Business Context and Reporting Period
This Form 8-K filing by Super Micro Computer, Inc. (SMCI) was submitted on March 9, 2023. The report discloses a change in the Company's independent registered public accounting firm for the fiscal year ending June 30, 2024.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. It is a disclosure regarding corporate governance and audit firm selection.
Material Changes
- Appointment of New Auditor: The Audit Committee approved the engagement of Ernst & Young LLP (EY) as the independent registered public accounting firm for the fiscal year ending June 30, 2024.
- Dismissal of Current Auditor: Deloitte & Touche LLP (Deloitte) is dismissed effective upon the completion of the audit for the fiscal year ending June 30, 2023. Deloitte will continue to serve for the current fiscal year.
- Audit History: Deloitte's reports for the fiscal years ended June 30, 2022, and 2021 contained no adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
Management Commentary and Risks
The filing states that during the fiscal years ended June 30, 2022 and 2021, and the interim period through March 9, 2023, there were no "disagreements" or "reportable events" between the Company and Deloitte regarding accounting principles, financial statement disclosure, or auditing scope. Additionally, the Company confirmed it had not consulted with EY regarding any accounting or auditing matters prior to this engagement.
Investor Verification Checklist
- Verify the effective date of the transition from Deloitte to EY (completion of the FY2023 audit).
- Review the letter from Deloitte & Touche LLP (Exhibit 16.1) to confirm their agreement with the Company's disclosures.
- Monitor future filings for the first audit report issued by EY for the fiscal year ending June 30, 2024.