Sarcos CFO Andrew Hamer Exits with Significant Severance Package

Sarcos Technology and Robotics (STRC) has shared an update.

Andrew Hamer has parted ways with Palladyne AI Corp., stepping down as the Chief Financial Officer and ending his employment. He exits with a comprehensive severance package as per his Employment Agreement and Retention Letter, which includes a total of $405,000 in severance payments, extended health coverage, and accelerated vesting of his equity awards. Should the company experience a Change in Control within three months post-separation, Hamer’s benefits will adjust accordingly, showcasing the financial nuances of executive transitions in the corporate world.

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