secwatch.observer — SEC 8-K summary
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Issuer:     Palladyne AI Corp. (PDYN)
CIK:        0001826681
Form:       8-K
Filed at:   2023-05-17T23:59:59+00:00
Accession:  0001564590-23-007329
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826681/000156459023007329/0001564590-23-007329-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826681/000156459023007329/strc-8k_20230511.htm
  HTML page:      https://secwatch.observer/filing/0001564590-23-007329

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