Every 8-K that SMART Global Holdings, Inc. (SGH) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow SGH and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SGH filings page.
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 (Nasdaq:SGH) entered into a new $400 million senior-secured revolving credit facility with JPMorgan on June 24, 2025, maturing June 24, 2030.
The company immediately drew $100 million and, together with $200 million of cash, fully repaid and terminated its prior 2022 credit agreement that carried a $300 million term loan A and a $250 million revolver due 2027.
Borrowings price at either Term SOFR or base rate plus a 0.25 %–3.00 % margin tied to leverage; unused commitments carry a 0.25 % fee (up to 0.35 %).
Quarter-end covenants include Total Leverage ≤4.5× (5.0× post-acquisition), First-Lien Leverage ≤3.25× and Interest Coverage ≥3.0×, alongside customary restrictions on debt, dividends, M&A and liens. The facility is guaranteed by key U.S. and Cayman subsidiaries and secured by substantially all assets.
The refinancing extends maturities by three years, reduces net debt by $200 million and increases liquidity flexibility.