Company: PENG
Filing Date: 2025-06-30
Form Type: 8-K12B
Source: 0001193125-25-152807
Chunk: 10

Company: Penguin Solutions, Inc.
Filing Date: 2025-06-30
Form: 8-K12B
Chunk 10
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 summary is subject to the General Corporation Law of the State of Delaware (the “ DGCL”) and the complete text of Penguin Solutions Delaware’s Amended and Restated Certificate of Incorporation, Amended and Restated Bylaws and Certificate of Designation, which are incorporated herein by reference. General Penguin Solutions Delaware’s authorized capital stock consists of 200,000,000 shares of common stock, $0.03 par value per share, and 30,000,000 shares of preferred stock, $0.03 par value per share. Common Stock Voting Rights Shares of Penguin Solutions Delaware common stock are entitled to one vote per share. Penguin Solutions Delaware stockholders will not be entitled to cumulative voting for the election of directors. As a result, subject to the special rights of the holders of one or more outstanding series of preferred stock to elect directors, at a duly called or convened meeting of stockholders at which a quorum is present, a plurality of the votes cast will be able to elect all of the directors then standing for election. Conversion Rights Shares of Penguin Solutions Delaware common stock are not convertible into any other security. Dividends Subject to preferences that may be applicable to any then outstanding preferred shares, holders of Penguin Solutions Delaware common stock are entitled to receive dividends, if any, as may be declared from time to time by the Penguin Solutions Delaware Board of Directors (the “ Penguin Solutions Delaware Board”) out of legally available funds. Dividends may be paid in cash, in property or in shares of Penguin Solutions Delaware’s capital stock. Declaration and payment of any dividend will be subject to the discretion of the Penguin Solutions Delaware Board. The time and amount of dividends will be dependent upon Penguin Solutions Delaware’s results of operations, financial condition, contractual restrictions and capital requirements, the provisions of Delaware law affecting the payment of distributions to stockholders and any other factors the Penguin Solutions Delaware Board may consider relevant. Liquidation In the event of Penguin Solutions Delaware’s liquidation, dissolution or winding up, holders of Penguin Solutions Delaware common stock are entitled to share ratably in the funds and net assets legally available for distribution to stockholders after the payment of all of Penguin Solutions Delaware’s debts and other liabilities and the satisfaction of any liquidation preference granted to the holders of any then outstanding shares of preferred stock, including, if applicable, the Issued Convertible Preferred Stock. Pre-Emptive,Redemption and Similar Rights Holders of shares of Penguin Solutions Delaware common stock do not have pre-emptive,subscription, or redemption rights. There are