secwatch.observer — SEC 8-K summary
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Issuer:     Peraso Inc. (PRSO)
CIK:        0000890394
Form:       8-K
Filed at:   2022-04-29T23:59:59+00:00
Accession:  0001564590-22-016846
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/890394/000156459022016846/0001564590-22-016846-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/890394/000156459022016846/prso-8k_20220425.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-016846

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer