Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Appointment of new Chief Financial Officer On July 14, 2026, we issued a press release announcing the appointment of Sarah M. Romano as the Company’s new Chief Financial Officer, effective August 3, 2026. Ms. Romano will be based in the United States.…
We are a commercial-stage surgical robotics company focused on transforming patient lives by democratizing access to advanced surgical robotics technologies. We design, manufacture and market an advanced, next-generation and affordable surgical robotic system called the SSi Mantra Surgical Robotic System (the “SSi Mantra”) intended for use in urology, general, gynecology, colorectal, gastroenterology, head and neck, thoracic and cardiac surgeries. While surgical robotic systems have gained acceptance globally in the past two decades for providing greater efficiency, better clinical outcomes and reducing healthcare costs, access to such systems remains largely limited to developed countries such as the United States (the “U.S.”), the European Union (the “EU”) and Japan. With the SSi Mantra, we are breaking down barriers and accelerating access to surgical robotics technologies in underserved regions of the world.
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Item 5.02Item 5.02 - Departure/Election of Directors
Item 5.02 Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Appointment of new Chief
Financial Officer
On July 14, 2026, we issued a press release announcing
the appointment of Sarah M. Romano as the Company’s new Chief Financial Officer, effective August 3, 2026. Ms. Romano will be based
in the United States. A copy of the press release is attached as Exhibit 99.1 to this Current Report and is incorporated
herein by reference.
Ms. Romano, 46, has over two decades of experience
as a financial professional. Prior to joining the Company, from April 2025 to July 2026, Ms. Romano served as the Chief Financial
Officer and Treasurer of Vicarious Surgical Inc. (NYSE/OTCQB: RBOT), a robotic surgery company developing next-generation minimally invasive
surgical technology. She previously served as Chief Financial Officer of Entero Therapeutics, Inc. (Nasdaq: ENTO) (formerly First Wave
BioPharma), a clinical-stage biopharmaceutical company specializing in the development of targeted, orally delivered therapies for gastrointestinal
diseases, from March 2022 to March 2025. Prior thereto, she served as Chief Financial Officer of Kiora Pharmaceuticals, Inc. (Nasdaq:
KPRX) (formerly EyeGate Pharmaceuticals, Inc.), a clinical-stage specialty pharmaceutical company developing products for treating ophthalmic
diseases, from February 2017 through February 2022, and as its Corporate Controller from August 2016 to January 2017. Ms. Romano began
her career as an auditor in the Boston office of PricewaterhouseCoopers. A licensed CPA in Massachusetts, she holds a Bachelor of Arts
in Accounting from College of the Holy Cross and a Master of Accounting from Boston College.
The Company and Ms. Romano entered into a three-year
employment agreement, effective August 3, 2026 (the “Employment Agreement”), providing for annual base compensation
of $440,000. Ms. Romano will be eligible for an annual cash bonus based on achievement of certain performance criteria and subject to
the terms of the Employment Agreement. In addition, the Employment Agreement provides for Ms. Romano to receive a grant of options under
the Company’s 2026 Incentive Stock Plan (the “Incentive Plan”) to purchase 750,000 shares of the Company’s
common stock vesting as to 250,000 shares on the first anniversary of the effective date and thereafter in twenty-three (23) installments
of 20,833 shares, and a final monthly installment of 20,841 shares, subject to continued employment of Ms. Romano by the Company and the
other terms and conditions of the Incentive Plan. The Employment Agreement also contains customary confidentiality, assignment of proprietary
rights, non-competition and non-solicitation provisions.
In addition to the foregoing, on the effective date of the Employment
Agreement the Company will enter into an indemnification agreement with Ms. Romano in the form of Exhibit A to the Employment Agreement.
The above summary of the Employment Agreement
is qualified in its entirety by reference to the Employment Agreement, a copy of which is attached as Exhibit 10.1 to this Current
Report and is incorporated herein by reference.
Filed exhibits (1)
EX-99.1 (by filename) ea029760101ex99-1.htm
EX-99.1
3
ea029760101ex99-1.htm
PRESS RELEASE, DATED JULY 14, 2026
Exhibit 99.1
SS Innovations Appoints Sarah M. Romano as Chief
Financial Officer
Veteran medtech finance executive brings extensive
public company and capital markets experience to support the Company’s next phase of global growth
Fort Lauderdale, FL - July 14, 2026 - SS Innovations International, Inc. (the “Company” or “SS
Innovations”) (Nasdaq: SSII), a developer of innovative surgical robotic technologies dedicated to making robotic surgery affordable
and accessible to a global population, today announced the appointment of Sarah M. Romano as Chief Financial Officer, effective August
3, 2026. Ms. Romano will be based in the United States.
Dr. Sudhir Srivastava, Chairman of the Board and
Chief Executive Officer of SS Innovations, commented, “We are thrilled to welcome Sarah as our Chief Financial Officer at this critical
moment in our growth journey. As we continue our global expansion, including pursuing U.S. FDA approval of our advanced, cost-effective
SSi Mantra surgical robotic system, Sarah brings strong financial leadership, keen strategic vision, and extensive capital markets experience.
She will pla…