Business Context and Reporting Period
This Form 8-K Current Report was filed by Aeries Technology, Inc. on March 17, 2026. The registrant is incorporated in the Cayman Islands with principal executive offices in Singapore. The report discloses a significant executive transition involving the departure of the Chief Financial Officer and the appointment of a Principal Financial Officer.
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial data disclosed relates to the severance package for the departing executive:
- Severance Base Salary: 12 months of annual base salary, payable in equal installments over 12 months starting in June 2026.
- Additional Payment: $265,000, payable in equal installments over 6 months starting in May 2026.
- Equity: The departing officer waived all rights to equity, stock options, and restricted stock units.
Material Changes
The primary material change reported is the leadership transition in the finance function:
- Departure: Daniel S. Webb resigned as Chief Financial Officer (CFO) and Chief Investment Officer, effective March 30, 2026. The departure was a mutual agreement with no disagreement regarding company operations.
- Appointment: Bhisham (Ajay) Khare, the current Chief Executive Officer (CEO), was appointed as the Principal Financial Officer (PFO), effective March 31, 2026.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, financial outlook, or discussion of general business risks. The primary contingency noted is the seven-day revocation period for the Separation Agreement; no severance payments will be made until this period expires. The appointment of Mr. Khare as PFO did not involve a new material plan or contract.
Investor Verification Checklist
- Verify the exact amount of Daniel S. Webb's annual base salary to calculate the total 12-month severance obligation.
- Confirm the status of the seven-day revocation period for the Separation Agreement to determine if payments are imminent.
- Review the full text of the Separation Agreement (Exhibit 10.1) for specific covenants and conditions not detailed in the summary.
- Monitor future filings for the appointment of a permanent CFO, as the CEO is currently serving as the interim PFO.