[8-K] SMART Global Holdings, Inc. Ordinary Shares Reports Material Event
PENGUIN SOLUTIONS, INC. (Nasdaq: PENG, f/k/a SMART Global Holdings – SGH) filed an 8-K dated 28 Jul 2025 announcing several leadership changes.
- Item 5.02: Pete Manca has ceased serving as SVP & President, Advanced Computing. Separation benefits are governed by his amended offer letter referenced in the 20 Dec 2024 proxy.
- Item 7.01: A press release (Ex. 99.1) discloses two incoming executives: Tony Frey joins as SVP & Chief Revenue Officer effective 25 Aug 2025, and Ted Gillick becomes SVP, Strategy & Corporate Development effective 4 Aug 2025. The release is furnished, not filed, and therefore is not subject to Exchange Act §18 liability.
No financial results, guidance, or transaction details are included. The filing is limited to governance updates and does not revise prior financial statements.
PENGUIN SOLUTIONS, INC. (Nasdaq: PENG, precedentemente nota come SMART Global Holdings – SGH) ha presentato un modulo 8-K datato 28 luglio 2025 annunciando diversi cambiamenti nella leadership.
- Voce 5.02: Pete Manca ha cessato di ricoprire il ruolo di SVP e Presidente, Advanced Computing. I benefici di separazione sono regolati dalla sua lettera di offerta modificata, citata nel proxy del 20 dicembre 2024.
- Voce 7.01: Un comunicato stampa (Es. 99.1) annuncia due nuovi dirigenti: Tony Frey entra come SVP e Chief Revenue Officer con effetto dal 25 agosto 2025, mentre Ted Gillick assume il ruolo di SVP, Strategy & Corporate Development a partire dal 4 agosto 2025. Il comunicato è fornito, non depositato, e quindi non soggetto alla responsabilità ai sensi della Sezione 18 del Exchange Act.
Non sono inclusi risultati finanziari, previsioni o dettagli di transazioni. La comunicazione si limita ad aggiornamenti di governance e non modifica i bilanci precedenti.
PENGUIN SOLUTIONS, INC. (Nasdaq: PENG, anteriormente SMART Global Holdings – SGH) presentó un formulario 8-K fechado el 28 de julio de 2025 anunciando varios cambios en la dirección.
- Artículo 5.02: Pete Manca ha dejado de desempeñarse como SVP y Presidente de Advanced Computing. Los beneficios por separación están regulados por su carta de oferta enmendada, mencionada en el proxy del 20 de diciembre de 2024.
- Artículo 7.01: Un comunicado de prensa (Ex. 99.1) revela dos ejecutivos entrantes: Tony Frey se incorpora como SVP y Chief Revenue Officer con efecto el 25 de agosto de 2025, y Ted Gillick asume como SVP de Estrategia y Desarrollo Corporativo a partir del 4 de agosto de 2025. El comunicado se proporciona, no se presenta oficialmente, y por lo tanto no está sujeto a responsabilidad bajo la Sección 18 del Exchange Act.
No se incluyen resultados financieros, pronósticos ni detalles de transacciones. La presentación se limita a actualizaciones de gobernanza y no modifica estados financieros anteriores.
PENGUIN SOLUTIONS, INC. (나스닥: PENG, 이전 명칭 SMART Global Holdings – SGH)는 2025년 7월 28일자 8-K 보고서를 제출하며 여러 리더십 변동을 발표했습니다.
- 항목 5.02: Pete Manca가 Advanced Computing 부문 SVP 겸 사장직에서 퇴임했습니다. 퇴직 관련 혜택은 2024년 12월 20일 대리서류에 명시된 수정된 제안서에 따릅니다.
- 항목 7.01: 보도자료(Ex. 99.1)를 통해 두 명의 신규 임원이 공개되었습니다: Tony Frey는 2025년 8월 25일부로 SVP 겸 최고매출책임자(CRO)로 합류하며, Ted Gillick는 2025년 8월 4일부터 SVP, 전략 및 기업개발 담당으로 임명됩니다. 해당 보도자료는 제출된 것이 아니라 제공된 것으로, 따라서 Exchange Act §18에 따른 책임 대상이 아닙니다.
재무 실적, 전망, 거래 내역은 포함되어 있지 않습니다. 이번 제출은 거버넌스 업데이트에 국한되며 이전 재무제표를 수정하지 않습니다.
PENGUIN SOLUTIONS, INC. (Nasdaq : PENG, anciennement SMART Global Holdings – SGH) a déposé un formulaire 8-K daté du 28 juillet 2025 annonçant plusieurs changements au sein de la direction.
- Point 5.02 : Pete Manca a cessé ses fonctions de SVP et Président, Advanced Computing. Les avantages liés à la séparation sont régis par sa lettre d’offre modifiée mentionnée dans la procuration du 20 décembre 2024.
