A special committee’s decision to find “no evidence of misconduct” at the troubled AI server manufacturer and the appointment of a new chief accounting officer caused Super Micro Computer to jump more than 14%.
In a statement, the business stated that the Special Committee’s analysis of the evidence did not reveal any serious issues about the honesty of Supermicro’s senior management or Audit Committee, or their dedication to making sure the company’s financial statements are materially correct.
Super Micro stated that it is presently seeking to fill other financial leadership roles and is in the process of hiring a new chief financial officer.
Current Corporate Controller and Vice President of Finance Kenneth Cheung was named the company’s top accountant.
Source (CNBC)
