---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-046091"
form_type: "8-K"
ticker: "PDYN"
cik: "0001826681"
company_name: "Palladyne AI Corp."
filed_at: "2023-09-01T23:59:59+00:00"
generated_at: "2026-06-11T00:42:25.501812+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Sarcos enters separation agreement with former COO Jorgen Pedersen; severance $170,767 over 6 months

## Summary
- Severance payment of $170,767.20 paid in 6 monthly installments of $28,461.20; health premium coverage for up to 6 months.
- If change in control occurs within 3 months post-separation, lump-sum salary severance up to $170,767 (minus payments made), bonus severance of $119,537, and full equity acceleration.
- Employee releases all claims, reaffirms confidentiality, non-solicitation, non-competition, and non-disparagement obligations.
- Separation follows previously disclosed July 12, 2023 departure; Pedersen will no longer serve as advisor.

## SEC filing metadata
- accession: 0000950170-23-046091
- form_type: 8-K
- ticker: PDYN
- cik: 0001826681
- company_name: Palladyne AI Corp.
- filed_at: 2023-09-01T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826681/000095017023046091/0000950170-23-046091-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826681/000095017023046091/strc-20230831.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-046091
- JSON: https://secwatch.observer/filing/0000950170-23-046091.json
- Plain text: https://secwatch.observer/filing/0000950170-23-046091.txt

## Key facts
- Executive change
  Jorgen Pedersen departed as Chief Operating Officer at Palladyne AI Corp..
  - Action: ceased to be
  - Role: Chief Operating Officer
  source text: Jorgen Pedersen ceased to be Chief Operating Officer of the Company and its subsidiaries (the “Company Group”) on July 12, 2023 (the “Separation Date”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826681/000095017023046091/0000950170-23-046091-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.