
s Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such for
ward-looking statements may relate to, among other things, the Company’s pres
entation to the Hearings Panel and its expectations as to its ability to regai
n and maintain compliance with Nasdaq’s continued listing standards. Such for
ward-looking statements do not constitute guarantees of future performance and
are subject to a variety of risks and uncertainties. Additional factors that
could cause actual results to differ materially from those projected or sugges
ted in any forward-looking statements are contained in our filings with the Se
curities and Exchange Commission, including those factors discussed under the
caption "Risk Factors" in such filings.

About Super Micro Computer, Inc.

Supermicro긬 a global leader in high-performance, high-efficiency server techn
ology and innovation is a premier provider of end-to-end green computing solut
ions for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and
Embedded Systems worldwide. Supermicro's advanced Server Building Block Solut
ions긠offer a vast array of components for building energy-efficient, applicat
ion-optimized, computing solutions. Architecture innovations include Twin, Twi
nPro, FatTwin™, Ultra Series, MicroCloud, MicroBlade, SuperBlade긬 Double-sid
ed Storage긬 Battery Backup Power (BBP긩 modules and WIO/UIO.

Products include servers, blades, GPU systems, workstations, motherboards, cha
ssis, power supplies, storage, networking, server management software and Supe
rRack긠cabinets / accessories delivering unrivaled performance and value.

Founded in 1993 and headquartered in San Jose, California, Supermicro is commi
tted to protecting the environment through its "We Keep IT Green긢 initiative.
The Company has global logistics and operations centers in Silicon Valley (US
A), the Netherlands (Europe) and its Science & Technology Park in Taiwan (Asia
). Supermicro, FatTwin, TwinPro, SuperBlade, Double-Sided Storage, BBP, SuperR
ack, Building Block Solutions and We Keep IT Green are trademarks and/or regis
tered trademarks of Super Micro Computer, Inc. All other brands, names and tra
demarks are the property of their respective owners.





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