Stephen Cumming was named Chief Financial Officer of Penguin Solutions, Inc. As of November 7, 2026, Penguin Solutions, Inc. has reported 4 leadership change filings to the SEC under Item 5.02 of Form 8-K, from May 18, 2026 to October 6, 2026, naming 3 appointments and 1 departure (Form 8-K, October 6, 2026).
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Key facts
- · In / out: In · Person: Stephen Cumming · Role: Chief Financial Officer · 8-K, 2026-10-06
- · In / out: Reported · Person: not named in the filing · 8-K/A, 2026-07-01
- · In / out: Out · Person: Nate Olmstead · Role: Chief Financial Officer · Effective: 2026-07-08 · 8-K, 2026-06-01
- · In / out: In · Person: David Heard · Role: Director · 8-K, 2026-05-18
Penguin Solutions, Inc. reported changes in 4 filings among its directors and officers to the SEC on Form 8-K, Item 5.02, from 2026-05-18 to 2026-10-06. They name 4 people, with 3 appointments and 1 departure. Every row below is cited to the filing it comes from, and this page adds each new change as Penguin Solutions, Inc. files it.
Also on the record for Penguin Solutions, Inc.
| Date | Record | Figure | Our page | Source |
|---|---|---|---|---|
| November 6, 2026 | Stake report, Schedule 13G/A, by FMR LLC | 7.4% of the class | 5%+ stakes | Source |
| November 5, 2026 | Stake report, Schedule 13G/A, by FMR LLC | 15% of the class | 5%+ stakes | Source |
| November 3, 2026 | Stake report, Schedule 13D, by SK hynix Inc. | 9.1% of the class | 5%+ stakes | Source |
| November 2, 2026 | Stake report, Schedule 13D/A, by SK Telecom Co., Ltd. | — | 5%+ stakes | Source |
| October 30, 2026 | Stake report, Schedule 13G/A, by Vanguard Portfolio Management | 5.84% of the class | 5%+ stakes | Source |
| October 19, 2026 | Stake report, Schedule 13G/A, by BANK OF NOVA SCOTIA | 2.53% of the class | 5%+ stakes | Source |
| August 13, 2026 | Stake report, Schedule 13G, by Invesco Ltd. | 7.6% of the class | 5%+ stakes | Source |
| August 13, 2026 | Stake report, Schedule 13G/A, by Invesco Ltd. | 9% of the class | 5%+ stakes | Source |
| August 6, 2026 | Stake report, Schedule 13G/A, by FMR LLC | 12.4% of the class | 5%+ stakes | Source |
| July 28, 2026 | Stake report, Schedule 13D/A, by SK Telecom Co., Ltd. | 10.3% of the class | 5%+ stakes | Source |
| July 15, 2026 | Stake report, Schedule 13G, by BANK OF NOVA SCOTIA | 8.52% of the class | 5%+ stakes | Source |
| May 7, 2026 | Stake report, Schedule 13G/A, by FMR LLC | 10.6% of the class | 5%+ stakes | Source |
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Penguin Solutions, Inc. elsewhere on the record
- 5%+ stake filings Nov 2026
- Who owns it
Companies that share a holder
- Crosslink Capital, Inc. also filed stake reports on 4 other companies: WEAVE COMMUNICATIONS, INC. (Oct 2026), SunPower Inc. (Sep 2026), i3 Verticals, Inc. (Aug 2026)
- BANK OF NOVA SCOTIA also filed stake reports on 19 other companies: CENTRUS ENERGY CORP (Oct 2026), CLEANSPARK, INC. (Oct 2026), Haymaker Acquisition Corp V (Oct 2026)
- Invesco Ltd. also filed stake reports on 83 other companies: Alignment Healthcare Inc (Aug 2026), ArcBest Corp (Aug 2026), ARKO Petroleum Corp (Aug 2026)
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The newest 12 of 20 records.
Timeline
| Filed | In / out | Person | Role | Effective | Source |
|---|---|---|---|---|---|
| 2026-10-06 | In | Chief Financial Officer | 8-K, 2026-10-06 | ||
| 2026-07-01 | Reported | not named in the filing | 8-K/A, 2026-07-01 | ||
| 2026-06-01 | Out | Chief Financial Officer | 2026-07-08 | 8-K, 2026-06-01 | |
| 2026-06-01 | In | Vice President, Finance and Accounting | 2026-07-09 | 8-K, 2026-06-01 | |
| 2026-05-18 | In | Director | 8-K, 2026-05-18 |
Who leads Penguin Solutions, Inc., as last reported?
For each role that changed in the filings below, the most recent change reported. A role that did not change in these filings is not listed.
- Chief Financial Officer: Stephen Cumming, appointed (filed 2026-10-06).
- Vice President, Finance and Accounting: Aaron Johnson, appointed, effective 2026-07-09 (filed 2026-06-01).
- Director: David Heard, appointed (filed 2026-05-18).
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Find candidates like Chief Financial Officer at Penguin Solutions, Inc.Every change, in the filing's words
Appointed: Stephen Cumming, Chief Financial Officer
On October 6, 2026, the Company announced that its board of directors (the "Board") had appointed Stephen Cumming to serve as the Company's Senior Vice President and Chief Financial Officer ("CFO"), effective immediately.
- Mr. Cumming will also serve as the Company's principal financial officer and principal accounting officer, and succeeds Aaron Johnson, who had served as the Company's interim CFO and principal financial and accounting officer since July 9, 2026.
- Effective October 6, 2026, Mr. Johnson returned to his role as the Company's Vice President, Finance and Accounting.
- No new compensatory arrangements have been entered into with Mr. Johnson in connection with his return to his prior role.
