---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-191480"
form_type: "8-K"
ticker: "PENG"
cik: "0001616533"
company_name: "Penguin Solutions, Inc."
filed_at: "2023-07-21T23:59:59+00:00"
generated_at: "2026-06-13T04:58:29.630572+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Thierry Pellegrino departs as SVP & President, Intelligent Platform Solutions, enters consulting transition

## Summary
- Thierry Pellegrino ceased as SVP and President, Intelligent Platform Solutions, effective June 27, 2023.
- His employment terminated on July 18, 2023, and he entered a transition and separation agreement.
- He will provide consulting services through January 31, 2024, subject to earlier termination.
- Unvested time-based equity awards will continue to vest during the consulting period.
- Severance per prior employment offer letter in exchange for a general release of claims.

## SEC filing metadata
- accession: 0001193125-23-191480
- form_type: 8-K
- ticker: PENG
- cik: 0001616533
- company_name: Penguin Solutions, Inc.
- filed_at: 2023-07-21T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1616533/000119312523191480/0001193125-23-191480-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1616533/000119312523191480/d495300d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-191480
- JSON: https://secwatch.observer/filing/0001193125-23-191480.json
- Plain text: https://secwatch.observer/filing/0001193125-23-191480.txt

## Key facts
- Executive change
  Thierry Pellegrino departed as Senior Vice President and President, Intelligent Platform Solutions at Penguin Solutions, Inc..
  - Action: ceased serving
  - Role: Senior Vice President and President, Intelligent Platform Solutions
  source text: the Board of Directors (the “Board”) of SMART Global Holdings, Inc. (the “Company”) announced that Thierry Pellegrino ceased serving as the Company’s Senior Vice President and President, Intelligent Platform Solutions, effective as of June 27, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1616533/000119312523191480/0001193125-23-191480-index.htm

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