---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-22-034886"
form_type: "8-K"
ticker: "PDYN"
cik: "0001826681"
company_name: "Palladyne AI Corp."
filed_at: "2022-10-21T23:59:59+00:00"
generated_at: "2026-06-23T02:01:59.413353+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# CFO Steven Hansen departs; transition agreement details severance and equity acceleration

## Summary
- Steven Hansen ceased as CFO effective Oct 10, 2022; will assist transition until Dec 1, 2022.
- Severance: 6 months base salary, COBRA reimbursement, plus double-trigger change-in-control benefits.
- Change-in-control triggers: lump sum of 6 months salary, 100% target bonus, and full equity acceleration at target.
- Hansen remains employed during transition at current base salary but no bonus, no new equity, no compensation increases.
- Agreement supersedes prior employment agreement severance; Hansen releases all claims subject to supplemental release.

## SEC filing metadata
- accession: 0001564590-22-034886
- form_type: 8-K
- ticker: PDYN
- cik: 0001826681
- company_name: Palladyne AI Corp.
- filed_at: 2022-10-21T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826681/000156459022034886/0001564590-22-034886-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826681/000156459022034886/strc-8k_20221017.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-22-034886
- JSON: https://secwatch.observer/filing/0001564590-22-034886.json
- Plain text: https://secwatch.observer/filing/0001564590-22-034886.txt

## Key facts
- Executive change
  Steven Hansen departed as Chief Financial Officer at Palladyne AI Corp..
  - Action: ceased
  - Role: Chief Financial Officer
  source text: Effective October 10, 2022, Steven Hansen ceased to be Chief Financial Officer of Sarcos Technology and Robotics Corporation (the “Company”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826681/000156459022034886/0001564590-22-034886-index.htm

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