[S-8 POS] SMART Global Holdings, Inc. Ordinary Shares SEC Filing
Penguin Solutions, Inc. (ticker: SGH) filed Post-Effective Amendment No. 1 to sixteen previously effective Form S-8 registration statements following completion of its court-approved redomiciliation from the Cayman Islands to the State of Delaware on 30 June 2025. Acting under Rule 414 of the Securities Act, the Delaware successor issuer formally adopts each S-8 as its own, thereby maintaining registration of shares issuable under three employee equity plans: the Amended & Restated 2017 Stock Incentive Plan, 2018 Employee Stock Purchase Plan and 2021 Inducement Plan.
The amendment does not register additional securities; instead it provides that all outstanding awards will settle in Delaware common stock on a one-for-one basis with the former Cayman ordinary shares, preserving both share count and economic rights for plan participants and shareholders. The company continues to qualify as a large accelerated filer and incorporates by reference all historical reports filed by the Cayman entity, plus future Exchange Act filings, ensuring uninterrupted periodic reporting.
The filing also supplies updated governance documents (certificate of incorporation, bylaws) and customary exhibits, restates indemnification provisions for directors and officers under Delaware law, and confirms that directors and officers are covered by D&O insurance. Overall, the amendment is primarily administrative, aligning the company’s equity plans and SEC filings with its new U.S. domicile while leaving capital structure and operating results unchanged.
Penguin Solutions, Inc. (simbolo: SGH) ha presentato l'Emendamento Post-Esecutivo n. 1 a sedici precedenti dichiarazioni di registrazione Form S-8 già efficaci, a seguito del completamento del suo trasferimento di sede legale dalle Isole Cayman allo Stato del Delaware il 30 giugno 2025, approvato dal tribunale. Agendo ai sensi della Regola 414 del Securities Act, l'emittente successore del Delaware adotta formalmente ciascun S-8 come proprio, mantenendo così la registrazione delle azioni emettibili ai sensi di tre piani azionari per dipendenti: il Piano di Incentivi Azionari 2017 Modificato e Riformulato, il Piano di Acquisto Azionario per Dipendenti 2018 e il Piano di Induzione 2021.
L'emendamento non registra titoli aggiuntivi; piuttosto stabilisce che tutti i premi in essere saranno liquidati in azioni ordinarie del Delaware con un rapporto uno a uno rispetto alle precedenti azioni ordinarie delle Cayman, preservando sia il numero di azioni sia i diritti economici per i partecipanti ai piani e gli azionisti. La società continua a qualificarsi come large accelerated filer e incorpora per riferimento tutti i rapporti storici presentati dall'entità delle Cayman, oltre alle future comunicazioni ai sensi dell'Exchange Act, garantendo così una rendicontazione periodica continua.
La presentazione include inoltre documenti aggiornati di governance (certificato di costituzione, statuto) e allegati consueti, riformula le disposizioni di indennizzo per amministratori e dirigenti secondo la legge del Delaware e conferma che amministratori e dirigenti sono coperti da assicurazione D&O. Complessivamente, l'emendamento è principalmente di natura amministrativa, allineando i piani azionari e le comunicazioni SEC della società con la nuova sede legale negli Stati Uniti, senza modificare la struttura del capitale né i risultati operativi.
Penguin Solutions, Inc. (símbolo: SGH) presentó la Enmienda Post-Efectiva N.º 1 a dieciséis declaraciones de registro Formulario S-8 previamente vigentes, tras completar su redomiciliación aprobada por la corte desde las Islas Caimán al Estado de Delaware el 30 de junio de 2025. Actuando bajo la Regla 414 de la Ley de Valores, el emisor sucesor en Delaware adopta formalmente cada S-8 como propio, manteniendo así el registro de acciones emitibles bajo tres planes de acciones para empleados: el Plan de Incentivos de Acciones 2017 Modificado y Reformulado, el Plan de Compra de Acciones para Empleados 2018 y el Plan de Inducción 2021.
La enmienda no registra valores adicionales; en cambio, establece que todos los premios pendientes se liquidarán en acciones ordinarias de Delaware en una base uno a uno con las acciones ordinarias anteriores de las Caimán, preservando tanto el número de acciones como los derechos económicos para los participantes del plan y accionistas. La compañía continúa calificando como large accelerated filer e incorpora por referencia todos los informes históricos presentados por la entidad de las Caimán, además de futuras presentaciones bajo la Exchange Act, asegurando un reporte periódico ininterrumpido.
