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Teledyne Technologies 8-K Report, Executive Changes (Apr 28, 2025)

Reports
Leadership Changes·Exhibits & Filings
Filing Date
Filed April 28, 2025
Period End
April 28, 2025
Security
TDY
In the record · 2016–202610-K1210-Q338-K120

TDY filed 12 annual reports (10-K), 33 quarterly reports (10-Q) and 120 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Mar ’19Mar ’19
  2. Deal closed8-K · May ’21May ’21
  3. Leadership change8-K · Jan ’23Jan ’23
  4. Leadership change8-K · Oct ’26Oct ’26

01—Abstract

Summary

Summary of the 8-K filed April 28, 2025. Cited figures are marked; the original filing is the authoritative source.

Teledyne Technologies Incorporated (NYSE: TDY) reported in this Form 8-K filed April 28, 2025 that Edwin Roks has retired as Chief Executive Officer, effective April 28, 2025, and will continue as a special advisor to Executive Chairman Robert Mehrabian through August 31, 2025.

George C. Bobb III, previously President and Chief Operating Officer since January 1, 2024, was named President and Chief Executive Officer effective immediately, with George reporting directly to Dr. Mehrabian. In connection with his promotion, the Board of Directors increased Mr. Bobb's annual base salary from $665,000 to $900,000a and raised his target opportunity for the 2025 AIP from 100% to 120% (on a prorated basis).

Mr. Bobb, age 50, joined Teledyne in 2008 and previously led the Aerospace and Defense Electronics Segment, with executive responsibility for Marine Instrumentation, the Engineered Systems Segment, Teledyne Scientific & Imaging, LLC, and Information Technology functions. The press release attached as Exhibit 99.1 states that Mr. Mehrabian and Mr. Bobb will continue the development and execution of Teledyne's growth strategy, and it credits Mr. Roks with contributions to growth in digital imaging and technology advancement across the portfolio, following 20 years of service.

02—Key points

Key Highlights

  1. Edwin Roks retired as CEO effective April 28, 2025, and will serve as a special advisor to Executive Chairman Robert Mehrabian through August 31, 2025.
  2. George C. Bobb III became President and Chief Executive Officer effective April 28, 2025, reporting directly to Executive Chairman Robert Mehrabian.
  3. Mr. Bobb had served as President and Chief Operating Officer since January 1, 2024, and first joined Teledyne in 2008.
  4. Mr. Bobb's annual base salary increased from $665,000 to $900,000.
  5. His target opportunity for the 2025 AIP increased from 100% to 120% (on a prorated basis).
  6. Exhibit 99.1 is a press release dated April 28, 2025, announcing the management changes.

03—Questions

Frequently Asked Questions

  1. Who is Teledyne's new CEO?

    George C. Bobb III, age 50, was named President and Chief Executive Officer effective April 28, 2025. He had been President and Chief Operating Officer since January 1, 2024.

  2. What happened to former CEO Edwin Roks?

    Edwin Roks retired as Chief Executive Officer effective April 28, 2025, and will continue as a special advisor to Executive Chairman Robert Mehrabian through August 31, 2025.

  3. How is Mr. Bobb's compensation changing?

    The Board increased his annual base salary from $665,000 to $900,000 and raised his target opportunity for the 2025 AIP from 100% to 120%, on a prorated basis, effective April 28, 2025.

  4. Who will Mr. Bobb report to?

    According to the press release, Mr. Bobb will report directly to Robert Mehrabian, Executive Chairman.

  5. What is Mr. Bobb's background at Teledyne?

    Before becoming CEO, Mr. Bobb was President of the Aerospace and Defense Electronics Segment, with executive responsibility for Marine Instrumentation, the Engineered Systems Segment, Teledyne Scientific & Imaging, LLC, and Information Technology functions. He also held other executive and legal positions, including Chief Compliance Officer.

04—Continue

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