Penguin Solutions Inc.

Last updated September 27, 2026

Favorite this organization

Organization details

Legal name: Penguin Solutions Inc.
Former names: SMART Global Holdings, Inc.
Ownership: Public
Status: Active
Sector (GICS): Information Technology
SIC code: 3674 — Semiconductors & Related Devices
Jurisdiction of incorporation: Delaware
Headquarters city: Fremont
Headquarters state / province: California
Headquarters country: United States
Fiscal year end: August
Ticker symbol: PENG
Primary stock exchange: Nasdaq

Identifiers

SEC CIK: 0001616533
EIN: 36-5142687

Board of directors

Follow this board

Bryan Ingram · Director
Since 2023
David W. Heard · Director
Since 2026
Kashif Shaikh · Director · President and CEO
Since 2026
Mark Adams · Director · President and CEO
Since 2023
Mark D. Papermaster · Director
Since 2024
Mary G. Puma · Director Overboarded
Since 2023
Maximiliane C. Straub · Director
Since 2023
Min Yong Ha · Director
Since 2024
Penny Herscher · Director
Since 2023
Randy W. Furr · Director
Since 2023
Sandeep Nayyar · Director
Since 2023

Chief executives

Kashif Shaikh · President and CEO

Since February 2026

100 CEO score

Outstanding · grade A+

Out of 100, from shareholder return, dividends, growth and acquisitions.

Partial: only 35% of the scoring weight is on file.

Revenue growth 20%: 100
Earnings growth 15%: 100

35% of the scoring weight is on file. Figures cover August 2025 – August 2026.

Mark Adams · President and CEO

Until February 2026 · Former

Director election results

Annual meeting of February 6, 2026. Support is votes for as a share of votes for and against (or withheld). Below 80% is a clear protest.

Mark D. Papermaster

95.4%

Board connections

4 of this board's directors also sit on 11 other boards. 7 are in the same sector.

Shared director Other board Same sector

Allegro MicroSystems Inc. Same sector
via Mary G. Puma
Aviat Networks Inc. Same sector
via Bryan Ingram
Axcelis Technologies Inc.
via Mary G. Puma
Cadence Design Systems Inc. Same sector
via Mark Adams
Ciena Corporation Same sector
via Mary G. Puma
Core Scientific Inc.
via Mark Adams
Entegris Inc.
via Mary G. Puma
Lumentum Holdings Inc. Same sector
via Penny Herscher
MACOM Technology Solutions Holdings Inc. Same sector
via Bryan Ingram
Nordson Corporation
via Mary G. Puma
Seagate Technology Holdings PLC Same sector
via Mark Adams

Insider trades

All notable trades →

From SEC Forms 4 and 5. Open-market purchases and sales are highlighted; grants, option exercises and shares withheld for tax are routine.

Bought, last 12 months: $0; 0 purchases by 0 insiders
Sold, last 12 months: $5,006,955; 43 sales by 5 insiders

Date	Insider	Transaction	Shares	Price	Value
Nov 2, 2026	Clark Joseph Gates Officer (SVP and Pres, Optimized LED)	Open-market sale	−1,573	$47.80	$75,182
Nov 2, 2026	Clark Joseph Gates Officer (SVP and Pres, Optimized LED)	Open-market sale	−1,000	$48.88	$48,884
Nov 2, 2026	Clark Joseph Gates Officer (SVP and Pres, Optimized LED)	Open-market sale	−1,400	$49.97	$69,953
Nov 2, 2026	Clark Joseph Gates Officer (SVP and Pres, Optimized LED)	Open-market sale	−900	$51.03	$45,926
Nov 2, 2026	Clark Joseph Gates Officer (SVP and Pres, Optimized LED)	Open-market sale	−900	$51.93	$46,739
Oct 29, 2026	Frey Anthony George Officer (SVP and Chief Revenue Officer)	Open-market sale	−3,131	$58.64	$183,590
Oct 29, 2026	Frey Anthony George Officer (SVP and Chief Revenue Officer)	Open-market sale	−1,500	$59.48	$89,222
Oct 23, 2026	Clark Joseph Gates Officer (SVP and Pres, Optimized LED)	Open-market sale	−869	$51.52	$44,771
Oct 22, 2026	Kuykendall Anne Officer (SVP and Chief Legal Officer)	Open-market sale	−738	$55.08	$40,649
Oct 20, 2026	Clark Joseph Gates Officer (SVP and Pres, Optimized LED)	Shares withheld for tax	−1,339	$56.54	$75,707
Oct 20, 2026	Frey Anthony George Officer (SVP and Chief Revenue Officer)	Shares withheld for tax	−5,184	$56.54	$293,103
Oct 20, 2026	Kuykendall Anne Officer (SVP and Chief Legal Officer)	Shares withheld for tax	−3,062	$56.54	$173,125
Oct 6, 2026	Cumming Stephen Officer (SVP and CFO)	Grant or award	+33,502	—	—
Oct 3, 2026	Clark Joseph Gates Officer (SVP and Pres, Optimized LED)	Grant or award	+30,932	—	—
Oct 3, 2026	Kuykendall Anne Officer (SVP and Chief Legal Officer)	Grant or award	+41,242	—	—

Peers

Compare boards

Organizations in the same sector, closest in location and size first.

3D Systems Corporation NYSE: DDD · Rock Hill, United States Organization A10 Networks Inc. NYSE: ATEN · SAN Jose, United States Organization ACI Worldwide Inc. Nasdaq: ACIW · Elkhorn, United States Organization ADTRAN Holdings Inc. Nasdaq: ADTN · Huntsville, United States Organization

Questions about Penguin Solutions Inc.

Who is the CEO of Penguin Solutions Inc.?

Kashif Shaikh has been Penguin Solutions Inc.'s President and CEO since February 2026.

How many directors are on Penguin Solutions Inc.'s board?

Penguin Solutions Inc.'s board has 11 directors: Bryan Ingram, David W. Heard, Kashif Shaikh, Mark Adams, Mark D. Papermaster, Mary G. Puma, Maximiliane C. Straub, Min Yong Ha, Penny Herscher, Randy W. Furr and 1 other.

Are Penguin Solutions Inc. insiders buying or selling shares?

Over the last 12 months, Penguin Solutions Inc. insiders made no open-market purchases and sold $5.0 million of shares in 43 sales on the open market, as reported to the SEC on Forms 4 and 5.

How is Penguin Solutions Inc. connected to…? → Spot something wrong? Report a correction

Embed this board on your site

Paste this where the board should appear. It always shows the current directors and links back here.

<div data-bod-board="penguin-solutions-inc"></div>
<script src="https://boardofdirectors.review/embed.js" async></script>

Reviews (0)

No reviews yet. Be the first to write one.