Company: TDY
Filing Date: 2025-01-22
Form Type: 8-K
Source: 0001094285-25-000005
Chunk: 0

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-01-22
Form: 8-K
Item: Item 5.02
Chunk 0
---
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers

(e) At its meeting on January 21, 2025, the Personnel and Compensation Committee (the "Committee") of the Board of Directors of Teledyne Technologies Incorporated ("Teledyne") took the following actions, which actions were ratified by Teledyne's Board of Directors:

(1) The Committee authorized payment of Annual Incentive Plan (“ AIP”) cash bonus awards with respect to the 2024 fiscal year under the Amended and Restated Teledyne Technologies Incorporated 2014 Incentive Award Plan (the “ Plan”) to each of the Named Executive Officers set forth below identified in Teledyne’s 2024 Proxy Statement.

The following table sets forth the AIP cash bonus payments for the 2024 fiscal year to the following Named Executive Officers identified in Teledyne’s 2024 Proxy Statement:

  Name                      Current Position                                       2024 AIP Award  
 ───────────────────────────────────────────────────────────────────────────────────────────────────
  Edwin Roks                Chief Executive Officer                                      $769,800  
  Stephen F. Blackwood      Senior Vice President and Chief Financial Officer            $317,300  
  Robert Mehrabian          Executive Chairman                                         $1,176,100  
  George C. Bobb III        President and Chief Operating Officer                        $584,200  
  Jason VanWees             Vice Chairman                                                $438,600  

(2) The Committee authorized payment of awards under the cash Performance Plan for the 2022-2024 Performance Period. The Committee determined that the applicable performance goals were achieved at 70.3% of target.

The following table sets forth the Performance Plan award payments for the 2022-2024 performance period to the following Named Executive Officers identified in Teledyne’s 2024 Proxy Statement:

  Name                      Current Position                                       Performance Plan Award Payments 2022-2024 Performance Period  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Edwin Roks                Chief Executive Officer                                                                                    $231,990  
  Stephen F. Blackwood      Senior Vice President and Chief Financial Officer                                                          $126,540  
  Robert Mehrabian          Executive Chairman                                                                                       $1,237,280  
  George C. Bobb III        President and Chief Operating Officer                                                                      $155,012  
  Jason VanWees