- Point 7.01 : Un communiqué de presse (Ex. 99.1) dévoile deux nouveaux cadres : Tony Frey rejoint l’entreprise en tant que SVP et Chief Revenue Officer à compter du 25 août 2025, et Ted Gillick devient SVP, Strategy & Corporate Development à partir du 4 août 2025. Le communiqué est fourni, non déposé, et n’est donc pas soumis à la responsabilité en vertu de la section 18 du Exchange Act.
Aucun résultat financier, prévision ou détail de transaction n’est inclus. Le dépôt se limite aux mises à jour de gouvernance et ne modifie pas les états financiers antérieurs.
PENGUIN SOLUTIONS, INC. (Nasdaq: PENG, ehemals SMART Global Holdings – SGH) hat am 28. Juli 2025 ein 8-K eingereicht, in dem mehrere Führungswechsel bekanntgegeben wurden.
- Position 5.02: Pete Manca hat seine Tätigkeit als SVP & Präsident, Advanced Computing, beendet. Die Trennungsleistungen richten sich nach seinem geänderten Angebotsbrief, der im Proxy vom 20. Dezember 2024 erwähnt wird.
- Position 7.01: Eine Pressemitteilung (Ex. 99.1) gibt zwei neue Führungskräfte bekannt: Tony Frey wird ab dem 25. August 2025 als SVP & Chief Revenue Officer tätig sein, und Ted Gillick übernimmt ab dem 4. August 2025 die Position des SVP, Strategy & Corporate Development. Die Mitteilung wird bereitgestellt, nicht eingereicht, und unterliegt daher nicht der Haftung nach §18 des Exchange Act.
Finanzielle Ergebnisse, Prognosen oder Transaktionsdetails sind nicht enthalten. Die Meldung beschränkt sich auf Governance-Updates und ändert keine vorherigen Finanzberichte.
- Addition of Chief Revenue Officer (effective 25 Aug 2025) may enhance sales execution and top-line growth.
- Creation of SVP, Strategy & Corporate Development role signals intent to pursue disciplined expansion and M&A.
- Departure of Senior VP & President, Advanced Computing removes leadership from a key business unit, posing execution risk until a successor is named.
Insights
TL;DR: Neutral leadership shuffle; one senior exit offset by two strategic hires.
The departure of Pete Manca removes an experienced head of Advanced Computing, a core growth segment. However, simultaneously installing a CRO and a Strategy & Corp-Dev head should strengthen go-to-market execution and M&A planning. Because no compensation terms, succession rationale, or strategic roadmap were disclosed, material impact on operations and valuation is currently indeterminate. Investors should monitor Q4 commentary for any revenue dislocation in Advanced Computing and assess the new CRO’s ability to accelerate sales.
PENGUIN SOLUTIONS, INC. (Nasdaq: PENG, precedentemente nota come SMART Global Holdings – SGH) ha presentato un modulo 8-K datato 28 luglio 2025 annunciando diversi cambiamenti nella leadership.
- Voce 5.02: Pete Manca ha cessato di ricoprire il ruolo di SVP e Presidente, Advanced Computing. I benefici di separazione sono regolati dalla sua lettera di offerta modificata, citata nel proxy del 20 dicembre 2024.
- Voce 7.01: Un comunicato stampa (Es. 99.1) annuncia due nuovi dirigenti: Tony Frey entra come SVP e Chief Revenue Officer con effetto dal 25 agosto 2025, mentre Ted Gillick assume il ruolo di SVP, Strategy & Corporate Development a partire dal 4 agosto 2025. Il comunicato è fornito, non depositato, e quindi non soggetto alla responsabilità ai sensi della Sezione 18 del Exchange Act.
Non sono inclusi risultati finanziari, previsioni o dettagli di transazioni. La comunicazione si limita ad aggiornamenti di governance e non modifica i bilanci precedenti.
PENGUIN SOLUTIONS, INC. (Nasdaq: PENG, anteriormente SMART Global Holdings – SGH) presentó un formulario 8-K fechado el 28 de julio de 2025 anunciando varios cambios en la dirección.
- Artículo 5.02: Pete Manca ha dejado de desempeñarse como SVP y Presidente de Advanced Computing. Los beneficios por separación están regulados por su carta de oferta enmendada, mencionada en el proxy del 20 de diciembre de 2024.
- Artículo 7.01: Un comunicado de prensa (Ex. 99.1) revela dos ejecutivos entrantes: Tony Frey se incorpora como SVP y Chief Revenue Officer con efecto el 25 de agosto de 2025, y Ted Gillick asume como SVP de Estrategia y Desarrollo Corporativo a partir del 4 de agosto de 2025. El comunicado se proporciona, no se presenta oficialmente, y por lo tanto no está sujeto a responsabilidad bajo la Sección 18 del Exchange Act.
No se incluyen resultados financieros, pronósticos ni detalles de transacciones. La presentación se limita a actualizaciones de gobernanza y no modifica estados financieros anteriores.
