Company: TDY
Filing Date: 2025-02-28
Form Type: PRE 14A
Source: 0001193125-25-042748
Chunk: 40

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-02-28
Form: PRE 14A
Chunk 40
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 This summary of the Majority Voting Amendments is qualified in its entirety by the specific text of the proposed amendments to the Certificate of Incorporation, which are attached as Appendix A to this Proxy Statement. A summary of the proposed amendments is as follows:

|                                                                      |     | Current Voting Standard               |     | Proposed Amended Voting             
 Standard                            |
| Adopting, amending, or repealing bylaws                              |     | 75% vote of outstanding shares        |     | Majority vote of outstanding shares |
| Removing a director for cause                                        |     | 75% vote of outstanding shares        |     | Majority vote of outstanding shares |
| Adopting or authorizing a Fundamental Change                         |     | Two-thirds vote of outstanding shares |     | Majority vote of outstanding shares |
| Altering, amending, supplementing or repealing provisions of charter |     | 75% vote of outstanding shares        |     | Majority vote of outstanding shares |

Background At the Company’s 2024 Annual Meeting of Stockholders, our stockholders voted on a stockholder proposal requesting that the Board take the steps necessary, in compliance with applicable laws, so that each stockholder voting requirement in our Certificate of Incorporation and Bylaws (the “Governance Documents”) that calls for a greater than simple majority vote be replaced by a requirement for a majority of the votes cast for and against applicable proposals, or a simple majority in compliance with applicable laws. The proposal passed with the support of a majority of the votes cast at our 2024 Annual Meeting of Stockholders. The Board has carefully considered the advantages and disadvantages of maintaining supermajority voting requirements in our Governance Documents, including the provisions requiring the affirmative vote of 75% of the combined voting power of all outstanding voting securities of the Company to amend certain provisions of our Certificate of Incorporation, to adopt, amend or repeal the bylaws of the Company, to remove directors of the Company, and two-thirdsof the outstanding shares of Common Stock for the adoption or authorization of a fundamental change. In our 2024 proxy statement, the Board recommended that stockholders vote against the stockholder proposal, explaining that the supermajority voting requirements in the Governance Documents are intended to ensure broad stockholder support for limited fundamental corporate matters, protect against large stockholders acting in their own self-interests and having the power to approve actions that would significantly alter the governance of the Company, including fundamental changes to the Company’s corporate governance structure or operations that could negatively impact the interests of all stockholders. The Board acknowledges