La presentación también incluye documentos de gobernanza actualizados (certificado de incorporación, estatutos) y anexos habituales, reexpresa las disposiciones de indemnización para directores y oficiales bajo la ley de Delaware, y confirma que directores y oficiales están cubiertos por un seguro D&O. En general, la enmienda es principalmente administrativa, alineando los planes de acciones y las presentaciones ante la SEC con su nueva sede en EE.UU., sin cambiar la estructura de capital ni los resultados operativos.
펭귄 솔루션즈 주식회사 (티커: SGH)는 2025년 6월 30일 법원의 승인을 받은 케이맨 제도에서 델라웨어 주로의 본사 이전 완료에 따라 이전에 효력이 있었던 16개의 Form S-8 등록서류에 대해 사후 효력 수정안 1호를 제출했습니다. 증권법 414조 규정에 따라 델라웨어 후속 발행사는 각 S-8을 공식적으로 자사 서류로 채택하여, 세 가지 직원 주식계획(수정 및 재작성된 2017년 주식 인센티브 계획, 2018년 직원 주식 구매 계획, 2021년 유인 계획)에 따른 발행 가능한 주식 등록을 유지합니다.
이 수정안은 추가 증권을 등록하지 않으며, 기존의 모든 보상은 케이맨 일반주식과 1대1 비율로 델라웨어 일반주식으로 정산됨을 규정하여, 주식 수와 경제적 권리를 계획 참가자 및 주주에게 그대로 보존합니다. 회사는 계속해서 대규모 가속 신고자 자격을 유지하며, 케이맨 법인 시절 제출한 모든 과거 보고서와 앞으로의 거래법 관련 보고서를 참조로 포함하여 연속적인 정기 보고를 보장합니다.
이번 제출에는 업데이트된 거버넌스 문서(설립증명서, 정관)와 일반적인 부속서류가 포함되었으며, 델라웨어 법률에 따른 이사 및 임원에 대한 면책 조항을 재진술하고, 이사 및 임원이 D&O 보험에 가입되어 있음을 확인합니다. 전반적으로 이번 수정안은 주로 행정적 성격으로, 회사의 주식 계획과 SEC 제출 서류를 미국 내 새 본사에 맞게 조정하였으며, 자본 구조와 운영 결과에는 변동이 없습니다.
Penguin Solutions, Inc. (symbole : SGH) a déposé un amendement post-effectif n° 1 à seize déclarations d’enregistrement Formulaire S-8 précédemment en vigueur, suite à l’achèvement de sa redomiciliation des îles Caïmans vers l’État du Delaware le 30 juin 2025, approuvée par le tribunal. Agissant en vertu de la règle 414 du Securities Act, l’émetteur successeur du Delaware adopte formellement chaque S-8 comme le sien, maintenant ainsi l’enregistrement des actions pouvant être émises dans le cadre de trois plans d’actions pour employés : le Plan d’Incitations en Actions 2017 modifié et reformulé, le Plan d’Achat d’Actions pour Employés 2018 et le Plan d’Induction 2021.
L’amendement n’enregistre pas de titres supplémentaires ; il prévoit plutôt que toutes les attributions en cours seront réglées en actions ordinaires du Delaware sur une base un pour un avec les actions ordinaires précédentes des Caïmans, préservant ainsi le nombre d’actions et les droits économiques des participants aux plans et des actionnaires. La société continue de se qualifier en tant que large accelerated filer et incorpore par référence tous les rapports historiques déposés par l’entité des Caïmans, ainsi que les futurs dépôts en vertu de l’Exchange Act, garantissant un reporting périodique ininterrompu.
Le dépôt fournit également des documents de gouvernance mis à jour (certificat de constitution, règlements), des annexes habituelles, reformule les dispositions d’indemnisation des administrateurs et dirigeants selon la loi du Delaware, et confirme que les administrateurs et dirigeants sont couverts par une assurance D&O. Globalement, l’amendement est principalement administratif, alignant les plans d’actions et les dépôts auprès de la SEC avec son nouveau domicile américain tout en laissant la structure du capital et les résultats opérationnels inchangés.
Penguin Solutions, Inc. (Ticker: SGH) hat nach Abschluss seiner gerichtlich genehmigten Umfirmierung von den Kaimaninseln in den Bundesstaat Delaware am 30. Juni 2025 eine Nachwirkende Änderung Nr. 1 zu sechzehn zuvor wirksamen Form S-8-Registrierungsunterlagen eingereicht. Nach Regel 414 des Securities Act übernimmt der Nachfolgeemittent in Delaware formal jede S-8 als eigene und erhält damit die Registrierung von Aktien, die unter drei Mitarbeiterbeteiligungsprogrammen ausgegeben werden können: dem geänderten und neu gefassten Aktienanreizplan 2017, dem Mitarbeiteraktienkaufplan 2018 und dem Induzierungsplan 2021.
