secwatch.observer — SEC 8-K summary
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Issuer:     Penguin Solutions, Inc. (PENG)
CIK:        0001616533
Form:       8-K
Filed at:   2023-07-21T23:59:59+00:00
Accession:  0001193125-23-191480
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1616533/000119312523191480/0001193125-23-191480-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1616533/000119312523191480/d495300d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-191480

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