# EDGAR Filing Document

**Accession Number:** 0000097210
**File Stem:** 0001193125-25-253857
**Filing Date:** 2025-10
**Character Count:** 13137
**Document Hash:** 3a55d4234b358ec2ca7c6e6f1a1fe2d4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-253857.hdr.sgml**: 20251028

**ACCESSION NUMBER**: 0001193125-25-253857

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20251028

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251028

**DATE AS OF CHANGE**: 20251028

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TERADYNE, INC
- **CENTRAL INDEX KEY:** 0000097210
- **STANDARD INDUSTRIAL CLASSIFICATION:** INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS [3825]
- **ORGANIZATION NAME:** 08 Industrial Applications and Services
- **EIN:** 042272148
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-06462
- **FILM NUMBER:** 251425871

**BUSINESS ADDRESS:**
- **STREET 1:** 600 RIVERPARK DRIVE
- **CITY:** NORTH READING
- **STATE:** MA
- **ZIP:** 01864
- **BUSINESS PHONE:** 978-370-2700

**MAIL ADDRESS:**
- **STREET 1:** 600 RIVERPARK DRIVE
- **CITY:** NORTH READING
- **STATE:** MA
- **ZIP:** 01864

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TERADYNE INC
- **DATE OF NAME CHANGE:** 19920703

?xml version='1.0' encoding='ASCII'? 8-K

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### WASHINGTON, D.C. 20549

### FORM 8-K

#### CURRENT REPORT

#### Pursuant to Section 13 or 15(d)

#### of the Securities Exchange Act of 1934

#### Date of report (Date of earliest event reported): October 28, 2025

## TERADYNE, INC.

#### (Exact Name of Registrant as Specified in Charter)

---

| | | |
|:---|:---|:---|
| **Massachusetts** | **001-06462** | **04-2272148** |
| **(State or Other Jurisdiction**<br> **of Incorporation)** | **(Commission**<br> **File Number)** | **(IRS Employer**<br> **Identification No.)** |

---

---

| | |
|:---|:---|
| **600 Riverpark Drive, North Reading, MA** | **01864** |
| **(Address of Principal Executive Offices)** | **(Zip Code)** |

---

#### Registrant's telephone number, including area code (978) 370-2700

#### (Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading<br>Symbol(s)** | **Name of each exchange**<br> **on which registered** |
| Common Stock, par value $0.125 per share | TER | Nasdaq Stock Market LLC |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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| | |
|:---|:---|
| **Item 5.02.** | **Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**  |

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On October 28, 2025, Teradyne, Inc. (the "Company" or "Teradyne") announced that Michelle Turner will succeed Sanjay Mehta as its Vice President, Chief Financial Officer, and Treasurer, effective November 3, 2025 (the "Effective Date"). Ms. Turner will also serve as principal financial officer and principal accounting officer of Teradyne upon the Effective Date. Mr. Mehta will remain with the Company as an executive advisor and his compensation will remain unchanged.

In connection with her hiring, the Company and Ms. Turner entered into an offer letter and the Company's standard Employment Agreement. Ms. Turner's offer letter provides for an initial base salary of $640,000 per year and eligibility to receive an annual cash incentive bonus with a target payout of 100% of her base salary, consistent with the variable compensation program for Teradyne executive officers and subject to the terms and conditions of the Company's Equity and Cash Compensation Incentive Plan (base salary and target annual cash incentive bonus, collectively, "Model Compensation"). On November 3, 2025, the Company will grant Ms. Turner an equity award with a total value of $6,800,000 at target consisting of time-based restricted stock units, performance-based restricted stock units and non-qualified stock options consistent with the equity grants to Teradyne executive officers in January 2025. The equity awards will be subject to the terms and conditions of the Company's equity agreements and its Equity and Cash Compensation Incentive Plan.

Ms. Turner will also receive one-time sign-on compensation comprised of (i) a cash bonus of $200,000 and (ii) a one-time lump sum cash payment of $150,000 to assist with expenses incurred in relocating to the Boston, Massachusetts area.

Ms. Turner will enter into an Executive Officer Change of Control Agreement in the form entered into with the Company's other executive officers, which provides for two years of severance payments at the annual Model Compensation rate, a prorated target cash incentive bonus for the year of termination, full accelerated vesting of equity awards (with performance-based awards vesting at target), and two years of continued health, dental and vision insurance coverage in the event she is terminated without cause or resigns for good reason during the period commencing three months prior to, and ending 24 months following, a change in control. Such benefits are subject to Ms. Turner's execution and non-revocation of a general release in favor of the Company and her continued compliance with certain post-employment restrictive covenants. The Executive Officer Change of Control Agreement will not include a provision for a tax gross-up payment.

The foregoing descriptions of the terms and conditions of the offer letter and the Executive Officer Change of Control Agreement (together, the "Executive Agreements") do not purport to be complete and are qualified in their entirety by reference to the full text of each of the Executive Agreements, each of which will be filed as an exhibit to the Company's Annual Report on Form 10-K for the period ending December 31, 2025.

