Super Micro Computer surged more than 15% after a special committee ruled that it found "no evidence of misconduct" at the embattled AI server maker.

Super Micro Computer has begun the search for a new finance chief based on recommendations made by a special committee formed to look into the AI server maker's accounting practices, the company said on Monday.

The investigation took over three months and did find some lapses in processes. As part of the investigating committee’s recommendations, Super Micro will appoint a new chief financial officer, chief compliance officer and general counsel, and has named Kenneth Cheung, previously the vice president of finance, as its new chief accounting officer.