UNITED STATES OF AMERICA

Before the

SECURITIES AND EXCHANGE COMMISSION

SECURITIES EXCHANGE ACT OF 1934 

Release No. 98487 / September 22, 2023

ADMINISTRATIVE PROCEEDING

File No. 3-19927

In the Matter of

Super Micro Computer, Inc., 

Respondent.

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ORDER DIRECTING 

DISBURSEMENT OF FAIR FUND

ADMINISTRATIVE PROCEEDING 

File No. 3-19928

In the Matter of

Howard Hideshima,

Respondent.

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On February 3, 2021, the Division of Enforcement, pursuant to delegated authority, 

published a Notice of Proposed Plan of Distribution and Opportunity for Comment (“Notice”),1

pursuant to Rule 1103 of the Commission’s Rules on Fair Fund and Disgorgement Plans 

(“Commission’s Rules”);2and simultaneously posted the Proposed Plan of Distribution (the 

“Proposed Plan”). The Notice advised interested persons that they could obtain a copy of the 

Proposed Plan from the Commission’s public website or by submitting a written request to 

Catherine Pappas, United States Securities and Exchange Commission, One Penn Center, 1617 

1

 Exchange Act Rel. No. 91046 (Feb. 3, 2021).

2

 17 C.F.R. § 201.1103.
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JFK Blvd., Ste. 520, Philadelphia, PA 19103. The Notice also advised that all persons desiring 

to comment on the Proposed Plan could submit their comments, in writing, within 30 days of the 

Notice. The Commission received no comments on the Proposed Plan during the comment 

period. On April 8, 2021, the Division of Enforcement, pursuant to delegated authority, issued 

an order approving the Proposed Plan,3and posted the approved Plan of Distribution (the 

“Plan”). 

Upon implementation of the Plan, the Fund Administrator, in consultation with the 

Commission staff, found an inconsistency in the Plan and on February 7, 2022, the Commission 

issued an order modifying the Plan and ordering the approved Amended Plan of Distribution (the 

“Amended Plan”) be simultaneously posted.4 

The Amended Plan provides for the distribution of the Net Available Fair Fund5to 

harmed investors according to the Plan of Allocation set forth in the Amended Plan. In 

accordance with the Amended Plan, the Claims Bar Date has passed and all timely submitted 

claims have been processed by the Fund Administrator. All investors whose claims have been 

denied, in whole or in part, have been notified and provided the opportunity to cure.

Pursuant to the Amended Plan, the Fund Administrator has submitted the Payee List to 

Commission staff with a reasonable assurances letter as to the completeness and accuracy of the 

information contained therein. The Commission staff has reviewed and accepted the Payee List

and requests, pursuant to Rule 1101(b)(6) of the Commission’s Rules, 17 C.F.R. § 

201.1101(b)(6), that the Commission authorize the transfer of $17,593,975.87 from the Fair 

3

 See Order Approving Plan of Distribution, Exchange Act Rel. No. 91507 (Apr. 8, 2021).

4

 See Order Approving Amended Plan of Distribution, Exchange Act Rel. No. 94170 (Feb. 7, 2022).

5

 Capitalized terms used in this Order but not defined are used as defined in the Amended Plan. 
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Fund to the Fair Fund’s escrow account at The Huntington National Bank, N.A. for distribution 

by the Fund Administrator in accordance with the Amended Plan. 

Accordingly, it is hereby ORDERED that Commission staff shall transfer $17,593,975.87

from the Fair Fund to the Fair Fund’s escrow account at The Huntington National Bank, N.A.

and the Fund Administrator shall distribute such monies in accordance with the Amended Plan.

For the Commission, by the Division of Enforcement, pursuant to delegated authority.6

Vanessa A. Countryman

Secretary 

6

 17 C.F.R. § 200.30-4(a)(21)(v).