Super Micro Computer names BDO as auditor, files Nasdaq compliance plan

Super Micro Computer has named BDO as its new auditor and has filed a plan with Nasdaq to regain compliance.

The company has been in the process of finding a new auditor since its former auditor, KPMG, resigned in May. BDO is a global accounting and consulting firm with offices in over 160 countries.

Super Micro Computer also filed a plan with Nasdaq to regain compliance with the exchange's listing requirements. The company has been out of compliance since it failed to file its annual report on time in April.

The plan includes a number of measures to improve the company's financial reporting and internal controls. Super Micro Computer has also appointed a new chief financial officer and a new chief accounting officer.

The company's stock price has been volatile in recent months, but it has rebounded somewhat since the announcement of the new auditor and the compliance plan.

Analysts say that the new auditor and the compliance plan are positive steps for Super Micro Computer, but they caution that the company still has a lot of work to do to regain the trust of investors.

Here are some of the key points from the news release:

Super Micro Computer has named BDO as its new auditor.
The company has filed a plan with Nasdaq to regain compliance with the exchange's listing requirements.
The plan includes a number of measures to improve the company's financial reporting and internal controls.
The company's stock price has been volatile in recent months, but it has rebounded somewhat since the announcement of the new auditor and the compliance plan.

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