Ernst & Young LLP (EY) resigned as Super Micro Computer's registered public accounting firm on October 24, 2024, citing concerns about governance, transparency, and internal controls. EY stated they could no longer rely on management's and Audit Committee's representations or be associated with the company's financial statements.In response to EY's concerns raised in July 2024, the Board appointed a Special Committee to review internal controls and governance procedures. The committee engaged Cooley LLP and Secretariat Advisors LLC for the investigation, which remains ongoing. EY questioned the company's commitment to integrity and ethical values, as well as the Board's independence from management.The company disagrees with EY's resignation decision, noting the Special Committee has not concluded its review. Super Micro Computer has begun the process of identifying a successor auditor and does not expect any restatements of its fiscal year 2024 quarterly reports or prior fiscal years' reports. EY had been engaged since March 15, 2023, and had not issued any audit reports before resigning.

Ernst & Young LLP (EY) resigned as Super Micro Computer's registered public accounting firm on October 24, 2024, citing concerns about governance, transparency, and internal controls. EY stated they could no longer rely on management's and Audit Committee's representations or be associated with the company's financial statements.In response to EY's concerns raised in July 2024, the Board appointed a Special Committee to review internal controls and governance procedures. The committee engaged Cooley LLP and Secretariat Advisors LLC for the investigation, which remains ongoing. EY questioned the company's commitment to integrity and ethical values, as well as the Board's independence from management.The company disagrees with EY's resignation decision, noting the Special Committee has not concluded its review. Super Micro Computer has begun the process of identifying a successor auditor and does not expect any restatements of its fiscal year 2024 quarterly reports or prior fiscal years' reports. EY had been engaged since March 15, 2023, and had not issued any audit reports before resigning.