Peraso President Daniel Lewis steps down to VP, GM of Memory Products; employment ends Dec 2023

Peraso Inc.

Daniel Lewis no longer President; becomes VP, General Manager of Memory Products effective April 25, 2022.
Employment automatically terminates on December 17, 2023; receives $275k base salary and 50% target bonus.
Lewis eligible for VAE incentive payments capped at $300k from sale or royalties of Virtual Accelerator Engine IP.
CFO James Sullivan and COO Brad Lynch get amended agreements formalizing comp and severance benefits.
Severance for all three includes 12 months base salary, COBRA, pro-rated bonus, and accelerated equity vesting.

item 5.02

Executive movements

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Role change

Daniel Lewis

Vice President, General Manager of Memory Products

PRSO · Peraso Inc.

Effective: 2022-04-25
Filed: April 29, 2022, 7:59 PM ET

Mr. Lewis will no longer serve as the President of the Company but will now serve as Vice President, General Manager of Memory Products

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Daniel Lewis was appointed as Vice President, General Manager of Memory Products at Peraso Inc..

Action: appointed
Role: Vice President, General Manager of Memory Products

Exact text from the filing

Mr. Lewis will no longer serve as the President of the Company but will now serve as Vice President, General Manager of Memory Products

View on SEC.gov

Peraso Inc. filing history →

Source: SEC EDGAR

accession 0001564590-22-016846

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