{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-21-356865","form_type":"8-K","ticker":"PENG","cik":"0001616533","company_name":"Penguin Solutions, Inc.","filed_at":"2021-12-14T23:59:59+00:00","discovered_at":"2026-05-14T18:04:13.333647+00:00","generated_at":"2026-06-28T01:18:33.426509+00:00","sec_items":["1.01","5.02","8.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"SGH board: co-founders Shah, Patel and Silver Lake director White to step down; Q2 guidance reaffirmed","bullets":["Co-founders Ajay Shah and Mukesh Patel will not stand for re-election at Feb 2022 annual meeting.","Jason White, Silver Lake-nominated director, also steps down after Silver Lake sold its stake.","Shah will serve as consultant until 2023 annual meeting; unvested equity continues to vest.","Remaining board fully independent except CEO Mark Adams; one-third women.","Company reaffirms Q2 fiscal 2022 financial outlook; no changes to prior guidance."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-21-356865","json":"https://secwatch.observer/filing/0001193125-21-356865.json","markdown":"https://secwatch.observer/filing/0001193125-21-356865.md","text":"https://secwatch.observer/filing/0001193125-21-356865.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1616533/000119312521356865/0001193125-21-356865-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1616533/000119312521356865/d270664d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-28T01:18:33.426509+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"413d3df0b5","claim":"Ajay Shah departed as Chair of the Board at Penguin Solutions, Inc..","evidence_excerpt":"Ajay Shah, the Company’s co-founder and chair of the board of directors of the Company (the “Board”), will not stand for re-election to the Board at the Company’s annual general meeting of shareholders to be held on February 11, 2022","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1616533/000119312521356865/0001193125-21-356865-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"will not stand for re-election"},{"label":"Role","value":"Chair of the Board"}],"fact_type":"executive_change"},{"claim_id":"cd50e3ef73","claim":"Mukesh Patel resigned as Director at Penguin Solutions, Inc..","evidence_excerpt":"Mukesh Patel notified the Company of his intention to resign from the Board, effective as of the 2022 Annual Meeting.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1616533/000119312521356865/0001193125-21-356865-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}