Micron Technology Inc. Watchdog Report ™ MU (NASDAQ Global) | CIK:723125 | United States | SEC llings The new model for duciary analysis Sep 24, 2021 Jan 1, 2020 Jan 1, 2016 RECENT PERIOD HISTORICAL PERIOD Key Facts 10-Q led on Jul 1, 2021 for period ending Jun 2021 Business address: Boise, Idaho, United States Reporting Irregularities RECENT HISTORICAL Industry: Semiconductor and Related Device Manufacturing (NAICS Financial Restatements 334413) SEC ler status: Large Accelerated Filer as of Jun 2021 Revisions Index member: S&P 500, Russell 1000 Out of Period Adjustments Market Cap: $83.4b as of Sep 24, 2021 Late Filings Annual revenue: $21.4b as of Sep 3, 2020 Impairments Corporate Governance Changes in Accounting Estimates CEO: Sanjay Mehrotra since 2017 Disclosure Controls CFO: David A. Zinsner since 2018 1st level Internal Controls
Board Chairman: Robert E. Switz since 2012 Critical / Key Audit Matters Audit Committee Chair: NOT AVAILABLE Anomalies in the Numbers 2nd level RECENT HISTORICAL Benford's Law Auditor: PricewaterhouseCoopers LLP since 1984 Outside Counsel (most recent): Orrick Herrington & Sutcliffe LLP Beneish M-Score 3rd level Accounting Disclosure Complexity
SEC Reviewer: Cecilia D Blye Securities & Exchange Commission Concerns 4th level RECENT HISTORICAL SEC Oversight
SEC Letters to Management
Revenue Recognition
Non-GAAP Measures Litigation & External Pressures RECENT HISTORICAL Signi cant Litigation
Securities Class Actions
Shareholder Activism
Watchdog Research, Inc., offers both individual and group subscriptions, Cybersecurity data feeds and/or custom company reports to our subscribers. Management Review Subscribe: We have delivered 300,000 public company reports to over RECENT HISTORICAL 27,000 individuals, from over 9,000 investment rms and to 4,000+ public CEO Changes company corporate board members. CFO Changes
How to analyze this company's Watchdog Insider Sales Report? Skip to the last page Pledged Securities
Information in this report is effective Sep 24, 2021 and is taken from the Mergers & Acquisitions company's public nancial and regulatory lings. Latest ling 10-Q led Sales of Assets 07/01/2021. Over 75 accounting and data analysts scrutinize and review crucial information, footnotes, disclosures, etc., from these lings. Material Auditor Assessment facts are captured and processed using our proprietary methods which RECENT HISTORICAL identify key risk factors our readers need to know. Each Watchdog Report Auditor Changes represents 30 or more hours of analysis and processing. Auditor Experience
Accounting and nancial disclosure data from Audit Analytics. Auditor Tenure Executive compensation data from Shore Group and Intrinio. Data from Sharadar. Audit Fees Data from Barchart via Quandl. Non-Audit Fees Data from Exchange Data International via Quandl.
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Overview Reporting Irregularities Anomalies in the Numbers SEC Concerns Litigation & External Pressures Management Review Auditor Assessment Peer Group
Overview
Price and Volume History
This graph shows the price and trading history for Micron. Warning signs and red ags are marked on the graph according to their disclosure dates.
