Super Micro Computer, Inc. (NASDAQ: SMCI) has appointed BDO USA, P.C. as its independent auditor, effective immediately. BDO is a member firm of BDO International, one of the world's top five accounting firms, with over 115,000 professionals across its global network. Supermicro's President and CEO, Charles Liang, expressed his pleasure in welcoming BDO, highlighting the firm's global capabilities and expertise in audit and assurance.
In addition to this appointment, the company has submitted a compliance plan to the NASDAQ stock market to support its request for an extension of time to regain compliance with the NASDAQ continued listing requirements. Supermicro believes it will be able to complete its annual report on Form 10-K for the year ended June 30, 2024, and its quarterly report on Form 10-Q for the fiscal quarter ended September 30, 2024 within the discretionary period available to the NASDAQ staff to grant.
These steps are part of Supermicro's efforts to bring its financial statements current with diligence and urgency. The company's securities will remain listed pending NASDAQ's review of the compliance plan. Following these announcements, the company's shares moved 15.9%, and are now trading at a price of $21.54. Check out the company's full 8-K submission here.
