---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-023122"
form_type: "8-K"
ticker: "PDYN"
cik: "0001826681"
company_name: "Palladyne AI Corp."
filed_at: "2025-02-19T23:59:59+00:00"
generated_at: "2026-05-26T12:24:28.334871+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Palladyne AI appoints Michael Young to board; Laura Peterson retires

## Summary
- Michael T. Young appointed as Class III director, effective Feb 24, 2025; also joins Compensation & Strategic Transaction Committees.
- Young brings 35+ years experience, including leading Caterpillar Ventures and M&A Asia Pacific; former Dell China CFO.
- Laura J. Peterson retired from Board and all positions effective Feb 23, 2025; she served as Executive Vice Chair and previously CEO.
- Peterson's retirement is not due to any disagreement with the Company.
- Young will receive compensation per outside director policy and enter standard indemnification agreement.

## SEC filing metadata
- accession: 0000950170-25-023122
- form_type: 8-K
- ticker: PDYN
- cik: 0001826681
- company_name: Palladyne AI Corp.
- filed_at: 2025-02-19T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- 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/1826681/000095017025023122/0000950170-25-023122-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826681/000095017025023122/pdyn-20250217.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-023122
- JSON: https://secwatch.observer/filing/0000950170-25-023122.json
- Plain text: https://secwatch.observer/filing/0000950170-25-023122.txt

## Key facts
- Executive change
  Laura J. Peterson retired as Executive Vice Chair and a member of the Board at Palladyne AI Corp..
  - Action: retired
  - Role: Executive Vice Chair and a member of the Board
  source text: Laura J. Peterson, Executive Vice Chair and a member of the Board, notified the Company of her retirement from the Board and all positions with the Company, effective February 23, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826681/000095017025023122/0000950170-25-023122-index.htm
- Executive change
  Michael T. Young was appointed as Class III Director at Palladyne AI Corp..
  - Action: appointed
  - Role: Class III Director
  source text: appointed Michael T. Young to serve as a Class III director of the Company, effective as of February 24, 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826681/000095017025023122/0000950170-25-023122-index.htm

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