Company: PENG
Filing Date: 2025-05-02
Form Type: DEF 14A
Source: 0001193125-25-110748
Chunk: 16

Company: Penguin Solutions, Inc.
Filing Date: 2025-05-02
Form: DEF 14A
Chunk 16
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 that the anticipated benefits of the Transaction will be realized. In addition, despite the potential benefits described above, the Transaction will expose you and us to potential risks, including relating to future income tax policy in the United States. Please see the discussion under “Risk Factors.” Our board of directors has considered both the potential advantages of the Transaction and these potential risks and has unanimously approved the Scheme of Arrangement and recommends that shareholders vote for the approval of the Scheme of Arrangement Proposal.

| 4. Q: | How does the Penguin Solutions Cayman Board recommend that I vote? |

| A: | Our board of directors unanimously recommends that our shareholders vote “FOR” the Scheme of 
 Arrangement Proposal.                                                                        |

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| 5. Q: | Who can vote at the Scheme Meeting? |

Shareholder of Record: Shares Registered in Your Name If, at the Voting Record Time, your shares were registered directly in your name with our transfer agent, Computershare Trust Company, N.A., then you are a shareholder of record. As a shareholder of record, you may vote during the Scheme Meeting or vote by proxy. Whether or not you plan to attend the Scheme Meeting, we urge you to vote by proxy over the telephone or on the internet as instructed below (see “How do I vote?”) or complete, date, sign, and return the enclosed proxy card to ensure your vote is counted. Appointment of a proxy does not preclude you from attending the Scheme Meeting and voting in person (including via live webcast). Attending the Scheme Meeting in person (including via live webcast) will not in and of itself revoke a previously submitted proxy card. However, any votes cast by you or your proxy at the Scheme Meeting will revoke a previously submitted proxy card for the Scheme Meeting. Beneficial Owner: Shares Registered in the Name of a Broker, Bank, or Other Nominee If, at the Voting Record Time, your shares were held not in your name but in an account at a brokerage firm, bank, dealer, or other similar organization (which we generally refer to as “ brokers” or “ nominees”), then you are the beneficial owner of shares held in “street name” and a voting instruction form will be forwarded to you by the organization that holds your account. The organization holding your account is considered to be the shareholder of record for the purposes of voting at the Scheme Meeting. As a beneficial owner, you have the right to direct your broker or nominee regarding how to vote the shares in your account.