Penguin Solutions CFO Nate Olmstead to step down; Aaron Johnson named interim CFO; reaffirms FY2026 guidance at high end

Penguin Solutions, Inc.

Nate Olmstead resigns as CFO effective July 8, 2026; will not receive severance as departure is voluntary and not due to disagreements.
Aaron Johnson, VP Finance and Accounting, appointed interim CFO effective July 9, 2026; he brings over 16 years of public company experience.
Company reaffirms full-year fiscal 2026 outlook; expects net sales and diluted EPS at high end of prior ranges due to agentic AI demand.
Third quarter fiscal 2026 results scheduled for release on July 7, 2026.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed (interim)

Aaron Johnson

interim CFO

PENG · Penguin Solutions, Inc.

Effective: 2026-07-09
Filed: June 1, 2026, 4:17 PM ET

On May 31, 2026, the board of directors of the Company appointed Aaron Johnson, the Company’s Vice President, Finance and Accounting, as interim CFO and as the Company’s principal financial and accounting officer, succeeding Mr. Olmstead in these positions effective as of July 9, 2026, on an interim basis until the Company appoints a successor.

Departed

Nate Olmstead

Senior Vice President and Chief Financial Officer

PENG · Penguin Solutions, Inc.

Effective: 2026-07-08
Successor: Aaron Johnson
Filed: June 1, 2026, 4:17 PM ET

On May 26, 2026, Nate Olmstead notified Penguin Solutions, Inc. (the “Company”) of his decision to resign as the Company’s Senior Vice President and Chief Financial Officer (“CFO”), effective as of July 8, 2026, to pursue another opportunity in a different industry.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Aaron Johnson was appointed as interim CFO at Penguin Solutions, Inc..

Action: appointed
Role: interim CFO

Exact text from the filing

On May 31, 2026, the board of directors of the Company appointed Aaron Johnson, the Company’s Vice President, Finance and Accounting, as interim CFO and as the Company’s principal financial and accounting officer, succeeding Mr. Olmstead in these positions effective as of July 9, 2026, on an interim basis until the Company appoints a successor.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Nate Olmstead departed as Senior Vice President and Chief Financial Officer at Penguin Solutions, Inc..

Action: resign
Role: Senior Vice President and Chief Financial Officer

Exact text from the filing

On May 26, 2026, Nate Olmstead notified Penguin Solutions, Inc. (the “Company”) of his decision to resign as the Company’s Senior Vice President and Chief Financial Officer (“CFO”), effective as of July 8, 2026, to pursue another opportunity in a different industry.

View on SEC.gov

Penguin Solutions, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-251467

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