Teledyne 8-K: Officer/Director Changes & Comp Arrangements
Ticker: TDY · Form: 8-K · Filed: Jan 25, 2024 · CIK: 1094285
Complexity: simple
Sentiment: neutral
Topics: executive-change, compensation, corporate-governance
TL;DR
**Teledyne filed an 8-K on Jan 25 about executive changes and pay, watch for details.**
AI Summary
Teledyne Technologies Inc. filed an 8-K on January 25, 2024, reporting an event that occurred on January 23, 2024, related to the departure or election of directors/officers and compensatory arrangements. This filing indicates potential changes in leadership or executive compensation, which could impact the company's strategic direction and financial performance. Investors should monitor subsequent filings for details on who is leaving or joining and the specifics of any new compensation plans, as these can influence stock valuation.
Why It Matters
Changes in executive leadership or compensation can signal shifts in company strategy, governance, or financial health, directly affecting investor confidence and future stock performance.
Risk Assessment
Risk Level: medium — The filing indicates potential changes in key personnel or their compensation, which introduces uncertainty regarding future company direction and stability.
Analyst Insight
Investors should monitor Teledyne's upcoming disclosures for specific details on executive changes and compensation, as these will provide clarity on potential strategic shifts and their financial implications.
Key Numbers
- 001-15295 — Commission File Number (identifies Teledyne's registration with the SEC)
- 25-1843385 — I.R.S. Employer Identification No. (identifies Teledyne for tax purposes)
- 805-373-4545 — Registrant's telephone number (contact information for Teledyne)
- $.01 — par value per share (par value of Teledyne's Common Stock)
Key Players & Entities
- Teledyne Technologies Inc. (company) — registrant of the 8-K filing
- January 23, 2024 (date) — date of earliest event reported
- January 25, 2024 (date) — filing date of the 8-K
- TDY (company) — trading symbol on the New York Stock Exchange
- Delaware (company) — state of incorporation for Teledyne Technologies Inc.
- 1049 Camino Dos Rios, Thousand Oaks, California 91360-2362 (company) — address of principal executive offices for Teledyne Technologies Inc.
Forward-Looking Statements
- Further details regarding specific executive changes and compensation packages will be disclosed in subsequent filings or press releases. (Teledyne Technologies Inc.) — high confidence, target: Q1 2024
- The market will react to the specifics of any new executive appointments or significant compensation changes. (TDY stock price) — medium confidence, target: within 1 week of disclosure
FAQ
What specific event triggered Teledyne Technologies Inc. to file this 8-K?
Teledyne Technologies Inc. filed this 8-K due to events related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' as per Item 5.02, and 'Financial Statements and Exhibits' as per Item 9.01.
When did the earliest event reported in this 8-K filing occur?
The earliest event reported in this 8-K filing occurred on January 23, 2024.
What is the trading symbol and exchange for Teledyne Technologies Inc.'s Common Stock?
Teledyne Technologies Inc.'s Common Stock trades under the symbol TDY on the New York Stock Exchange.
What is the state of incorporation for Teledyne Technologies Inc.?
Teledyne Technologies Inc. is incorporated in Delaware.
What is the business address of Teledyne Technologies Inc. as stated in the filing?
The business address of Teledyne Technologies Inc. is 1049 Camino Dos Rios, Thousand Oaks, California 91360-2362.
Filing Stats: 1,839 words · 7 min read · ~6 pages · Grade level 16.6 · Accepted 2024-01-25 16:31:11
Key Financial Figures
- $1,352,500 — rd Robert Mehrabian Executive Chairman $1,352,500 Susan L. Main Former Senior Vice Presi
- $362,000 — e President and Chief Financial Officer $362,000 Edwin Roks Chief Executive Officer $33
- $335,700 — 000 Edwin Roks Chief Executive Officer $335,700 George C. Bobb III President and Chief
- $429,100 — I President and Chief Operating Officer $429,100 Jason VanWees Vice Chairman $365,300
- $365,300 — r $429,100 Jason VanWees Vice Chairman $365,300 (2) The Committee authorized payment
- $1,823,896 — od Robert Mehrabian Executive Chairman $1,823,896 Susan L. Main Former Senior Vice Presi
- $271,415 — e President and Chief Financial Officer $271,415 Edwin Roks Chief Executive Officer $35
- $357,336 — 415 Edwin Roks Chief Executive Officer $357,336 George C. Bobb III President and Chief
- $237,894 — I President and Chief Operating Officer $237,894 Jason VanWees Vice Chairman $269,455
- $269,455 — r $237,894 Jason VanWees Vice Chairman $269,455 (3) The Committee approved the 2024 g
Filing Documents
- tdy-20240123.htm (8-K) — 77KB
- teledyne-prsuagreementform.htm (EX-10.1) — 109KB
- ppsummaryplanform.htm (EX-10.2) — 38KB
- image_0a.jpg (GRAPHIC) — 122KB
- image_1a.jpg (GRAPHIC) — 21KB
- 0001094285-24-000008.txt ( ) — 577KB
- tdy-20240123.xsd (EX-101.SCH) — 2KB
- tdy-20240123_lab.xml (EX-101.LAB) — 23KB
- tdy-20240123_pre.xml (EX-101.PRE) — 12KB
- tdy-20240123_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit 10.1 Form of Perfo rmance-Based Restricted Stock Unit Agreement Exhibit 10.2 Performance Plan - Summary Plan Description Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL Document) Denotes management contract or compensatory plan or arrangement. SIGNATURE 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 hereunto duly authorized. TELEDYNE TECHNOLOGIES INCORPORATED By: /s/ Melanie S. Cibik Melanie S. Cibik Executive Vice President, General Counsel, Chief Compliance Officer and Secretary Dated: January 25, 2024 EXHIBIT INDEX Description Exhibit 10.1 Form of Performance-Based Restricted Stock Unit Agreement Exhibit 10.2 Performance Plan - Summary Plan Description Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL Document) Denotes management contract or compensatory plan or arrangement