- Before joining the Company, Mr. Cumming, age 56, served as Chief Financial Officer of Edgio, Inc., a provider of content delivery network, cybersecurity, and edge computing services, from 2022 to 2025.
- Prior to Edgio, Mr. Cumming served as Senior Vice President and Chief Financial Officer of Cambium Networks Corporation, a global provider of networking solutions, from 2018 to 2022, during which time he oversaw the company's initial public offering in 2019.
- Mr. Cumming has also held senior finance positions at Kenandy, Inc., Atmel Corporation, Fairchild Semiconductor International, Inc., and National Semiconductor Corporation.
- Mr. Cumming holds a Bachelor of Science in Business from the University of Surrey in the United Kingdom and is a UK Chartered Management Accountant.
Reported
There are no other new compensatory arrangements with Mr. Johnson in connection with his appointment as interim CFO.
- As previously disclosed, on May 31, 2026, the Company's Board of Directors (the "Board") appointed Aaron Johnson as the Company's interim Chief Financial Officer ("interim CFO") and principal financial and accounting officer, effective July 9, 2026.
- On June 25, 2026, the Compensation Committee of the Board (the "Compensation Committee") approved the following compensatory arrangements for Mr. Johnson in connection with his service as interim CFO: Interim CFO Stipend.
- The Compensation Committee approved a monthly stipend of $10,000, prorated based on actual time served in the interim CFO role, commencing on the first day of Mr. Johnson's active service as interim CFO and ending on the final day of his active service in such role.
- The stipend is excluded from annual incentive plan calculations.
- The Compensation Committee approved a grant of 5,153 time-based restricted stock units ("RSUs") under the Company's Amended and Restated 2017 Stock Incentive Plan (the "2017 Plan").
- The RSUs will vest as to 25% on July 20, 2027, with the remainder vesting in 12 equal quarterly installments thereafter, subject to Mr. Johnson's continued service through each applicable vesting date.
- The RSUs are subject to the terms and conditions of the 2017 Plan and the applicable award agreement.
Departing: Nate Olmstead, Chief Financial Officer, effective 2026-07-08
On May 26, 2026, Nate Olmstead notified Penguin Solutions, Inc. (the "Company") of his decision to resign as the Company's Senior Vice President and Chief Financial Officer ("CFO"), effective as of July 8, 2026, to pursue another opportunity in a different industry.
Appointed: Aaron Johnson, Vice President, Finance and Accounting, effective 2026-07-09
On May 31, 2026, the board of directors of the Company appointed Aaron Johnson, the Company's Vice President, Finance and Accounting, as interim CFO and as the Company's principal financial and accounting officer, succeeding Mr. Olmstead in these positions effective as of July 9, 2026, on an interim basis until the Company appoints a successor.
- His departure is not the result of any disagreement with the Company on any matter relating to its 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 from the Company.
- Mr. Johnson, age 47, has served in his current role since joining the Company in June 2024.
- Prior to joining the Company, Mr. Johnson served at NETGEAR, Inc., a global networking company, as Vice President, Finance from September 2022 to May 2024, and as Senior Director, Assistant Controller from January 2022 to September 2022.
- Prior to joining NETGEAR, Mr. Johnson served at Power Integrations, Inc., a semiconductor company, from June 2015 to January 2022, most recently as Assistant Corporate Controller from November 2018 to January 2022.
- Earlier roles included positions at Xilinx, Inc. (acquired by Advanced Micro Devices, Inc.) and PricewaterhouseCoopers.
- Mr. Johnson is a certified public accountant (inactive) in California and holds a Master of Business Administration from the University of Louisiana at Lafayette and a Bachelor of Science in Business Administration and Accounting from San Jose State University.
- No new compensatory arrangements have been entered into with Mr. Johnson in connection with his appointment as interim CFO.
Appointed: David Heard, Director
On May 18, 2026, the board of directors (the "Board") of Penguin Solutions, Inc. (the "Company") increased the authorized size of the Board to eight members, and upon the recommendation of the Nominating and Corporate Governance Committee of the Board, appointed David Heard to the Board and as a member of the Compensation Committee of the Board, effective immediately.
- Mr. Heard will serve as a Class I director, with an initial term expiring at the Company's 2029 annual meeting of stockholders and until his successor is elected and qualified or until his earlier death, resignation, disqualification, or removal.
- Mr. Heard, age 58, has served as President of Network Infrastructure at Nokia, a global leader in fixed and mobile broadband infrastructure, since June 2025.
- Mr. Heard joined Nokia in February 2025 as Chief Strategic Growth Officer, Network Infrastructure in connection with Nokia's acquisition of Infinera Corporation, a technology leader in optical systems, optical semiconductors and software-defined bandwidth.
- Prior to joining Nokia, Mr. Heard served at Infinera Corporation as Chief Executive Officer from November 2020 to February 2025, as Chief Operating Officer from October 2018 to November 2020, and as General Manager, Products and Solutions from June 2017 to October 2018.
- Earlier roles included senior positions at JDS Uniphase Corporation, BigBand Networks, Inc., Somera Communications, Inc., Lucent Technologies, and AT&T. Mr. Heard also served as a member of the board of directors of Infinera Corporation from November 2020 to February 2025 and currently serves on the Max M. Fisher College of Business Alumni Board.
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Where this comes from
A public company must file a current report on Form 8-K with the SEC within four business days when a director leaves or is elected, or when its chief executive, chief financial, chief accounting or chief operating officer, or another named executive, departs or is appointed. That disclosure goes under Item 5.02 of the report.
Every change on this page is taken from one of those filings and quoted in the company's own words, with a link to the filing, so it can be checked at the source. Where a filing names the person, the role and the date a change takes effect, they are shown beside the quote. Where it does not, the quote stands on its own. A filing states what changed; it rarely states why, and neither does this page.