Company: TDY
Filing Date: 2025-06-30
Form Type: 11-K
Source: 0001094285-25-000116
Chunk: 12

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-06-30
Form: 11-K
Chunk 12
---
 the Plan during 2024 was $0.8 million.

One of the investment options available to participants is the Teledyne Technologies Incorporated Common Stock Fund valued at $93.4 million and $99.7 million at December 31, 2024 and 2023, respectively. The plan held 201,142 and 223,358 shares of Teledyne Technologies Incorporated common stock at December 31, 2024 and 2023, respectively with a cost basis of $30.6 million as of December 31, 2024.

#### 6. Risks and Uncertainties
The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market volatility and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants’ account balances and the amounts reported in the statements of net assets available for benefits.

#### 7. Delinquent Participant Contributions
Employee deferrals of $107 were not remitted to the Plan within the typical time period of the Company. Lost earnings were minimal and were deposited as soon as administratively possible.

#### 8. Subsequent Events
In December 2024, Teledyne acquired Micropac Industries, Inc. (“Micropac”). Micropac employees who were eligible for the Plan, effective December 30, 2024, were permitted to rollover their eligible account balances from the Micropac Industries, Inc. Employees Profit Sharing Plan and Trust, and $7.8 million was rolled into the Plan during 2025.

In January 2025, Teledyne acquired select aerospace and defense electronics businesses from Excelitas Technologies Corp. Employees of the U.S.-based advanced electronic systems business (“Qioptiq”), who were eligible for the Plan, effective January 31, 2025, were permitted to rollover their eligible account balances from the Excelitas Technologies Savings Plan, and $7.3 million was rolled into the Plan during 2025.

Starting in 2025, under the SECURE Act 2.0, participants ages 60 to 63 by December 31 will be eligible for the increased catch-up contributions in the Plan. The higher catch-up contribution limit for those ages 60 to 63 is $11,250. The SECURE Act 2.0 includes reforms that expand retirement coverage and savings and will