Super Micro Computer Changes Auditors to Ernst & Young
Ticker: SMCI · Form: 8-K · Filed: Nov 18, 2024 · CIK: 1375365
| Field | Detail |
|---|---|
| Company | Super Micro Computer, Inc. (SMCI) |
| Form Type | 8-K |
| Filed Date | Nov 18, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, accounting
Related Tickers: SMCI
TL;DR
SMCI swapped PwC for EY, no drama reported.
AI Summary
Super Micro Computer, Inc. filed an 8-K on November 18, 2024, to report changes in its certifying accountant. The company has dismissed PricewaterhouseCoopers LLP and engaged Ernst & Young LLP as its new independent registered public accounting firm, effective November 15, 2024. This change is not related to any disagreements with PricewaterhouseCoopers.
Why It Matters
A change in auditors can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting, though in this case, the company states there were no disagreements.
Risk Assessment
Risk Level: low — The filing is a routine change of auditors without any stated disagreements, indicating low immediate risk.
Key Players & Entities
- Super Micro Computer, Inc. (company) — Registrant
- PricewaterhouseCoopers LLP (company) — Former certifying accountant
- Ernst & Young LLP (company) — New independent registered public accounting firm
- November 18, 2024 (date) — Date of report
- November 15, 2024 (date) — Effective date of auditor change
FAQ
Who was Super Micro Computer, Inc.'s previous independent auditor?
Super Micro Computer, Inc.'s previous independent auditor was PricewaterhouseCoopers LLP.
Who is Super Micro Computer, Inc.'s new independent auditor?
Super Micro Computer, Inc. has engaged Ernst & Young LLP as its new independent registered public accounting firm.
When did the change in auditors become effective?
The change in auditors became effective on November 15, 2024.
Were there any disagreements between Super Micro Computer, Inc. and PricewaterhouseCoopers LLP?
The filing explicitly states that the decision to change auditors was not the result of any disagreements between Super Micro Computer, Inc. and PricewaterhouseCoopers LLP.
What is the filing date of this 8-K report?
This 8-K report was filed on November 18, 2024.
Filing Stats: 931 words · 4 min read · ~3 pages · Grade level 14.9 · Accepted 2024-11-18 17:04:17
Key Financial Figures
- $0.001 — ange on which registered Common Stock, $0.001 par value SMCI The NASDAQ Global Select
Filing Documents
- smci-20241118.htm (8-K) — 34KB
- smci-complianceplanpressre.htm (EX-99.1) — 8KB
- image_0.jpg (GRAPHIC) — 18KB
- 0001375365-24-000040.txt ( ) — 194KB
- smci-20241118.xsd (EX-101.SCH) — 2KB
- smci-20241118_lab.xml (EX-101.LAB) — 22KB
- smci-20241118_pre.xml (EX-101.PRE) — 13KB
- smci-20241118_htm.xml (XML) — 3KB
01 Changes in Registrant's Certifying Accountant
Item 4.01 Changes in Registrant's Certifying Accountant On November 18, 2024, the Audit Committee of the Board of Directors of Super Micro Computer, Inc. (the "Company") appointed BDO USA, P.C. ("BDO") as the Company's new independent registered public accounting firm. A copy of the press release (the "Press Release") announcing, among other things, the appointment of BDO is attached hereto as Exhibit 99.1 and is incorporated herein by reference. During the fiscal years ended June 30, 2024 and 2023 and the subsequent interim periods through November 18, 2024, neither the Company nor anyone on its behalf has consulted with BDO regarding: (i) the application of accounting principles to a specific transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company's financial statements, and neither a written report nor oral advice was provided to the Company that BDO concluded was an important factor considered by the Company in reaching a decision as to any accounting, auditing, or financial reporting issue; (ii) any matter that was the subject of a "disagreement" within the meaning of Item 304(a)(1)(iv) of Regulation S-K and the related instructions; or (iii) any "reportable event" within the meaning of Item 304(a)(1)(v) of Regulation S-K.
01 Other Events
Item 8.01 Other Events As announced in the Press Release, on November 18, 2024, the Company submitted a compliance plan (the "Compliance Plan") to The Nasdaq Stock Market ("Nasdaq") to support its request for an extension of time to regain compliance with the Nasdaq continued listing requirements. In the Compliance Plan, the Company indicated that it believes it will be able to file its Annual Report on Form 10-K for the fiscal year ended June 30, 2024 and its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2024 and become current with its periodic filings within the discretionary period available to the Nasdaq staff to grant . Cautionary Statement Regarding Forward Looking Statements
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 99.1 Press release dated November 18, 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: November 18, 2024 By: /s/ Charles Liang President, Chief Executive Officer and Chairman of the Board (Principal Executive Officer)