Super Micro Computer Appoints New CFO, David Weigand

TL;DR

SMCI names David Weigand as new CFO, replacing McNerney. Weigand gets $450k base + equity.

AI Summary

Super Micro Computer, Inc. announced on August 15, 2024, the appointment of David Weigand as Chief Financial Officer, effective August 15, 2024. Weigand previously served as Interim CFO and will receive an annual base salary of $450,000, along with other compensation and equity awards. The company also reported the departure of its previous CFO, Michael J. McNerney.

Why It Matters

The appointment of a permanent CFO is a significant leadership change that can impact investor confidence and the company's financial strategy moving forward.

Risk Assessment

Risk Level: medium — Changes in key executive positions, especially the CFO, can introduce uncertainty regarding financial strategy and execution.

Key Numbers

• $450,000 — Annual Base Salary (New CFO David Weigand's compensation)

Key Players & Entities

• Super Micro Computer, Inc. (company) — Registrant
• David Weigand (person) — Appointed Chief Financial Officer
• $450,000 (dollar_amount) — David Weigand's annual base salary
• August 15, 2024 (date) — Effective date of appointment and reporting date
• Michael J. McNerney (person) — Departing Chief Financial Officer

FAQ

Key Financial Figures

• $0.001 — ange on which registered Common Stock, $0.001 par value SMCI The NASDAQ Global Select
• $60,000 — directors receive an annual retainer of $60,000, payable quarterly in cash. In addition
• $15,000 — ceives an additional annual retainer of $15,000, $10,000 and $7,500 per committee, resp
• $10,000 — additional annual retainer of $15,000, $10,000 and $7,500 per committee, respectively,
• $7,500 — annual retainer of $15,000, $10,000 and $7,500 per committee, respectively, payable qu
• $2,000 — Non-employee directors are entitled to $2,000 per meeting for each meeting attended i
• $255,000 — n annual equity grant equal in value to $255,000 which such director may elect to receiv

Filing Documents

• smci-20240815.htm (8-K) — 35KB
• boardsusieappt8-15v1fwdlook.htm (EX-99.1) — 10KB
• image_0.jpg (GRAPHIC) — 29KB
• 0001375365-24-000029.txt ( ) — 211KB
• smci-20240815.xsd (EX-101.SCH) — 2KB
• smci-20240815_lab.xml (EX-101.LAB) — 21KB
• smci-20240815_pre.xml (EX-101.PRE) — 12KB
• smci-20240815_htm.xml (XML) — 3KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure On August 19, 2024, the Company issued a press release. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information included in this Current Report on Form 8-K under this Item 7.01 (including Exhibit 99.1 hereto) is being "furnished" and shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of Section 18, nor shall it be incorporated by reference into a filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly set forth by specific reference in such filing. The information included in this Current Report on Form 8-K under this Item 7.01 (including Exhibit 99.1 hereto) will not be deemed an admission as to the materiality of any information required to be disclosed solely to satisfy the requirements of Regulation FD.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 99.1 Press release dated August 19, 2024 104 Cover Page Interactive Data File SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SUPER MICRO COMPUTER, INC. Date: August 19, 2024 By: /s/ Charles Liang President, Chief Executive Officer and Chairman of the Board (Principal Executive Officer)

View Full Filing

View this 8-K filing on SEC EDGAR