Super Micro Computer, Inc. Appoints BDO USA, P.C. as Independent Auditor for Nasdaq Compliance

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18/11/2024 23h16

**Super Micro Computer, Inc. Appoints BDO USA, P.C. as Independent Auditor and Pursues Nasdaq Compliance**

Super Micro Computer, Inc. (Nasdaq: SMCI), a leading provider of Total IT Solutions for sectors including AI, Cloud, Storage, and 5G/Edge, has announced the appointment of BDO USA, P.C. ("BDO") as its independent auditor with immediate effect. BDO, part of BDO International, represents one of the top five global accounting networks, boasting over 115,000 professionals worldwide and recognized for its leadership in audit and assurance.

Charles Liang, President and CEO of Supermicro, expressed optimism about the new partnership. “We are pleased to welcome BDO as Supermicro's independent auditor,” Liang stated. “BDO is a highly respected accounting firm with global capabilities. This is an important next step to bring our financial statements current, an effort we are pursuing with both diligence and urgency.”

Supermicro has also submitted a compliance plan to The Nasdaq Stock Market ("Nasdaq") seeking an extension to meet Nasdaq’s continued listing requirements. The company is confident that it will finalize its Annual Report on Form 10-K for the fiscal year ending June 30, 2024, and its Quarterly Report on Form 10-Q for the quarter ending September 30, 2024, within the discretionary period permitted by Nasdaq.

According to Nasdaq's regulations, Supermicro’s securities will continue to be listed while Nasdaq reviews the compliance plan. This period of review will determine if Supermicro meets the required standards for continued listing.

In cautioning investors, Supermicro acknowledged that forward-looking statements in the press release, including those about the compliance efforts with Nasdaq listing requirements, are not guarantees of future performance. These statements are subject to various risks and uncertainties, including the outcomes of Nasdaq's review of the compliance plan and the completion of necessary audits and reviews within the designated periods.

Supermicro remains a significant player in the IT infrastructure space, focusing on areas such as server, AI, storage, and IoT systems. The company prides itself on its innovation and environmentally friendly practices, providing comprehensive solutions that cater to the evolving needs of its global customer base.

The views expressed in this article do not reflect the opinion of ICARO, or any of its affiliates.

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