Supermicro Special Committee finds no misconduct, no restatement; appoints CAO, begins CFO search

Super Micro Computer, Inc.

Special Committee investigation concluded no evidence of fraud or misconduct by management or Board.
No restatement of previously reported financials expected.
Kenneth Cheung appointed CAO; search for new CFO, Chief Compliance Officer, and General Counsel commenced.
Process lapses in rehiring former employees found but no bad faith; CFO/CCO had primary responsibility.
Company believes it can file delayed 10-K and 10-Q within Nasdaq's discretionary period.

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