Peraso Inc. has announced the resignation of its Chief Financial Officer, James Sullivan, effective October 2, 2026. Mr. Sullivan notified the company of his resignation on September 8, 2026, citing personal reasons. The filing confirms that his departure was not the result of any disagreement regarding the company's operations, policies, practices, financial statements, or disclosures.
Simultaneously, the company has increased the number of shares available for its equity incentive programs. On September 10, 2026, at the company's 2026 Annual Meeting of Stockholders, shareholders approved an amendment to the Amended and Restated 2019 Stock Incentive Plan. This amendment increases the number of shares reserved for issuance under the plan by 1,500,000 shares.
Peraso also reported the results of the 2026 Annual Meeting, which was held on September 10, 2026. Approximately 41.62% of the voting power of the outstanding shares was represented in person or by proxy. The company’s stockholders approved six proposals, including the election of directors, the ratification of the independent auditor, and the amendment to the stock incentive plan.
Regarding leadership, Ronald Glibbery, the company's Chief Executive Officer and a member of the Board, has been appointed to serve as interim Chief Financial Officer and Secretary. This appointment is effective October 2, 2026, and will continue until a successor is duly appointed and qualified. Mr. Glibbery will not receive additional compensation for this interim role.
