@aitrus00
For what it's worth, i've run many Supermicro server boards, and one of mine behaves almost exactly like what you describe from a cold boot. This might be because this particular system doesn't use a Supermicro OEM power supply. However I also am using a Seasonic X750 (single 12V rail) on this system that's been running 24/7 for almost 8 years now.
This system is loaded with eight 4tb 7.2k drives and eight 600g 10k drives with 32gb ECC and many add-in cards. So the cold boot start-up load is there.
When I cold boot this system, I've found that after power on I'll have to press the RESET switch at least once (maybe twice) and then it'll continue to POST. Warm boots never have this problem.
The only other thing I can suggest that you do over, is remove the CPU heatsink, re-apply minimal thermal paste, and make you that you DON'T over tighten the heatsink. It needs to be snug, and don't bottom out the threads. Try it, you may be surprised that it actually works...
Good luck