Penguin Solutions
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Penguin Solutions (PENG) investor relations material

Penguin Solutions Proxy Filing summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Proxy Filing summary2 Feb, 2026

Executive summary

  • Annual meeting scheduled for February 6, 2026, via live webcast, with updated proxy materials reflecting recent management changes.

  • Mark Adams retired and resigned as CEO, President, and Class I Director effective February 1, 2026; his resignation was not due to any disagreement with the company.

  • Kash Shaikh appointed as CEO, President, and Class III Director effective February 2, 2026, bringing extensive executive experience from the tech sector.

Voting matters and shareholder proposals

  • Only one nominee, Mark Papermaster, is now standing for election as Class I director for a term ending at the 2029 annual meeting.

  • Votes for Mark Adams as director will be disregarded; all other proxy instructions remain valid.

  • Board recommends voting “FOR” Mark Papermaster’s election.

Board of directors and corporate governance

  • Board composition updated due to Mark Adams’ resignation and Kash Shaikh’s appointment as Class III director.

  • Nominating and Corporate Governance Committee recommended Shaikh’s appointment.

  • No family relationships or material related party transactions involving Shaikh.

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Smart Global Holdings Inc is a technology company that provides specialty memory, storage, and advanced computing solutions. The company serves original equipment manufacturers and enterprises in sectors such as data centers, mobile, industrial, and automotive. Its product offerings include DRAM, flash memory, and AI-enabled computing platforms. Smart Global Holdings Inc is headquartered in Newark, California, and its shares are listed on the NASDAQ.

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