QuickLogic Announces Chief Financial Officer Transition

Q: When do the CFO transition dates take effect at QuickLogic?

Elias Nader’s resignation is effective as of the close of business on September 18, 2026. James Sullivan will assume the roles of Senior Vice President of Finance and Chief Financial Officer effective October 5, 2026.

Q: What prior experience does James Sullivan bring to the QuickLogic CFO role?

James Sullivan most recently served as CFO of Peraso, a publicly traded semiconductor company focused on high-performance mmWave wireless technology. Before that, he spent 14 years as CFO of MoSys, and also held CFO roles at Apptera and at 8x8, a publicly traded SAAS provider of VoIP and unified communications solutions. He began his career at PricewaterhouseCoopers, holds a B.S. in Accounting from NYU Stern, and is a certified public accountant.

Q: How does QuickLogic describe the fit between James Sullivan’s background and its strategy?

The company states that Sullivan’s experience in advanced wireless, aerospace, defense, and autonomous systems aligns with its expanding opportunities in eFPGA IP, antifuse FPGA technology, and Storefront solutions, and that his track record building scalable financial and operational infrastructure is expected to help position QuickLogic for long-term growth and value creation.

QuickLogic names a new CFO effective October 5, 2026, while reaffirming its previously issued third quarter 2026 guidance.

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Positive)

Rhea-AI Summary

QuickLogic (QUIK) has appointed James Sullivan as Senior Vice President of Finance and Chief Financial Officer, effective October 5, 2026, following the resignation of CFO Elias Nader on September 18, 2026.

The company states that its previously announced third quarter 2026 guidance remains unchanged. CEO Brian Faith highlights Sullivan’s experience as a public company semiconductor CFO and his background in advanced wireless, aerospace, defense, and autonomous systems, which the company views as aligned with its growth opportunities in eFPGA IP, antifuse FPGA technology, and Storefront solutions.

Positive

Q3 2026 guidance reaffirmed despite CFO transition
New CFO has extensive semiconductor CFO experience across multiple public companies

Negative

Incumbent CFO resigned effective September 18, 2026

Market Context

A Form 4 reported 8,291 shares sold by the departing CFO on September 17, while the announcement set...

Analysis

A Form 4 reported 8,291 shares sold by the departing CFO on September 17, while the announcement set his resignation effective September 18 and the successor's appointment effective October 5; the filing described the sale as tax-related.

Key Figures

New CFO effective date: October 5, 2026 Outgoing CFO resignation date: September 18, 2026

New CFO effective date: October 5, 2026; James Sullivan appointment
Outgoing CFO resignation date: September 18, 2026; Elias Nader resignation

Key Terms

efpga, antifuse fpga, mmwave wireless technology

3 terms

efpga technical

"a developer of embedded FPGA (eFPGA) Hard IP"

An eFPGA is a programmable block of computer hardware that chip makers can embed inside larger chips so customers can reconfigure certain functions after the chip is manufactured. Think of it as a small patch of hardware that can be reshaped like Lego pieces to add or change features without redesigning the whole chip. For investors, eFPGAs matter because they can increase a chip’s lifespan, add customer value, and create recurring licensing or royalty revenue streams.

antifuse fpga technical

"Strategic Radiation Hardened and Antifuse FPGAs"

An antifuse FPGA is a kind of programmable logic chip that becomes permanently hard-wired when configured: each connection is created by a one-time physical change (an “antifuse”) rather than by reconfigurable metal routing. It matters to investors because antifuse FPGAs trade flexibility for resistance to tampering, lower run-time power, and predictable performance, making them attractive for secure, long-lived or safety-critical applications where reprogramming is unwanted.

mmwave wireless technology technical

"pioneering high-performance mmWave wireless technology"

Millimeter-wave (mmWave) wireless technology uses very high radio frequencies—roughly the 24–100 GHz range—to carry data. Because these waves can transmit huge amounts of information, mmWave delivers very fast download/upload speeds and low latency, but the signals travel only short distances and are easily blocked by buildings or foliage, so it requires dense networks of antennas and more infrastructure. Investors care because mmWave affects demand for spectrum, network equipment, small-cell deployments, and compatible devices, which influence capital spending and revenue potential in wireless markets.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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09/21/2026 - 07:01 AM

