secwatch.observer — SEC 8-K summary
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Issuer:     Penguin Solutions, Inc. (PENG)
CIK:        0001616533
Form:       8-K
Filed at:   2022-08-23T23:59:59+00:00
Accession:  0001193125-22-227504
Event type: leadership
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SGH appoints AMD CTO Mark Papermaster as independent board member
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- Mark Papermaster joined SGH board effective August 22, 2022.
- Papermaster is CTO and EVP of Technology and Engineering at AMD (Nasdaq: AMD).
- He brings over 35 years of experience including leadership at Cisco, Apple, and IBM.
- He will receive standard director compensation of $60,000 annually plus RSU grants.
- He also entered into SGH's standard indemnification agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1616533/000119312522227504/0001193125-22-227504-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1616533/000119312522227504/d372618d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-227504

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