---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-284987"
form_type: "8-K"
ticker: "PENG"
cik: "0001616533"
company_name: "Penguin Solutions, Inc."
filed_at: "2021-09-28T23:59:59+00:00"
generated_at: "2026-06-29T01:01:02.986139+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# SGH appoints Penny Herscher as independent director, effective Sept. 24, 2021

## Summary
- Herscher joins the Board and the Nominating and Corporate Governance Committee.
- She receives $60,000 annual cash retainer for Board service and $5,000 for committee service.
- Herscher is chair of Lumentum Holdings Inc. board and former CEO of First Rain, Cadence EVP/CMO.
- CEO Mark Adams cited Herscher's experience and diverse background as adding value to drive growth.

## SEC filing metadata
- accession: 0001193125-21-284987
- form_type: 8-K
- ticker: PENG
- cik: 0001616533
- company_name: Penguin Solutions, Inc.
- filed_at: 2021-09-28T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1616533/000119312521284987/0001193125-21-284987-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1616533/000119312521284987/d208773d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-284987
- JSON: https://secwatch.observer/filing/0001193125-21-284987.json
- Plain text: https://secwatch.observer/filing/0001193125-21-284987.txt

## Key facts
- Executive change
  Penelope Herscher was appointed as Director at Penguin Solutions, Inc..
  - Action: appointed
  - Role: Director
  source text: On September 24, 2021, the Board of Directors (the “Board”) of SMART Global Holdings, Inc., a Cayman Islands exempted company, appointed Penelope Herscher to the Board, effective September 24, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1616533/000119312521284987/0001193125-21-284987-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.