Teradyne CEO Mark Jagiela retires Feb 1, 2023; Gregory Smith succeeds as CEO

TERADYNE, INC

Mark Jagiela retired as CEO and Board member effective Feb 1, 2023.
Gregory Smith appointed CEO effective Feb 1, 2023 and joined the Board.
Jagiela's unvested RSUs and options continue vesting through Feb 1, 2026 under Retirement Agreement.
Smith's Severance Agreement provides 24 months monthly severance, benefits, and equity vesting if terminated without cause.
Retirement Agreement with Jagiela supersedes 2014 severance terms and includes non-compete through Feb 1, 2026.

item 5.02 item 9.01

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Appointed

Gregory S. Smith

Chief Executive Officer

TER · TERADYNE, INC

Effective: 2023-02-01
Filed: February 3, 2023, 6:59 PM ET

the Company appointed Gregory S. Smith the Chief Executive Officer of the Company effective February 1, 2023, replacing Mark E. Jagiela.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Gregory S. Smith was appointed as Chief Executive Officer at TERADYNE, INC.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

the Company appointed Gregory S. Smith the Chief Executive Officer of the Company effective February 1, 2023, replacing Mark E. Jagiela.

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TERADYNE, INC filing history →

Source: SEC EDGAR

accession 0001193125-23-024103

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