Super Micro clears management of misconduct, appoints new CFO and officials, as shares surge.

Super Micro Computer (SMCI) announced that an independent review found no evidence of misconduct by its management or board. The company will appoint new CFO, chief compliance officer, and general counsel. Despite the positive findings, the company faced scrutiny over governance and transparency issues, including the departure of its auditor, Ernst & Young. Shares of Super Micro surged over 20% on the news.