Super Micro Slides on 10-K Delay Following Hindenburg Report
- Delay follows Hindenburg short alleging ‘accounting red flags’
- Shares of the server maker tumbled after trading opened
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Super Micro Computer Inc. said it will delay filing its annual financial disclosures, setting off the stock’s largest intraday decline in almost six years.
The San Jose, California-based server maker requires additional time “to complete its assessment of the design and operating effectiveness of its internal controls over financial reporting,” the company said in a filing Wednesday morning.