Articles from SMART Global Holdings, Inc.

SMART Global Holdings, Inc. (“SGH” or the “Company”) (Nasdaq: SGH) today announced that the company will host its quarterly financial webcast and conference call for its fourth quarter and full fiscal year 2024 earnings after market close on Tuesday, October 15, 2024, beginning at 1:30 p.m. Pacific Time (PT) / 4:30 p.m. Eastern Time (ET). Financial results will be issued in a press release prior to the conference call.

SMART Global Holdings, Inc. (“SGH,” “we” or the “Company”) (Nasdaq: SGH) today announced the pricing of $175.0 million in aggregate principal amount of convertible senior notes due 2030 (the “Notes”) to be offered and sold to qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The aggregate principal amount of the offering was increased from the previously announced offering size of $150.0 million. The Company has granted the initial purchasers of the Notes an option to purchase, for settlement within a period of 13 days from, and including, the date the Notes are first issued, up to an additional $25.0 million aggregate principal amount of Notes. The offering is expected to close on or about August 6, 2024, subject to customary closing conditions.

SMART Global Holdings, Inc. (“SGH,” “we,” or the “Company”) (Nasdaq: SGH) today announced that it intends to offer $150.0 million in aggregate principal amount of convertible senior notes due 2030 (the “Notes”) to qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), subject to market and other conditions. The Company also expects to grant to the initial purchasers of the Notes an option to purchase, for settlement within a period of 13 days from, and including, the date the Notes are first issued, up to an additional $22.5 million aggregate principal amount of Notes.

Today, at its Nasdaq MarketSite Analyst Day event, SMART Global Holdings, Inc. (“SGH”) (NASDAQSGH) announced its intention to become Penguin Solutions, Inc. This rebranding is a continuation of the company’s transformation over the past several years and reflects its focus on delivering leading-edge solutions that solve the complexity of AI. The new Penguin Solutions is uniquely positioned as an expert in end-to-end AI infrastructure solutions.

SMART Global Holdings, Inc. (“SGH”) (NASDAQSGH), a leading designer and developer of high-performance, high-availability enterprise solutions, today announced that SK Telecom (“SKT”) NYSE: SKMNYSESKM)

SMART Global Holdings, Inc. (“SGH” or the “Company”) (NASDAQSGH) today reported financial results for the third quarter of fiscal 2024.

Penguin Solutions™, an SGH™ brand (Nasdaq: SGH), today announced it has been selected by Voltage Park to provide core professional and managed services and software for its large-scale NVIDIA-based clusters. Penguin designs, builds, deploys, and manages AI and accelerated computing infrastructures at scale. Voltage Park is a next-generation cloud company focused on providing accessible machine learning (ML) infrastructure for AI.

SMART Global Holdings, Inc. (“SGH”) (Nasdaq: SGH) today announced the grant of inducement awards to its new senior vice president and chief financial officer, Nate Olmstead, in connection with his commencement of employment with SGH on June 26, 2024. The independent Compensation Committee of the Board of Directors of SGH (the “Committee”) approved the grant to Mr. Olmstead, as of June 26, 2024, of time-based restricted share units with respect to 61,331 ordinary shares of SGH (the “RSUs”) and performance-based restricted share units with respect to 61,331 ordinary shares of SGH at the target level (the “PSUs”).

SMART Global Holdings, Inc. (“SGH”) (NASDAQSGH) announced that Nate Olmstead has joined the company today as senior vice president and chief financial officer (“CFO”), reporting to SGH president and chief executive officer (“CEO”) Mark Adams.

Penguin Solutions™, an SGH™ brand (Nasdaq: SGH) that designs, builds, deploys, and manages AI and accelerated computing infrastructures at scale, today announced the expansion of its OriginAI® solution to include validated, pre-defined AI architectures incorporating NVIDIA technology. Backed by Penguin’s intelligent cluster management software and expert services, OriginAI infrastructure streamlines AI implementation and management, and enables predictable AI cluster performance in support of customer ROI from clusters that can range in size from hundreds to thousands of GPUs.

SMART Global Holdings, Inc. (“SGH” or the “Company”) (Nasdaq: SGH) today announced that the company will host its quarterly financial webcast and conference call for its third quarter fiscal year 2024 earnings after market close on Tuesday, July 9, 2024, beginning at 1:30 p.m. Pacific Time (PT) / 4:30 p.m. Eastern Time (ET). Financial results will be issued in a press release prior to the conference call.

