Company: PENG
Filing Date: 2025-12-19
Form Type: DEF 14A
Source: 0001616533-25-000073
Chunk: 107

Company: Penguin Solutions, Inc.
Filing Date: 2025-12-19
Form: DEF 14A
Chunk 107
---
PTLY VOTING YOUR SHARES WILL ENSURE THE PRESENCE OF A QUORUM AT THE ANNUAL MEETING AND WILL SAVE US THE EXPENSE OF FURTHER SOLICITATION.

By Order of the Board of Directors

Mark Adams

Director, President and Chief Executive Officer

Fremont, California

December 19, 2025

A copy of our Annual Report on Form 10-K for the fiscal year ended August 29, 2025 , including the financial statements and the financial statement schedules thereto but not including exhibits, as filed with the SEC on October 21, 2025, is available without charge upon written request to our Secretary, c/o Penguin Solutions, Inc., 45800 Northport Loop West, Fremont, CA 94538, or by accessing a copy on Penguin Solutions’ website at ir.penguinsolutions.com in the Financials section of the Investors section under “SEC Filings.” Information on our website is not incorporated by reference in this Proxy Statement. Exhibits to the Annual Report on Form 10-K for the fiscal year ended August 29, 2025 are available upon payment of a reasonable fee, which is limited to our expenses in furnishing the requested exhibit.

<div align='center'>81</div>

### APP

### ENDIX A

#### Penguin Solutions, Inc.
<div align='center'>Reconciliation of GAAP to Non-GAAP Financial Measures</div>

#### GAAP to Non-GAAP Reconciliation
Our management uses non-GAAP financial measures to supplement our financial results under GAAP, including non-GAAP operating margin, non-GAAP diluted earnings per share, and non-GAAP operating income. Our management uses these measures to analyze the Company’s operations and make decisions as to future operational plans and believes that this supplemental non-GAAP information is useful to investors in analyzing and assessing the Company’s past and future operating performance. These non-GAAP measures exclude certain items, such as stock-based compensation expense; amortization of acquisition-related intangible assets (consisting of amortization of developed technology, customer relationships, trademarks/trade names, and backlog acquired in connection with business combinations); cost of sales-related restructuring; diligence, acquisition, and integration expense; redomiciliation costs; restructuring charges; impairment of goodwill; changes in the fair value of contingent consideration; (gains) losses from changes in currency exchange rates; amortization of debt issuance costs; (gain) loss on extinguishment or prepayment of debt; other infrequent or