FatPipe names 25-year-old Ragula as new CFO
FatPipe (FATN) replaced its CFO on September 11, 2026, appointing finance executive Kanishka Ragula with a $175,000 base salary and prior Wall Street experience.
Rhea-AI Filing Summary
Fatpipe Inc/UT (FATN) reported that effective September 11, 2026, Eric Sherb ceased serving as Chief Financial Officer and Principal Accounting Officer, and will continue in a consulting capacity to support an orderly transition. On the same date, the board appointed Kanishka Ragula, age 25, as Chief Financial Officer, principal financial officer and Principal Accounting Officer. Ragula previously served as Director of Finance at FatPipe and earlier worked in J.P. Morgan’s Technology Investment Banking group and at Institutional Venture Partners, gaining experience in M&A and capital markets transactions. His compensation includes an annual base salary of $175,000 and an equity grant approved by the board at the annual meeting. The company notes his appointment involves family relationships with the CEO and President but discloses no related-party transactions requiring additional reporting.
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8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Effective date of CFO change: September 11, 2026
New CFO age: 25 years
CFO base salary: $175,000 per year
+3 more
6 metrics
Effective date of CFO change
September 11, 2026
Date when Eric Sherb ceased serving as CFO and Kanishka Ragula was appointed
New CFO age
25 years
Age of Kanishka Ragula at the time of appointment
CFO base salary
$175,000 per year
Annual base salary for Kanishka Ragula as Chief Financial Officer
U.S. patents
13 patents
U.S. patents related to multipath and software-defined networking held by FatPipe
Reseller count
More than 200 resellers
Number of resellers worldwide selling FatPipe products
Trading symbol
FATN
Common Stock listed on the Nasdaq Capital Market
Key Terms
software-defined wide area networking, Nasdaq Capital Market, Principal Accounting Officer, emerging growth company, +2 more
6 terms
software-defined wide area networking technical
"a pioneer and multiple patent holder in enterprise-class, application-aware, secure software-defined wide area networking"
Software-defined wide area networking (SD‑WAN) is a method of managing and directing data traffic between offices, cloud services and remote users using software rather than fixed physical circuits. Like a smart traffic controller that chooses the fastest, cheapest route for each vehicle, SD‑WAN improves performance, reliability and security while lowering connectivity costs and simplifying management. Investors care because it can reduce operating expenses, enable faster rollout of digital services, and affect demand for networking and cloud-related spending.
Nasdaq Capital Market financial
"Common Stock, no par value | FATN | Nasdaq Capital Market"
The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.
Principal Accounting Officer financial
"ceased serving as Chief Financial Officer and Principal Accounting Officer of FatPipe, Inc."
The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.
emerging growth company regulatory
"or Rule 12b-2 of the Securities Exchange Act of 1934 ... Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
forward-looking statements regulatory
"This press release contains forward-looking statements within the meaning of applicable securities laws."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
convertible senior notes financial
"PagerDuty’s $350 million convertible senior notes placement."
Convertible senior notes are a type of loan that a company issues to investors, which can be turned into company shares later on. They are called "senior" because they are paid back before other debts if the company runs into trouble. This allows investors to earn interest like a loan but also have the chance to own part of the company if its value rises.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What executive change did FATN announce on September 14, 2026?
FatPipe reported that effective September 11, 2026, Eric Sherb ceased serving as Chief Financial Officer and Principal Accounting Officer, and the board appointed Kanishka Ragula as Chief Financial Officer, principal financial officer and Principal Accounting Officer, effective immediately on that date.
Who is the new Chief Financial Officer of FATN and what is his background?
The new CFO is Kanishka Ragula, age 25. He previously served as FatPipe’s Director of Finance and earlier worked in J.P. Morgan’s Technology Investment Banking group in San Francisco and at Institutional Venture Partners, focusing on growth-stage technology investments and capital markets transactions.
What compensation will FATN’s new CFO receive?
In connection with his appointment, Kanishka Ragula will receive an annual base salary of $175,000 and an equity grant as approved by the board at the annual meeting. He is also eligible to participate in the employee benefit plans generally available to FatPipe employees.
Does FATN disclose any family relationships involving the new CFO?
Yes. FatPipe states that Kanishka Ragula is the son of Ragula Bhaskar, the Company’s Chief Executive Officer and Chairman of the Board, and Sanchaita Datta, the Company’s President, Chief Technology Officer and a director. The company notes no other family relationships with directors or executive officers.
Why did the prior CFO of FATN leave and will he remain involved?
FatPipe states that Eric Sherb’s departure as Chief Financial Officer and Principal Accounting Officer on September 11, 2026 was not the result of any disagreement regarding operations, policies or practices. He will continue to provide services in a consulting capacity to support an orderly transition.
What does FATN say about its business and technology in this announcement?
FatPipe describes itself as a pioneer in software-defined wide area networking (SD-WAN) and hybrid WANs, offering a single-stack networking and cybersecurity platform backed by 13 U.S. patents. The company notes its products are sold through more than 200 resellers worldwide.
AI-generated analysis. How Rhea-AI works. Not financial advice.
