SMART Global Holdings, Inc. Ordinary Shares - SGH STOCK NEWS

SMART Global Holdings (SGH) announced the appointments of three key leaders: Anne Kuykendall as General Counsel, Jean McDaniel as Vice President of the Office of Transformation, and Valerie Sassani as Vice President of Marketing and Communications. Kuykendall will oversee legal and compliance functions, while McDaniel will drive integration and standardization efforts. Sassani will enhance SGH's marketing strategy. CEO Mark Adams expressed enthusiasm for these appointments, emphasizing their potential to foster business growth and scalability.

SMART Modular Technologies, a subsidiary of SMART Global Holdings (Nasdaq: SGH), has unveiled its new DuraMemory™ high-density, low-profile DIMMs and Mini-DIMMs tailored for hyperscale data center networking. These products enhance network bandwidth and reliability, crucial for efficient data transfer. The DuraMemory solutions support various network types, particularly as 5G rollout progresses. Key benefits include a comprehensive memory portfolio, design expertise, and long-term support for OEMs, ensuring longevity and serviceability of networking equipment.

SMART Modular Technologies, a subsidiary of SMART Global Holdings (Nasdaq: SGH), has expanded its DuraFlash™ ME2 SATA SSD product line. The new additions include M.2 2242 SATA, mSATA, and Slim SATA, complementing existing offerings. These SSDs are built using Triple-Level Cell 3D NAND technology and are suitable for various applications, featuring enhanced reliability through advanced error detection and correction. Capacities range from 240GB to 1920GB, with read and write speeds up to 560MB/s and 520MB/s respectively. This expansion aims to provide customers with a broader selection of reliable storage solutions.

SMART Global Holdings (Nasdaq: SGH) will host a virtual Analyst Day on April 20, 2021, starting at 8:00 a.m. PT / 11:00 a.m. ET. CEO Mark Adams and the SGH executive team will present, followed by a live Q&A session. Attendees can register here. The event will be streamed live and archived on SGH's Investor Relations website.

SMART Global Holdings (SGH) will announce its financial results for Q2 FY21 on April 6, 2021, after market closure. A conference call is scheduled at 1:30 PM PT to discuss these results and provide a business outlook. The call can be accessed domestically at (844) 912-3896 and internationally at (236) 714-3344, using access code 8075139. Investors can also access a live webcast and a replay of the call on SGH's investor website, which will be available for one year.

SMART Global Holdings, Inc. (SGH) announced the grant of 34,009 time-based restricted share units to Thierry Pellegrino, appointed on March 8, 2021, as Senior Vice President and President of Specialty Computing. This grant was approved by the independent Compensation Committee as an inducement for Pellegrino's employment, in compliance with Nasdaq Listing Rules. The shares will vest over four years, with 25% vesting on April 20, 2022. SGH focuses on designing and manufacturing electronic products in computing, memory, and LED lighting technologies.

SMART Global Holdings (SGH) has appointed Thierry Pellegrino as Senior Vice President and President of its Specialty Computing business in Fremont, California. Pellegrino, who brings over 22 years of experience from Dell Technologies, will oversee the shift towards application-specific computing solutions for both on-premise and cloud deployments. His leadership aims to integrate the businesses of Penguin Computing, SMART Embedded Computing, and SMART Wireless Computing, focusing on innovation and expansion into new customer segments.

SMART Global Holdings (SGH) has announced the approval of restricted share units totaling 794,640 ordinary shares to 519 non-executive employees resulting from the acquisition of Cree, Inc.'s LED Products business unit, finalized on March 1, 2021. Additionally, Claude Demby, who will lead Cree LED, received 98,419 time-based restricted share units and performance-based awards totaling 15,000 shares. The vesting of these shares is contingent on employment and specific financial performance targets, promoting long-term commitment and alignment with company goals.

SMART Global Holdings (SGH) has finalized its acquisition of Cree, Inc.'s Cree LED Products business unit for an undisclosed amount, marking a significant step in SGH's growth strategy. This acquisition enhances SGH's portfolio in specialty lighting, leveraging Cree LED's strong customer relationships and R&D capabilities, supported by over 2,000 patents. The deal is anticipated to improve margins and cash flow, contributing positively to non-GAAP EPS. Claude Demby will lead the new Cree LED business unit within SGH, focusing on specialty lighting solutions.