Defendant Name: Super Micro Computer, Inc.

Defendant Type: Public Company
SIC Code: 3571
CUSIP: 86800U10

Document Reference: 33-10822

Document Details

Legal Case Name In the Matter of Super Micro Computer, Inc.
Document Name Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
Document Date 25-Aug-2020
Document Format Administrative Proceeding
File Number 3-19927
AAER 4161
Allegation Type Issuer Reporting and Disclosure
Document Summary On August 25, 2020, the SEC instituted settled cease-and-desist proceedings against Super Micro Computer, Inc. The SEC stated: "Super Micro's executives pushed employees to maximize end-of-quarter revenue and minimize expenses, without devising and maintaining sufficient internal accounting controls to record revenue and expenses in conformity with U.S. Generally Accepted Accounting Principles ("GAAP")."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Remedial Acts or Efforts Before the Resolution
Fair Funds
Monetary Penalties:

Civil Penalty

Individual:     $17,500,000.00 Shared:    

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