Die Änderung registriert keine zusätzlichen Wertpapiere; vielmehr wird festgelegt, dass alle ausstehenden Zuteilungen eins zu eins in Delaware-Stammaktien mit den früheren Kaiman-Stammaktien abgerechnet werden, wodurch sowohl die Aktienanzahl als auch die wirtschaftlichen Rechte für Planteilnehmer und Aktionäre erhalten bleiben. Das Unternehmen bleibt ein large accelerated filer und bezieht alle historischen Berichte der Kaiman-Gesellschaft sowie zukünftige Einreichungen nach dem Exchange Act durch Verweis ein, um eine ununterbrochene regelmäßige Berichterstattung sicherzustellen.
Die Einreichung enthält außerdem aktualisierte Governance-Dokumente (Gründungsurkunde, Satzung) und übliche Anlagen, stellt die Entschädigungsbestimmungen für Direktoren und leitende Angestellte nach delawareischem Recht neu dar und bestätigt, dass Direktoren und leitende Angestellte durch eine D&O-Versicherung abgedeckt sind. Insgesamt ist die Änderung hauptsächlich administrativer Natur und bringt die Aktienpläne und SEC-Einreichungen des Unternehmens mit seinem neuen US-Sitz in Einklang, ohne die Kapitalstruktur oder die Betriebsergebnisse zu verändern.
- Redomiciliation completed on 30 June 2025, with seamless transition to Delaware corporate structure.
- One-for-one share exchange preserves shareholder interests and employee equity awards without dilution.
- None.
Insights
Administrative S-8 amendment reflects Delaware redomiciliation; neutral to valuation and dilution.
This Post-Effective Amendment simply designates Penguin Solutions, Inc. as successor issuer to the former Cayman entity and assumes sixteen pre-existing Form S-8 registrations. No incremental shares are registered and all equity awards convert one-for-one into Delaware common stock, preserving shareholder and employee economics. Large accelerated filer status, existing SEC reporting cadence, and indemnification protections are retained. Because the action is procedural and contains no financial results or capital-raising elements, the immediate investment impact is neutral, although Delaware domicile may streamline governance and investor perception going forward.
Penguin Solutions, Inc. (simbolo: SGH) ha presentato l'Emendamento Post-Esecutivo n. 1 a sedici precedenti dichiarazioni di registrazione Form S-8 già efficaci, a seguito del completamento del suo trasferimento di sede legale dalle Isole Cayman allo Stato del Delaware il 30 giugno 2025, approvato dal tribunale. Agendo ai sensi della Regola 414 del Securities Act, l'emittente successore del Delaware adotta formalmente ciascun S-8 come proprio, mantenendo così la registrazione delle azioni emettibili ai sensi di tre piani azionari per dipendenti: il Piano di Incentivi Azionari 2017 Modificato e Riformulato, il Piano di Acquisto Azionario per Dipendenti 2018 e il Piano di Induzione 2021.
L'emendamento non registra titoli aggiuntivi; piuttosto stabilisce che tutti i premi in essere saranno liquidati in azioni ordinarie del Delaware con un rapporto uno a uno rispetto alle precedenti azioni ordinarie delle Cayman, preservando sia il numero di azioni sia i diritti economici per i partecipanti ai piani e gli azionisti. La società continua a qualificarsi come large accelerated filer e incorpora per riferimento tutti i rapporti storici presentati dall'entità delle Cayman, oltre alle future comunicazioni ai sensi dell'Exchange Act, garantendo così una rendicontazione periodica continua.
La presentazione include inoltre documenti aggiornati di governance (certificato di costituzione, statuto) e allegati consueti, riformula le disposizioni di indennizzo per amministratori e dirigenti secondo la legge del Delaware e conferma che amministratori e dirigenti sono coperti da assicurazione D&O. Complessivamente, l'emendamento è principalmente di natura amministrativa, allineando i piani azionari e le comunicazioni SEC della società con la nuova sede legale negli Stati Uniti, senza modificare la struttura del capitale né i risultati operativi.
Penguin Solutions, Inc. (símbolo: SGH) presentó la Enmienda Post-Efectiva N.º 1 a dieciséis declaraciones de registro Formulario S-8 previamente vigentes, tras completar su redomiciliación aprobada por la corte desde las Islas Caimán al Estado de Delaware el 30 de junio de 2025. Actuando bajo la Regla 414 de la Ley de Valores, el emisor sucesor en Delaware adopta formalmente cada S-8 como propio, manteniendo así el registro de acciones emitibles bajo tres planes de acciones para empleados: el Plan de Incentivos de Acciones 2017 Modificado y Reformulado, el Plan de Compra de Acciones para Empleados 2018 y el Plan de Inducción 2021.
