Company: PENG
Filing Date: 2025-03-24
Form Type: PRE 14A
Source: 0001193125-25-060930
Chunk: 99

Company: Penguin Solutions, Inc.
Filing Date: 2025-03-24
Form: PRE 14A
Chunk 99
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 more than sixty (60) days before the date of the meeting and shall specify the place, if any, or means of remote communication, date, hour and, in the case of a special meeting, the purpose 
 or purposes of the meeting.                                                                                                                                                                                                                     |     | Under the Penguin Solutions Cayman Articles, at least fourteen (14) days’ notice in writing (but in any case, no more than sixty (60) days’ notice) counting from the date service is deemed to take place will be                     
 given of any general meeting.                                                                                                                                                                                                          |
| Quorum of Stockholders     |     | Penguin Solutions Delaware’s amended and restated bylaws will provide that the holders of a majority in voting power of the Penguin Solutions                                                                                                   |     | Business may only be transacted at a meeting of shareholders of Penguin Solutions Cayman if a quorum is present. The Penguin Solutions Cayman                                                                                          |

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| Provisions                            |     | Penguin Solutions Delaware                                                                                                                                                                                                                                |     | Penguin Solutions Cayman                                                                                                                                                                                                                |
|                                       |     | Delaware capital stock issued and outstanding and entitled to vote thereat, present in person, or by remote communication, if applicable, or represented by proxy, shall constitute a quorum at all meetings of the stockholders for the                  
 transaction of business. Where a separate vote by class or series is required, the presence in person or by proxy of the holders of a majority in voting power of the outstanding shares of such class or series will constitute a quorum with respect to 
 that matter. If, however, a quorum shall not be present or represented at any meeting of the stockholders, a majority in voting power of the stockholders entitled to vote thereat, present in person, or by remote communication, if applicable, or      
 represented by proxy, or the person presiding over the meeting shall have power to recess the meeting or adjourn the meeting until a quorum shall be present or represented.                                                                              |     | Articles provide that a quorum for a general meeting of the shareholders is one (1) or more shareholders holding at least a majority of                                                                                                 
 the paid-up voting share capital of Penguin Solutions Cayman present in person or by proxy and entitled to vote at that meeting.                                                                                                        
 The quorum necessary at a meeting to approve a matter pertaining to the modification of rights of shareholders will be one (1) or more shareholders                                                                                     
 holding (or represented by proxy) one-third (1/3) in par value amount of the issued shares of the relevant class