01—Abstract
Summary
Summary of the 8-K filed December 27, 2024. Cited figures are marked; the original filing is the authoritative source.
Super Micro Computer, Inc. filed this Current Report on Form 8-K dated December 20, 2024 (signed December 27, 2024) to disclose the termination of a material definitive agreement.
On December 20, 2024, the General Loan, Export/Import Financing, Overdraft Facilities, and Securities Agreement that the Company, through its Taiwan subsidiary, had entered into with the Taiwan affiliate of HSBC Bank was terminated and not renewed. The terminated Loan Agreement was a $50 milliona facility. The filing states that its balance was fully repaid on September 9, 2024, and that it remained undrawn from that date through termination.
As a result, the facility carried no outstanding borrowings at the time it ended. The filing contains no other operational, financial, or guidance disclosures. Its only substantive item is Item 1.02, and the only exhibit listed is the Cover Page Interactive Data File (Exhibit 104).
02—Key points
Key Highlights
- Termination of material definitive agreement (Item 1.02): the $50 million HSBC Taiwan affiliate Loan Agreement, entered into by the Taiwan subsidiary, was terminated and not renewed effective December 20, 2024.
- No outstanding balance: the facility had been fully repaid on September 9, 2024, and remained undrawn until termination.
- The agreement covered general loans, export/import financing, overdraft facilities, and securities arrangements through the Taiwan subsidiary.
- The filing reports no new financing, replacement facility, or early-termination penalties.
- Date of earliest event reported is December 20, 2024; the report was signed by CEO and Chairman Charles Liang on December 27, 2024.
- Only exhibit listed is Exhibit 104 (Cover Page Interactive Data File, embedded within the Inline XBRL document).
03—Questions
Frequently Asked Questions
What agreement was terminated?
The General Loan, Export/Import Financing, Overdraft Facilities, and Securities Agreement between the Company's Taiwan subsidiary and the Taiwan affiliate of HSBC Bank, a $50 million facility referred to as the Loan Agreement, was terminated on December 20, 2024 and not renewed.
Did the company owe any money under the facility when it was terminated?
No. The filing states the balance was fully repaid on September 9, 2024, and the facility remained undrawn from that date until termination.
Why was the agreement terminated?
The filing states only that the Loan Agreement was terminated and not renewed. It does not give a reason.
Does this filing affect the company's ability to borrow?
The filing does not describe a replacement facility or other financing arrangements. It reports only the termination of the $50 million Loan Agreement, which had no outstanding balance.
04—Continue