PENG · Penguin Solutions, Inc.

On May 26, 2026, Nate Olmstead notified Penguin Solutions of his resignation as Senior Vice President and Chief Financial Officer, effective July 8, 2026, to pursue an opportunity in a different industry. The filing explicitly states his departure is not due to any disagreement with the company regarding operating performance, financial reporting, accounting, internal controls, operations, policies, or practices. Mr. Olmstead will not receive any severance benefits in connection with his voluntary departure. On May 31, 2026, the board appointed Aaron Johnson, the company's Vice President of Finance and Accounting, as interim CFO and principal financial and accounting officer, effective July 9, 2026. Mr. Johnson, age 47, joined the company in June 2024 and brings over 16 years of public company experience, including roles at NETGEAR, Power Integrations, Xilinx, and PricewaterhouseCoopers. No new compensatory arrangements were entered into with Mr. Johnson for this role; he will enter into the standard indemnification and advancement agreement. Additionally, the company reaffirmed its full-year fiscal 2026 financial outlook, expecting both net sales and diluted EPS to be at the high end of the previously issued ranges, supported by strong agentic AI-driven customer demand. The company intends to report Q3 fiscal 2026 results on July 7, 2026. The CFO transition and reaffirmed guidance underscore continuity in financial leadership and operational confidence.