Astera Labs, Inc. 8-K

What Happened
Astera Labs, Inc. announced that Chief Financial Officer Michael Tate will retire as CFO effective March 2, 2026 and will remain with the company as a Strategic Advisor to the CEO through September 1, 2026. At the same time the company appointed Desmond Lynch as its new Chief Financial Officer, also effective March 2, 2026. The company reported there were no disagreements with Mr. Tate and his retirement was not related to the company’s operations, policies or practices.

Key Details

• Michael Tate: retirement effective March 2, 2026; transition role as Strategic Advisor through September 1, 2026.
• Desmond Lynch: appointed CFO effective March 2, 2026; former SVP Finance & CFO of Rambus (Aug 2022–Feb 2026); Chartered Accountant; University of Glasgow alumnus.
• Lynch’s compensation (per offer letter): $500,000 base salary; annual bonus target 95% of base; equity awards totaling ~$9,000,000 (Long‑Term RSUs $6,000,000; Supplemental RSUs $1,000,000; PSUs $2,000,000). Long‑Term RSUs vest 25% at year 1 then quarterly over three years; Supplemental RSUs vest at year 1; PSUs vest on achievement of performance milestones.

Why It Matters
A change in the CFO is material for investors because it affects financial leadership and reporting continuity. The filing outlines a defined transition plan and the new CFO’s pay mix, including significant equity awards that could lead to additional shares if and when they vest. The company’s statement of no disagreements and the advisor transition period suggest an orderly handover of responsibilities.