SEC Filing Summary: SMART Global Holdings, Inc.
Business Context and Reporting Period
This Form 8-K was filed by SMART Global Holdings, Inc. (SGH), a Cayman Islands exempted company, on September 28, 2021, reporting events occurring on September 24, 2021. The company's Class shares trade on the Nasdaq Global Select Market under the symbol "SGH".
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance changes and does not contain financial performance data.
Material Changes
The primary material change reported is the appointment of Penelope Herscher to the Board of Directors, effective September 24, 2021. She has also been appointed to the Nominating and Corporate Governance Committee.
Management Commentary and Compensation
Ms. Herscher's non-employee director compensation includes:
- Annual cash retainer of $60,000 for Board service.
- Annual cash retainer of $5,000 for committee service.
A press release announcing this appointment is attached as Exhibit 99.1. The filing contains no specific guidance, outlook, or discussion of risks and contingencies beyond the standard disclosure of the appointment.
Investor Verification Checklist
- Verify the effective date of Penelope Herscher's board appointment (September 24, 2021).
- Confirm the total annual cash compensation structure ($65,000 combined retainers).
- Review the attached press release (Exhibit 99.1) for additional biographical details on the new director.
- Note that this filing does not contain updated financial results; refer to the most recent 10-Q or 10-K for financial metrics.