leadership
confidence high
sentiment neutral
materiality 0.25
Teledyne discloses $170,000 separation payment to retiring Vice Chairman Jason VanWees
TELEDYNE TECHNOLOGIES INC
- VanWees retires as Vice Chairman Feb 1, 2027, then serves as strategic advisor to Executive Chairman through the May 3, 2027 Separation Date, collecting regular base salary.
- Teledyne will pay a $170,000 lump sum within 30 days after the May 3, 2027 Separation Date, less standard deductions and withholding.
- Cooperation and non-solicitation obligations run through Dec 31, 2027; cooperation capped at 20 hours per calendar quarter unless mutually agreed in writing.
- Separation Agreement signed Sept 25, 2026, effective Oct 3, 2026 after a 7-day revocation period; his Amended and Restated Change in Control Agreement terminates on the Separation Date.
- General release covers known and unknown claims and waives California Civil Code 1542; Teledyne directs Robert Mehrabian not to disparage VanWees.