Penguin Solutions Announces Executive & Director Changes

Ticker: PENG · Form: 8-K · Filed: 2025-07-29T00:00:00.000Z

Sentiment: neutral

Topics: executive-changes, director-changes, filing

TL;DR

Penguin Solutions shakes up leadership, new execs and directors appointed.

AI Summary

Penguin Solutions, Inc. announced on July 28, 2025, changes in its executive and director positions. The company filed an 8-K report detailing the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for its officers. The filing also includes Regulation FD disclosures and financial statements.

Why It Matters

Changes in key leadership roles can signal shifts in company strategy or operational focus, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: medium — Executive and director changes can introduce uncertainty regarding future strategy and stability.

Key Players & Entities

Penguin Solutions, Inc. (company) — Registrant
SMART Global Holdings, Inc. (company) — Former company name
July 28, 2025 (date) — Date of earliest event reported
001-38102 (other) — Commission File Number
36-5142687 (other) — I.R.S. Employer Identification No.
1390 McCarthy Boulevard (location) — Principal Executive Offices Address
Milpitas, CA (location) — Principal Executive Offices City and State
95035 (other) — Principal Executive Offices Zip Code

FAQ

What specific items are covered in the 8-K filing by Penguin Solutions, Inc.?

The 8-K filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, compensatory arrangements of certain officers, Regulation FD disclosures, and financial statements and exhibits.

When was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing was on July 28, 2025.

What is the Commission File Number for Penguin Solutions, Inc.?

The Commission File Number for Penguin Solutions, Inc. is 001-38102.

Where are Penguin Solutions, Inc.'s principal executive offices located?

Penguin Solutions, Inc.'s principal executive offices are located at 1390 McCarthy Boulevard, Milpitas, CA 95035.

What was Penguin Solutions, Inc. formerly known as?

Penguin Solutions, Inc. was formerly known as SMART Global Holdings, Inc.

From the Filing

0001193125-25-167288.txt : 20250729 0001193125-25-167288.hdr.sgml : 20250729 20250729092018 ACCESSION NUMBER: 0001193125-25-167288 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20250728 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250729 DATE AS OF CHANGE: 20250729 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Penguin Solutions, Inc. CENTRAL INDEX KEY: 0001616533 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing EIN: 365142687 STATE OF INCORPORATION: DE FISCAL YEAR END: 0830 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38102 FILM NUMBER: 251157933 BUSINESS ADDRESS: STREET 1: 1390 MCCARTHY BLVD CITY: MILPITAS STATE: CA ZIP: 95035 BUSINESS PHONE: (510) 623-1231 MAIL ADDRESS: STREET 1: 1390 MCCARTHY BLVD CITY: MILPITAS STATE: CA ZIP: 95035 FORMER COMPANY: FORMER CONFORMED NAME: SMART Global Holdings, Inc. DATE OF NAME CHANGE: 20140813 8-K 1 d48708d8k.htm 8-K 8-K false 0001616533 0001616533 2025-07-28 2025-07-28     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): July 28, 2025       PENGUIN SOLUTIONS, INC. (Exact name of registrant as specified in its charter)     Commission File Number 001-38102   Delaware   36-5142687 (State or Other Jurisdiction of Incorporation or Organization)   (I.R.S. Employer Identification No.)   1390 McCarthy Boulevard   Milpitas , CA   95035 (Address of Principal Executive Offices)   (Zip Code) Registrant’s Telephone Number, Including Area Code: (510) 623-1231 N/A (Former Name or Former Address, if Changed Since Last Report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common stock, $0.03 par value per share   PENG   Nasdaq Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On July 28, 2025, Pete Manca ceased serving as Senior Vice President and President, Advanced Computing of Penguin Solutions, Inc. (the “Company”). For a description of Mr. Manca’s separation benefits under his amended and restated employment offer