secwatch.observer — SEC 8-K summary
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Issuer:     Palladyne AI Corp. (PDYN)
CIK:        0001826681
Form:       8-K
Filed at:   2024-01-19T23:59:59+00:00
Accession:  0000950170-24-005812
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sarcos appoints Benjamin G. Wolff as President and CEO; Laura Peterson becomes Executive Vice Chairman
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- Benjamin G. Wolff appointed President and CEO effective Feb 23, 2024; previously Executive Vice Chairman.
- Laura Peterson resigns as CEO, appointed Executive Vice Chairman effective Feb 23, 2024; remains on Board.
- Directors Peter Klein and Priya Balasubramaniam resigned Jan 19, 2024; not due to any disagreement.
- Wolff receives $240K base salary, 625,000 restricted stock award vesting on first anniversary or change of control.
- Peterson receives $225K base salary, $100K in RSUs vesting Feb 23, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826681/000095017024005812/0000950170-24-005812-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826681/000095017024005812/strc-20240115.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-005812

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