Company: PENG
Filing Date: 2025-12-19
Form Type: DEF 14A
Source: 0001616533-25-000073
Chunk: 15

Company: Penguin Solutions, Inc.
Filing Date: 2025-12-19
Form: DEF 14A
Chunk 15
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)   |     | —         |     | X            |     | —              |     | Chair                             |
| Mary Puma(1)          |     | X         |     | X            |     | —              |     | —                                 |
| Maximiliane Straub(1) |     | X         |     | —            |     | Chair          |     | X                                 |

(1) As noted in “ Independence of the Board of Directors ” above, the Board has determined Mses. Herscher, Puma, and Straub and Messrs. Ingram, Nayyar, and Papermaster to be independent directors.

#### Audit Committee
The Board has a separately designated standing Audit Committee, established in accordance with Section 3(a)(58)(A) of the Exchange Act. The Audit Committee was established by the Board to assist the Board in its oversight of the integrity of our financial statements and internal controls; the design, implementation, and performance of our internal audit function; and our compliance with legal and regulatory requirements. To that end, the Audit Committee is responsible for, without limitation, the following:

• Overseeing the accounting and financial reporting processes and the audits of our financial statements;

• Reviewing the qualifications, independence, and performance, and approving the terms of engagement of our independent auditor;

• Reviewing the performance of, and overseeing our internal audit function;

• Preparing any reports required of the committee under the rules of the SEC or under the rules of any applicable stock market or exchange;

• Overseeing our cash management and investment and borrowing policies, and periodically reviewing our investment and borrowing policies; and

• Overseeing and reviewing our policies with respect to entry into derivatives transactions for hedging and risk management purposes.

The Audit Committee is currently composed of three directors: Mr. Nayyar (Chair) and Mses. Puma and Straub. The Audit 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 Audit Committee has the authority to obtain, at our expense, advice and assistance from internal and external legal, accounting, or other advisors and consultants and other external resources that the Audit Committee considers necessary or appropriate in the performance of its duties. During fiscal 2025, the Audit Committee held six meetings. We have not identified a material weakness in our internal control over financial reporting since fiscal 2021.

The Audit Committee’s charter provides for self-evaluation at least every other year. The Audit Committee