
Investigation Being Overseen by Lead Independent Director and Audit Committee Chair, with the Support of External Legal Counsel, Munger, Tolles &amp; Olson LLP


Super Micro Computer, Inc. (NASDAQ:SMCI) (&#34;Supermicro&#34; or

<p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc">
<b xmlns="http://www.w3.org/1999/xhtml"><i xmlns="http://www.w3.org/1999/xhtml">Investigation Being Overseen by Lead Independent Director and Audit Committee Chair, with the Support of External Legal Counsel, Munger, Tolles &amp; Olson LLP</i></b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/SMCI">SMCI</a>) ("Supermicro" or the "Company") today confirmed that an independent investigation is underway regarding the March 2026 indictment of three individuals who were associated with the Company at that time.

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As previously disclosed, Supermicro was informed on March 19, 2026 that two employees and a contractor were indicted in connection with an alleged conspiracy to commit export-control violations. Supermicro is not named as a defendant in the indictment and is not accused of any wrongdoing. The Company took swift action, and the three individuals no longer have any relationship with Supermicro.

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The investigation is being led by two independent members of the Company's Board, Scott Angel, Lead Independent Director, and Tally Liu, Chair of the Board's Audit Committee, who will report their findings and conclusions to the other four independent members of the Board. Mr. Angel, who joined Supermicro's Board in 2025, spent nearly four decades in Deloitte's Audit and Assurance practice, including 25 years as an Audit Partner. Mr. Liu also brings deep audit and accounting expertise, including 25 years as a Certified Public Accountant and senior leadership roles in internal audit and finance.

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The Board's independent directors have retained Munger, Tolles &amp; Olson LLP (&#34;MTO&#34;), a top-ranked law firm with five decades of experience leading independent investigations. Additionally, MTO has retained AlixPartners as an independent consultant, bringing deep expertise in forensic accounting and audit committee investigations. MTO, AlixPartners and the independent directors will work in close coordination with BDO USA, P.C., the Company's auditor. MTO and AlixPartners will report their findings directly to Messrs. Angel and Liu.

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The independent directors have not set a definitive timetable for the investigation. The Company will provide an update when the investigation is complete and does not intend to comment further until that time.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Concurrent with the initiation of the independent investigation, Supermicro initiated an internal review of its Global Trade Compliance Program. The internal review is being led by Yitai Hu, General Counsel and Senior Vice President. DeAnna Luna, the Company's newly appointed acting Chief Compliance Officer, now reports to the General Counsel. All findings will be reported directly to the independent directors of the Board.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"Supermicro is committed to protecting America's advanced technologies and intellectual property," said Charles Liang, president and CEO of Supermicro. "Our internal review and the independent directors' investigation are being conducted in line with our commitment to ensuring our technology is handled with the highest level of ethical and legal scrutiny."

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Super Micro Computer, Inc.</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Supermicro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/SMCI">SMCI</a>) is a global leader in Application-Optimized Total IT Solutions. Founded and operating in San Jose, California, Supermicro is committed to delivering first-to-market innovation for Enterprise, Cloud, AI, and 5G Telco/Edge IT Infrastructure. We are a Total IT Solutions provider with server, AI, storage, IoT, switch systems, software, and support services. Supermicro&#39;s motherboard, power, and chassis design expertise further enables our development and production, enabling next-generation innovation from cloud to edge for our global customers. Our products are designed and manufactured in-house (in the US, Taiwan, and the Netherlands), leveraging global operations for scale and efficiency and optimized to improve TCO and reduce environmental impact (Green Computing). The award-winning portfolio of Server Building Block Solutions&#xAE; allows customers to optimize for their exact workload and application by selecting from a broad family of systems built from our flexible and reusable building blocks that support a comprehensive set of form factors, processors, memory, GPUs, storage, networking, power, and cooling solutions (air-conditioned, free air cooling or liquid cooling).

</p><p xmlns="http://www.w3.org/1999/xhtml">
Supermicro, Server Building Block Solutions, and We Keep IT Green are trademarks and/or registered trademarks of Super Micro Computer, Inc.

</p><p xmlns="http://www.w3.org/1999/xhtml">
All other brands, names, and trademarks are the property of their respective owners.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260407722503r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260407722503/en/" rel="nofollow">https://www.businesswire.com/news/home/20260407722503/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Investor Contact: 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:IR@supermicro.com" shape="rect">IR@supermicro.com</a>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Media Contact:
<br xmlns="http://www.w3.org/1999/xhtml"></br></b><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:PR@supermicro.com" shape="rect">PR@supermicro.com</a>

</p>

SMCI

Supermicro Provides Update on Investigation by Independent Board Directors

Supermicro Launches Independent Investigation Amid Indictment Links

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Investigation Being Overseen by Lead Independent Director and Audit Committee Chair, with the Support of External Legal Counsel, Munger, Tolles &amp;amp; Olson LLP


