Super Micro Computer Inc. (NASDAQ: SMCI) announced an independent investigation is underway regarding the March 2026 indictment of three individuals formerly associated with the company.

The company disclosed that two employees and a contractor were indicted in connection with an alleged conspiracy to commit export-control violations. Supermicro 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 the company.

The investigation is being led by Scott Angel, Lead Independent Director, and Tally Liu, Chair of the Board's Audit Committee. Both will report findings to the other four independent board members. Angel joined Supermicro's board in 2025 after nearly four decades with Deloitte's Audit and Assurance practice, including 25 years as an audit partner. Liu brings 25 years of experience as a certified public accountant.

The independent directors have retained Munger, Tolles & Olson LLP as external legal counsel for the investigation. The law firm has also retained AlixPartners as an independent consultant for forensic accounting expertise. Both firms will coordinate with BDO USA, P.C., the company's auditor.

No definitive timetable has been set for the investigation. The company stated it will provide an update when the investigation is complete and does not intend to comment further until that time.

Concurrently, Supermicro initiated an internal review of its Global Trade Compliance Program. The review is being led by General Counsel Yitai Hu, with newly appointed acting Chief Compliance Officer DeAnna Luna reporting to him. Findings will be reported directly to the independent directors.

"Supermicro is committed to protecting America's advanced technologies and intellectual property," said Charles Liang, president and CEO.