TDY 8-K
Teledyne Technologies Inc (TDY)
8-K
2023-07-31
For: 2023-07-25
View Original
Added on
April 08, 2026
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): July 25, 2023
(Exact name of registrant as specified in its charter)
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers
(b)-(c) On July 31, 2023, Teledyne Technologies Incorporated ("Teledyne") issued a press release announcing the executive promotions and retirement described below. A copy of the press release is attached hereto as Exhibit 99.1.
(1) George C. Bobb III was promoted to the position of Executive Vice President of Teledyne, effective July 25, 2023. Mr. Bobb has been a Senior Vice President of Teledyne since October 2021 and remains President of Teledyne’s Aerospace and Defense Electronics Segment with additional executive leadership responsibility for the Marine Instrumentation group, the Engineered Systems Segment, Teledyne Scientific & Imaging, which includes classified Digital Imaging programs and Teledyne’s Information Technology function. Mr. Bobb joined Teledyne in 2008. In connection with his promotion, the Personnel and Compensation Committee of the Board of Directors of Teledyne approved a new annual base salary for Mr. Bobb of $546,000 on July 25, 2023.
(2) Susan L. Main, Senior Vice President and Chief Financial Officer, will be retiring from her position at Teledyne, effective December 1, 2023. Ms. Main joined Teledyne Technologies in 2004 and was named Chief Financial Officer in 2012.
(3) Stephen F. Blackwood, Teledyne’s current Senior Vice President, Strategic Sourcing, Tax and Treasurer will succeed Ms. Main and become Senior Vice President and Chief Financial Officer on December 1, 2023. Mr. Blackwood, aged 60, has been Senior Vice President, Strategic Sourcing, Tax and Treasurer since January 1, 2019. Prior to his promotion, he was Vice President and Treasurer of Teledyne for more than five years.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| Exhibit 99.1 | ||||||||
| Exhibit 104 | Cover Page Interactive Data File (embedded within the Inline XBRL Document) | |||||||
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 | ||||||||||||||
| Senior Vice President, General Counsel, Chief Compliance Officer and Secretary | ||||||||||||||
| Dated: July 31, 2023 | ||||||||||||||
EXHIBIT INDEX
Description
| Exhibit 99.1 | ||||||||
| Exhibit 104 | Cover Page Interactive Data File (embedded within the Inline XBRL Document) | |||||||
NewsRelease
Teledyne Announces Promotions and Executive Retirement
THOUSAND OAKS, Calif. – July 31, 2023 – The Board of Directors of Teledyne Technologies Incorporated (NYSE:TDY) announced today that George C. Bobb III was promoted to the position of Executive Vice President of Teledyne, effective July 25, 2023. George has been a Senior Vice President of Teledyne since October 2021 and remains President of Teledyne’s Aerospace and Defense Electronics Segment with additional executive leadership responsibility for the Marine Instrumentation group, the Engineered Systems Segment, Teledyne Scientific & Imaging, which includes classified Digital Imaging programs and Teledyne’s Information Technology function. George joined Teledyne in 2008 and has achieved increasing levels of operational and administrative responsibility, including previously serving as Teledyne’s Chief Compliance Officer.
Also announced today, Susan L. Main, Senior Vice President and Chief Financial Officer, will be retiring from her position at Teledyne, effective December 1, 2023. Sue joined Teledyne Technologies in 2004 and was named Chief Financial Officer in 2012. Sue has continuously held financial roles with increasing responsibility at Teledyne Technologies, the former Teledyne, Inc. and related spin-off companies for the past 34 years.
Stephen F. Blackwood, Teledyne’s current Senior Vice President, Strategic Sourcing, Tax and Treasurer will succeed Sue and become Senior Vice President and Chief Financial Officer on December 1, 2023. Since joining Teledyne in 2008, Steve has completed over $5 billion in debt financings to support Teledyne’s growth and acquisition strategy and to diversify funding sources. He also was instrumental in reducing risks associated with Teledyne’s historic pension plan. Finally, Luis Arrieta, previously Executive Director and Assistant Treasurer at Amgen Inc., has recently joined Teledyne as Executive Director and Associate Treasurer and is expected to assume the position of Vice President and Treasurer on December 1, 2023.
“I have worked with Sue for 25 years. I have always admired her leadership and trusted her judgment,” said Robert Mehrabian, Chairman, President and Chief Executive Officer. “Sue has successfully led our finance organization through Teledyne’s significant growth and developed an excellent team. I will greatly miss her advice and friendship. Sue and Steve have worked together for 15 years, and I am confident of a very smooth transition. Separately, I want to congratulate George on his well-deserved promotion to Executive Vice President.”
Teledyne Technologies is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. Teledyne’s operations are primarily located in the United States, Canada, the United Kingdom, and Western and Northern Europe. For more information, visit Teledyne’s website at www.teledyne.com.