Summary by Moomoo AI
Super Micro Computer, Inc. has announced that it is unable to file its Quarterly Report on Form 10-Q for the period ended September 30, 2024, on time due to unreasonable effort or expense. The delay is linked to the company's inability to file its Annual Report on Form 10-K for the period ended June 30, 2024. The company's Audit Committee initiated a review of internal controls and other matters, which led to the resignation of their independent accounting firm. A Special Committee has completed an investigation based on initial concerns and is working to select a new independent public accounting firm. The company anticipates significant changes in its operations results from the last fiscal year, as indicated in a press release issued on November 5, 2024. The company needs additional time to finalize its financial statements and related disclosures for the delayed reports. Super Micro Computer's CEO, Charles Liang, has signed off on the notification of late filing.
