Penguin Solutions Management
Management criteria checks 3/4
Penguin Solutions' CEO is Mark Adams, appointed in Aug 2020, has a tenure of 4.25 years. total yearly compensation is $3.21M, comprised of 23.3% salary and 76.7% bonuses, including company stock and options. directly owns 1.67% of the company’s shares, worth €14.09M. The average tenure of the management team and the board of directors is 2.8 years and 4.9 years respectively.
Key information
Mark Adams
Chief executive officer
US$3.2m
Total compensation
| CEO salary percentage | 23.3% |
| CEO tenure | 4.3yrs |
| CEO ownership | 1.7% |
| Management average tenure | 2.8yrs |
| Board average tenure | 4.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Aug 30 2024 | n/a | n/a | -US$44m |
| May 31 2024 | n/a | n/a | US$45m |
| Mar 01 2024 | n/a | n/a | US$20m |
| Dec 01 2023 | n/a | n/a | US$24k |
| Aug 25 2023 | US$3m | US$750k | US$8m |
| May 26 2023 | n/a | n/a | -US$81m |
| Feb 24 2023 | n/a | n/a | -US$37m |
| Nov 25 2022 | n/a | n/a | -US$2m |
| Aug 26 2022 | US$7m | US$750k | US$22m |
| May 27 2022 | n/a | n/a | US$67m |
| Feb 25 2022 | n/a | n/a | US$36m |
| Nov 26 2021 | n/a | n/a | US$39m |
| Aug 27 2021 | US$15m | US$750k | -US$43m |
Compensation vs Market: Mark's total compensation ($USD3.21M) is above average for companies of similar size in the German market ($USD1.42M).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
CEO
Mark Adams (60 yo)
4.3yrs
Tenure
US$3,214,342
Compensation
Mr. Mark W. Adams is Independent Director of Seagate Technology Holdings plc from October 19, 2024. Mr. Adams has been President and Chief Executive Officer of Penguin Solutions, Inc. (formerly known as SM...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.3yrs | US$3.21m | 1.67% € 14.1m | |
| Executive VP | 13.1yrs | US$1.61m | 0.33% € 2.8m | |
| Senior VP & President of LED Solutions | 2.2yrs | US$1.61m | 0.077% € 647.9k | |
| Senior VP & CFO | less than a year | no data | no data | |
| Chief Technology Officer | less than a year | no data | no data | |
| Head of Investor Relation | no data | no data | no data | |
| Senior VP & Chief Legal Officer | 3.6yrs | US$1.49m | 0.084% € 709.6k | |
| Senior Director of Worldwide Sales | 2.8yrs | no data | no data | |
| Vice President of Global Marketing | less than a year | no data | no data | |
| Chief Human Resources Officer | 1.6yrs | no data | no data | |
| Senior Vice President of Specialty Memory | 17.1yrs | US$1.18m | no data | |
| Senior VP of Specialty Compute & Storage Solutions and CEO of Penguin Computing | 6.1yrs | US$1.41m | no data |
2.8yrs
Average Tenure
61yo
Average Age
Experienced Management: 850's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.2yrs | US$3.21m | 1.67% € 14.1m | |
| Independent Director | 7.2yrs | US$239.99k | 0.096% € 814.1k | |
| Independent Director | 1.3yrs | US$197.96k | 0% € 0 | |
| Independent Director | 10.2yrs | US$239.99k | 0.038% € 319.5k | |
| Independent Chair | 3.2yrs | US$264.99k | 0.0095% € 80.0k | |
| Independent Director | 6.1yrs | US$227.49k | 0.070% € 590.6k | |
| Independent Director | 5.6yrs | US$239.99k | 0.078% € 661.0k | |
| Independent Director | 2.3yrs | US$262.40k | 0.018% € 151.6k |
4.9yrs
Average Tenure
62.5yo
Average Age
Experienced Board: 850's board of directors are considered experienced (4.9 years average tenure).