Penguin Solutions Files 8-K/A Amendment
Ticker: PENG · Form: 8-K/A · Filed: Oct 16, 2024 · CIK: 1616533
| Field | Detail |
|---|---|
| Company | Penguin Solutions, Inc. (PENG) |
| Form Type | 8-K/A |
| Filed Date | Oct 16, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.03, $300,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: amendment, financial-condition, operations
TL;DR
Penguin Solutions filed an amendment to its financial report - check for updates on operations.
AI Summary
Penguin Solutions, Inc. filed an amendment (8-K/A) on October 16, 2024, to its report originally filed on October 15, 2024. The amendment pertains to Item Information regarding Results of Operations and Financial Condition. The company, formerly known as SMART Global Holdings, Inc., is incorporated in the Cayman Islands and operates in the Semiconductors & Related Devices industry.
Why It Matters
This filing indicates an update or correction to Penguin Solutions' financial reporting, which could impact investor understanding of the company's operational and financial status.
Risk Assessment
Risk Level: low — This is an amendment to a previous filing, likely for clarification or correction, rather than a new material event.
Key Numbers
- 001-38102 — Commission File Number (Identifies the specific SEC filing for Penguin Solutions, Inc.)
- 98-1013909 — IRS Employer Identification No. (Tax identification number for the company.)
Key Players & Entities
- Penguin Solutions, Inc. (company) — Registrant
- SMART Global Holdings, Inc. (company) — Former Name
- October 15, 2024 (date) — Date of earliest event reported
- October 16, 2024 (date) — Date of Report (Amendment filing date)
- 001-38102 (other) — Commission File Number
- 98-1013909 (other) — I.R.S. Employer Identification No.
- 3674 (other) — Standard Industrial Classification Code for Semiconductors & Related Devices
FAQ
What specific information was amended in the 8-K/A filing?
The filing is an amendment to the report originally filed on October 15, 2024, concerning 'Results of Operations and Financial Condition'. The specific details of the amendment are not provided in this header information.
What is the primary business of Penguin Solutions, Inc.?
Penguin Solutions, Inc. is classified under Standard Industrial Classification code 3674, which corresponds to 'SEMICONDUCTORS & RELATED DEVICES'.
When was Penguin Solutions, Inc. formerly known as?
Penguin Solutions, Inc. was formerly known as SMART Global Holdings, Inc.
In which jurisdiction is Penguin Solutions, Inc. incorporated?
Penguin Solutions, Inc. is incorporated in the Cayman Islands.
What is the principal executive office address for Penguin Solutions, Inc.?
The principal executive offices are located at c/o Walkers Corporate Limited, 190 Elgin Avenue, George Town, Grand Cayman, Cayman Islands KY1-9008.
Filing Stats: 548 words · 2 min read · ~2 pages · Grade level 10.7 · Accepted 2024-10-16 06:16:52
Key Financial Figures
- $0.03 — e on which registered Ordinary shares, $0.03 par value per share PENG Nasdaq Global
- $300,000 — the line item "Other" in the amount of $300,000 for both the three months and fiscal ye
Filing Documents
- peng-20241015.htm (8-K/A) — 20KB
- peng-20241015_g1.jpg (GRAPHIC) — 70KB
- 0001628280-24-042888.txt ( ) — 294KB
- peng-20241015.xsd (EX-101.SCH) — 2KB
- peng-20241015_lab.xml (EX-101.LAB) — 23KB
- peng-20241015_pre.xml (EX-101.PRE) — 13KB
- peng-20241015_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On October 15, 2024, the Company issued a press release announcing its financial results for the fourth quarter and full year fiscal 2024. A copy of the press release was attached to the Form 8-K as Exhibit 99.1. The Company subsequently discovered that the earnings release contained an error in the Reconciliation of GAAP to Non-GAAP Measures table. The reconciliation of "GAAP gross profit" to "Non-GAAP gross profit" inadvertently omitted the line item "Other" in the amount of $300,000 for both the three months and fiscal year ended August 30, 2024, which should have appeared below the line item "Cost of sales-related restructure." The "Non-GAAP gross profit" line item as well as all other line items in the reconciliation table were correct. 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: October 16, 2024 Penguin Solutions, Inc. By: /s/ Nate Olmstead Nate Olmstead Senior Vice President and Chief Financial Officer (Principal Financial and Accounting Officer) 3