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Violation Tracker Individual Record

Company: Super Micro Computer, Inc.
Current Parent Company: Super Micro Computer Inc.
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $17,500,000
Year: 2020
Date: August 25, 2020
Offense Group: financial offenses
Primary Offense: accounting fraud or deficiencies
Secondary Offense: financial institution supervision failures
Violation Description: Super Micro Computer, Inc. agreed to pay $17.5 million to resolve allegations that it prematurely recognized revenue and understated expenses over a period of at least three years.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: California
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: electrical and electronic equipment
Specific Industry of Current Parent: computers
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.