La enmienda no registra valores adicionales; en cambio, establece que todos los premios pendientes se liquidarán en acciones ordinarias de Delaware en una base uno a uno con las acciones ordinarias anteriores de las Caimán, preservando tanto el número de acciones como los derechos económicos para los participantes del plan y accionistas. La compañía continúa calificando como large accelerated filer e incorpora por referencia todos los informes históricos presentados por la entidad de las Caimán, además de futuras presentaciones bajo la Exchange Act, asegurando un reporte periódico ininterrumpido.
La presentación también incluye documentos de gobernanza actualizados (certificado de incorporación, estatutos) y anexos habituales, reexpresa las disposiciones de indemnización para directores y oficiales bajo la ley de Delaware, y confirma que directores y oficiales están cubiertos por un seguro D&O. En general, la enmienda es principalmente administrativa, alineando los planes de acciones y las presentaciones ante la SEC con su nueva sede en EE.UU., sin cambiar la estructura de capital ni los resultados operativos.
펭귄 솔루션즈 주식회사 (티커: SGH)는 2025년 6월 30일 법원의 승인을 받은 케이맨 제도에서 델라웨어 주로의 본사 이전 완료에 따라 이전에 효력이 있었던 16개의 Form S-8 등록서류에 대해 사후 효력 수정안 1호를 제출했습니다. 증권법 414조 규정에 따라 델라웨어 후속 발행사는 각 S-8을 공식적으로 자사 서류로 채택하여, 세 가지 직원 주식계획(수정 및 재작성된 2017년 주식 인센티브 계획, 2018년 직원 주식 구매 계획, 2021년 유인 계획)에 따른 발행 가능한 주식 등록을 유지합니다.
이 수정안은 추가 증권을 등록하지 않으며, 기존의 모든 보상은 케이맨 일반주식과 1대1 비율로 델라웨어 일반주식으로 정산됨을 규정하여, 주식 수와 경제적 권리를 계획 참가자 및 주주에게 그대로 보존합니다. 회사는 계속해서 대규모 가속 신고자 자격을 유지하며, 케이맨 법인 시절 제출한 모든 과거 보고서와 앞으로의 거래법 관련 보고서를 참조로 포함하여 연속적인 정기 보고를 보장합니다.
이번 제출에는 업데이트된 거버넌스 문서(설립증명서, 정관)와 일반적인 부속서류가 포함되었으며, 델라웨어 법률에 따른 이사 및 임원에 대한 면책 조항을 재진술하고, 이사 및 임원이 D&O 보험에 가입되어 있음을 확인합니다. 전반적으로 이번 수정안은 주로 행정적 성격으로, 회사의 주식 계획과 SEC 제출 서류를 미국 내 새 본사에 맞게 조정하였으며, 자본 구조와 운영 결과에는 변동이 없습니다.
Penguin Solutions, Inc. (symbole : SGH) a déposé un amendement post-effectif n° 1 à seize déclarations d’enregistrement Formulaire S-8 précédemment en vigueur, suite à l’achèvement de sa redomiciliation des îles Caïmans vers l’État du Delaware le 30 juin 2025, approuvée par le tribunal. Agissant en vertu de la règle 414 du Securities Act, l’émetteur successeur du Delaware adopte formellement chaque S-8 comme le sien, maintenant ainsi l’enregistrement des actions pouvant être émises dans le cadre de trois plans d’actions pour employés : le Plan d’Incitations en Actions 2017 modifié et reformulé, le Plan d’Achat d’Actions pour Employés 2018 et le Plan d’Induction 2021.
L’amendement n’enregistre pas de titres supplémentaires ; il prévoit plutôt que toutes les attributions en cours seront réglées en actions ordinaires du Delaware sur une base un pour un avec les actions ordinaires précédentes des Caïmans, préservant ainsi le nombre d’actions et les droits économiques des participants aux plans et des actionnaires. La société continue de se qualifier en tant que large accelerated filer et incorpore par référence tous les rapports historiques déposés par l’entité des Caïmans, ainsi que les futurs dépôts en vertu de l’Exchange Act, garantissant un reporting périodique ininterrompu.
Le dépôt fournit également des documents de gouvernance mis à jour (certificat de constitution, règlements), des annexes habituelles, reformule les dispositions d’indemnisation des administrateurs et dirigeants selon la loi du Delaware, et confirme que les administrateurs et dirigeants sont couverts par une assurance D&O. Globalement, l’amendement est principalement administratif, alignant les plans d’actions et les dépôts auprès de la SEC avec son nouveau domicile américain tout en laissant la structure du capital et les résultats opérationnels inchangés.