SMART Global Holdings, Inc. (“SGH” or the “Company”) (Nasdaq: SGH) will host an Analyst Day on July 16, 2024, from 10 a.m. to 12:30 p.m. Eastern Time at the Nasdaq MarketSite in New York City. Chief Executive Officer Mark Adams, along with other members of the SGH senior leadership team, will provide an overview of the company’s strategy and vision for long-term growth.

SMART Global Holdings, Inc. (“SGH”) (Nasdaq: SGH) today announced the grant of inducement awards to its new president of Intelligent Platform Solutions, Pete Manca, in connection with his commencement of employment with SGH on April 8, 2024. The independent Compensation Committee of the Board of Directors of SGH (the “Committee”) approved the grant to Mr. Manca, as of May 23, 2024, of time-based restricted share units with respect to 106,042 ordinary shares of SGH (the “RSUs”) and performance-based restricted share units with respect to 106,042 ordinary shares of SGH at the target level (the “PSUs”).

SMART Global Holdings, Inc. (“SGH” or the “Company”) (NASDAQSGH) today announced that Ken Rizvi, senior vice president and chief financial officer (“CFO”), will depart the Company on June 30, 2024 to pursue another opportunity. Effective upon Mr. Rizvi’s departure, Jack Pacheco, the Company’s chief operating officer (“COO”) and president of Memory Solutions, and its former CFO, will assume the role of interim CFO while the Company searches for a permanent successor.

SMART Global Holdings, Inc. (“SGH” or the “Company”) (NASDAQSGH) today announced that it will host an Analyst Day in New York City on Tuesday, July 16, 2024, at 10 a.m. Eastern Time. Live and on-demand webcasts of the event will be available on the SGH Investor Relations website for those unable to attend in person. Additional details, including registration instructions, will be provided closer to the event date.

SMART Global Holdings, Inc. (“SGH” or the “Company”) (NASDAQSGH) today reported financial results for the second quarter of fiscal 2024.

SMART Global Holdings, Inc. (“SGH” or the “Company”) (Nasdaq: SGH) today announced that the company will host its quarterly financial webcast and conference call for its second quarter fiscal year 2024 earnings after market close on Tuesday, April 9, 2024, beginning at 1:30 p.m. Pacific Time (PT) / 4:30 p.m. Eastern Time (ET). Financial results will be issued in a press release prior to the conference call.

SMART Global Holdings, Inc. (“SGH” or the “Company”) (NASDAQSGH) today reported financial results for the first quarter of fiscal 2024.

SMART Global Holdings, Inc. (“SGH” or the “Company”) (Nasdaq: SGH) today announced that the company will host its quarterly financial webcast and conference call for its first quarter fiscal year 2024 earnings after market close on Tuesday, January 9, 2024, beginning at 1:30 p.m. Pacific Time (PT) / 4:30 p.m. Eastern Time (ET). Financial results will be issued in a press release prior to the conference call.

SMART Global Holdings, Inc. (“SGH” or the “Company”) (Nasdaq: SGH) today announced that the Company, through its wholly owned subsidiary SMART Modular Technologies (LX) S.à.r.l., completed its previously announced sale of 81% of SMART Modular Technologies do Brasil – Indústria e Comercio de Componentes Ltda. (“SMART Brazil”) to Lexar Europe B.V., an affiliate of Shenzhen Longsys Electronics Co., Ltd.

Penguin Solutions, an SGH brand (Nasdaq: SGH) that designs, builds, deploys, and manages AI and accelerated computing infrastructures at scale, today announced the HPC and AI solutions it will showcase at Supercomputing 2023 (SC23) in Denver on November 12-17 in booth #843. Penguin’s booth will feature four innovative technology demonstration pods, a dedicated AI Lounge sponsored by NVIDIA, an espresso/coffee bar, and private meeting rooms to connect one-on-one with Penguin experts and executives.

SMART Global Holdings, Inc. (“SGH” or the “Company”) (NASDAQSGH) today reported financial results for the fourth quarter and full year fiscal 2023.

SMART Global Holdings, Inc. (“SGH”) (Nasdaq: SGH) today released the SGH 2022 ESG Report, the third annual record of SGH’s progress toward its environmental, social, and governance (ESG) goals. The report provides an account of the company’s progress toward its commitments to source and manufacture ethically and sustainably; maintain the highest standards for ethical governance; hire inclusively to develop a diverse and equitable workforce; and invest in the local communities in which it operates.

SMART Global Holdings, Inc. (“SGH” or the “Company”) (Nasdaq: SGH) today announced that the company will host its quarterly financial webcast and conference call for its fourth quarter fiscal year 2023 earnings after market close on Thursday, October 12, 2023, beginning at 1:30 p.m. Pacific Time (PT) / 4:30 p.m. Eastern Time (ET). Financial results will be issued in a press release prior to the conference call.

