---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-23-007329"
form_type: "8-K"
ticker: "PDYN"
cik: "0001826681"
company_name: "Palladyne AI Corp."
filed_at: "2023-05-17T23:59:59+00:00"
generated_at: "2026-06-14T22:35:28.930290+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001564590-23-007329
- form_type: 8-K
- ticker: PDYN
- cik: 0001826681
- company_name: Palladyne AI Corp.
- filed_at: 2023-05-17T23:59:59+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/1826681/000156459023007329/0001564590-23-007329-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826681/000156459023007329/strc-8k_20230511.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-23-007329
- JSON: https://secwatch.observer/filing/0001564590-23-007329.json
- Plain text: https://secwatch.observer/filing/0001564590-23-007329.txt

## Key facts
- Executive change
  Kiva Allgood resigned as President and Chief Executive Officer at Palladyne AI Corp..
  - Action: resigned
  - Role: President and Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826681/000156459023007329/0001564590-23-007329-index.htm
- Executive change
  Kiva Allgood resigned as member of the Board of Directors at Palladyne AI Corp..
  - Action: resigned
  - Role: member of the Board of Directors
  source text: Effective May 15, 2023, Ms. Allgood resigned from her position as a member of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826681/000156459023007329/0001564590-23-007329-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826681/000156459023007329/0001564590-23-007329-index.htm

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