Super Micro Computer announces listing requirement notice from Nasdaq
Super Micro Computer announced that, as expected, it has received a letter from the Listing Qualifications Department of The Nasdaq Stock Market notifying the company of its delinquency related to the company's noncompliance with Nasdaq Listing Rule 5250(c)(1) (the "Rule") because the company has not yet filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2018. On May 18, 2018, the company submitted a response to the Nasdaq Hearings Panel stating that, consistent with the company's presentation at the recent hearing before the Panel and as of the date of the reply, the company believes it remains on track to file the delinquent filings with the SEC and thereby evidence compliance with the Rule on or before the Panel deadline of August 24, 2018. As the company previously announced, the Panel has granted the company's request to continue its listing on Nasdaq through August 24, 2018, subject to the condition that the company becomes current with its SEC filings by that date and informs the Panel the company is current with such filings. The company is diligently working to become current with its SEC filings and intends to continue to take all steps necessary to regain compliance with the Rule.