PENGUIN SOLUTIONS, INC. (나스닥: PENG, 이전 명칭 SMART Global Holdings – SGH)는 2025년 7월 28일자 8-K 보고서를 제출하며 여러 리더십 변동을 발표했습니다.
- 항목 5.02: Pete Manca가 Advanced Computing 부문 SVP 겸 사장직에서 퇴임했습니다. 퇴직 관련 혜택은 2024년 12월 20일 대리서류에 명시된 수정된 제안서에 따릅니다.
- 항목 7.01: 보도자료(Ex. 99.1)를 통해 두 명의 신규 임원이 공개되었습니다: Tony Frey는 2025년 8월 25일부로 SVP 겸 최고매출책임자(CRO)로 합류하며, Ted Gillick는 2025년 8월 4일부터 SVP, 전략 및 기업개발 담당으로 임명됩니다. 해당 보도자료는 제출된 것이 아니라 제공된 것으로, 따라서 Exchange Act §18에 따른 책임 대상이 아닙니다.
재무 실적, 전망, 거래 내역은 포함되어 있지 않습니다. 이번 제출은 거버넌스 업데이트에 국한되며 이전 재무제표를 수정하지 않습니다.
PENGUIN SOLUTIONS, INC. (Nasdaq : PENG, anciennement SMART Global Holdings – SGH) a déposé un formulaire 8-K daté du 28 juillet 2025 annonçant plusieurs changements au sein de la direction.
- Point 5.02 : Pete Manca a cessé ses fonctions de SVP et Président, Advanced Computing. Les avantages liés à la séparation sont régis par sa lettre d’offre modifiée mentionnée dans la procuration du 20 décembre 2024.
- Point 7.01 : Un communiqué de presse (Ex. 99.1) dévoile deux nouveaux cadres : Tony Frey rejoint l’entreprise en tant que SVP et Chief Revenue Officer à compter du 25 août 2025, et Ted Gillick devient SVP, Strategy & Corporate Development à partir du 4 août 2025. Le communiqué est fourni, non déposé, et n’est donc pas soumis à la responsabilité en vertu de la section 18 du Exchange Act.
Aucun résultat financier, prévision ou détail de transaction n’est inclus. Le dépôt se limite aux mises à jour de gouvernance et ne modifie pas les états financiers antérieurs.
PENGUIN SOLUTIONS, INC. (Nasdaq: PENG, ehemals SMART Global Holdings – SGH) hat am 28. Juli 2025 ein 8-K eingereicht, in dem mehrere Führungswechsel bekanntgegeben wurden.
- Position 5.02: Pete Manca hat seine Tätigkeit als SVP & Präsident, Advanced Computing, beendet. Die Trennungsleistungen richten sich nach seinem geänderten Angebotsbrief, der im Proxy vom 20. Dezember 2024 erwähnt wird.
- Position 7.01: Eine Pressemitteilung (Ex. 99.1) gibt zwei neue Führungskräfte bekannt: Tony Frey wird ab dem 25. August 2025 als SVP & Chief Revenue Officer tätig sein, und Ted Gillick übernimmt ab dem 4. August 2025 die Position des SVP, Strategy & Corporate Development. Die Mitteilung wird bereitgestellt, nicht eingereicht, und unterliegt daher nicht der Haftung nach §18 des Exchange Act.
Finanzielle Ergebnisse, Prognosen oder Transaktionsdetails sind nicht enthalten. Die Meldung beschränkt sich auf Governance-Updates und ändert keine vorherigen Finanzberichte.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 28, 2025, Pete Manca ceased serving as Senior Vice President and President, Advanced Computing of Penguin Solutions, Inc. (the “Company”). For a description of Mr. Manca’s separation benefits under his amended and restated employment offer letter with the Company, see the Company’s Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on December 20, 2024.
Item 7.01 Regulation FD Disclosure.
A copy of the Company’s press release announcing the appointments of Tony Frey as Senior Vice President and Chief Revenue Officer of the Company, effective August 25, 2025, and Ted Gillick as Senior Vice President of Strategy and Corporate Development, effective August 4, 2025, is attached hereto as Exhibit 99.1 and is incorporated by reference.
The information furnished pursuant to Item 7.01 of this Form 8-K, including the information contained in Exhibit 99.1 of this Form 8-K, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. |
Description | |
| 99.1 | Press release titled “Penguin Solutions Announces Leadership Changes,” dated July 29, 2025 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: July 29, 2025 | Penguin Solutions, Inc. | |||||
| By: | /s/ Anne Kuykendall | |||||
| Anne Kuykendall | ||||||
| Senior Vice President and Chief Legal Officer | ||||||
3
FAQ
What executive left Penguin Solutions (SGH)?
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When will Ted Gillick join Penguin Solutions?
Does the 8-K include financial results or guidance?
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