SMART GLOBAL HOLDINGS – SGH


Associated tags: Engineering, SGH, Memory, LED, Semiconductor, Hardware, Data Management, SMART, Software, Other Technology

Locations: CALIFORNIA, UNITED STATES, NORTH AMERICA, BRAZIL, NEW YORK, NORTH CAROLINA

Save the Date: SGH Analyst Day on July 16, 2024

Retrieved on: 
Thursday, May 9, 2024

SMART Global Holdings , Inc. (“SGH” or the “Company”) (NASDAQ: SGH ) today announced that it will host an Analyst Day in New York City on Tuesday, July 16, 2024, at 10 a.m. Eastern Time.

Key Points: 
  • SMART Global Holdings , Inc. (“SGH” or the “Company”) (NASDAQ: SGH ) 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.

SGH Reports Second Quarter Fiscal 2024 Financial Results

Retrieved on: 
Tuesday, April 9, 2024

SGH will hold a conference call and webcast to discuss the second quarter of fiscal 2024 results and related matters today, April 9, 2024, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).

Key Points: 
  • SGH will hold a conference call and webcast to discuss the second quarter of fiscal 2024 results and related matters today, April 9, 2024, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).
  • SGH management uses non-GAAP measures to supplement SGH’s financial results under GAAP.
  • Management believes the presentation of operating results that exclude certain items provides useful supplemental information to investors and facilitates the analysis of the Company’s core operating results and comparison of operating results across reporting periods.
  • Non-GAAP financial measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP, as they exclude important information about SGH’s financial results, as noted above.

SGH Reports First Quarter Fiscal 2024 Financial Results

Retrieved on: 
Tuesday, January 9, 2024

SGH will hold a conference call and webcast to discuss the first quarter of fiscal 2024 results and related matters today, January 9, 2024, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).

Key Points: 
  • SGH will hold a conference call and webcast to discuss the first quarter of fiscal 2024 results and related matters today, January 9, 2024, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).
  • SGH management uses non-GAAP measures to supplement SGH’s financial results under GAAP.
  • Management believes the presentation of operating results that exclude certain items provides useful supplemental information to investors and facilitates the analysis of the Company’s core operating results and comparison of operating results across reporting periods.
  • Non-GAAP financial measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP, as they exclude important information about SGH’s financial results, as noted above.

SGH Reports Fourth Quarter and Full Year Fiscal 2023 Financial Results

Retrieved on: 
Thursday, October 12, 2023

SGH will hold a conference call and webcast to discuss the fourth quarter and full year fiscal 2023 results and related matters today, October 12, 2023, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).

Key Points: 
  • SGH will hold a conference call and webcast to discuss the fourth quarter and full year fiscal 2023 results and related matters today, October 12, 2023, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).
  • Interested parties may access the call by dialing +1-833-470-1428 in the U.S. or +1-929-526-1599 from international locations, using the access code 759938.
  • SGH management uses non-GAAP measures to supplement SGH’s financial results under GAAP.
  • Non-GAAP financial measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP, as they exclude important information about SGH’s financial results, as noted above.

SGH Appoints Mary G. Puma as Independent Member of Board of Directors

Retrieved on: 
Wednesday, July 19, 2023

SMART Global Holdings , Inc. (“SGH”) (Nasdaq: SGH ) today announced the appointment of Mary G. Puma to its board of directors, effective July 15, 2023.

Key Points: 
  • SMART Global Holdings , Inc. (“SGH”) (Nasdaq: SGH ) today announced the appointment of Mary G. Puma to its board of directors, effective July 15, 2023.
  • View the full release here: https://www.businesswire.com/news/home/20230719761897/en/
    SGH (SMART Global Holdings) today announced the appointment of Mary G. Puma to its board of directors, effective July 15, 2023.
  • (Photo: Business Wire)
    "We are excited to welcome Mary to our board,” said Mark Adams.
  • Puma has served as executive chairperson of the board at Axcelis since May 2023, and previously served as chairperson of the board from 2005 to 2015.

