Company: TDY
Filing Date: 2025-10-22
Form Type: 8-K
Source: 0001094285-25-000137
Chunk: 1

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-10-22
Form: 8-K
Item: Item 5.02
Chunk 1
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Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(d) On October 21, 2025, Teledyne announced that, effective October 21, 2025, Teledyne's Board of Directors fixed the number of directors at 12 and appointed Laura A. Black as a Class I Director and George C. Bobb III, as a Class II Director, each for a term expiring at the 2027 Annual Meeting of Stockholders.

Mr. Bobb, age 51, has been Teledyne’s President and Chief Executive Officer since April 28, 2025.

Ms. Black, age 64, has served as a Managing Director of Needham & Company, LLC, a full-service investment banking firm since 1999. Ms. Black will become a member of the Audit Committee and the Nominating and Governance Committee of the Teledyne Board.

As a non-employee director, Ms. Black will be entitled to receive an annual retainer fee, currently $110,000, which annual fee is payable in two equal installments on or about January 1 and July 1 of each year. Each non-employee director is also automatically granted a restricted stock unit award on the date of the Annual Meeting of Stockholders equal to $210,000 divided by the fair market value of a share of Teledyne common stock on the date of grant, rounded down to the nearest whole unit share.

If a person such as Ms. Black becomes a non-employee director for the first time on a date other than an Annual Meeting date, such nonemployee director will paid a prorated portion of the annual retainer fee based on the number of days of service for such calendar year and automatically be granted an award of restricted stock units, effective as of the date of becoming a director, equal to $105,000 divided by the fair market value of a share of Teledyne common stock on the date of grant, rounded down to the nearest whole share.

The restricted stock unit award vests on the earlier of (a) one year after the date of grant, (b) upon a separation of the director from board service, or (c) upon a change of control. Shares of stock underlying the restricted stock award will be issued upon vesting unless the director elects to defer issuance until such time as the director separates from board service.

A press release dated October 21,