Sarcos CEO Kiva Allgood resigns; board member Laura Peterson named interim CEO

Palladyne AI Corp.

Kiva Allgood ceased as President and CEO on May 11, 2023; resigned from board May 15.
Departure not due to any disagreement with company operations, policies, or practices.
Laura Peterson appointed interim President and CEO effective May 11; will receive $460K base salary plus 100% target bonus.
Peterson has served on Sarcos board since 2021; former Boeing executive with 22-year career.
Company highlighting transition from R&D to commercialization; Peterson to lead that phase.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed (interim)

Kiva Allgood

President and Chief Executive Officer

PDYN · Palladyne AI Corp.

Effective: 2023-05-11
Successor: Laura J. Peterson
Filed: May 17, 2023, 7:59 PM ET

Effective May 11, 2023, Kiva Allgood ceased to be President and Chief Executive Officer of Sarcos Technology and Robotics Corporation (the “Company”) and its subsidiaries (together, the “Company Group”) and ceased to be employed by the Company Group on May 12, 2023.

Departed

Kiva Allgood

member of the Board of Directors

PDYN · Palladyne AI Corp.

Effective: 2023-05-15
Filed: May 17, 2023, 7:59 PM ET

Effective May 15, 2023, Ms. Allgood resigned from her position as a member of the Board.

Appointed (interim)

Laura J. Peterson

Interim President and Chief Executive Officer

PDYN · Palladyne AI Corp.

Effective: 2023-05-11
Filed: May 17, 2023, 7:59 PM ET

Effective May 11, 2023, Laura J. Peterson, a member of the Company Group’s board of directors (the “Board”), was appointed as the Company’s Interim President and Chief Executive Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kiva Allgood resigned as President and Chief Executive Officer at Palladyne AI Corp..

Action: resigned
Role: President and Chief Executive Officer

Exact text from the filing

Effective May 11, 2023, Kiva Allgood ceased to be President and Chief Executive Officer of Sarcos Technology and Robotics Corporation (the “Company”) and its subsidiaries (together, the “Company Group”) and ceased to be employed by the Company Group on May 12, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Kiva Allgood resigned as member of the Board of Directors at Palladyne AI Corp..

Action: resigned
Role: member of the Board of Directors

Exact text from the filing

Effective May 15, 2023, Ms. Allgood resigned from her position as a member of the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Laura J. Peterson was appointed as Interim President and Chief Executive Officer at Palladyne AI Corp..

Action: appointed
Role: Interim President and Chief Executive Officer

Exact text from the filing

Effective May 11, 2023, Laura J. Peterson, a member of the Company Group’s board of directors (the “Board”), was appointed as the Company’s Interim President and Chief Executive Officer.

View on SEC.gov

Palladyne AI Corp. filing history →

Source: SEC EDGAR

accession 0001564590-23-007329

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