Company: PENG
Filing Date: 2025-03-24
Form Type: PRE 14A
Source: 0001193125-25-060930
Chunk: 114

Company: Penguin Solutions, Inc.
Filing Date: 2025-03-24
Form: PRE 14A
Chunk 114
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 publicize such date in a filing pursuant to the Exchange Act or via press release.

With respect to director nominations,
the Penguin Solutions Cayman Articles provide that shareholders who wish to nominate a director to be brought before the shareholders at an annual general meeting of shareholders must notify the Penguin Solutions Cayman secretary in writing not less
than 120 days prior to the annual general meeting of shareholders; provided, however, that in the event of less than 130 days’ notice or prior public disclosure of the date of the meeting is given or made to shareholders, notice to be timely
must be so received not later than the close of business on the 10th day following the earlier of the day on which such notice of the date of the meeting was mailed or such public disclosure was made.

Based on the expected date of the 2026 Annual General Meeting, shareholders wishing to present other proposals for consideration at the 2026
Annual General Meeting under these provisions of the Penguin Solutions Cayman Articles must submit their proposals so that they are received in writing not later than November 5, 2025 in order to be considered. Shareholders wishing to present
nominations for directors for consideration at the 2026 Annual General Meeting under the provisions of the Penguin Solutions Cayman Articles must submit their nominations so that they are received by the secretary of Penguin Solutions Cayman not
later than October 9, 2025 in order to be considered.

Nominations or proposals should be sent in writing to the Penguin Solutions
Cayman secretary in writing. A shareholder’s notice to nominate a director or bring any other business before the 2026 Annual General Meeting must set forth certain information, which is specified in the Penguin Solutions Cayman Articles. A
complete copy of the Penguin Solutions Cayman Articles may be found by accessing Penguin Solutions’ filings on the SEC’s website at www.sec.gov. Shareholders who intend to solicit proxies in support of director nominees other than the
Company’s nominees must also comply with the additional requirements of Rule 14a-19(b).

If
the Completion Date occurs prior to the 2026 Annual General Meeting, Penguin Solutions Delaware will provide notice of its annual stockholder meeting to be held in 2026 and solicit stockholder proposals in a subsequent filing with the SEC in
accordance with Rule 14a-8 under the Exchange Act and the DGCL.

100

Penguin Solutions Delaware

Assuming consummation of the Transaction, Penguin Solutions Delaware stockholders will be entitled to present proposals for consideration