{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-038690","form_type":"8-K/A","ticker":"PDYN","cik":"0001826681","company_name":"Palladyne AI Corp.","filed_at":"2023-08-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.520422+00:00","generated_at":"2026-06-12T04:48:53.327885+00:00","sec_items":["2.05"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Sarcos updates restructuring costs: incurred $5.1M, expects $6M more in Q3","bullets":["Original July 2023 RIF of 71 employees (24% workforce) expected ~$1.5M cash severance.","Incurred charges of $5.1M for H1 2023: $4.4M inventory write-down, $0.7M fixed asset impairment.","Additional restructuring expense of ~$6.0M net in Q3, including $1.5M cash and non-cash stock comp acceleration.","Consolidating Pittsburgh manufacturing into Salt Lake City; COO termination triggers accelerated stock comp."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-038690","json":"https://secwatch.observer/filing/0000950170-23-038690.json","markdown":"https://secwatch.observer/filing/0000950170-23-038690.md","text":"https://secwatch.observer/filing/0000950170-23-038690.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1826681/000095017023038690/0000950170-23-038690-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1826681/000095017023038690/strc-20230803.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T04:48:53.327885+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0b9889cec8b4a8ab6d374f38ed47b510b1b83253","claim":"Palladyne AI Corp. announced a restructuring with charges of Approximately $1.5 million of costs (approximately 71 employees, representing approximately 24% of the Company’s workforce).","evidence_excerpt":"on July 10, 2023 the board of directors of the Company approved a reduction in force affecting approximately 71 employees, representing approximately 24% of the Company’s workforce. As disclosed in the Original Report, the Company expected to incur approximately $1.5 million of costs, consisting primarily of personnel expenses such as salaries and wages, one-time severance payments, and other benefits.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1826681/000095017023038690/0000950170-23-038690-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"Approximately $1.5 million of costs"},{"label":"Headcount","value":"approximately 71 employees, representing approximately 24% of the Company’s workforce"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}