Penguin Solutions, Inc.

Ladies and gentlemen, thank you for standing by, and welcome to the Smart Global Holdings fourth quarter fiscal 2020 earnings conference call. At this time, all participant lines are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 on your telephone. Please be advised that today's conference is being recorded. If you require any further assistance, please press star 0. I would now like to hand the conference over to your speaker today, Suzanne Schmidt, Investor Relations. Thank you. Please go ahead, ma'am.

Thank you, operator. Good afternoon, everyone, and thank you for joining us on today's earnings conference call to discuss Smart Global Holdings' fourth quarter and full year fiscal 2020 results. On the call with me today are Ajay Shah, Executive Chairman of the Board, Mark Adams, Chief Executive Officer, and Jack Pacheco, Chief Operating and Financial Officer. This call is being webcast from our website at smartgh.com. In addition, our website contains an accompanying slide presentation and the earnings press release. We encourage you to go to our website throughout the quarter for the most current information on the company, including information on the various financial conferences we will be participating in. Before we begin the call, I would like to note that today's remarks and the answers to questions may include forward-looking statements. Any statement that refers to expectations, projections, or other characterizations of future events, including financial projections and future market conditions, is a forward-looking statement. Actual results may differ materially from those expressed in these forward-looking statements. For more information, please refer to the forward-looking statements disclosures in our earnings press releases, as well as the risk factors discussed in the documents we file from time to time with the SEC including our most recent Form 10-K and Form 10-Q. We assume no obligation to update these forward-looking statements, which speak as of today. Additionally, during this call, our non-GAAP financial measures will be discussed. Reconciliations to the comparable GAAP financial measures are included in today's earnings press release. With that, I will now turn the call over to Executive Chairman of the Board, Ajay Shah.

Thank you. Thank you, Suzanne. I'd like to welcome everyone to this call and take this opportunity to introduce you all to Mark Adams, Mark's newly appointed CEO and a member of our board of directors. We are very excited that he has joined our team, and I look forward to supporting Mark and the rest of the management team in my ongoing capacity as executive chairman of the board. When I stepped into the CEO role about two years back to help lead a transformation of Smart, the company had roughly two-thirds of its revenue from memory sales in Brazil. My goal was to take this base of business that the team had built over the past 30 years to grow and diversify our revenue base into new markets while leveraging our operational strength. Since that time, we've come a long way. We've built up a specialty computing storage business that has transformed the profile of our revenue mix, improved our gross margins, and provided us with exciting new areas in which to grow. At this stage, the company now has a tremendous opportunity to build and scale our organization and to further improve our go-to-market strength and market positioning. I think you will share the enthusiasm that the board and I have that Mark is the right person to take this forward as our new CEO. I have known Mark for many years and have more recently gotten to know Mark much more personally. He brings a wealth of management and technology experience and a tremendous industry network that will be of great benefit to SMART as we move forward. With that introduction, I'll turn it over to Mark.