Palladyne AI Corp. Reports Director/Officer Changes
Ticker: PDYNW · Form: 8-K · Filed: Dec 27, 2024 · CIK: 1826681
| Field | Detail |
|---|---|
| Company | Palladyne Ai Corp. (PDYNW) |
| Form Type | 8-K |
| Filed Date | Dec 27, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.0001, $69.00, $1, $250,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, officer-appointment, director-election, compensation
Related Tickers: PDYN
TL;DR
Palladyne AI Corp. (PDYN) filed an 8-K detailing leadership changes and executive compensation updates.
AI Summary
Palladyne AI Corp. filed an 8-K on December 27, 2024, reporting events as of December 26, 2024. The filing pertains to the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements for certain officers. The company, formerly known as Sarcos Technology & Robotics Corp., is incorporated in Delaware and operates in the prepackaged software industry.
Why It Matters
This 8-K filing indicates significant changes in the leadership and compensation structure of Palladyne AI Corp., which could impact the company's strategic direction and operational execution.
Risk Assessment
Risk Level: medium — Changes in directors and officers, along with compensation adjustments, can signal internal shifts that may affect future performance and strategy.
Key Players & Entities
- Palladyne AI Corp. (company) — Registrant
- Sarcos Technology & Robotics Corp. (company) — Former company name
- December 26, 2024 (date) — Earliest event reported
- December 27, 2024 (date) — Date of report
FAQ
What specific changes were made regarding directors or officers?
The filing indicates the departure of directors or certain officers, the election of directors, and the appointment of certain officers.
What is the primary business of Palladyne AI Corp.?
Palladyne AI Corp. is in the SERVICES-PREPACKAGED SOFTWARE industry, with SIC code 7372.
When was the company formerly known as Sarcos Technology & Robotics Corp.?
The company was formerly known as Sarcos Technology & Robotics Corp. and Sarcos Technology & Robotics Corporation, with a name change date of September 24, 2021.
What is the state of incorporation for Palladyne AI Corp.?
Palladyne AI Corp. is incorporated in Delaware.
What is the fiscal year end for Palladyne AI Corp.?
The fiscal year end for Palladyne AI Corp. is December 31.
Filing Stats: 1,548 words · 6 min read · ~5 pages · Grade level 13.2 · Accepted 2024-12-27 16:08:00
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share PDYN The Nasdaq Stock Mar
- $69.00 — of Common Stock at an exercise price of $69.00 per share PDYNW The Nasdaq Stock Ma
- $1 — Mr. Wolff with net pay of approximately $1 per year after reduction (a) for applic
- $250,000 — and ending December 31, 2027, a rate of $250,000 per year prior to applicable withholdin
Filing Documents
- pdyn-20241226.htm (8-K) — 60KB
- pdyn-ex10_1.htm (EX-10.1) — 151KB
- 0000950170-24-140797.txt ( ) — 383KB
- pdyn-20241226.xsd (EX-101.SCH) — 44KB
- pdyn-20241226_htm.xml (XML) — 6KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 10.1 Amended and Restated Employment Agreement between the Company, Sarcos Corp. and Benjamin G. Wolff, dated December 26, 2024 104 Cover Page Interactive Data File (formatted as Inline XBRL)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Palladyne AI Corp. Dated: December 27, 2024 By: /s/ Stephen Sonne Name: Title: Stephen Sonne Chief Legal Officer & Secretary