Super Micro Computer—Supermicro charged by SEC with accounting fraud, agreed to pay $17.5M settlement and was temporarily delisted from NASDAQ
The SEC charged Super Micro Computer and its former CFO and VP Controller with widespread accounting violations spanning from 2015 to 2017, including prematurely recognizing revenue, underreporting expenses, and circumventing internal controls. Supermicro paid a $17.5M penalty. The company was delisted from NASDAQ in 2018 and only relisted in 2020 after restating financials.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Corporate Governance | -against | primary | -1.00 |
| Corporate Transparency | -against | primary | -1.00 |
| Overall incident score = | -1.180 | ||
Score = avg(topic contributions) × significance (critical ×2) × confidence (0.59)
Evidence (1 signal)
SEC charged Supermicro with widespread accounting violations spanning 2015-2017
The SEC announced charges against Super Micro Computer, its former CFO Howard Hideshima, and former VP Controller George Kao for widespread accounting violations. The company prematurely recognized revenue, underreported expenses, and circumvented internal controls. Supermicro paid $17.5M and was delisted from NASDAQ.