Peraso Inc. Elects New Directors, Updates Executive Compensation
Ticker: PRSO · Form: 8-K · Filed: Feb 14, 2025 · CIK: 890394
| Field | Detail |
|---|---|
| Company | Peraso Inc. (PRSO) |
| Form Type | 8-K |
| Filed Date | Feb 14, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001, $0.7776 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
TL;DR
Peraso adds two directors, locks in CEO/CFO pay. Board shakeup incoming?
AI Summary
Peraso Inc. announced on February 11, 2025, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Dr. Yoram Z. Ben-Ari and Mr. David J. Glick, to its Board of Directors. Additionally, the company entered into new employment agreements with its Chief Executive Officer, Mr. Ronald E. Doppenberg, and Chief Financial Officer, Mr. Jonathan D. Miller, effective February 11, 2025, detailing their compensation packages.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future performance expectations.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can indicate internal shifts or strategic realignments that may impact the company's future performance.
Key Players & Entities
- Peraso Inc. (company) — Registrant
- Dr. Yoram Z. Ben-Ari (person) — Newly Elected Director
- Mr. David J. Glick (person) — Newly Elected Director
- Mr. Ronald E. Doppenberg (person) — CEO
- Mr. Jonathan D. Miller (person) — CFO
- February 11, 2025 (date) — Effective Date of Changes
FAQ
Who are the newly elected directors to Peraso Inc.'s Board?
Dr. Yoram Z. Ben-Ari and Mr. David J. Glick were elected to Peraso Inc.'s Board of Directors.
When were the new employment agreements for the CEO and CFO effective?
The new employment agreements for CEO Ronald E. Doppenberg and CFO Jonathan D. Miller were effective February 11, 2025.
What specific items are being reported in this 8-K filing?
This 8-K reports the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, as well as financial statements and exhibits.
What is Peraso Inc.'s state of incorporation?
Peraso Inc. is incorporated in Delaware.
What was Peraso Inc.'s former company name?
Peraso Inc. was formerly known as MoSys, Inc. and MONOLITHIC SYSTEM TECHNOLOGY INC.
Filing Stats: 601 words · 2 min read · ~2 pages · Grade level 10.6 · Accepted 2025-02-14 06:05:30
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share PRSO The Nasdaq Stock Mar
- $0.7776 — stock options have an exercise price of $0.7776 per share and vest in equal monthly ins
Filing Documents
- ea0230967-8k_peraso.htm (8-K) — 27KB
- 0001213900-25-013740.txt ( ) — 196KB
- prso-20250211.xsd (EX-101.SCH) — 3KB
- prso-20250211_lab.xml (EX-101.LAB) — 33KB
- prso-20250211_pre.xml (EX-101.PRE) — 22KB
- ea0230967-8k_peraso_htm.xml (XML) — 4KB
02 Departure of Directors or Certain Officers; Election of
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Stock Option Awards to Named Executive Officers On February 11, 2025, the compensation committee of the board of directors of Peraso Inc. (the "Company") awarded 100,000 stock options to each of Ronald Glibbery, the Company's Chief Executive Officer, James Sullivan, the Company's Chief Financial Officer, and Bradley Lynch, the Company's Chief Operating Officer. The stock options have an exercise price of $0.7776 per share and vest in equal monthly installments over 36 months beginning on the one month anniversary of the grant date, subject to continued service on each vesting date. The stock options expire on February 11, 2035. The stock options were awarded pursuant to the Company's Amended and Restated 2019 Stock Incentive Plan, as amended. The foregoing description of the stock option awards does not purport to be complete and is qualified in its entirety by reference to the full text of the form of Notice of Grant of Stock Option Award and Agreement, which is attached hereto as Exhibit 4.1, and is incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. 4.1 Form of Notice of Grant of Stock Option Award and Agreement pursuant to the Peraso Inc. 2019 Stock Incentive Plan (incorporated by reference to Exhibit 4.10 to the Company's Form S-8, filed with the SEC on November 13, 2019). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PERASO INC. Date: February 14, 2025 By: /s/ James Sullivan James Sullivan Chief Financial Officer 2