secwatch.observer — SEC 8-K summary
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Issuer:     Penguin Solutions, Inc. (PENG)
CIK:        0001616533
Form:       8-K
Filed at:   2021-09-28T23:59:59+00:00
Accession:  0001193125-21-284987
Event type: leadership
Sentiment:  neutral
Materiality: 0.20
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1616533/000119312521284987/0001193125-21-284987-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1616533/000119312521284987/d208773d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-284987

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer