Summary by Futu AI
On October 28, 2024, Super Micro Computer, Inc., a company incorporated in Delaware and listed on the NASDAQ Global Select Market under the trading symbol SMCI, filed a Form 8-K with the United States Securities and Exchange Commission. The report announced that the company has entered into a Third Amendment to its Loan Agreement with Cathay Bank. This amendment extends the deadline for Super Micro Computer to deliver its audited financial statements for the fiscal year ending June 30, 2024, and the balance sheet and income statement for the fiscal quarter ending September 30, 2024, from their original due dates to December 31, 2024. Additionally, the amendment introduces a new covenant requiring the company to maintain a minimum of $150 million in unrestricted cash at all times. The full text of the amendment was filed as Exhibit 10.1 with the report.