Penguin Solutions™, an SGH™ brand (Nasdaq: SGH) that designs, builds, deploys, and manages AI and accelerated computing infrastructures at scale, today announced that it has been certified by NVIDIA to support enterprises deploying NVIDIA DGX™ AI computing platforms under the NVIDIA DGX-Ready Managed Services program.

SMART Global Holdings, Inc. (“SGH”) (Nasdaq: SGH) today announced the appointment of Mary G. Puma to its board of directors, effective July 15, 2023. Puma previously served as president and CEO of Axcelis Technologies, Inc. (“Axcelis”), a publicly held company engaged in the supply of capital equipment for the semiconductor chip manufacturing industry, from January 2002 to May 2023.

SMART Global Holdings, Inc. (“SGH” or “Company”) (Nasdaq: SGH) today announced an expanded role for Dave Laurello, formerly Stratus Technologies’ CEO, who will now lead the Company’s Intelligent Platform Solutions (“IPS”) business, which includes both Penguin Solutions and Stratus. Laurello joined the Company’s leadership team last year when SGH acquired Stratus; the acquisition closed in August 2022. SGH’s IPS group offers integrated platforms and services for high-performance, edge, and cloud computing.

SMART Global Holdings, Inc. (“SGH” or the “Company”) (NASDAQSGH) today reported financial results for the third quarter of fiscal 2023.

SMART Global Holdings, Inc. (“SGH” or the “Company”) (NASDAQSGH) today announced that the Company, through its wholly owned subsidiary SMART Modular Technologies (LX) S.à.r.l., has entered into an agreement to sell an 81% interest in SMART Modular Technologies do Brasil – Indústria e Comércio de Componentes Ltda. (“SMART Brazil”) to Lexar Europe B.V., an affiliate of Shenzhen Longsys Electronics Co., Ltd. for approximately $166 million in cash consideration. The purchase price values 100% of SMART Brazil at an initial enterprise value of $205 million.

SMART Global Holdings, Inc. (“SGH” or the “Company”) (Nasdaq: SGH) today announced that the company will host its quarterly financial webcast and conference call for its third quarter fiscal year 2023 earnings after market close on Thursday, June 29, 2023, beginning at 1:30 p.m. Pacific Daylight Time (PDT) / 4:30 p.m. Eastern Daylight Time (EDT). Financial results will be issued in a press release prior to the conference call.

SMART Global Holdings, Inc. (“SGH”) (Nasdaq: SGH) today announced the appointment of Michael Wellman as the Company’s Chief Human Resources Officer. Wellman will lead the company’s worldwide Human Resources organization with a focus on developing and executing employee programs centered on engaging and motivating teams to drive the company’s strategic priorities.

SMART Global Holdings, Inc. (“SGH” or the “Company”) (NASDAQSGH) today reported financial results for the second quarter of fiscal 2023.

SMART Global Holdings, Inc. (“SGH” or the “Company”) (Nasdaq: SGH) today announced that the company will host its quarterly financial conference call and webcast for its second quarter fiscal year 2023 earnings after market close on Tuesday, April 4, 2023, beginning at 1:30 p.m. Pacific Daylight Time (PDT) / 4:30 p.m. Eastern Daylight Time (EDT). Financial results will be issued in a press release prior to the conference call.

SMART Global Holdings, Inc. (“SGH” or the “Company”) (NASDAQSGH) today announced that it has entered into separate, privately negotiated exchange agreements (the “Exchange Agreements”) with a limited number of holders, who are qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and institutional accredited investors, of its 2.25% convertible senior notes due 2026 (the “Existing Convertible Notes”). Pursuant to the Exchange Agreements, SGH will exchange $150.0 million in aggregate principal amount of the Existing Convertible Notes for (i) $150.0 million in aggregate principal amount of new 2.000% convertible senior notes due 2029 (the “New Convertible Notes”) and (ii) an aggregate of approximately $15.6 million in cash, with such cash payment representing the premium paid for the Existing Convertible Notes in excess of par value and accrued and unpaid interest on the Existing Convertible Notes (collectively, the “Exchange Transactions”). In connection with the Exchange Transactions, SGH also intends to repurchase approximately 325,000 of SGH’s outstanding ordinary shares for approximately $5.4 million (the “Ordinary Share Repurchase Transactions”). The Exchange Transactions are expected to settle on or about January 23, 2023, subject to customary closing conditions.

SMART Global Holdings, Inc. (“SGH” or the “Company”) (NASDAQSGH) today reported financial results for the first quarter of fiscal 2023. Per share measures for all periods reflect the effect of the February 2022 two-for-one share split.

