Aeries Technology, Inc. 8-K

What Happened Aeries Technology announced that CFO and Chief Investment Officer Daniel S. Webb agreed to resign effective March 30, 2026, pursuant to a Separation Agreement dated March 19, 2026. The company says the departure was mutual and not due to any disagreement over the company’s operations, policies, or practices. Effective March 31, 2026, Aeries’ Board appointed CEO Bhisham (Ajay) Khare to serve as the company’s Principal Financial Officer (PFO).

Key Details

• Resignation agreed March 17, 2026; separation agreement executed March 19, 2026; resignation effective March 30, 2026.
• Severance under the Separation Agreement (subject to conditions and a 7‑day revocation period): (a) 12 months of Mr. Webb’s annual base salary paid in equal installments over 12 months beginning with the first regular payroll date in June 2026; and (b) a $265,000 payment (less withholdings) paid in equal installments over six months beginning the first payroll date in May 2026.
• Mr. Webb irrevocably releases any rights to equity, stock options, restricted stock units or other ownership‑related rights (vested or unvested) as part of the agreement.
• Bhisham (Ajay) Khare, age 48, has been CEO and a director since Feb 2025 and will serve as PFO; the company states he did not enter into any material new plan, contract, or arrangement in connection with this appointment.

Why It Matters For investors, the company’s finance leadership is changing immediately: the CFO role is being vacated and the CEO will assume PFO responsibilities, which affects who signs off on financial reporting and internal financial oversight. The filing discloses the financial terms of the departing CFO’s separation (timing and amounts), and confirms the departure was mutual and not due to disagreements about company practices. Shareholders may want to monitor further disclosures for a permanent CFO appointment and any updates to corporate governance or financial reporting arrangements.