{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-033616","form_type":"8-K","ticker":"PENG","cik":"0001616533","company_name":"Penguin Solutions, Inc.","filed_at":"2026-02-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.649313+00:00","generated_at":"2026-05-16T05:36:47.655375+00:00","sec_items":["5.02","7.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Penguin Solutions CEO Mark Adams retires; Kash Shaikh appointed as new CEO effective Feb 2, 2026","bullets":["Mark Adams resigned as President & CEO and Board member effective Feb 1, 2026; will serve as advisor for 9 months at $24,722/month.","Kash Shaikh appointed President & CEO and Class III director effective Feb 2, 2026; previously CEO of Securonix.","Shaikh's compensation: $890k base salary, 125% target bonus, $2M sign-on bonus, and RSU/PSU equity grants.","Equity awards include 238,188 time-based RSUs, 137,898 supplemental RSUs, 137,898 TSR PSUs, and 238,188 stock price PSUs.","Transition agreement includes continued vesting of Adams' time-based equity awards during consulting period."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-033616","json":"https://secwatch.observer/filing/0001193125-26-033616.json","markdown":"https://secwatch.observer/filing/0001193125-26-033616.md","text":"https://secwatch.observer/filing/0001193125-26-033616.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1616533/000119312526033616/0001193125-26-033616-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1616533/000119312526033616/d93293d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T05:36:47.655375+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}