Super Micro Computer, Inc. (NASDAQ:SMCI) (&amp;#34;Supermicro&amp;#34; or</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Supermicro is undergoing an independent investigation regarding indictments linked to former associates. Despite not being accused of wrongdoing, investor confidence may be shaken depending on the results of the ongoing review.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Supermicro confirms independent investigation related to 2026 indictments.</li><li>Three individuals, formerly associated with the company, indicted for export violations.</li><li>Supermicro is not a defendant and quickly severed ties with these individuals.</li><li>Audit process led by experienced board members and external legal counsel.</li><li>Internal review of Global Trade Compliance Program initiated alongside the investigation.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Munger, Tolles &amp; Olson LLP (N/A)</strong>: Retained as external legal counsel for the investigation.</li><li><strong>AlixPartners (N/A)</strong>: Engaged for forensic accounting expertise during the inquiry.</li><li><strong>BDO USA, P.C. (N/A)</strong>: The company&#039;s auditor coordinating with the independent directors.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This falls under Corporate Developments as it relates to governance and legal compliance measures. Investigations of this nature can significantly influence stakeholder confidence and future operational strategy.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Investors should monitor potential updates from the investigation for market sentiment.</li><li>Further legal actions could impact Supermicro&#039;s compliance costs and operational capabilities.</li><li>The public response to the investigation will influence future stock performance.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Three individuals were indicted for export-control violations related to Supermicro.</li><li>The indictment occurred in March 2026, with employees quickly terminated afterward.</li><li>An independent investigation has been initiated by the company’s independent directors.</li><li>Supermicro is not named in the indictment and is not accused of wrongdoing.</li><li>The investigation is being supported by external legal counsel and accounting firms.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>SMCI may face volatility in shares due to the investigation&#039;s uncertainty in the near term.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc">
<b xmlns="http://www.w3.org/1999/xhtml"><i xmlns="http://www.w3.org/1999/xhtml">Investigation Being Overseen by Lead Independent Director and Audit Committee Chair, with the Support of External Legal Counsel, Munger, Tolles &amp; Olson LLP</i></b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/SMCI">SMCI</a>) ("Supermicro" or the "Company") today confirmed that an independent investigation is underway regarding the March 2026 indictment of three individuals who were associated with the Company at that time.

</p><p xmlns="http://www.w3.org/1999/xhtml">
As previously disclosed, Supermicro was informed on March 19, 2026 that two employees and a contractor were indicted in connection with an alleged conspiracy to commit export-control violations. Supermicro is not named as a defendant in the indictment and is not accused of any wrongdoing. The Company took swift action, and the three individuals no longer have any relationship with Supermicro.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The investigation is being led by two independent members of the Company's Board, Scott Angel, Lead Independent Director, and Tally Liu, Chair of the Board's Audit Committee, who will report their findings and conclusions to the other four independent members of the Board. Mr. Angel, who joined Supermicro's Board in 2025, spent nearly four decades in Deloitte's Audit and Assurance practice, including 25 years as an Audit Partner. Mr. Liu also brings deep audit and accounting expertise, including 25 years as a Certified Public Accountant and senior leadership roles in internal audit and finance.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The Board's independent directors have retained Munger, Tolles &amp; Olson LLP (&#34;MTO&#34;), a top-ranked law firm with five decades of experience leading independent investigations. Additionally, MTO has retained AlixPartners as an independent consultant, bringing deep expertise in forensic accounting and audit committee investigations. MTO, AlixPartners and the independent directors will work in close coordination with BDO USA, P.C., the Company's auditor. MTO and AlixPartners will report their findings directly to Messrs. Angel and Liu.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The independent directors have not set a definitive timetable for the investigation. The Company will provide an update when the investigation is complete and does not intend to comment further until that time.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Concurrent with the initiation of the independent investigation, Supermicro initiated an internal review of its Global Trade Compliance Program. The internal review is being led by Yitai Hu, General Counsel and Senior Vice President. DeAnna Luna, the Company's newly appointed acting Chief Compliance Officer, now reports to the General Counsel. All findings will be reported directly to the independent directors of the Board.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"Supermicro is committed to protecting America's advanced technologies and intellectual property," said Charles Liang, president and CEO of Supermicro. "Our internal review and the independent directors' investigation are being conducted in line with our commitment to ensuring our technology is handled with the highest level of ethical and legal scrutiny."

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Super Micro Computer, Inc.</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Supermicro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/SMCI">SMCI</a>) is a global leader in Application-Optimized Total IT Solutions. Founded and operating in San Jose, California, Supermicro is committed to delivering first-to-market innovation for Enterprise, Cloud, AI, and 5G Telco/Edge IT Infrastructure. We are a Total IT Solutions provider with server, AI, storage, IoT, switch systems, software, and support services. Supermicro&#39;s motherboard, power, and chassis design expertise further enables our development and production, enabling next-generation innovation from cloud to edge for our global customers. Our products are designed and manufactured in-house (in the US, Taiwan, and the Netherlands), leveraging global operations for scale and efficiency and optimized to improve TCO and reduce environmental impact (Green Computing). The award-winning portfolio of Server Building Block Solutions&#xAE; allows customers to optimize for their exact workload and application by selecting from a broad family of systems built from our flexible and reusable building blocks that support a comprehensive set of form factors, processors, memory, GPUs, storage, networking, power, and cooling solutions (air-conditioned, free air cooling or liquid cooling).

</p><p xmlns="http://www.w3.org/1999/xhtml">
Supermicro, Server Building Block Solutions, and We Keep IT Green are trademarks and/or registered trademarks of Super Micro Computer, Inc.

</p><p xmlns="http://www.w3.org/1999/xhtml">
All other brands, names, and trademarks are the property of their respective owners.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260407722503r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260407722503/en/" rel="nofollow">https://www.businesswire.com/news/home/20260407722503/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Investor Contact: 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:IR@supermicro.com" shape="rect">IR@supermicro.com</a>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Media Contact:
<br xmlns="http://www.w3.org/1999/xhtml"></br></b><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:PR@supermicro.com" shape="rect">PR@supermicro.com</a>

</p>

Supermicro is undergoing an independent investigation regarding indictments linked to former associates. Despite not being accused of wrongdoing, investor confidence may be shaken depending on the results of the ongoing review.

Supermicro Provides Update on Investigation by Independent Board Directors

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

Related News