---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-095635"
form_type: "8-K"
ticker: null
cik: "0001822145"
company_name: "Presto Automation Inc."
filed_at: "2023-12-14T23:59:59+00:00"
generated_at: "2026-06-07T13:01:53.513005+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Presto CFO resigns; Mbugua appointed interim; Voice AI at 85% NIR, $100M+ approachable revenue

## Summary
- Nathan Cook resigns as interim CFO; Stanley Mbugua appointed as interim CFO effective Dec 14, 2023.
- Presto Voice AI achieves average Non-Intervention Rate of 85%, with select locations at 95%+; 30% of orders at pilot locations require no human agent entry.
- Targeting 80% of AI-enabled stores with enhanced AI capability (no human agent entry) by March 31, 2024; site margins targeted to become highly positive by Q4'25.
- Expandable annual revenue opportunity of $17M from locations under MSA/pilot; approachable opportunity exceeds $100M total.
- Presto expects to sell, partially sell, or wind down Presto Touch business, reducing monthly expenditures by $0.3-0.7M.

## SEC filing metadata
- accession: 0001213900-23-095635
- form_type: 8-K
- cik: 0001822145
- company_name: Presto Automation Inc.
- filed_at: 2023-12-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1822145/000121390023095635/0001213900-23-095635-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822145/000121390023095635/ea190049-8k_presto.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-095635
- JSON: https://secwatch.observer/filing/0001213900-23-095635.json
- Plain text: https://secwatch.observer/filing/0001213900-23-095635.txt

## Key facts
- Executive change
  Nathan Cook resigned as Interim Chief Financial Officer at Presto Automation Inc..
  - Action: resigned
  - Role: Interim Chief Financial Officer
  source text: On December 13, 2023, Nathan Cook submitted his resignation as Interim Chief Financial Officer of Presto Automation Inc. Company (“Presto” or the “Company”) , effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822145/000121390023095635/0001213900-23-095635-index.htm
- Executive change
  Stanley Mbugua was appointed as Interim Chief Financial Officer at Presto Automation Inc..
  - Action: appointed
  - Role: Interim Chief Financial Officer
  source text: On December 14, 2023, the Board of Directors (the “Board”) of Presto appointed Stanley Mbugua to serve as Interim Chief Financial Officer , effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822145/000121390023095635/0001213900-23-095635-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.