Business Context and Reporting Period
This Form 8-K reports on events occurring on August 26, 2024, regarding SMART Global Holdings, Inc. (the "Company"). The filing details the results of an Extraordinary General Meeting of shareholders. The Company is incorporated in the Cayman Islands and its ordinary shares trade on the Nasdaq Global Select Market under the symbol SGH.
Key Financial Metrics
This filing is a current report regarding corporate governance and shareholder votes. It does not provide financial data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. Investors should refer to the Company's most recent Form 10-K or 10-Q for financial performance details.
Material Changes and Shareholder Votes
Shareholders approved two key proposals at the meeting held on August 26, 2024. Both proposals are scheduled to become effective on October 15, 2024:
- Proposal No. 1 (Name Change): Approval to change the Company's name from "SMART Global Holdings, Inc." to "Penguin Solutions, Inc."
- Proposal No. 2 (Articles Amendment): Approval to adopt a Third Amended and Restated Memorandum and Articles of Association to reflect the name change and eliminate obsolete provisions.
Voting Results
| Proposal | For | Against | Abstain | Broker Non-Votes |
|---|---|---|---|---|
| Name Change | 44,979,810 | 429,960 | 63,237 | 0 |
| Articles Amendment | 45,001,933 | 404,671 | 66,403 | 0 |
Guidance, Outlook, and Risks
The filing contains no management commentary regarding financial guidance, future outlook, or specific risk factors. The primary operational change noted is the rebranding to Penguin Solutions, Inc., effective October 15, 2024.
Key Facts for Investor Verification
- Verify the effective date of the name change: October 15, 2024.
- Confirm the new corporate name: Penguin Solutions, Inc.
- Note that the trading symbol (SGH) and exchange (Nasdaq Global Select Market) remain unchanged as of this filing.
- Review the definitive proxy statement filed on July 17, 2024, for detailed rationale behind the name change and articles amendment.