Company: TDY
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001193125-25-054478
Chunk: 7

Company: TELEDYNE TECHNOLOGIES INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 7
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 at 11 members. On January 22, 2025, Teledyne announced that director Charles Crocker will retire at the end of his term, immediately prior to the 2025 Annual Meeting. Upon Charles Cocker’s retirement, the number has been fixed at ten Board members. Director Terms As approved at the 2024 Annual Meeting of Stockholders, our Restated Certificate of Incorporation was amended in 2024 to declassify the Board. Prior to the amendment, the directors were divided into three classes and the directors in each class served for a three-year term. The directors elected at the 2024 Annual Meeting were elected to serve a full three-year term. The directors to be elected at the 2025 Annual Meeting will be elected to serve a two-yearterm. The directors to be elected at the 2026 Annual Meeting will be elected to serve a one-yearterm. At the 2027 Annual Meeting and at each annual meeting of stockholders thereafter, all directors will be elected annually. Directors’ Change in Status and Resignation Policy Our Change in Status and Resignation Policy requires a director to offer to tender his or her resignation if such director has a change in professional status, subject to the Board accepting the resignation. It also requires a director nominee standing for election at a meeting of stockholders to submit a contingent resignation in writing to the Chairman of the Nominating and Governance Committee prior to the meeting, which resignation becomes effective only if the director is not elected by a majority of votes cast and the Board accepts the resignation, as more fully described under “ Majority Voting for Directors” on page 12. Board Structure The Board of Directors currently consists of 11 directors, ten of whom are considered independent under existing rules of the NYSE and the SEC. Mr. Crocker, who has served as a director since 2001, has notified the Company of his intent to cease being a member of the Board at the 2025 Annual Meeting. Immediately prior to the 2025 Annual Meeting, the size of the Board will be reduced to ten. The Board thanks Mr. Crocker for his sage advice and dedicated service to the Company and its stockholders. The Chairman of the Board, Dr. Mehrabian, is also our Executive Chairman and our former Chairman, President and Chief Executive Officer, and therefore is not considered an independent director. The Executive Chairman presides at meetings of stockholders and Board meetings. The Board has formally designated Michael T. Smith, one of our independent directors, to