---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-017158"
form_type: "8-K"
ticker: "PDYN"
cik: "0001826681"
company_name: "Palladyne AI Corp."
filed_at: "2024-02-20T23:59:59+00:00"
generated_at: "2026-06-05T23:20:45.694860+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-017158
- form_type: 8-K
- ticker: PDYN
- cik: 0001826681
- company_name: Palladyne AI Corp.
- filed_at: 2024-02-20T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826681/000095017024017158/0000950170-24-017158-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826681/000095017024017158/strc-20240220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-017158
- JSON: https://secwatch.observer/filing/0000950170-24-017158.json
- Plain text: https://secwatch.observer/filing/0000950170-24-017158.txt

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