James Sullivan Appointed Chief Financial Officer; Company Reaffirms Third Quarter Guidance

SAN JOSE, Calif., Sept. 21, 2026 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK), a developer of embedded FPGA (eFPGA) Hard IP, Strategic Radiation Hardened and Antifuse FPGAs and ruggedized programmable logic solutions, today announced the appointment of James Sullivan as its new Senior Vice President of Finance and Chief Financial Officer, effective October 5, 2026. Sullivan replaces Elias Nader, who has resigned effective as of the close of business September 18, 2026, to pursue other opportunities.

"We thank Elias for his contributions over the past four years," said Brian Faith, CEO of QuickLogic. "The entire QuickLogic team remains focused on executing against our strategic priorities and advancing the growth opportunities before us in eFPGA IP, antifuse FPGA technology, and our Storefront business. Our previously announced third quarter 2026 guidance remains unchanged. We wish Elias the very best in his next chapter and appreciate his continued support during the transition."

"I am also pleased to welcome James Sullivan to QuickLogic," added Mr. Faith. "Jim is a seasoned semiconductor public company CFO with deep technical financial expertise and extensive experience helping innovative semiconductor companies achieve their growth objectives. His strong background across advanced wireless, aerospace, defense, and autonomous systems markets aligns well with QuickLogic's expanding opportunities in eFPGA IP, antifuse FPGA technology, and Storefront solutions. As we continue executing our strategy, Jim's track record building scalable financial and operational infrastructure will help position QuickLogic for long-term growth and value creation."

Mr. Sullivan most recently served as Chief Financial Officer for Peraso Inc., a publicly traded semiconductor company pioneering high-performance mmWave wireless technology, offering chipsets, modules, software and IP. Before joining Peraso, he spent 14 years as Chief Financial Officer of MoSys, Inc., a publicly traded fabless semiconductor company. He also held CFO roles at Apptera, Inc. and at 8x8, Inc., a publicly traded SAAS provider of VoIP and unified communication solutions. Sullivan began his career at PricewaterhouseCoopers LLP. He holds a B.S. in Accounting from New York University's Stern School of Business and is a certified public accountant.

Mr. Sullivan added, "I am excited to be joining QuickLogic at such a transformative time and look forward to partnering with the management team to continue our focus on financial discipline and thoughtful investment that will fuel our next chapter of growth, as we strive to build long-term shareholder value."

About QuickLogic
QuickLogic Corporation is a fabless semiconductor company specializing in eFPGA Hard IP, Strategic Radiation Hardened and Antifuse FPGAs and ruggedized programmable logic solutions. QuickLogic's unique approach combines cutting-edge technology with open-source tools to deliver highly customizable, low-power solutions for aerospace and defense, industrial, computing, and consumer markets. For more information, visit www.quicklogic.com.

QuickLogic and logo are registered trademarks of QuickLogic. All other trademarks are the property of their respective holders and should be treated as such.

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SOURCE QuickLogic Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When do the CFO transition dates take effect at QuickLogic?

Elias Nader’s resignation is effective as of the close of business on September 18, 2026. James Sullivan will assume the roles of Senior Vice President of Finance and Chief Financial Officer effective October 5, 2026.

What prior experience does James Sullivan bring to the QuickLogic CFO role?

James Sullivan most recently served as CFO of Peraso, a publicly traded semiconductor company focused on high-performance mmWave wireless technology. Before that, he spent 14 years as CFO of MoSys, and also held CFO roles at Apptera and at 8x8, a publicly traded SAAS provider of VoIP and unified communications solutions. He began his career at PricewaterhouseCoopers, holds a B.S. in Accounting from NYU Stern, and is a certified public accountant.

How does QuickLogic describe the fit between James Sullivan’s background and its strategy?

The company states that Sullivan’s experience in advanced wireless, aerospace, defense, and autonomous systems aligns with its expanding opportunities in eFPGA IP, antifuse FPGA technology, and Storefront solutions, and that his track record building scalable financial and operational infrastructure is expected to help position QuickLogic for long-term growth and value creation.

QuickLogic Announces Chief Financial Officer Transition