Summary by Moomoo AI
On May 3, 2024, Super Micro Computer, Inc., a company incorporated in Delaware and listed on the NASDAQ Global Select Market under the trading symbol SMCI, reported a notice of deficiency from Nasdaq. The notice was regarding the company's noncompliance with Nasdaq Listing Rule 5605(c)(2)(A), which mandates that the audit committee of a company's board of directors must have at least three independent directors. This deficiency arose due to the resignation of Mr. Shiu Leung (Fred) Chan from the Board and the Audit Committee. However, by May 9, 2024, within the cure period provided by Nasdaq, Super Micro Computer addressed the issue by appointing Mr. Robert Blair and Ms. Judy Lin, both existing board members, to the Audit Committee. With these appointments, the Audit Committee now comprises four independent directors, ensuring compliance with the Nasdaq Listing Rule. The company has confirmed these changes in a Form 8-K filed with the SEC, signed by Charles Liang, President, Chief Executive Officer, and Chairman of the Board.