Penguin Solutions, Inc. (Ticker: SGH) hat nach Abschluss seiner gerichtlich genehmigten Umfirmierung von den Kaimaninseln in den Bundesstaat Delaware am 30. Juni 2025 eine Nachwirkende Änderung Nr. 1 zu sechzehn zuvor wirksamen Form S-8-Registrierungsunterlagen eingereicht. Nach Regel 414 des Securities Act übernimmt der Nachfolgeemittent in Delaware formal jede S-8 als eigene und erhält damit die Registrierung von Aktien, die unter drei Mitarbeiterbeteiligungsprogrammen ausgegeben werden können: dem geänderten und neu gefassten Aktienanreizplan 2017, dem Mitarbeiteraktienkaufplan 2018 und dem Induzierungsplan 2021.
Die Änderung registriert keine zusätzlichen Wertpapiere; vielmehr wird festgelegt, dass alle ausstehenden Zuteilungen eins zu eins in Delaware-Stammaktien mit den früheren Kaiman-Stammaktien abgerechnet werden, wodurch sowohl die Aktienanzahl als auch die wirtschaftlichen Rechte für Planteilnehmer und Aktionäre erhalten bleiben. Das Unternehmen bleibt ein large accelerated filer und bezieht alle historischen Berichte der Kaiman-Gesellschaft sowie zukünftige Einreichungen nach dem Exchange Act durch Verweis ein, um eine ununterbrochene regelmäßige Berichterstattung sicherzustellen.
Die Einreichung enthält außerdem aktualisierte Governance-Dokumente (Gründungsurkunde, Satzung) und übliche Anlagen, stellt die Entschädigungsbestimmungen für Direktoren und leitende Angestellte nach delawareischem Recht neu dar und bestätigt, dass Direktoren und leitende Angestellte durch eine D&O-Versicherung abgedeckt sind. Insgesamt ist die Änderung hauptsächlich administrativer Natur und bringt die Aktienpläne und SEC-Einreichungen des Unternehmens mit seinem neuen US-Sitz in Einklang, ohne die Kapitalstruktur oder die Betriebsergebnisse zu verändern.
Registration No. 333-218605
Registration No. 333-221534
Registration No. 333-223880
Registration No. 333-227449
Registration No. 333-230578
Registration No. 333-234541
Registration No. 333-249619
Registration No. 333-253064
Registration No. 333-257724
Registration No. 333-264150
Registration No. 333-271121
Registration No. 333-271123
Registration No. 333-278587
Registration No. 333-278588
Registration No. 333-286345
Registration No. 333-286347
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT NO. 333-218605
POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT NO. 333-221534
POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT NO. 333-223880
POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT NO. 333-227449
POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT NO. 333-230578
POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT NO. 333-234541
POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT NO. 333-249619
POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT NO. 333-253064
POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT NO. 333-257724
POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT NO. 333-264150
POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT NO. 333-271121
POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT NO. 333-271123
POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT NO. 333-278587
POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT NO. 333-278588
POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT NO. 333-286345
POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 REGISTRATION STATEMENT NO. 333-286347
UNDER
THE SECURITIES ACT OF 1933
PENGUIN SOLUTIONS, INC.
(Exact Name of Registrant as Specified in Its Charter)
| Delaware | 36-5142687 | |
| (State or Other Jurisdiction of Incorporation or Organization) |
(I.R.S. Employer Identification Number) |
1390 McCarthy Boulevard
Milpitas, CA 95035
(Address of Principal Executive Offices) (Zip Code)
Penguin Solutions, Inc. Amended and Restated 2017 Stock Incentive Plan
Penguin Solutions, Inc. Amended and Restated 2018 Employee Stock Purchase Plan
Penguin Solutions, Inc. Amended and Restated 2021 Inducement Plan
(Full Title of the Plans)
Anne Kuykendall
Senior Vice President, Chief Legal Officer,
and Secretary
Penguin Solutions, Inc.
