secwatch.observer — SEC 8-K summary
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Issuer:     Palladyne AI Corp. (PDYN)
CIK:        0001826681
Form:       8-K
Filed at:   2023-09-01T23:59:59+00:00
Accession:  0000950170-23-046091
Event type: leadership
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826681/000095017023046091/0000950170-23-046091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826681/000095017023046091/strc-20230831.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-046091

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