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Investing.com -- Super Micro Computer (NASDAQ:SMCI) shares traded in choppy fashion after hours Tuesday following the company’s announcement that an independent investigation is underway regarding a March 2026 indictment of three individuals formerly associated with the company.
The investigation stems from Supermicro’s disclosure on March 19, 2026, that two employees and a contractor were indicted in connection with an alleged conspiracy to commit export-control violations. The company is not named as a defendant in the indictment and is not accused of any wrongdoing. The three individuals no longer have any relationship with Supermicro.
The probe is being led by two independent board members, Scott Angel, Lead Independent Director, and Tally Liu, Chair of the Board’s Audit Committee, who will report findings to the other four independent board members. The board’s independent directors have retained law firm Munger, Tolles & Olson, which has also brought in AlixPartners as an independent consultant.
The independent directors have not set a definitive timeline for the investigation. The company said it will provide an update when the investigation is complete and does not intend to comment further until that time.
Alongside the independent investigation, Supermicro initiated an internal review of its Global Trade Compliance Program. The review is being led by Yitai Hu, General Counsel and Senior Vice President. DeAnna Luna, the company’s newly appointed acting Chief Compliance Officer, now reports to the General Counsel.
"Supermicro is committed to protecting America’s advanced technologies and intellectual property," said Charles Liang, president and CEO of Supermicro. "Our internal review and the independent directors’ investigation are being conducted in line with our commitment to ensuring our technology is handled with the highest level of ethical and legal scrutiny."
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