secwatch.observer — SEC 8-K summary
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Issuer:     TERADYNE, INC (TER)
CIK:        0000097210
Form:       8-K
Filed at:   2023-02-03T23:59:59+00:00
Accession:  0001193125-23-024103
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/97210/000119312523024103/0001193125-23-024103-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/97210/000119312523024103/d456143d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-024103

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer