secwatch.observer — SEC 8-K summary
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Issuer:     Palladyne AI Corp. (PDYN)
CIK:        0001826681
Form:       8-K
Filed at:   2025-06-12T23:59:59+00:00
Accession:  0000950170-25-085118
Event type: other_material
Sentiment:  positive
Materiality: 0.15
Item codes: 5.07
LLM model:  deepseek-v4-flash:cloud@v2

Palladyne AI annual meeting elects directors, ratifies auditor, approves CEO stock award
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- 23,811,690 shares (66.67% of total) were present at the June 11, 2025 annual meeting.
- Class I directors Admiral Eric T. Olson (13.9M for) and Benjamin G. Wolff (16.8M for) elected.
- Ratification of KPMG as auditor for FY2025 passed with 23.5M for, 39k against.
- CEO restricted stock award approved with 16.1M for, 571k against, 6.9M broker non-votes.
- CEO Wolff's compensation: $1 net cash salary in 2025, $250k salary 2026-27, and cash payment tied to 1.8M shares value.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826681/000095017025085118/0000950170-25-085118-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826681/000095017025085118/pdyn-20250611.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-085118

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer