Penguin Solutions CFO Olmstead resigns; Johnson named interim CFO, FY2026 guidance raised

Filed June 1, 2026 · Period ending May 26, 2026 · ~1 min read

Key Changes

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  CFO Nate Olmstead resigns effective July 8, 2026, to pursue opportunity in different industry; departure not due to any disagreement on operations, financial reporting, or internal controls.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
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  Aaron Johnson, VP Finance and Accounting since June 2024, appointed interim CFO effective July 9, 2026; brings 16 years public company finance experience from NETGEAR and Power Integrations.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
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  Company reaffirms FY2026 outlook and now expects both net sales and diluted EPS at high end of prior ranges, driven by strong agentic AI customer demand across memory and AI infrastructure businesses.

  Item 7.01 — Regulation FD Disclosure verify on EDGAR →