---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-051924"
form_type: "8-K"
ticker: "PDYN"
cik: "0001826681"
company_name: "Palladyne AI Corp."
filed_at: "2023-10-04T23:59:59+00:00"
generated_at: "2026-06-10T04:57:22.851198+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-051924
- form_type: 8-K
- ticker: PDYN
- cik: 0001826681
- company_name: Palladyne AI Corp.
- filed_at: 2023-10-04T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826681/000095017023051924/0000950170-23-051924-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826681/000095017023051924/strc-20231003.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-051924
- JSON: https://secwatch.observer/filing/0000950170-23-051924.json
- Plain text: https://secwatch.observer/filing/0000950170-23-051924.txt

## Key facts
- Executive change
  Kristi Martindale departed as Chief Marketing Officer at Palladyne AI Corp..
  - Action: ceased
  - Role: Chief Marketing Officer
  source text: Kristi Martindale ceased to be Chief Marketing Officer of the Company and its subsidiaries (the “Company Group”) on July 12, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826681/000095017023051924/0000950170-23-051924-index.htm

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