Super Micro Computer Inc. conducted an external review which revealed no wrongdoing, leading to a transition in top financial positions amid ongoing challenges.
The company's tumultuous year included missed deadlines for financial reporting, governance concerns raised by its auditor, and a DOJ investigation following critical short-selling reports.
Kenneth Cheung, taking over as chief accounting officer, is part of a broader leadership change that includes seeking new roles for CFO, CCO, and general counsel.
The review involved extensive collaboration among a special board committee, over 50 attorneys from Cooley LLP, and forensic accounting experts from Secretariat Advisors.
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