No Misconduct Found, Super Micro Replace Its CFO

GuruFocus.com12-03 21:21

Super Micro Computer (NASDAQ:SMCI) recently revealed that the independent committee's internal investigation cleared its management of fraud and misconduct charges. This review was prompted following ...

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This review was prompted following ...</p>\n\n<a href=\"https://finance.yahoo.com/news/no-misconduct-found-super-micro-132118194.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SMCI","symbol_name":"超微电脑","start_time":0,"source_url":"https://finance.yahoo.com/news/no-misconduct-found-super-micro-132118194.html","article_id":"2488968910","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/ABz8Q1FssfE_SvAraSK0Dg--~B/aD00MDA7dz00MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/us.finance.gurufocus/fc0c11a1bbd769fcd3f6137f495fb16d"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2488968910","pubTimestamp":1733232078,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Super Micro Computer  recently revealed that the independent committee's internal investigation cleared its management of fraud and misconduct charges. 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This review was prompted following resignation by the company's auditor, Ernst & Young (EY) citing issues of company's governance, transparency and financial controls.\nAs no evidence of fraud or misconduct found among the company's leadership, Super Micro has decided to replace its CFO, David Weigand, although he will remain in the role until a successor is named. \n\nWarning! GuruFocus has detected 5 Warning Signs with SMCI.\n\nThis has raised some eyebrows, if Super Micro's management really found innocent why should the CFO be replaced?\nThe company is also planning to hire a new chief compliance officer and a general counsel to strengthen its financial operations. The stock price of Super Micro surged by about 30% on Monday following the announcement of the review's findings.\nFind out more about Super Micro's performance with charts and guru insights now in GuruFocus!This article first appeared on \nGuruFocus.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"executive","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2488968910"}