01—Abstract
Summary
Summary of the 8-K/A filed October 2, 2026. Cited figures are marked; the original filing is the authoritative source.
Teledyne Technologies Incorporated filed this Amendment to its October 2, 2026 Form 8-K to disclose compensation arrangements that were not finally determined or available when the Original Filing was made on September 28, 2026.
The Original Filing reported that Jason VanWees will retire as Vice Chairman of Teledyne effective February 1, 2027. This amendment adds the terms of the Separation, Cooperation and General Release Agreement that Teledyne and Mr. VanWees entered into on September 25, 2026, which becomes effective October 3, 2026 after a seven-day revocation period. Under the Separation Agreement, Mr. VanWees retires as Vice Chairman on February 1, 2027 and then serves as strategic advisor to the Executive Chairman through his Separation Date of May 3, 2027.
During that advisory period he will receive his regular base salary and may take remaining accrued vacation. Through December 31, 2027, he will also provide reasonable assistance and cooperation to Teledyne and its affiliates on matters tied to his employment. In exchange for these commitments, including cooperation and non-solicitation provisions, Teledyne will pay him a lump sum of $170,000,a less standard deductions and withholding, within 30 days after the Separation Date.
The agreement also contains a general release of claims, limited non-solicitation and non-disparagement provisions, non-disclosure agreements, and other customary terms. The full agreement is filed as Exhibit 10.1 and incorporated by reference.
02—Key points
Key Highlights
- Jason VanWees will retire as Vice Chairman of Teledyne effective February 1, 2027.
- He will then serve as strategic advisor to the Executive Chairman through his Separation Date of May 3, 2027, receiving his regular base salary during that period.
- Teledyne will pay Mr. VanWees a lump sum of $170,000, less standard deductions and withholding, within 30 days after the Separation Date.
- Mr. VanWees agreed to provide reasonable cooperation on matters from his employment through December 31, 2027.
- The Separation Agreement, signed September 25, 2026, becomes effective October 3, 2026 after a seven-day revocation period.
- The agreement includes a general release of claims, limited non-solicitation and non-disparagement provisions, and non-disclosure agreements.
- This amendment supplements the September 28, 2026 Original Filing by disclosing compensation terms that were not finally determined at that time.
03—Questions
Frequently Asked Questions
When does Jason VanWees's retirement take effect?
His retirement as Vice Chairman takes effect February 1, 2027. After that, he serves as strategic advisor to the Executive Chairman through his Separation Date of May 3, 2027.
What payment will Mr. VanWees receive under the Separation Agreement?
Teledyne will pay him a lump sum of $170,000, less standard deductions and withholding, within 30 days following the Separation Date. He also receives his regular base salary during his strategic advisor period and may take any remaining accrued vacation time.
What obligations does Mr. VanWees have after retiring?
Through December 31, 2027, he must provide reasonable assistance and cooperation to Teledyne and its affiliates on matters arising from or occurring during his employment and about which he has relevant knowledge. The agreement also includes limited non-solicitation and non-disparagement provisions and non-disclosure agreements.
When does the Separation Agreement become effective?
The agreement was entered into on September 25, 2026, and becomes effective on October 3, 2026, following a seven-day revocation period.
Why was this amendment filed?
The amendment was filed to disclose compensation arrangements that were not finally determined or available at the time of the Original Filing on September 28, 2026, which reported the retirement announcement.
04—Continue