secwatch.observer — SEC 8-K summary
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Issuer:     Palladyne AI Corp. (PDYN)
CIK:        0001826681
Form:       8-K
Filed at:   2023-01-13T23:59:59+00:00
Accession:  0000950170-23-000756
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sarcos co-founder Ben Wolff steps down as Executive Chairman; Dennis Weibling elected Chairman
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- Ben Wolff resigns as Executive Chairman effective Feb 1, 2023; remains on Board as non-employee director and chair of strategic transaction committee.
- Dennis Weibling, Lead Independent Director since 2021, elected non-executive Chairman effective Feb 1, 2023.
- Transition follows planned CEO succession; Kiva Allgood became CEO in December 2021.
- Weibling has served on Sarcos Board since 2015; also serves on boards of Sotheby's and other companies.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826681/000095017023000756/0000950170-23-000756-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826681/000095017023000756/strc-20230111.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-000756

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer