Peraso Inc. announced that Chief Financial Officer James Sullivan will resign effective October 2, 2026, for personal reasons. CEO Ronald Glibbery will assume the role of interim CFO. Additionally, the company reported results from its 2026 Annual Meeting of Stockholders, where stockholders approved a significant increase to its stock incentive plan and the issuance of shares related to a financing agreement.
Key Details
- CFO Departure: James Sullivan will resign as Chief Financial Officer and Secretary effective October 2, 2026. The filing states the resignation was not the result of any disagreement with the company.
- Interim Leadership: CEO Ronald Glibbery has been appointed to serve as interim CFO, effective October 2, 2026, and will not receive additional compensation for the role.
- Stock Plan Expansion: At the Annual Meeting on September 10, 2026, stockholders approved an amendment to the 2019 Stock Incentive Plan, increasing the number of shares reserved for issuance by 1,500,000.
- Financing Agreement Approval: Shareholders also approved the issuance of common stock to Roth Principal Investments, LLC, pursuant to a Common Stock Purchase Agreement dated June 30, 2026.