Laurello to Lead SGH’s IPS Business

Retrieved on: 
Thursday, June 29, 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.

Key Points: 
  • 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.
  • View the full release here: https://www.businesswire.com/news/home/20230629587720/en/
    SGH (SMART Global Holdings) today announced an expanded role for Dave Laurello, formerly Stratus Technologies’ CEO, who will now lead SGH's Intelligent Platform Solutions (IPS) business, which includes Penguin Solutions and Stratus Technologies.
  • “His experience building and leading organizational teams serving large enterprise customers will help drive IPS on a go-forward basis.”
    Laurello brings nearly 25 years of leadership experience to SGH’s IPS business.

SGH Reports Third Quarter Fiscal 2023 Financial Results

Retrieved on: 
Thursday, June 29, 2023

SGH will hold a conference call and webcast to discuss the third quarter of fiscal 2023 results and related matters today, June 29, 2023, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).

Key Points: 
  • SGH will hold a conference call and webcast to discuss the third quarter of fiscal 2023 results and related matters today, June 29, 2023, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).
  • SGH management uses non-GAAP measures to supplement SGH’s financial results under GAAP.
  • Management believes the presentation of operating results that exclude certain items provides useful supplemental information to investors and facilitates the analysis of the Company’s core operating results and comparison of operating results across reporting periods.
  • Non-GAAP financial measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP, as they exclude important information about SGH’s financial results, as noted above.

SGH Strengthens Leadership Team

Retrieved on: 
Monday, April 10, 2023

SMART Global Holdings , Inc. (“SGH”) (Nasdaq: SGH ) today announced the appointment of Michael Wellman as the Company’s Chief Human Resources Officer.

Key Points: 
  • SMART Global Holdings , Inc. (“SGH”) (Nasdaq: SGH ) today announced the appointment of Michael Wellman as the Company’s Chief Human Resources Officer.
  • View the full release here: https://www.businesswire.com/news/home/20230406005716/en/
    Michael Wellman has been appointed as Chief Human Resources Officer for SMART Global Holdings (SGH).
  • (Photo: Business Wire)
    “At SGH, our core values start with putting our people first,” said SGH CEO Mark Adams.
  • Before joining SGH, he held various executive leadership roles in human resources, including at TTEC, WellCare Health Plans, and Sitel Corporation.

SGH Reports Second Quarter Fiscal 2023 Financial Results

Retrieved on: 
Tuesday, April 4, 2023

SGH will hold a conference call and webcast to discuss the second quarter of fiscal 2023 results and related matters today, April 4, 2023, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).

Key Points: 
  • SGH will hold a conference call and webcast to discuss the second quarter of fiscal 2023 results and related matters today, April 4, 2023, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).
  • These risks, uncertainties and factors could cause SGH’s actual results to differ materially from those set forth in such forward-looking statements.
  • SGH management uses non-GAAP measures to supplement SGH’s financial results under GAAP.
  • Non-GAAP financial measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP, as they exclude important information about SGH’s financial results, as noted above.

SGH Announces Exchange of $150.0 Million of its Existing 2.25% Convertible Senior Notes due 2026 for 2.000% Convertible Senior Notes due 2029 and Repurchase of Approximately 325,000 of its Ordinary Shares

Retrieved on: 
Thursday, January 19, 2023

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”).

Key Points: 
  • 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”).
  • Upon completion of the Exchange Transactions, the aggregate principal amount of the Existing Convertible Notes outstanding will be $100.0 million, and the aggregate principal amount of the New Convertible Notes outstanding will be $150.0 million.
  • SGH will not receive any cash proceeds from the issuance of the New Convertible Notes pursuant to the Exchange Transactions.
  • The New Convertible Notes will mature on February 1, 2029 (the “Maturity Date”), unless earlier repurchased, redeemed or converted.