01—Abstract
Summary
Summary of the 8-K filed September 28, 2026. Cited figures are marked; the original filing is the authoritative source.
Teledyne Technologies Incorporated (NYSE: TDY) filed an 8-K on September 28, 2026 under Item 5.02 to report that Jason VanWees, Vice Chairman, will retire from his position effective February 1, 2027, when he will be age 55.
The filing attaches a press release (Exhibit 99.1) that also announces Mary Grace DeForest's appointment as Corporate Vice President of Investor Relations and Mergers and Acquisitions, effective November 1, 2026. DeForest is currently Senior Vice President and General Manager of Teledyne Microwave. The press release credits VanWees with leading the identification and acquisition of 75 complementary businesses for cumulative consideration of $12.8 billiona, and with leading Teledyne's discussions with the investment community for decades.
It also cites a compound annual shareholder return greater than 17%b over nearly 27 years as an independent company, with sales and market capitalization growing approximately 8x and over 100x, respectively, over the same period. Robert Mehrabian, Executive Chairman, states that he and VanWees have been equal partners overseeing growth strategy and capital allocation.
The filing describes a planned, overlapping transition: VanWees's retirement and DeForest's appointment are structured to ensure continuity in the investor relations and M&A role. No financial results or guidance are included in this filing.
02—Key points
Key Highlights
- Jason VanWees, Vice Chairman, will retire effective February 1, 2027, when he will be age 55.
- Mary Grace DeForest, currently SVP and General Manager of Teledyne Microwave, is appointed Corporate Vice President of Investor Relations and M&A, effective November 1, 2026.
- DeForest's current Teledyne Microwave group has 880 employees and annual revenue of $320 million.
- VanWees led the acquisition of 75 complementary businesses for cumulative consideration of $12.8 billion.
- The company cites a compound annual shareholder return greater than 17% for nearly 27 years as an independent company.
- Over the same period, sales grew approximately 8x and market capitalization grew over 100x, per the press release.
- The retirement and appointment overlap to ensure continuity in the investor relations and M&A function.
03—Questions
Frequently Asked Questions
Who is leaving Teledyne's leadership team?
Jason VanWees, Vice Chairman, will retire from his position effective February 1, 2027. He joined Teledyne before its 1999 spin-off and was named Vice Chairman in 2021.
Who is replacing VanWees's investor relations and M&A responsibilities?
Mary Grace DeForest, Senior Vice President and General Manager of Teledyne Microwave, has been appointed Corporate Vice President of Investor Relations and Mergers and Acquisitions, effective November 1, 2026.
What is DeForest's background?
DeForest joined Teledyne in 2011 as a Manufacturing Engineer and has held roles at the corporate office and in Teledyne Marine, Digital Imaging and Defense Electronics. She holds a B.S. from Carnegie Mellon University, an M.S. in Statistics from Stanford University and an MBA from Harvard University.
What did VanWees contribute to Teledyne's growth?
According to the press release, VanWees led the identification and acquisition of 75 complementary businesses for cumulative consideration of $12.8 billion and, with Executive Chairman Robert Mehrabian, oversaw growth strategy and capital allocation, including opportunistic share repurchases.
Does the filing indicate any change to Teledyne's financial outlook?
No. The filing addresses only the leadership transition and does not include financial results or guidance.
04—Continue