Super Micro Computer Reports Director/Officer Changes & Compensation

Ticker: SMCI · Form: 8-K · Filed: 2024-03-15T00:00:00.000Z

Sentiment: neutral

Topics: corporate-governance, officer-changes, director-changes, compensation

Related Tickers: SMCI

TL;DR

SMCI filed an 8-K detailing director/officer changes and compensation. Check for governance shifts.

AI Summary

Super Micro Computer, Inc. filed an 8-K on March 15, 2024, reporting events as of March 11, 2024. The filing primarily concerns the departure of directors or certain officers, the election of directors, and the appointment of certain officers, along with details on compensatory arrangements for these officers. It also includes financial statements and exhibits.

Why It Matters

Changes in a company's board of directors and executive officers, especially when accompanied by compensation details, can signal shifts in strategy or governance that may impact future performance.

Risk Assessment

Risk Level: medium — Changes in key personnel and compensation arrangements can introduce uncertainty and potential shifts in company strategy or financial performance.

Key Players & Entities

FAQ

What specific director or officer departures were reported?

The filing indicates the departure of directors or certain officers as an item reported, but does not name specific individuals in the provided text.

Who were the newly elected directors or appointed officers?

The filing lists the election of directors and appointment of certain officers as reported items, but specific names are not detailed in the provided text.

What is the nature of the compensatory arrangements being disclosed?

The filing mentions compensatory arrangements of certain officers as a reported item, but the specifics of these arrangements are not detailed in the provided text.

What financial statements and exhibits are included with this filing?

The filing states that Financial Statements and Exhibits are included, but the specific content of these exhibits is not detailed in the provided text.

What is the exact date of the earliest event reported in this 8-K?

The earliest event reported in this 8-K is dated March 11, 2024.

From the Filing

0001375365-24-000019.txt : 20240315 0001375365-24-000019.hdr.sgml : 20240315 20240314180014 ACCESSION NUMBER: 0001375365-24-000019 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240311 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240315 DATE AS OF CHANGE: 20240314 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Super Micro Computer, Inc. CENTRAL INDEX KEY: 0001375365 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPUTERS [3571] ORGANIZATION NAME: 06 Technology IRS NUMBER: 770353939 STATE OF INCORPORATION: CA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33383 FILM NUMBER: 24751606 BUSINESS ADDRESS: STREET 1: 980 ROCK AVENUE CITY: SAN JOSE STATE: CA ZIP: 95131 BUSINESS PHONE: 408-503-8000 MAIL ADDRESS: STREET 1: 980 ROCK AVENUE CITY: SAN JOSE STATE: CA ZIP: 95131 8-K 1 smci-20240311.htm 8-K smci-20240311 0001375365 false 0001375365 2024-03-11 2024-03-11 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     __________________________________________________________________________ FORM 8-K   __________________________________________________________________________ CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 11, 2024   SUPER MICRO COMPUTER, INC. (Exact name of registrant as specified in its charter)   Delaware 001-33383 77-0353939 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 980 Rock Avenue , San Jose , California 95131 (Address of principal executive offices, including Zip Code) Registrant’s telephone number, including area code: ( 408 )  503-8000 Not Applicable (Former name or former address, if changed since last report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered or to be registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, $0.001 par value   SMCI   The NASDAQ Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨ Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers (a) Departure of Director On March 11, 2024, Mr. Shiu Leung (Fred) Chan resigned as a director of Super Micro Computer, Inc. (the “Company”) in order to focus on family owned business projects. Mr. Chan served as chairman of the Nominating and Corporate Governance Committee and a member the Audit Committee. His resignation from the Board was not because of any disagreement with the Co

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