PENG

#1808
Penguin Solutions, Inc. - Common Stock
52.4 5 USD
+0.01%
Market Price
Sektor: Technologie
Basis: USD
Gewinnwährung: USD
Tagesspanne
52.45
52.45
Jahresspanne
16.04
89.86
Tagesänderung
+1.14%
Monatliche Änderung
+8.98%
6 month change
+158.76%
Jahresänderung
+114.61%
Vorheriger Schlusskurs
51.8 6
Open
52.4 5
Tief
52.4 5
Hoch
52.4 5
Volumen
96
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Financials

Übersicht Finanzbericht Statistik Documents

2026

Current report, Q3 FY2026
Penguin Solutions, Inc. current report, Q3 FY2026
8-K
Current report, Q3 FY2026
Penguin Solutions, Inc. current report, Q3 FY2026
8-K
Quarterly report, Q3 FY2026
Penguin Solutions, Inc. quarterly report, Q3 FY2026
10-Q
Current report, Q2 FY2026
Penguin Solutions, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Penguin Solutions, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Penguin Solutions, Inc. current report, Q2 FY2026
8-K
Current report, Q1 FY2026
Penguin Solutions, Inc. current report, Q1 FY2026
8-K
Quarterly report, Q2 FY2026
Penguin Solutions, Inc. quarterly report, Q2 FY2026
10-Q
Current report, Q1 FY2026
Penguin Solutions, Inc. current report, Q1 FY2026
8-K
Current report, Q1 FY2026
Penguin Solutions, Inc. current report, Q1 FY2026
8-K

Penguin Solutions, Inc. current report, Q2 FY2024

Full document

Business Context and Reporting Period

This Form 8-K is a current report filed by SMART Global Holdings, Inc. (not Penguin Solutions, Inc.) on June 26, 2024. The filing discloses the appointment of a new Chief Financial Officer and the immediate resignation of the former CFO.

Key Financial Metrics

This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on executive compensation and personnel changes.

Material Changes

  • Executive Appointment: Nathan Olmstead was appointed Senior Vice President and Chief Financial Officer, effective June 26, 2024.
  • Executive Departure: Ken Rizvi's resignation as CFO was accelerated to take effect immediately prior to Mr. Olmstead's appointment (originally scheduled for June 30, 2024).
  • Compensation Structure:
    • Annual Base Salary: $500,000.
    • Sign-on Bonus: $180,000 (subject to clawback if terminated for cause or resignation without good reason within one year).
    • Target Annual Bonus: 80% of base salary.
    • Equity Grants: Restricted Share Units (RSUs) valued at $1,300,000 vesting over four years; Performance-based RSUs valued at $1,300,000 vesting after three years based on metrics.

Guidance, Outlook, and Risks

The filing contains no financial guidance, outlook, or management commentary regarding business operations. The primary risk disclosed relates to the immediate change in financial leadership and the associated compensation obligations, including severance provisions triggered by termination without cause or resignation for good reason (up to 150% of base salary and bonus plus equity acceleration in change-of-control scenarios).

Investor Verification Checklist

  • Verify the exact vesting schedule and performance metrics for the $2.6 million in total equity grants.
  • Confirm the terms of the "cause" and "good reason" definitions in the Offer Letter to understand severance triggers.
  • Review the upcoming Form 10-Q for the quarter ended May 31, 2024, where the full text of the Offer Letter will be filed as an exhibit.
  • Monitor future filings for any financial impact of the sign-on bonus and accelerated equity vesting on the company's cash flow.