Super Micro Computer Changes Auditors

Ticker: SMCI · Form: 8-K · Filed: 2024-10-30T00:00:00.000Z

Sentiment: neutral

Topics: auditor-change, financial-reporting

Related Tickers: SMCI

TL;DR

SMCI swapped auditors from PwC to BDO USA, effective Oct 24.

AI Summary

Super Micro Computer, Inc. (SMCI) filed an 8-K on October 24, 2024, to report a change in its certifying accountant. The company dismissed PricewaterhouseCoopers LLP and appointed BDO USA, LLP as its new independent registered public accounting firm, effective October 24, 2024. The change was made after careful consideration by the Audit Committee.

Why It Matters

A change in auditors can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting, which investors will monitor closely.

Risk Assessment

Risk Level: medium — A change in auditors, especially without explicit reasons provided, can introduce uncertainty for investors regarding the company's financial reporting and internal controls.

Key Players & Entities

FAQ

When was the change in certifying accountant effective?

The change in certifying accountant was effective October 24, 2024.

Who was Super Micro Computer's previous certifying accountant?

Super Micro Computer's previous certifying accountant was PricewaterhouseCoopers LLP.

Who is Super Micro Computer's new independent registered public accounting firm?

Super Micro Computer's new independent registered public accounting firm is BDO USA, LLP.

Which committee approved the change in auditors?

The Audit Committee approved the change in auditors.

What is the company's principal executive office address?

The company's principal executive office address is 980 Rock Avenue, San Jose, California 95131.

From the Filing

0001375365-24-000036.txt : 20241030 0001375365-24-000036.hdr.sgml : 20241030 20241030085152 ACCESSION NUMBER: 0001375365-24-000036 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20241024 ITEM INFORMATION: Changes in Registrant's Certifying Accountant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241030 DATE AS OF CHANGE: 20241030 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: 241407617 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-20241024.htm 8-K smci-20241024 0001375365 false 0001375365 2024-10-24 2024-10-24 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): October 24, 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 4.01 Changes to Registrant’s Certifying Accountant On October 24, 2024, Ernst & Young LLP (“EY”) sent the members of the Audit Committee a letter of resignation as the Company’s registered public accounting firm (the “Resignation Letter”). The Chair of the Audit Committee discussed with EY the reasons for EY’s resignation. The Company has begun the process of identifying a successor independent registered public accounting firm. The Company will authorize EY to respond fully to the inquiries of the successor independent registered public accounting firm, once selected. The Company does not currentl

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