Company: PENG
Filing Date: 2025-02-12
Form Type: 8-K
Source: 0001628280-25-005193
Chunk: 0

Company: Penguin Solutions, Inc.
Filing Date: 2025-02-12
Form: 8-K
Item: Item 5.07
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Item 5.07 Submission of Matters to a Vote of Security Holders.

Penguin Solutions, Inc. (the “ Company”) held its 2025 Annual General Meeting of Shareholders (the “ Annual General Meeting”) on February 7, 2025. The final voting results for each of the items submitted to a shareholder vote at the Annual General Meeting are set forth below.

Proposal No. 1: Election of Directors

Shareholders elected each of the two nominees for Class II director to serve until the Company’s 2028 annual general meeting of shareholders or until their successors are duly elected and qualified. The results of such vote were:

  Nominee                       For        Against      Abstain      Broker Non-Votes  
 ───────────────────────────────────────────────────────────────────────────────────────
  Min Yong Ha            38,229,828      1,951,185       33,564             5,881,580  
  Penelope Herscher      37,492,270      2,693,566       28,741             5,881,580  

Proposal No. 2: Ratification of the Selection of the Company’s Independent Registered Public Accounting Firm

Shareholders ratified the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending August 29, 2025. The results of such vote were:

         For      Against      Abstain      Broker Non-Votes  
 ──────────────────────────────────────────────────────────────
  45,319,496      767,993        8,668                     0  

Proposal No. 3: Approval, on a Non-Binding Advisory Basis, of the Compensation of the Company’s Named Executive Officers

Shareholders approved, on a non-binding advisory basis, the compensation of the Company’s named executive officers. The results of such vote were:

         For      Against      Abstain      Broker Non-Votes  
 ──────────────────────────────────────────────────────────────
  39,400,995      733,768       79,814             5,881,580  

Proposal No. 4: Approval, on a Non-Binding Advisory Basis, of the Frequency of the Advisory Vote to Approve the Compensation of the Company’s Named Executive Officers

Shareholders approved, on a non-binding advisory basis, “one year” as the frequency of the advisory vote to approve the compensation of the Company’s named executive officers.