Sarcos appoints Laura Peterson as permanent CEO, Ben Wolff as Executive Vice Chairman

Palladyne AI Corp.

Laura Peterson, interim CEO since May 2023, appointed permanent President and CEO effective Oct 19.
Ben Wolff, co-founder and former CEO, re-joins executive team as Executive Vice Chairman.
Peterson has led cost reductions, cash burn reduction, and AI/ML focus; company previously missed product milestones.
Wolff will evaluate strategic opportunities including for Advanced Technologies Division.
Both remain on the Board; compensation for Peterson not yet determined by Compensation Committee.

item 5.02 item 8.01 item 9.01

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Appointed

Laura J. Peterson

President and Chief Executive Officer

PDYN · Palladyne AI Corp.

Effective: 2023-10-19
Filed: October 25, 2023, 7:59 PM ET

On October 19, 2023, the Board of Directors (the "Board") of Sarcos Technology and Robotics Corporation (the “Company”), appointed Laura J. Peterson, who had been serving as the Company's Interim President and Chief Executive Officer, as permanent President and Chief Executive Officer.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Laura J. Peterson was appointed as President and Chief Executive Officer at Palladyne AI Corp..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On October 19, 2023, the Board of Directors (the "Board") of Sarcos Technology and Robotics Corporation (the “Company”), appointed Laura J. Peterson, who had been serving as the Company's Interim President and Chief Executive Officer, as permanent President and Chief Executive Officer.

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Source: SEC EDGAR

accession 0000950170-23-055017

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