Company: PENG
Filing Date: 2025-12-19
Form Type: DEF 14A
Source: 0001616533-25-000073
Chunk: 17

Company: Penguin Solutions, Inc.
Filing Date: 2025-12-19
Form: DEF 14A
Chunk 17
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,” is not deemed “filed” with the SEC, is not subject to Regulation 14A or 14C or to the liabilities of Section 18 of the Exchange Act, and is not to be incorporated by reference into any filing of the Company under the Securities Act or the Exchange Act, whether made before or after the date hereof and irrespective of any general incorporation language in any such filing.

Respectfully submitted by the members of the Audit Committee of the Board of Directors:

Sandeep Nayyar, Chair

Mary Puma

Maximiliane Straub

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#### Compensation Committee
The Compensation Committee acts on behalf of the Board to oversee our director and executive compensation and benefits policies and to evaluate executive officer performance and compensation. Among other things, the Compensation Committee is responsible for the following:

• Reviewing and approving, or recommending to the Board to approve, the compensation for our senior executives;

• Reviewing and approving the compensation for independent directors;

• Reviewing and evaluating our executive compensation and benefits policies generally;

• Administering and overseeing the Company’s compliance with the compensation recovery policy;

• Reporting to our Board periodically;

• Evaluating its own performance at least once every other year and reporting to our Board on such evaluation; and

• Reviewing and assessing periodically, and at least annually, consistent with Nasdaq listing requirements, the adequacy of its charter and recommending any proposed changes to the Board for approval.

The Compensation Committee is currently composed of three directors: Messrs. Ingram (Chair) and Papermaster and Ms. Puma. Mr. Ingram will serve as Chair of the Compensation Committee until his term expires and Ms. Puma will serve as Chair of the Compensation Committee effective at the conclusion of the Annual Meeting. The Board is in the process of selecting a member of the Compensation Committee to replace Mr. Ingram after his term expires, and such information will be reflected in the Governance section of the Investors section of our website at ir.penguinsolutions.com . The Board has determined that Messrs. Ingram and Papermaster and Ms. Puma all satisfy the “independence” requirements of Nasdaq and the Exchange Act applicable to members of a compensation committee of a listed company’s board of directors. During fiscal 2025, the Compensation Committee held five meetings.

The Compensation Committee is governed by a written charter, which can be found in the Governance section of the Investors section of our website at ir.penguinsolutions.com . The Compensation Committee charter grants the Compensation Committee sole authority