Super Micro (SMCI) ALERT: Shareholder Rights Law Firm Johnson Fistel Initiates Investigation of Super Micro Computer, Inc.; Encourages Any Investor to Contact the Firm
Summary
On October 26, 2017, Super Micro reaffirmed its delay in filing the 10-K, stating that "In connection with the in-process audit of the Companys financial results for the year ended June 30, 2017, a sales transaction was subject to additional inquiry and review".Additional time is required to analyze the impact, if any, of the results of the investigation on the Companys historical financial statements, as well as to conduct additional reviews before the Company will be able to finalize its Annual Report on Form 10-K for the fiscal year ended June 30, 2017 (the "Form 10-K")".On January 30, 2018, the Company also announced that Howard Hideshima, Senior Vice President, Chief Financial Officer had resigned.If you are a Super Micro shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker ( jimb@johnsonfistel.com ) by email or by phone at 619-814-4471.The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits.