---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-138236"
form_type: "8-K"
ticker: "PENG"
cik: "0001616533"
company_name: "Penguin Solutions, Inc."
filed_at: "2024-05-14T23:59:59+00:00"
generated_at: "2026-06-02T00:51:20.044366+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# SGH CFO Ken Rizvi to resign June 30; COO Jack Pacheco named interim CFO

## Summary
- Ken Rizvi resigns as CFO effective June 30, 2024 to pursue another opportunity; no dispute with company.
- Jack Pacheco, current COO and former CFO, becomes interim CFO; no new compensatory arrangements.
- SGH reaffirms Q3 FY2024 financial guidance provided on April 9, 2024; no change to outlook.
- CEO Mark Adams thanked Rizvi; search for permanent CFO is underway.

## SEC filing metadata
- accession: 0001193125-24-138236
- form_type: 8-K
- ticker: PENG
- cik: 0001616533
- company_name: Penguin Solutions, Inc.
- filed_at: 2024-05-14T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1616533/000119312524138236/0001193125-24-138236-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1616533/000119312524138236/d839358d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-138236
- JSON: https://secwatch.observer/filing/0001193125-24-138236.json
- Plain text: https://secwatch.observer/filing/0001193125-24-138236.txt

## Key facts
- Executive change
  Jack Pacheco was appointed as Interim Chief Financial Officer at Penguin Solutions, Inc..
  - Action: appointed
  - Role: Interim Chief Financial Officer
  source text: Effective upon Mr. Rizvi’s departure, Jack Pacheco, the Company’s former CFO and current chief operating officer and president of Memory Solutions, will assume the role of interim CFO and serve as the Company’s principal financial and accounting officer on an interim basis until the Company appoints a permanent successor.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1616533/000119312524138236/0001193125-24-138236-index.htm
- Executive change
  Ken Rizvi resigned as Senior Vice President and Chief Financial Officer at Penguin Solutions, Inc..
  - Action: resigned
  - Role: Senior Vice President and Chief Financial Officer
  source text: On May 8, 2024, Ken Rizvi notified SMART Global Holdings, Inc. (the “Company”) that after over three years as the Company’s senior vice president and chief financial officer (“CFO”), he intends to resign to pursue another opportunity.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1616533/000119312524138236/0001193125-24-138236-index.htm

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