SMART Global Holdings, Inc. (“SGH” or the “Company”) (Nasdaq: SGH) today announced that the company will host its quarterly financial conference call and webcast for its first quarter fiscal year 2023 earnings after market close on Tuesday, January 3, 2023, beginning at 1:30 p.m. Pacific Standard Time (PST) / 4:30 p.m. Eastern Standard Time (EST). Financial results will be issued in a press release prior to the conference call.

SMART Global Holdings, Inc. (“SGH”) (Nasdaq: SGH) today released the SGH 2021 ESG Report, the second annual record of SGH’s progress toward its environmental, social, and governance (ESG) goals. The report details SGH’s ongoing efforts to deliver on the company’s global sustainability initiatives. The company’s latest commitment to reach net zero Scope 1 and Scope 2 carbon emissions by 2030 marks the next step in a sustainability journey that began with last year’s commitment to leverage renewable sources for 75% of its global energy. Next year, SGH will begin the process of validating its carbon targets through the Science Based Targets initiative (SBTi).

SMART Global Holdings, Inc. (“SGH” or the “Company”) (NASDAQSGH) today reported financial results for the fourth quarter and full year fiscal 2022. Per share measures for all periods reflect the effect of the February 2022 two-for-one share split.

SMART Global Holdings, Inc. (“SGH” or the “Company”) (Nasdaq: SGH) today announced that the company will host its quarterly financial conference call and webcast for its fourth quarter fiscal year 2022 earnings after market close on Tuesday, October 4, 2022, beginning at 1:30 p.m. Pacific Standard Time (PST) / 4:30 p.m. Eastern Standard Time (EST). Financial results will be issued in a press release prior to the conference call.

SMART Global Holdings, Inc. (“SGH”) (Nasdaq: SGH), today announced that the independent Compensation Committee of the Board of Directors of SGH has approved the grant, as of August 29, 2022, of restricted share units (“RSUs”) with respect to an aggregate of 372,347 ordinary shares of SGH to 273 non-executive employees who joined the SGH group as a result of SGH’s acquisition of Stratus Technologies (“Stratus”), which was completed on August 29, 2022.

SMART Global Holdings, Inc. (“SGH” or the “Company”) (Nasdaq: SGH) today announced that it has completed its previously announced acquisition of Stratus Technologies (“Stratus”), a global leader in simplified, protected, and autonomous computing solutions in the data center and at the Edge.

SMART Global Holdings, Inc. (“SGH”) (Nasdaq: SGH) today announced the appointment of Mark Papermaster, chief technology officer and executive vice president of technology and engineering at Advanced Micro Devices, Inc. (Nasdaq: AMD), to its board of directors, effective August 22, 2022.

SMART Global Holdings, Inc. (“SGH” or the “Company”) (Nasdaq: SGH) today announced that it has entered into a definitive agreement with affiliates of Siris Capital Group, LLC, to acquire Stratus Technologies (“Stratus”), a global leader in simplified, protected, and autonomous computing solutions in the data center and at the Edge. Under the terms of the agreement, SGH will pay $225 million in cash at closing and an earn-out payment of up to $50 million, based on the gross profit performance of the Stratus business during the first full 12 fiscal months of Stratus following the closing.

SMART Global Holdings, Inc. ("SGH" or the "Company") (NASDAQSGH) today reported financial results for the third quarter of fiscal 2022. Per share measures for all periods reflect the effect of the February 2022 two-for-one share split.

SMART Global Holdings, Inc. (“SGH” or the “Company”) (Nasdaq: SGH) today announced that the company will host its quarterly financial conference call and webcast for its third quarter fiscal year 2022 earnings after market close on Wednesday, June 29, 2022, beginning at 1:30 p.m. Pacific Daylight Time (PDT) / 4:30 p.m. Eastern Daylight Time (EDT). Financial results will be issued in a press release prior to the conference call.

SMART Global Holdings, Inc. (“SGH” or the “Company”) (Nasdaq: SGH) announced today that members of its management team will present at the following investor conferences:

CreeLED, Inc. (“Cree LED”), a SMART Global Holdings company (Nasdaq: SGH), announced that it has filed a patent infringement lawsuit in the United States District Court for the Western District of New York against Star Headlight & Lantern Co., Inc. (“Star”). The lawsuit asserts that Star has infringed Cree LED’s rights in four United States patents (U.S. Patent Nos. 8,884,510; 9,048,396; 9,865,780; and D718,258) by selling a DLITE product that incorporates six infringing LED packages.

