Peraso Inc. CFO Resigns; Board Approves 1.5M-Share Plan Increase

What Happened

• Peraso Inc. announced in an 8-K that Chief Financial Officer and Secretary James Sullivan notified the company on September 8, 2026 that he will resign effective October 2, 2026 for personal reasons; the company said the resignation was not due to any disagreement with Peraso.
• The company also reported that on September 10, 2026 its stockholders approved an amendment to the Amended and Restated 2019 Stock Incentive Plan to add 1,500,000 shares for issuance under the plan.
• CEO Ronald Glibbery has been named interim Chief Financial Officer and Secretary, and designated the company’s principal financial officer and principal accounting officer, effective October 2, 2026; he will continue as CEO and will not receive additional compensation for the interim CFO role.

Key Details

• Resignation notice: James Sullivan notified Peraso on September 8, 2026; resignation effective October 2, 2026.
• Interim appointment: Ronald Glibbery (CEO and board member) serves as interim CFO/Secretary and principal financial/accounting officer starting October 2, 2026.
• Compensation: Glibbery will receive no additional salary, bonus, equity award, or other compensation for serving as interim CFO; his pay remains as previously approved for his CEO role.
• Equity plan increase: Shareholders approved a 1,500,000-share increase to the Amended and Restated 2019 Stock Incentive Plan at the company’s September 10, 2026 annual meeting.

Why It Matters

• Leadership change at the CFO level can affect investor confidence and short-term financial oversight; Peraso has named the CEO as interim CFO to ensure continuity while searching for a permanent replacement.
• The 1.5 million share increase to the stock incentive plan can dilute existing shares over time but also gives the company flexibility to grant equity to attract, retain, or incentivize employees and executives.
• Investors should note the timing (resignation effective Oct 2, 2026) and monitor future disclosures for the appointment of a permanent CFO and any material changes to executive compensation or dilution from awards under the amended plan.