Sarcos stops earnings calls, names Benjamin Wolff CEO with 625K share grant

Palladyne AI Corp.

No longer holds quarterly earnings calls or issues earnings press releases until meaningful revenues achieved.
Benjamin G. Wolff becomes President & CEO effective Feb 23, 2024; base salary $240,000.
Receives restricted stock award of 625,000 shares vesting on one-year anniversary or change in control.
Employment term of one year, extendable to two; severance includes base salary continuation and COBRA.

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