Summary by Futu AI
Super Micro Computer, Inc. has announced that it will be unable to file its Annual Report on Form 10-K for the fiscal year ended June 30, 2024, within the prescribed time frame. The delay is due to an ongoing review of the company's internal controls and other matters, initiated by the Audit Committee of the Board of Directors. This review was prompted by information that recently came to the committee's attention. While the review is being conducted diligently, additional time is required for the company's management to complete its assessment of the effectiveness of its internal controls over financial reporting. Despite the delay, Super Micro Computer does not expect any material changes to the financial results previously announced in its August 6, 2024 press release. The company anticipates needing extra time to finalize its financial statements and related disclosures. Charles Liang, President, CEO, and Chairman of the Board, has confirmed that all other periodic reports have been filed and no significant changes in results of operations are expected in the upcoming report.