1390 McCarthy Boulevard
Milpitas, CA 95035 (510) 623-1231
(Name and Address of Agent for Service) (Telephone Number, including Area Code, of Agent for Service)
With copies to:
| Mark M. Bekheit Erica Kassman Latham & Watkins LLP 140 Scott Drive Menlo Park, California 94025 Telephone: (650) 328-4600 Facsimile: (650) 463-2600 |
Anne Kuykendall Senior Vice President, Chief Legal Officer, and Secretary Penguin Solutions, Inc. 1390 McCarthy Boulevard Milpitas, CA 95035 (510) 623-1231 |
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer | ☒ | Accelerated filer | ☐ | |||
| Non-accelerated filer | ☐ | Smaller reporting company | ☐ | |||
| 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 7(a)(2)(B) of the Securities Act. ☐
EXPLANATORY NOTE
This Post-Effective Amendment is being filed pursuant to Rule 414 under the Securities Act of 1933, as amended (the “Securities Act”), by Penguin Solutions, Inc., a Delaware corporation (“Penguin Solutions Delaware” or the “Registrant”), as successor issuer to Penguin Solutions, Inc., a Cayman Islands exempted company (“Penguin Solutions Cayman”). On June 30, 2025, Penguin Solutions Cayman completed a court-sanctioned scheme of arrangement (the “Scheme of Arrangement”), as part of Penguin Solutions Cayman’s previously announced intention to redomicile to the United States (the “Redomiciliation”). Pursuant to the Redomiciliation, among other things, all issued ordinary shares in the capital of Penguin Solutions Cayman as of the scheme record time under the Scheme of Arrangement were exchanged on a one-for-one basis for newly issued shares of common stock of Penguin Solutions Delaware. As a result of the Redomiciliation, Penguin Solutions Cayman is now a wholly-owned subsidiary of Penguin Solutions Delaware, and Penguin Solutions Delaware is the successor issuer to Penguin Solutions Cayman.
In connection with the Redomiciliation, Penguin Solutions Delaware assumed Penguin Solutions Cayman’s existing obligations in connection with awards granted under Penguin Solutions Cayman’s equity incentive plans, assumed and amended and restated such plans and amended such awards as necessary to provide for the issuance of shares of Penguin Solutions Delaware common stock rather than the ordinary shares of Penguin Solutions Cayman upon the exercise or vesting of awards or purchase of shares. This Post-Effective Amendment pertains to the adoption by Penguin Solutions Delaware of the following registration statements on Form S-8 (collectively, the “Registration Statements”): (i) Registration No. 333-218605, (ii) Registration No. 333-221534, (iii) Registration No. 333-223880, (iv) Registration No. 333-227449, (v) Registration No. 333-230578, (vi) Registration No. 333-234541, (vii) Registration No. 333-249619, (viii) Registration No. 333-253064, (ix) Registration No. 333-257724, (x) Registration No. 333-264150, (xi) Registration No. 333-271121, (xii) Registration No. 333-271123, (xiii) Registration No. 333-278587, (xiv) Registration No. 333-278588, (xv) Registration No. 333-286345 and (xvi) Registration No. 333-286347. Penguin Solutions Delaware hereby expressly adopts each Registration Statement as its own registration statement for all purposes of the Securities Act and the Securities Exchange Act of 1934, as amended (the “Exchange Act”). This Post-Effective Amendment constitutes Post-Effective Amendment No. 1 to each of the Registration Statements.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The information called for in Part I of Form S-8 is not being filed with or included in this Post-Effective Amendment (by incorporation by reference or otherwise) in accordance with the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”). The documents containing the information specified in Part I of Form S-8 will be delivered to the participants in the equity benefit plans covered by this Post-Effective Amendment as specified by Rule 428(b)(1) under the Securities Act.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
| Item 3. | Incorporation of Documents by Reference. |
Penguin Solutions Delaware hereby incorporates by reference the following documents previously filed with the SEC (only to the extent “filed” and not “furnished” in accordance with SEC rules):
| (a) | Annual Report of Penguin Solutions Cayman on Form 10-K for the fiscal year ended August 30, 2024, filed with the SEC on October 24, 2024; | |
| (b) | Quarterly Reports of Penguin Solutions Cayman on Form 10-Q for the fiscal quarters ended November 29, 2024 and February 28, 2025, filed with the SEC on January 8, 2025 and April 2, 2025, respectively; | |
| (c) | Penguin Solutions Cayman’s Current Reports on Form 8-K filed with the SEC on October 3, 2024, October 15, 2024 (Item 5.03 only), December 16, 2024 (other than Item 7.01 and Exhibit 99.1), February 12, 2025, March 24, 2025, April 2, 2025 (Item 5.02 only), June 17, 2025 and June 26, 2025 (other than Item 7.01 and Exhibit 99.1); | |
| (d) | Penguin Solutions Delaware’s Current Report on Form 8-K filed with the SEC on June 30, 2025 (other than Item 7.01 and Exhibit 99.1); and | |
| (e) | The description of Penguin Solutions Delaware’s common stock that is contained in Penguin Solutions Delaware’s Current Report on Form 8-K filed on June 30, 2025 pursuant to Rule 12g-3(a) promulgated under the Exchange Act, including any amendment or report filed for the purpose of updating such description. | |
All reports that Penguin Solutions Delaware subsequently files pursuant to Sections 13(a) and 13(c), 14 and 15(d) of the Exchange Act, on or after the date of this Post-Effective Amendment and prior to the filing of a post-effective amendment to this Post-Effective Amendment, which indicate that all securities offered hereunder have been sold or which deregister all such securities then remaining unsold, shall be deemed to be incorporated by reference in this Post-Effective Amendment and to be a part hereof from the date of filing of such reports and documents. Unless expressly incorporated in this Post-Effective Amendment, a report furnished on Form 8-K shall not be incorporated by reference into this Post-Effective Amendment.
