had called the loans due. Liang’s sister-in-law forgave the $3.1 million balance of the loan in 2021. The company’s most recent proxy statement shows that Liang still owes his sister-in-law $16 million.
Super Micro has also disclosed several related party transactions involving its executives and their family members. These transactions include loans, leases, and other financial arrangements. The company has emphasized that these transactions were conducted at arm’s length and in the ordinary course of business.
In light of these recent developments, Super Micro’s future remains uncertain. The ongoing investigation by the special committee, the abrupt resignation of its auditor, and the looming threat of SEC investigation all point to potential trouble ahead for the once high-flying tech company. Investors will be closely watching how Super Micro navigates these challenges and whether it can regain the trust of the market and regulators.