UNITED STATES OF AMERICA

Before the

SECURITIES AND EXCHANGE COMMISSION

SECURITIES EXCHANGE ACT OF 1934 

Release No. 99237 / December 22, 2023

ADMINISTRATIVE PROCEEDING

File No. 3-19927

In the Matter of

Super Micro Computer, Inc., 

Respondent.

:

:

:

:

:

:

ORDER DIRECTING A SECOND 

DISBURSEMENT OF FAIR FUND

ADMINISTRATIVE PROCEEDING 

File No. 3-19928

In the Matter of

Howard Hideshima,

Respondent.

:

:

:

:

:

:

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.
2

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, all timely submitted claims 

have been processed by the Fund Administrator, and the third-party independent review has been 

completed in accordance with paragraph 77 of the Amended Plan. All investors whose claims 

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

On September 22, 2023, the Commission issued an Order Directing Disbursement of Fair 

Fund (“Disbursement Order”) directing the disbursement of $17,593,975.87 from the Fair Fund 

to the Fair Fund’s escrow account at The Huntington National Bank (the “Escrow Account”) for 

distribution by the Fund Administrator in accordance with the Plan. Pursuant to the 

Disbursement Order, the Fund Administrator has successfully disbursed $17,593,975.87 in 

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. 
3

accordance with the Amended Plan (the “First Disbursement”); outreach on the First 

Disbursement is ongoing. Excluding the amount of the First Disbursement, as of November 28, 

2023, the Fair Fund held $882,784.22. 

The Fund Administrator excluded from the First Distribution certain Potential Claimants 

pending the solicitation and return of certain tax related documentation. That process is now 

complete, and the Fund Administrator recommends distribution of $95,201.35 to seven (7) 

additional Eligible Claimants. 

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

these additional Eligible Claimants to the 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 

$95,201.35 from the Fair Fund to the Fair Fund’s escrow account at The Huntington National 

Bank for distribution by the Fund Administrator in accordance with the Amended Plan. 

Accordingly, it is hereby ORDERED that Commission staff shall transfer $95,201.35 

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).