Super Micro Computer Appoints New CFO, Adds Directors

TL;DR

SMCI names new CFO David Weigand, effective Dec 2, and adds two directors to the board.

AI Summary

Super Micro Computer, Inc. announced on November 27, 2024, the appointment of David Weigand as Chief Financial Officer, effective December 2, 2024. Weigand, previously Senior Vice President of Finance, will succeed Michael McNerney. The company also announced the election of two new directors, Dr. Steven M. Applbaum and Dr. Robert J. R. Graham, to its Board of Directors.

Why It Matters

This filing indicates a significant leadership change in the finance department and an expansion of the board, which could signal strategic shifts or governance enhancements for Super Micro Computer.

Risk Assessment

Risk Level: medium — Leadership changes and board appointments can introduce uncertainty or signal strategic shifts that may impact the company's future performance.

Key Players & Entities

• Super Micro Computer, Inc. (company) — Registrant
• David Weigand (person) — Appointed Chief Financial Officer
• Michael McNerney (person) — Outgoing Chief Financial Officer
• Dr. Steven M. Applbaum (person) — Elected Director
• Dr. Robert J. R. Graham (person) — Elected Director
• November 27, 2024 (date) — Date of Report
• December 2, 2024 (date) — Effective date for new CFO

FAQ

From the Filing

0001375365-24-000044.txt : 20241202 0001375365-24-000044.hdr.sgml : 20241202 20241202090813 ACCESSION NUMBER: 0001375365-24-000044 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20241127 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241202 DATE AS OF CHANGE: 20241202 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: 241517548 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-20241127.htm 8-K smci-20241127 0001375365 false 0001375365 2024-11-27 2024-11-27 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): November 27, 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 Certain Officers; Compensatory Arrangements of Certain Officers On December 2, 2024, Super Micro Computer, Inc. (the “Company”) announced that the Special Committee (the “Special Committee”) of the Board of Directors of the Company (the “Board”) had completed its investigation and made several recommendations to the Board, including that the Company recruit a new Chief Financial Officer and a