---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-140797"
form_type: "8-K"
ticker: "PDYN"
cik: "0001826681"
company_name: "Palladyne AI Corp."
filed_at: "2024-12-27T23:59:59+00:00"
generated_at: "2026-05-28T23:06:29.952627+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Palladyne AI Corp. enters amended employment agreement with CEO Benjamin G. Wolff through 2027

## Summary
- CEO Benjamin G. Wolff will receive net base salary of ~$1 per year for 2025, then $250,000 annually for 2026-2027.
- Wolff is eligible for a cash payment of up to 1,800,000 times stock FMV upon vesting conditions including continued employment until Oct 31, 2027.
- Target annual bonus opportunity of 150% of base salary starting in 2026.
- Severance includes salary through remainder of employment term, bonus severance, and COBRA premium reimbursement for up to 12 months.
- Agreement supersedes preliminary terms from Oct 30, 2024 and replaces prior employment agreement dated Jan 17, 2024.

## SEC filing metadata
- accession: 0000950170-24-140797
- form_type: 8-K
- ticker: PDYN
- cik: 0001826681
- company_name: Palladyne AI Corp.
- filed_at: 2024-12-27T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826681/000095017024140797/0000950170-24-140797-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826681/000095017024140797/pdyn-20241226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-140797
- JSON: https://secwatch.observer/filing/0000950170-24-140797.json
- Plain text: https://secwatch.observer/filing/0000950170-24-140797.txt

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