Summary by Moomoo AI
Super Micro Computer announced on November 18, 2024, that its Audit Committee has appointed BDO USA, P.C. as its new independent auditor, effective immediately. BDO, a member of one of the world's top five accounting networks, brings global capabilities with over 115,000 professionals across its network.The company has submitted a compliance plan to Nasdaq to maintain its listing status and request an extension to regain compliance with continued listing requirements. Super Micro expressed confidence in its ability to file both its Annual Report (Form 10-K) for FY2024 and Quarterly Report (Form 10-Q) for Q1 FY2025 within Nasdaq's discretionary period.The company's securities will remain listed on Nasdaq pending the review of the compliance plan. CEO Charles Liang emphasized this appointment as a crucial step toward bringing financial statements current, stating the company is pursuing this effort with diligence and urgency.