Company: PENG
Filing Date: 2025-12-19
Form Type: DEF 14A
Source: 0001616533-25-000073
Chunk: 25

Company: Penguin Solutions, Inc.
Filing Date: 2025-12-19
Form: DEF 14A
Chunk 25
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 accountable for progress on environmental and social sustainability issues, beginning in fiscal 2023.                                                                                                                                                                                                                                                
 •Add oversight responsibility with respect to the Company’s use of AI, including by adding AI governance to the Cybersecurity Committee charter.                                                                                                                                                                                                                                                                                                                                                                                                                                   
 •Form AI Governance Committee with key executive participation.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| Workforce Inclusion          |     | •Collaborate with external partners to seek out a broad pool of qualified talent for our open positions.                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
 •Leverage the findings of our gender compensation analyses to inform our efforts to continue to advance pay equity within Penguin Solutions, including seeking to foster an equitable pay structure that remains consistent throughout our company, regardless of an individual’s personal background.                                                                                                                                                                                                                                                                             
 •We launched our employee resource groups (“ERGs”) in fiscal 2023, providing new spaces for employees to connect, and we continue to support and develop our ERGs, which are open to all employees. Additionally, an internal management council conducts regular reviews of our HR policies and practices, and helps inform our talent recruiting process, talent acquisition strategies, and professional development programs. These reviews include an assessment from a legal compliance lens as part of our continued legal compliance efforts, including civil rights laws. |

We believe that our attention to climate action, governance, and inclusion and belonging is not only forward-thinking, but that it also creates value for Penguin Solutions and our stockholders by contributing to more robust and inclusive planning and analysis around the pursuit of new market opportunities, greater brand recognition, and mitigation of costs and risks.

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#### Our Governance and Ethics Framework

#### Corporate Governance
Penguin Solutions believes that sound governance contributes to good corporate citizenship, competitive strength, investor confidence, long-term success, and sustained stockholder value. Penguin Solutions is governed by the Board and the committees of the Board, which meet throughout the year. The Board and management regularly review and evaluate our corporate governance practices, policies, and procedures. Penguin Solutions’ corporate governance documents, including the charters of the Audit Committee, Compensation Committee, NCG Committee, and Cybersecurity Committee, as well as the Code of Business Conduct and Ethics, Corporate Governance Guidelines, and Policy for Reporting Concerns are available on the Governance section of the Investors section of our website at ir.penguinsolutions.com .

#### Ethics and Compliance
Penguin Solutions is committed to ethical business practices, as demonstrated by our Code of Business Conduct and Ethics, our Supplier Code of Conduct, and our membership in and commitment to