1 May 10, 2021 - Lawsuit: Vervain LLC v. Micron Technology Inc et al 17 Aug 8, 2018 - SEC letters to management
2 Apr 28, 2021 - Lawsuit: Netlist Inc v. Micron Technology Inc et al 18 Jun 26, 2018 - Lawsuit: In Re Dynamic Random Access Memory (DRAM) Direct Purcha…
3 Apr 1, 2021 - Disclosure Controls 19 Apr 27, 2018 - Lawsuit: In Re Dynamic Random Access Memory (DRAM) Indirect Purch…
4 Feb 9, 2021 - Lawsuit: Foote v. Micron Technology Inc et al 20 Feb 5, 2018 - Change in CFO
5 Oct 20, 2020 - Insider Sale 21 Dec 5, 2017 - Lawsuit: Micron Technology Inc v. United Microelectronics Corporation et …
6 Oct 20, 2020 - Insider Sale 22 Dec 1, 2017 - Lawsuit: President and Fellows of Harvard College v. Micron Technology I…
7 Oct 19, 2020 - Impairment 23 Oct 26, 2017 - Disclosure Controls
8 Oct 19, 2020 - Critical / Key Audit Matters 24 Jul 27, 2017 - Change in CEO
9 Oct 19, 2020 - Critical / Key Audit Matters 25 Jun 30, 2017 - Disclosure Controls
10 May 4, 2020 - Lawsuit: Flash-Control LLC v. Micron Technology Inc 26 Mar 29, 2017 - SEC letters to management
11 Dec 20, 2019 - Change in Accounting Estimates 27 Mar 29, 2017 - Revenue Recognition
12 Oct 17, 2019 - Impairment 28 Mar 28, 2017 - Disclosure Controls
13 Oct 17, 2019 - Critical / Key Audit Matters 29 Feb 3, 2017 - Change in CEO
14 Mar 4, 2019 - Lawsuit: Gonzalez v. Mehrotra et al 30 Oct 28, 2016 - Change in Accounting Estimates
15 Jan 23, 2019 - Lawsuit: In re Micron Technology Inc Securities Litigation 31 Oct 13, 2016 - Insider Sale
16 Jan 23, 2019 - Securities Class Actions Lawsuit: In re Micron Technology Inc Securities…
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Noti cations
Important noti cations related to the company are listed here. Noti cations may come from the SEC, exchanges such as the NYSE or NASDAQ, or Watchdog Research. Examples of noti cations include announcements of bankruptcy proceedings, company name changes, and noncompliance with SEC regulations or exchange rules.
There are no noti cations for Micron at least since 2016.
Peer Group
Peer groups are used by companies to benchmark executive compensation and performance. Each company identi es its own peer group. Peer groups vary from company to company.
Peer Group Companies Who Named Micron as a Peer
Company Ticker Market Company Ticker Market Cap Cap
Broadcom Inc. AVGO $208b Nvidia Corp. NVDA $550b
Linde PLC LIN $160b Adobe Inc. ADBE $297b
Qualcomm Inc. QCOM $151b Salesforce Com Inc. CRM $280b
Advanced Micro Devices AMD $128b Cisco Systems, Inc. CSCO $239b
Applied Materials Inc. AMAT $128b Intel Corp. INTC $220b
Anthem, Inc. ANTM $94.5b Texas Instruments Inc. TXN $196b
Lam Research Corp. LRCX $86.9b Qualcomm Inc. QCOM $151b
Micron Technology Inc. MU $83.4b Advanced Micro Devices AMD $128b
Fedex Corp. FDX $60.2b International Business Machines Corp. IBM $123b (IBM) NXP Semiconductors N.V. NXPI $57b
Micron Technology Inc. MU $83.4b
Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Peer Flag Comparison
The return to a company’s stock is not the only measure of executive performance. Ethics matter, and growth can quickly reverse and gains evaporate if a company’s accounting and nancial reporting processes are not fundamentally sound and trustworthy. How does Micron's accounting quality compare to its peer group?
MU PEER GROUPFLAGS MU PEER GROUPFLAGS Reporting Irregularities Litigation & External Pressures
Financial Restatements 9 Signi cant Litigation 9
Revisions 8 1 Securities Class Actions 2 7
Out of Period Adjustments 9 Shareholder Activism 9
Impairments 4 5 Cybersecurity 3 6
Changes in Accounting Estimates 6 3 Management Review
Disclosure Controls 4 5 CEO Changes 4 1 4
Internal Controls 9 CFO Changes 3 5 1
Critical / Key Audit Matters 5 4 Insider Sales 3 6
Pledged Securities 9 Anomalies in the Numbers
Benford's Law 7 2 Mergers & Acquisitions 1 5 3
Beneish M-Score 7 2 Sales of Assets 9
Accounting Disclosure Complexity 3 6 Auditor Assessment
Auditor Changes 9 Securities & Exchange Commission Concerns
SEC Oversight 9 Auditor Experience 9
SEC Letters to Management 9 Auditor Tenure 2 7
Revenue Recognition 5 4 Audit Fees 6 3
Non-GAAP Measures 9 Non-Audit Fees 7 2
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