---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-21-060069"
form_type: "8-K"
ticker: "PDYN"
cik: "0001826681"
company_name: "Palladyne AI Corp."
filed_at: "2021-12-13T23:59:59+00:00"
generated_at: "2026-06-28T01:49:30.629287+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Sarcos appoints Kiva Allgood as President and CEO; Benjamin Wolff becomes Executive Chairman

## Summary
- Effective Dec. 13, 2021, Benjamin G. Wolff resigns as CEO and becomes Executive Chairman; Kiva Allgood succeeds him as President and CEO.
- Allgood, formerly Global Head of IoT and Automotive at Ericsson, receives $450k base salary, 100% target bonus, and $6M in equity (option + RSU).
- Wolff's base salary reduced to $350k; no annual bonus starting 2022; eligible for ~$500k RSU annually.
- Board expanded to nine members; Allgood appointed as Class I director with term expiring at 2022 annual meeting.
- No material disagreement triggered CEO transition; Wolff continues as Chairman and board member.

## SEC filing metadata
- accession: 0001564590-21-060069
- form_type: 8-K
- ticker: PDYN
- cik: 0001826681
- company_name: Palladyne AI Corp.
- filed_at: 2021-12-13T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826681/000156459021060069/0001564590-21-060069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826681/000156459021060069/strc-8k_20211209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-21-060069
- JSON: https://secwatch.observer/filing/0001564590-21-060069.json
- Plain text: https://secwatch.observer/filing/0001564590-21-060069.txt

## Key facts
- Executive change
  Benjamin G. Wolff was appointed as Executive Chairman at Palladyne AI Corp..
  - Action: resigned as Chief Executive Officer and appointed as Executive Chairman
  - Role: Executive Chairman
  source text: the Board of Directors (the “Board”) approved the appointment of Benjamin G. Wolff as Executive Chairman of the Company, and Mr. Wolff resigned from his position as Chief Executive Officer of Sarcos Technology and Robotics Corporation (the “Company”), each effective as of December 13, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826681/000156459021060069/0001564590-21-060069-index.htm

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