---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-036544"
form_type: "8-K"
ticker: "PDYN"
cik: "0001826681"
company_name: "Palladyne AI Corp."
filed_at: "2024-03-26T23:59:59+00:00"
generated_at: "2026-06-04T08:00:13.312273+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Palladyne AI finalizes separation agreement with former CFO Andrew Hamer; total severance up to $607.5k

## Summary
- Former CFO Andrew Hamer receives $202,500 severance paid over 6 months plus $202,500 retention bonus lump sum.
- COBRA premium payments for up to 6 months also included.
- If a change-in-control occurs within 3 months post-separation, salary severance increases to $405,000 and bonus to $202,500.
- All unvested equity awards (options and RSUs) accelerate upon such change-in-control.
- Separation includes full release of all claims against the company and its affiliates.

## SEC filing metadata
- accession: 0000950170-24-036544
- form_type: 8-K
- ticker: PDYN
- cik: 0001826681
- company_name: Palladyne AI Corp.
- filed_at: 2024-03-26T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826681/000095017024036544/0000950170-24-036544-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826681/000095017024036544/strc-20240322.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-036544
- JSON: https://secwatch.observer/filing/0000950170-24-036544.json
- Plain text: https://secwatch.observer/filing/0000950170-24-036544.txt

## Key facts
- Executive change
  Andrew Hamer departed as Chief Financial Officer at Palladyne AI Corp..
  - Action: ceased to be Chief Financial Officer
  - Role: Chief Financial Officer
  source text: Andrew Hamer ceased to be Chief Financial Officer of the Company and its subsidiaries (the “Company Group”) on March 5, 2024 and ceased being an employee on March 8, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826681/000095017024036544/0000950170-24-036544-index.htm

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