The company also announced it would hire a general counsel, expand its legal department and evaluate training programs around “sales and revenue recognition policies and practices, including the role of accounting personnel in the sales transaction process.”
Liang’s compensation, which includes $1 salary and no bonus, was valued at $28 million.
The Super Micro board saw some directors attend dozens of what the company called “excess meetings,” likely to make decisions about the auditor’s departure and oversee the independent investigation. According to the proxy statement, two directors attended 20 such excess meetings; the board pays directors $2,000 per meeting for each meeting in addition to a regular board meeting up to 10 additional meetings.
Super Micro did not immediately respond to a request for comment.
