QuickLogic Corporation filed a Form 8-K on September 21, 2026, disclosing the resignation of Chief Financial Officer Elias Nader effective September 18, 2026, and the appointment of James Sullivan as incoming CFO effective October 5, 2026.

Key Highlights

  • CFO Resignation: Elias Nader resigned as Chief Financial Officer effective close of business September 18, 2026, to pursue other opportunities.
  • No Disagreement: According to the filing, Nader's departure "is not related to any disagreement with the Company or its board of directors on any matter relating to the Company's accounting, operating policies or practices."
  • New CFO Appointed: James Sullivan, age 58, will serve as Senior Vice President of Finance and Chief Financial Officer effective October 5, 2026.
  • Base Salary: Sullivan will receive an annual base salary of $340,000 per year and is eligible for an annual incentive bonus of 50% of his annual base salary.
  • Signing Bonus: Sullivan will receive a signing bonus of $10,000 in cash.
  • RSU Grant: Sullivan is to be granted $600,000 in restricted stock units as an employment inducement award, subject to Compensation Committee approval, vesting over three years.
  • Prior Experience: Sullivan most recently served as CFO of Peraso Inc. from December 2021 through September 2026, and previously as CFO of MoSys, Inc. from January 2008 through December 2021.

QuickLogic CFO Transition: Nader Out, Sullivan In as of October 2026

QuickLogic Corporation (NASDAQ:QUIK) disclosed in an 8-K current report dated September 21, 2026, that Elias Nader resigned as Chief Financial Officer, with his departure taking effect at the close of business on September 18, 2026. The filing states that Nader is committed to an orderly transition of his duties and that his resignation is not linked to any disagreement with the company or its board on accounting, operating policies, or practices.

Effective October 5, 2026, the company has appointed James Sullivan, 58, to the role of Senior Vice President of Finance and Chief Financial Officer. According to the filing, Sullivan will lead the global finance organization and assume the duties of principal financial officer and principal accounting officer. The filing notes there is no family relationship between Sullivan and any executive officer or director, and no arrangements with any other person pursuant to which he was appointed. Sullivan holds a Bachelor of Science degree in Accounting from New York University's Stern School of Business and is a certified public accountant.

Under the terms of the offer letter disclosed in the filing, Sullivan is entitled to an annual base salary of $340,000 and is eligible for an annual incentive bonus equal to 50% of his base salary. He will also receive a $10,000 cash signing bonus. Subject to approval by the Company's Compensation Committee, Sullivan is to receive $600,000 in restricted stock units as an employment inducement award granted outside of the Company's 2019 Equity Incentive Plan, in accordance with Rule 5635(c)(4) of the Nasdaq Listing Rules. The RSUs vest over three years, with one-third vesting on the one-year anniversary of the grant date and one-sixth vesting each six months thereafter, subject to continued employment. Sullivan will also enter into the company's standard form of change-of-control agreement and indemnification agreement, the filing states.

What Was Disclosed

QuickLogic's September 21, 2026 Form 8-K disclosed the resignation of CFO Elias Nader effective September 18, 2026, and the appointment of James Sullivan as the incoming CFO effective October 5, 2026, along with details of Sullivan's compensation arrangements.