Peraso Inc.
08/21/2026 | Press release | Distributed by Public on 08/21/2026 15:31
Management Change/Compensation (Form 8-K)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 21, 2026, the Compensation Committee (the "Compensation Committee") of the Board of Directors of Peraso Inc. (the "Company") approved an increase of the annual base salary, effective retroactively as of July 1, 2026, for each of the Company's executive officers, including the following named executive officers, in each case by five percent (5%) over such executive officer's then-current annual base salary:
| (i) | Ronald Glibbery, the Company's Chief Executive Officer (the "CEO"), from $400,000 to $420,000; |
| (ii) | James Sullivan, the Company's Chief Financial Officer (the "CFO"), from $305,000 to $320,250; and |
| (iii) | Bradley Lynch, the Company's Chief Operating Officer (the "COO"), from $275,000 to $288,750. |
(collectively, the "Salary Increases").
To the extent the target annual bonus opportunity and/or severance benefits of any of the CEO, the CFO or the COO under his respective employment arrangement with the Company are calculated by reference to such executive officer's annual base salary, such amounts will be recalculated based on such executive officer's increased annual base salary, effective as of the effective date of the Salary Increases.
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