Sarcos CMO Kristi Martindale exits; separation agreement provides $162K severance

Palladyne AI Corp.

Kristi Martindale ceased as CMO on July 12, 2023, employment ended Sep 22, 2023, begins consulting role.
Receives $162,225.24 severance paid over 6 months, plus COBRA premium coverage for up to 6 months.
Change-in-control within 3 months triggers lump sum severance ($162,225), bonus ($113,557.66), and full equity acceleration.
Consulting agreement allows up to 20 hours/week; equity awards continue to vest during consulting period.

item 5.02 item 9.01

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Departed

Kristi Martindale

Chief Marketing Officer

PDYN · Palladyne AI Corp.

Effective: 2023-07-12
Filed: October 4, 2023, 7:59 PM ET

Kristi Martindale ceased to be Chief Marketing Officer of the Company and its subsidiaries (the “Company Group”) on July 12, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kristi Martindale departed as Chief Marketing Officer at Palladyne AI Corp..

Action: ceased
Role: Chief Marketing Officer

Exact text from the filing

Kristi Martindale ceased to be Chief Marketing Officer of the Company and its subsidiaries (the “Company Group”) on July 12, 2023.

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Source: SEC EDGAR

accession 0000950170-23-051924

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