---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-22-016846"
form_type: "8-K"
ticker: "PRSO"
cik: "0000890394"
company_name: "Peraso Inc."
filed_at: "2022-04-29T23:59:59+00:00"
generated_at: "2026-06-26T02:58:32.409502+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001564590-22-016846
- form_type: 8-K
- ticker: PRSO
- cik: 0000890394
- company_name: Peraso Inc.
- filed_at: 2022-04-29T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/890394/000156459022016846/0001564590-22-016846-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/890394/000156459022016846/prso-8k_20220425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-22-016846
- JSON: https://secwatch.observer/filing/0001564590-22-016846.json
- Plain text: https://secwatch.observer/filing/0001564590-22-016846.txt

## Key facts
- Executive change
  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
  source text: Mr. Lewis will no longer serve as the President of the Company but will now serve as Vice President, General Manager of Memory Products
  evidence_url: https://www.sec.gov/Archives/edgar/data/890394/000156459022016846/0001564590-22-016846-index.htm

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