Ms. Turner, age 52, served as Senior Vice President and Chief Financial Officer of L3Harris Technologies, Inc. from January 2022 to December 2023. Ms. Turner previously served as Chief Financial Officer and Vice President, Enterprise Supply Chain at Johnson & Johnson, from 2017 to 2022, Vice President, Petroleum for BHP Billiton from 2016 to 2017, and in roles of increasing responsibility, including as Vice President, Chief Financial Officer, Space and Airborne Systems at Raytheon Company from 2007 to 2017. Additional experience includes finance leadership roles with Honeywell International. Ms. Turner received her B.S. in accounting from the University of South Florida and her M.B.A. from Arizona State University.

There are no arrangements or understandings between Ms. Turner and any other persons pursuant to which Ms. Turner was appointed Vice President, Chief Financial Officer, and Treasurer and principal financial officer and principal accounting officer. Ms. Turner does not have any family relationship with any of the Company's directors or executive officers or any persons nominated or chosen by the Company to be a director or executive officer. Ms. Turner has no direct or indirect material interest in any transaction or proposed transaction required to be reported under Section 404(a) of Regulation S-K or Item 5.02(d) of Form 8-K.

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| | |
|:---|:---|
| **Item 7.01.** | **Regulation FD Disclosure.**  |

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On October 28, 2025, the Company issued a press release announcing the appointment of Ms. Turner as its Vice President and Chief Financial Officer effective November 3, 2025. A copy of the press release is attached hereto as Exhibit 99.1. The information included in this Current Report on Form 8-K under this Item 7.01 (including Exhibit 99.1) shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing made by the Company under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

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| | |
|:---|:---|
| **Item 9.01.** | **Financial Statements and Exhibits.**  |

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(d) Exhibits.

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| | |
|:---|:---|
| **Exhibit** | **Description** |
| 99.1 | [Press Release dated October 28, 2025.](d12467dex991.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | TERADYNE, INC. | TERADYNE, INC. |
| Dated: October 28, 2025 | By: | /s/ Sanjay Mehta |
|  | Name: | Sanjay Mehta |
|  | Title: | V.P., Chief Financial Officer and Treasurer |

---

## Exhibit 99.1

**Exhibit 99.1** 

**Teradyne Announces Chief Financial Officer Transition** 

North Reading, Mass. – October 28th, 2025 – Teradyne, Inc. (NASDAQ: TER), a leading provider of automated test equipment and advanced robotics, today announced that Michelle Turner has been appointed its Chief Financial Officer effective November 3, 2025 replacing Sanjay Mehta, who has served as Teradyne's CFO since 2019. Mr. Mehta will stay on as an executive advisor to help support capacity expansion driven by a demand in Semiconductor Test. Mr. Mehta plans to retire in 2026.

Ms. Turner brings 30 years of financial and strategic leadership experience in the technology and manufacturing sectors, and has a strong track record of driving growth, disciplined capital allocation, and operational efficiency.

"Our industry is entering a period of accelerating demand driven by advances in AI, semiconductors, and industrial automation," said Greg Smith, President and CEO of Teradyne. "Aligning our leadership structure around these opportunities will help us execute with focus and agility. I want to thank Sanjay for his excellent leadership and contributions over the past six years and I'm glad that we will have the benefit of his guidance as we expand capacity in 2026. I'm excited to welcome Michelle to the Teradyne team. Her broad, diverse experiences and strong track record of financial leadership will add critical strength to our team."

Ms. Turner added: "I am thrilled to join the company during such an exciting time of growth and strategic opportunity. I look forward to joining the leadership team and leading the finance organization as we build on the company's success and drive long-term shareholder returns."

Ms. Turner's experience as a senior financial executive spans the aerospace & defense, industrial, healthcare, and oil & gas industries. Prior to joining Teradyne, she was the Chief Financial Officer for L3Harris Technologies, a defense technology company. Prior to L3Harris Technologies, Ms. Turner held a variety of senior financial management and leadership roles in Johnson & Johnson, BHP Billiton, Raytheon, and Honeywell.

Ms. Turner received her bachelor's degree in accounting from the University of South Florida and her MBA from Arizona State.

**About Teradyne** 

Teradyne (NASDAQ:TER) designs, develops, and manufactures automated test equipment and advanced robotics systems. Its test solutions for semiconductors and electronics products enable Teradyne's customers to consistently deliver on their quality standards. Its advanced robotics business includes collaborative robots and mobile robots that support manufacturing and warehouse operations for companies of all sizes. For more information, visit t<u>eradyne.com</u>. Teradyne<sup>®</sup> is a registered trademark of Teradyne, Inc., in the U.S. and other countries.

For more information, contact:

Amy McAndrews

Investor Relations

Tel 978.370.3945

<u>Investor.relations@teradyne.com</u>