Source-grounded facts extracted from Palladyne AI Corp.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
Palladyne AI Corp. shareholders approved Approval of Restricted Stock Unit Awards to our Senior Executives.
“The restricted stock unit awards to our senior executives were approved. For Against Abstain Broker Non-Votes 19,630,273 3,440,470 169,787 9,575,723”
Palladyne AI Corp. shareholders approved Approval of the Company's 2021 Equity Incentive Plan, as amended and restated, to increase the number of shares authorized for issuance thereunder.
“The Company's 2021 Equity Incentive Plan, as amended and restated was approved. For Against Abstain Broker Non-Votes 16,236,339 6,865,822 138,369 9,575,723”
Palladyne AI Corp. shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2026-12-31 meeting.
“The appointment of KPMG LLP as the Company’s independent registered public accounting firm for the Company’s fiscal year ending December 31, 2026 was ratified. For Against Abstain Broker Non-Votes 29,069,119 3,677,340 69,794 —”
Palladyne AI Corp. shareholders approved Election of Class II Director.
“The following nominee was elected as a Class II director to hold office until our 2029 annual meeting of stockholders and until his successor is elected and qualified or until his earlier death, resignation or removal. Nominee For Withhold Broker Non-Votes Dennis Weibling 19,383,890 3,856,640 9,575,723”
Palladyne AI Corp. reported the first quarter ended March 31, 2026 results: revenue $3.5 million, net income ($12.6) million, EPS ($0.28). Guidance reaffirmed.
“99.1 Palladyne AI Reports First Quarter 2026 Results First full quarter as a vertically integrated defense and industrial AI company; revenue increased 107% year-over-year to $3.5 million Backlog of approximately $17 million as of March 31, 2026, net of revenue recognized, reflects approximately $7 million in new contract awards during the quarter Reiterates”
Laura J. Peterson retired as Executive Vice Chair and a member of the Board at Palladyne AI Corp..
“Laura J. Peterson, Executive Vice Chair and a member of the Board, notified the Company of her retirement from the Board and all positions with the Company, effective February 23, 2025.”
Michael T. Young was appointed as Class III Director at Palladyne AI Corp..
“appointed Michael T. Young to serve as a Class III director of the Company, effective as of February 24, 2025”
Palladyne AI Corp. engaged KPMG LLP as its auditor.
“On April 3, 2024, the Audit Committee approved the engagement of KPMG LLP as the Company’s new independent registered public accounting firm for the year ending December 31, 2024.”
Palladyne AI Corp. dismissed Ernst & Young LLP as its auditor.
“On April 3, 2024, the Audit Committee (the “Audit Committee”) of the Board of Directors of Palladyne AI Corp. (the “Company”) dismissed Ernst & Young LLP (“EY”) as the Company’s independent registered public accounting firm, effective immediately.”
Andrew Hamer departed as Chief Financial Officer at Palladyne AI Corp..
“Andrew Hamer ceased to be Chief Financial Officer of the Company and its subsidiaries (the “Company Group”) on March 5, 2024 and ceased being an employee on March 8, 2024”
Palladyne AI Corp.: Board approved an amendment and restatement of the Company’s bylaws to reflect name change and remove expired lock-up provisions (effective 2024-03-18).
“Additionally, effective March 18, 2024, the Board approved an amendment and restatement of the Company’s bylaws (the “Amended and Restated Bylaws”) to reflect the Name Change and to remove expired lock-up provisions.”
Palladyne AI Corp.: Company changed name to Palladyne AI Corp. via a Certificate of Amendment to the Amended and Restated Certificate of Incorporation (effective 2024-03-18).
“Effective March 18, 2024, Sarcos Technology and Robotics Corporation (the “Company”) changed its name to Palladyne AI Corp. (the “Name Change”).”
Andrew Hamer departed as Chief Financial Officer at Palladyne AI Corp..
“Mr. Hamer ceased serving as the Company’s Chief Financial Officer on March 5, 2024 upon the appointment of Mr. Thatcher to that position.”
Trevor Thatcher was appointed as Chief Financial Officer at Palladyne AI Corp..
“On March 5, 2024, the Board of Directors (the “Board”) of Sarcos Technology and Robotics Corporation (the “Company”) appointed Trevor Thatcher as Chief Financial Officer of the Company.”
Benjamin G. Wolff was appointed as President and Chief Executive Officer at Palladyne AI Corp..
“appointed Benjamin G. Wolff as President and Chief Executive Officer of the Company, effective February 23, 2024”
Palladyne AI Corp. reported the quarter ended September 30, 2023 results: revenue $1.8 million, net income $29.0 million or $1.13 per share, EPS $1.13 per share.
“Third quarter 2023 total revenue was $1.8 million, compared to $4.7 million during the third quarter of 2022.”
Palladyne AI Corp. announced a impairment with charges of $5.7 million affecting inventory and other current assets.
“The Company has incurred impairment charges of $5.7 million during the three months ended September 30, 2023 in connection with the streamlining of the organization and business, including $5.2 million due to the write-down of inventory and $0.5 million related to the impairment of other current assets.”
Palladyne AI Corp. announced a restructuring with charges of $22 million to $24 million affecting restructuring including accelerated amortization of intangible and other assets.
“The Company anticipates incurring additional charges related to the restructuring in the range of approximately $22 million to $24 million during the fourth quarter of 2023 and the first quarter of 2024, which includes the $4 million in salaries, wages, severance and benefit payments noted above. The remainder will be non-cash expenses related to expected accelerated amortization of intangible and other assets due to the strategic shift initiated during the fourth quarter.”
Palladyne AI Corp. announced a restructuring with charges of up to approximately $4 million affecting workforce reduction (approximately 150 employees, representing approximately 70% of the Company’s workforce).
“On November 10, 2023, the Company’s board of directors (the “Board”) determined to pivot the Company’s business to focus on its artificial intelligence/machine learning software platform. In connection with this change in business strategy, the Company will carry out a reduction in force affecting approximately 150 employees, representing approximately 70% of the Company’s workforce. In connection with the reduction in force, the Company currently estimates it will incur up to approximately $4 million of costs”
Palladyne AI Corp. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).
“October 24, 2023, Sarcos Technology and Robotics Corporation (the “Company”) received written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market, LLC (“Nasdaq”) notifying the Company that, based on the closing bid price of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), for the last 30 consecutive business days, the Company no longer complies with the minimum bid price requirement for continued listing on The Nasdaq Global Market. Nasdaq Listing Rule 5450(a)(1) requires listed securities to maintain a minimum bid price of $”
Laura J. Peterson was appointed as President and Chief Executive Officer at Palladyne AI Corp..
“On October 19, 2023, the Board of Directors (the "Board") of Sarcos Technology and Robotics Corporation (the “Company”), appointed Laura J. Peterson, who had been serving as the Company's Interim President and Chief Executive Officer, as permanent President and Chief Executive Officer.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.