Any statement contained herein or in a document incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Post-Effective Amendment to the extent that a statement contained herein or in any other subsequently filed document that also is or is deemed to be incorporated by reference herein modifies or supersedes such earlier statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Post-Effective Amendment.
| Item 4. | Description of Securities. |
Not applicable.
| Item 5. | Interests of Named Experts and Counsel. |
Not applicable.
| Item 6. | Indemnification of Directors and Officers. |
Under Section 145 of the General Corporation Law of the State of Delaware (the “DGCL”), a corporation may indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the corporation), by reason of the fact that the person is or was a director, officer, employee or agent of the corporation (or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise) against expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by the person if such person acted in good faith and in a manner such person reasonably believed to be in or not opposed to the best interests of the corporation and, with respect to any criminal action or proceeding, had no reasonable cause to believe the person’s conduct was unlawful. In the case of an action brought by or in the right of a corporation, the corporation may indemnify any person who was or is a party or is threatened to be made a party to any such threatened, pending or completed action by reason of the fact that the person is or was a director, officer, employee or agent of the corporation (or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise) against expenses (including attorneys’ fees) actually and reasonably incurred by such person in connection with the defense or settlement of such action if such person acted in good faith and in a manner the person reasonably believed to be in or not opposed to the best interests of the corporation, except that no indemnification may be made in respect of any claim, issue or matter as to which such person shall have been adjudged to be liable to the corporation unless and only to the extent the appropriate court finds that, in view of all the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses as the court shall deem proper.
The Penguin Solutions Delaware amended and restated bylaws provide that its directors and officers will be indemnified by Penguin Solutions Delaware to the fullest extent authorized by the DGCL as it presently exists or may hereafter be amended, against all liability and loss suffered and expenses (including attorneys’ fees, judgments, fines, ERISA excise taxes or penalties and amounts paid in settlement) reasonably incurred in connection with any action, suit or proceeding, whether civil, criminal, administrative or investigative which such director or officer was, is made, or is threatened to be made a party to by reason of the fact of their service as a director or officer on behalf of the corporation.
As permitted by Section 102(b)(7) of the DGCL, the Penguin Solutions Delaware amended and restated certificate of incorporation provides that a director or officer of Penguin Solutions Delaware shall not be personally liable to Penguin Solutions Delaware or its stockholders for monetary damages for breach of fiduciary duty as a director or officer, except to the extent such exemption from liability or limitation thereof is not permitted under the DGCL as the same exists or hereafter may be amended.
Penguin Solutions Delaware has also entered into certain indemnification agreements with its directors and executive officers. The indemnification agreements provide Penguin Solutions Delaware’s directors and executive officers with further indemnification, to the maximum extent permitted by the DGCL.
As permitted by Section 145(g) of the DGCL, Penguin Solutions Delaware also maintains a directors’ and officers’ insurance policy that insures the directors and officers of Penguin Solutions Delaware against liability asserted against such persons in such capacity whether or not such directors or officers have the right to indemnification pursuant to the Penguin Solutions Delaware certificate of incorporation, bylaws or otherwise.
| Item 7. | Exemption from Registration Claimed. |
Not Applicable.
