Company: PENG
Filing Date: 2025-05-02
Form Type: DEF 14A
Source: 0001193125-25-110748
Chunk: 20

Company: Penguin Solutions, Inc.
Filing Date: 2025-05-02
Form: DEF 14A
Chunk 20
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 Solutions Cayman shares will be voted in accordance with the Penguin Solutions Cayman Board’s unanimous recommendation as described above such that any unspecified Penguin Solutions Cayman shares will be voted “FOR” the Scheme of Arrangement Proposal as set forth in this proxy statement. If any other matter is properly presented at the Scheme Meeting, your proxy holder (one of the individuals named on your proxy card) will vote your shares using their best judgment. Please see “The Scheme Meeting—Proxies” and “The Scheme Meeting—How You Can Vote.”

| 10. Q: | How can I vote if I hold my shares in “street name”? |

| A: | For shareholders who hold their shares in “street name” beneficially through a broker or                                                                                                                                                         
 nominee, we have enclosed a voting instruction form for the Scheme Meeting. By submitting your voting instruction form, you are instructing your broker or nominee to vote your Penguin Solutions Cayman ordinary shares in accordance with your 
 instructions.                                                                                                                                                                                                                                    |

Under Nasdaq rules, brokers and nominees who hold Penguin Solutions Cayman ordinary shares on behalf of customers will not have the authority to vote without direction on the Scheme of Arrangement Proposal. If you hold your Penguin Solutions Cayman ordinary shares through a broker or nominee and you do not instruct your broker or nominee on how to vote your Penguin Solutions Cayman ordinary shares prior to the Scheme Meeting, your broker or nominee, or the depository through which your broker holds your shares, will not be able to vote your Penguin SolutionsCayman ordinary shares at the 8

Scheme Meeting or affect the outcome of the vote, which is based on shares present and voting. UnderNasdaq rules, brokers and nominees who hold shares on behalf of customers have the authority to vote on “routine” proposals when they have not received instructions from beneficial owners, but are precluded from exercising their voting discretion with respect to proposals for “non-routine”matters. We believe that the Scheme of Arrangement Proposal is a proposal for a non-routinematter. As a result, there may be broker “non-votes”with respect to the Scheme of Arrangement Proposal. You may submit your voting instruction form by mail or by following the internet or touch-tonevoting instructions on the voting instruction form. In order for your voting instructions form to be validly submitted and for your Penguin Solutions Cayman ordinary shares to be voted at the Scheme Meeting in accordance with your voting instruction form, your broker or nominee must receive your voting instruction form as promptly as