Super Micro Computer receives letter of non compliance from Nasdaq Stock Market
Super Micro Computer announced that it has received a letter from the staff of the Listing Qualifications Department of The Nasdaq Stock Market notifying the company that since it remains delinquent 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 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. Previously the staff granted the company an extension until March 13 to file all delinquent periodic reports. As a result of the foregoing, the company's common stock is subject to suspension in trading on March 23 and delisting from Nasdaq unless the company requests a hearing before a hearings panel by March 21. The company submitted a letter to Nasdaq requesting a hearing before a hearings panel at which it intends to present its plan to regain and thereafter maintain compliance with all applicable Nasdaq listing requirements. 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.