| Item 8. | Exhibits. |
EXHIBIT INDEX
| EXHIBIT | ||
| 3.1 | Amended and Restated Certificate of Incorporation of the Registrant (filed herewith). | |
| 3.2 | Amended and Restated Bylaws of the Registrant (filed herewith). | |
| 3.3 | Certificate of Designation of Convertible Preferred Stock (filed herewith). | |
| 4.1 | Form of Common Stock Certificate (filed herewith). | |
| 5.1 | Opinion of Latham & Watkins LLP as to the legality of the securities being registered (filed herewith). | |
| 23.1 | Consent of Latham & Watkins LLP (included in Exhibit 5.1). | |
| 23.2 | Consent of Deloitte & Touche LLP, independent registered public accounting firm (filed herewith). | |
| 24.1 | Power of Attorney (included on signature page). | |
| 99.1 | The Registrant’s Amended and Restated 2017 Stock Incentive Plan (filed herewith). | |
| 99.2 | The Registrant’s Amended and Restated 2018 Employee Stock Purchase Plan (filed herewith). | |
| 99.3 | The Registrant’s Amended and Restated 2021 Inducement Plan (filed herewith). | |
| 99.4 | The Registrant’s Form of Restricted Stock Unit Award Agreement (Stock-Settled) under the Penguin Solutions, Inc. Amended and Restated 2017 Stock Incentive Plan (filed herewith). | |
| 99.5 | The Registrant’s Form of Restricted Stock Unit Award Agreement (Cash-Settled) under the Penguin Solutions, Inc. Amended and Restated 2017 Stock Incentive Plan (filed herewith). | |
| 99.6 | The Registrant’s Form of Restricted Stock Unit Award Agreement (Stock-Settled) under the Penguin Solutions, Inc. Amended and Restated 2021 Inducement Plan (filed herewith). | |
| 99.7 | The Registrant’s Form of Restricted Stock Unit Award Agreement (Cash-Settled) under the Penguin Solutions, Inc. Amended and Restated 2021 Inducement Plan (filed herewith). | |
| 99.8 | The Registrant’s Form of Performance Stock Unit Award Agreement under the Penguin Solutions, Inc. Amended and Restated 2017 Stock Incentive Plan (filed herewith). | |
| 99.9 | The Registrant’s Form of Performance Stock Unit Award Agreement under the Penguin Solutions, Inc. Amended and Restated 2021 Inducement Plan (filed herewith). | |
| Item 9. | Undertakings. |
(a) The Registrant hereby undertakes:
| (1) | To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement: |
| (i) | To include any prospectus required by Section 10(a)(3) of the Securities Act; |
| (ii) | To reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the SEC pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20 percent change in the maximum aggregate offering price set forth in the “Calculation of Filing Fee Tables” or “Calculation of Registration Fee” table in the effective Registration Statement; |
| (iii) | To include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement; |
provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) of this section do not apply if the registration statement is on Form S-8, and the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the SEC by the registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in the Registration Statement.
| (2) | That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. |
| (3) | To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering. |
(b) The Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the registrant’s annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the Registration Statement shall be deemed to be a new registration statement relating to the securities offered herein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(h) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Post-Effective Amendment to the Registration Statements to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Milpitas, State of California, on this 30th day of June, 2025.
| PENGUIN SOLUTIONS, INC. | ||
| By: | /s/ Anne Kuykendall | |
| Anne Kuykendall | ||
| Senior Vice President, Chief Legal Officer and Secretary | ||
SIGNATURES AND POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below does hereby constitute and appoint Mark Adams, Nate Olmstead and Anne Kuykendall, and each of them, with full power of substitution and full power to act without the others, his or her true and lawful attorney-in-fact and agent to act for him or her in his or her name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to the Registration Statements amended by this Post-Effective Amendment, and to file this Post-Effective Amendment, with all exhibits thereto, and other documents in connection therewith, with the SEC, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in order to effectuate the same as fully, to all intents and purposes, as they or he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act, this Post-Effective Amendment has been signed by the following persons in the capacities and on the date indicated.
| Signature |
Title |
Date | ||
| /s/ Mark Adams Mark Adams |
President, Chief Executive Officer and Director (Principal Executive Officer) |
June 30, 2025 | ||
| /s/ Nate Olmstead Nate Olmstead |
Senior Vice President and Chief Financial Officer (Principal Financial and Accounting Officer) |
June 30, 2025 | ||
| /s/ Penelope Herscher Penelope Herscher |
Chairperson of the Board of Directors | June 30, 2025 | ||
| /s/ Min Yong Ha Min Yong Ha |
Director | June 30, 2025 | ||
| /s/ Bryan Ingram Bryan Ingram |
Director | June 30, 2025 | ||
| /s/ Sandeep Nayyar Sandeep Nayyar |
Director | June 30, 2025 | ||
| /s/ Mark Papermaster Mark Papermaster |
Director | June 30, 2025 | ||
| /s/ Mary Puma Mary Puma |
Director | June 30, 2025 | ||
| /s/ Maximiliane Straub Maximiliane Straub |
Director | June 30, 2025 | ||
FAQ
Why did SGH file a Post-Effective Amendment to its Form S-8 registrations?
Does the amendment register additional Penguin Solutions shares?
What happens to outstanding equity awards under SGH’s stock plans?
When was the redomiciliation of Penguin Solutions completed?
Which SEC filings are incorporated by reference in this amendment?
