Super Micro Slides on 10-K Delay Following Hindenburg Report (1)

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.

Super Micro said it “has not made updates to its results” for the previously reported fiscal year and quarter.

This filing delay comes a day after short-seller Hindenburg Research released a critical report alleging “glaring accounting red flags, evidence of undisclosed related ...