SMART Global Holdings, Inc. ("SGH" or the "Company") (NASDAQSGH) today reported financial results for the second quarter of fiscal 2022. Per share measures for all periods reflect the effect of the February 2022 two-for-one share split.

SMART Global Holdings, Inc. (“SGH” or the “Company”) (Nasdaq: SGH) today announced that the Company will host its quarterly financial conference call and webcast for its second quarter fiscal year 2022 earnings after market close on Tuesday, April 5, 2022, beginning at 1:30 p.m. Pacific Daylight Time (PDT) / 4:30 p.m. Eastern Daylight Time (EDT). Financial results will be issued in a press release prior to the conference call.

SMART Global Holdings, Inc. (“SGH”) (Nasdaq: SGH) today announced that Penny Herscher, a current member of its board of directors, has been unanimously elected chair of its board of directors.

SMART Global Holdings, Inc. ("SGH" or the "Company") (NASDAQSGH) today announced that it has completed refinancing transactions via a $275 million Term Loan A Facility and a $250 million undrawn Revolving Credit Facility (collectively, the “Credit Facilities”).

SMART Global Holdings, Inc. (“SGH” or the “Company”) (NASDAQSGH) today reported financial results for the first quarter of fiscal 2022.

SMART Global Holdings, Inc. (“SGH” or the “Company”) (Nasdaq: SGH) today announced that Silver Lake-nominated directors Ajay Shah and Jason White will not stand for re-election at the SGH 2022 annual meeting of shareholders, following Silver Lake’s recent sell down of its ownership position in the Company. Mukesh Patel, director and co-founder, will also step down as of the 2022 annual meeting.

SMART Global Holdings, Inc. (“SGH” or the “Company”) (Nasdaq: SGH) today announced that the company will host its quarterly financial conference call and webcast for its first quarter fiscal year 2022 earnings after market close on Tuesday, January 4, 2022, beginning at 1:30 p.m. Pacific Standard Time (PST) / 4:30 p.m. Eastern Standard Time (EST). Financial results will be issued in a press release prior to the conference call.

SMART Global Holdings, Inc. (“SGH” or the “Company”) (Nasdaq: SGH) announced today that members of its management team will present at the following virtual investor conferences:

SMART Global Holdings, Inc. (“SGH” or the “Company”) (Nasdaq: SGH) today reported financial results for the fourth quarter and full year fiscal 2021.

SMART Global Holdings, Inc. (“SGH”) (Nasdaq: SGH) today announced the appointment of Penny Herscher, chair of the board of directors at Lumentum Holdings Inc., to its board of directors and as a member of its Nominating and Governance Committee, effective September 24, 2021.

SMART Global Holdings, Inc. (“SGH”) (Nasdaq: SGH), will report financial results for its fourth quarter and fiscal year 2021 after market close on Tuesday, October 12, 2021. The Company will host a conference call and corresponding webcast at 1:30 p.m. Pacific Time (PDT) / 4:30 p.m. Eastern Time (EDT) to discuss the financial results and provide a business outlook.

SMART Global Holdings, Inc. (“SGH”) (Nasdaq: SGH) today announced that SGH executive management will participate in the following investor events:

SMART Global Holdings, Inc. (“SGH” or the “Company”) (Nasdaq: SGH) today announced the pricing of a proposed underwritten public offering of 3,000,000 of its ordinary shares by certain selling shareholders affiliated with Silver Lake (the “Selling Shareholders”) at a price to the public of $51.00 per share. The Company is not selling any of its ordinary shares in the offering and will not receive any of the proceeds from the sale of its ordinary shares by the Selling Shareholders.

SMART Global Holdings, Inc. (“SGH” or the “Company”) (Nasdaq: SGH) today announced the launch of a proposed underwritten public offering of 3,000,000 of its ordinary shares by certain selling shareholders affiliated with Silver Lake (the “Selling Shareholders”). The Company is not selling any of its ordinary shares in the offering and will not receive any of the proceeds from the sale of its ordinary shares by the Selling Shareholders.

SMART Global Holdings, Inc. (“SGH” or the “Company”) (NASDAQSGH) today reported financial results for the third quarter of fiscal 2021.

SMART Global Holdings, Inc. (“SGH”) (Nasdaq: SGH) will report financial results for its third quarter of fiscal year 2021 after market close on Tuesday, July 6, 2021. The company will host a conference call and corresponding webcast at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time to discuss the financial results and provide a business outlook. Participants may listen to the conference call by dialing 844-912-3896 (domestic) or 236-714-3344 (international), along with access code 4549154.

SMART Global Holdings, Inc. (“SGH” or the “Company”) (Nasdaq: SGH), today reported financial results for the second quarter fiscal 2021 ended February 26, 2021.