CFO Resigns, CEO Named Interim CFO; Stock Incentive Plan Amended

Peraso Inc. announced that James Sullivan resigned from his role as Chief Financial Officer and Secretary, as well as from his positions as an officer and director of the company's subsidiaries, effective October 2, 2026. The company stated that Mr. Sullivan's departure is for personal reasons and not due to any disagreement with Peraso's operations, policies, practices, financial statements, or disclosures.

Succeeding Mr. Sullivan on an interim basis will be Ronald Glibbery, the current Chief Executive Officer and a member of the Board. Mr. Glibbery will also serve as the principal financial and accounting officer, effective October 2, 2026. He will not receive any additional compensation for these interim roles, with his current compensation remaining tied to his CEO position.

In other news, stockholders at the 2026 Annual Meeting approved an amendment to the 2019 Stock Incentive Plan. This amendment increases the number of common shares reserved for issuance under the plan by 1,500,000 shares. The meeting, which had approximately 41.62% of the voting power of outstanding shares present, also saw the election of four directors, the ratification of Weinberg & Company, P.A. as independent auditors, the approval of executive compensation, and the approval of shares issuance to Roth Principal Investments, LLC.