Super Micro Delays FY 2024 Form 10-K Filing; Stock Drops 8% to 10%

Aug 28, 2024, 01:08 PM

Super Micro Computer Inc. has announced a delay in filing its Form 10-K for the fiscal year 2024. The company cited the need for additional time to assess its internal controls over financial reporting as the reason for the delay. As a result, Super Micro plans to submit a Notification of Late Filing on Form 12b-25 by August 30, 2024. The company's stock has reacted negatively to the news, dropping between 8% and 10% in pre-market trading, including a 9% drop in early trading. No updates have been made to the fiscal year and quarter results announced earlier.