{"schema_version":"secwatch.filing_event.v1","accession":"0001616533-26-000036","form_type":"8-K","ticker":"PENG","cik":"0001616533","company_name":"Penguin Solutions, Inc.","filed_at":"2026-05-18T20:24:08+00:00","discovered_at":"2026-05-18T20:25:00.417661+00:00","generated_at":"2026-05-18T20:25:30.424387+00:00","sec_items":["5.02","7.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"Penguin Solutions appoints David Heard (Nokia exec) to board of directors","bullets":["David Heard, President of Network Infrastructure at Nokia, appointed to board, effective May 18, 2026.","Board size increased to eight members; Heard named Class I director with term through 2029 annual meeting.","Heard granted 4,485 RSUs vesting over ~1.5 years under standard independent director compensation.","Heard brings experience scaling optical networking and AI infrastructure; previously CEO of Infinera.","No material relationships requiring disclosure; Board determined Heard independent per Nasdaq rules."],"urls":{"canonical":"https://secwatch.observer/filing/0001616533-26-000036","json":"https://secwatch.observer/filing/0001616533-26-000036.json","markdown":"https://secwatch.observer/filing/0001616533-26-000036.md","text":"https://secwatch.observer/filing/0001616533-26-000036.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1616533/000161653326000036/0001616533-26-000036-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1616533/000161653326000036/peng-20260518.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T20:25:30.424387+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":[{"claim_id":"09acdd33bc","claim":"David Heard was appointed as Director at Penguin Solutions, Inc..","evidence_excerpt":"On May 18, 2026, the board of directors (the “Board”) of Penguin Solutions, Inc. (the “Company”) increased the authorized size of the Board to eight members, and upon the recommendation of the Nominating and Corporate Governance Committee of the Board, appointed David Heard to the Board and as a member of the Compensation Committee of the Board, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1616533/000161653326000036/0001616533-26-000036-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}