TELOS CORP — fact timeline

Fred Schaufeld changed role as Interim Chairman of the Board at TELOS CORP.

“Fred Schaufeld has ceased serving as Chairman of the Board on an interim basis, with Mr. Wood resuming as Chairman.”

Hutch Robbins changed role as Interim Chief Executive Officer at TELOS CORP.

“Mark Griffin, Executive Vice President, Security Solutions, Mark Bendza, Executive Vice President and Chief Financial Officer, and Hutch Robbins, Executive Vice President and General Counsel, have ceased exercising the responsibilities of the Chief Executive Officer on an interim basis”

Mark Bendza changed role as Interim Chief Executive Officer at TELOS CORP.

“Mark Griffin, Executive Vice President, Security Solutions, Mark Bendza, Executive Vice President and Chief Financial Officer, and Hutch Robbins, Executive Vice President and General Counsel, have ceased exercising the responsibilities of the Chief Executive Officer on an interim basis”

Mark Griffin changed role as Interim Chief Executive Officer at TELOS CORP.

“Mark Griffin, Executive Vice President, Security Solutions, Mark Bendza, Executive Vice President and Chief Financial Officer, and Hutch Robbins, Executive Vice President and General Counsel, have ceased exercising the responsibilities of the Chief Executive Officer on an interim basis”

John B. Wood changed role as President, Chief Executive Officer and Chairman of the Board at TELOS CORP.

“Effective May 28, 2026, John B. Wood, President, Chief Executive Officer and Chairman of the Board of Telos Corporation (the “Company”), has returned from his medical leave of absence and has resumed his full duties and responsibilities.”

TELOS CORP reported first quarter ended March 31, 2026 results: revenue $47.7 million, net income $2.0 million. Guidance reaffirmed.

“Telos Corporation Reports 56% Revenue Growth and Continued Strong Profitability and Cash Flow Margins; Reaffirms Full Year Outlook • Substantial Growth : Revenue grew 56% year-over-year to $47.7 million, exceeding guidance, and driven by 78% growth in Security Solutions primarily due to the expansion of large programs in Telos ID. • Healthy Gross Margins : GAAP Gross Margin and Cash Gross Margin 1 both exceeded guidance assumptions primarily due to performance in Telos ID. GAAP Gross Margin was 36.4% and Cash Gross Margin 1 was 42.3%. • Rigorous Expense Discipline : GAAP Operating Expenses decreased 25% year-over-year primarily due to lower stock-based compensation expense. Adjusted Operating Expenses 1 decreased 8% primarily due to restructuring and cost management initiatives. • Expanding Operating Margins : GAAP Net Income was $2.0 million.”

TELOS CORP shareholders approved Advisory vote on the compensation of the named executive officers as disclosed in the Proxy Statement. at the 2026-05-07 meeting.

“The final results of voting regarding this proposal were as follows: FOR AGAINST ABSTAIN BROKER NON-VOTES Total shares voted 53,192,697 1,649,451 28,207 7,719,872”

TELOS CORP shareholders approved Ratify Amendment No. 2 to the Amended and Restated 2016 Omnibus Long-Term Incentive Plan to increase the number of shares available for issuance by 5,380,000 shares. at the 2026-05-07 meeting.

“The final results of the voting regarding this proposal were as follows: FOR AGAINST ABSTAIN BROKER NON-VOTES Total shares voted 49,009,338 5,837,559 23,418 7,719,872”

TELOS CORP shareholders approved Ratify the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026. at the 2026-05-07 meeting.

“The final results of voting regarding this proposal were as follows: FOR AGAINST ABSTAIN BROKER NON-VOTES Total shares voted 62,451,887 121,460 16,880 —”

TELOS CORP shareholders approved Election of seven directors to serve until the 2027 Annual Meeting of Stockholders or until their successors are elected and qualified. at the 2026-05-07 meeting.

“The final results of voting regarding the election of directors were as follows: FOR WITHHELD John B. Wood 52,539,125 2,331,230 David Borland 44,173,074 10,697,281 Maj. John W. Maluda 52,575,053 2,295,302 Bonnie Carroll 52,039,845 2,830,510 Derrick D. Dockery 52,097,048 2,773,307 Brad Jacobs 52,904,799 1,965,556 Fredrick D. Schaufeld 53,230,554 1,639,801”

TELOS CORP updated its first-quarter guidance (reaffirmed).

“The Company expects to report first-quarter revenue and Adjusted EBITDA above the high end of the guidance range it provided on March 16, 2026 and to reaffirm its full-year outlook”

Fred Schaufeld was appointed as Chairman at TELOS CORP.

“Fred Schaufeld has been appointed by the Board of Directors to serve as its Chairman on an interim basis effective immediately.”

Hutch Robbins was appointed as Executive Vice President and General Counsel at TELOS CORP.

“Mark Griffin, Executive Vice President, Security Solutions, Mark Bendza, Executive Vice President and Chief Financial Officer, and Hutch Robbins, Executive Vice President and General Counsel, under the oversight of and reporting to the Company’s Board of Directors, have assumed the responsibilities of the Chief Executive Officer on an interim basis.”

Mark Bendza was appointed as Executive Vice President and Chief Financial Officer at TELOS CORP.

“Mark Griffin, Executive Vice President, Security Solutions, Mark Bendza, Executive Vice President and Chief Financial Officer, and Hutch Robbins, Executive Vice President and General Counsel, under the oversight of and reporting to the Company’s Board of Directors, have assumed the responsibilities of the Chief Executive Officer on an interim basis.”

Mark Griffin was appointed as Executive Vice President, Security Solutions at TELOS CORP.

“Mark Griffin, Executive Vice President, Security Solutions, Mark Bendza, Executive Vice President and Chief Financial Officer, and Hutch Robbins, Executive Vice President and General Counsel, under the oversight of and reporting to the Company’s Board of Directors, have assumed the responsibilities of the Chief Executive Officer on an interim basis.”

John B. Wood departed as President, Chief Executive Officer and Chairman of the Board at TELOS CORP.

“John B. Wood, the Company’s President, Chief Executive Officer and Chairman of the Board, is taking a medical leave of absence.”

TELOS CORP updated its the fourth quarter and year ended December 31, 2025 guidance (raised).

“On Monday, March 16, 2026, Telos Corporation (the “Company”) issued a press release announcing a conference call to discuss its financial results for the fourth quarter and year ended December 31, 2025, and posted those financial results on its website.”

TELOS CORP amended Second Amendment to Credit Agreement with JPMorgan Chase Bank, N.A., as Administrative Agent and Lender valued at $15,000,000 (effective 2025-12-30).

“On December 30, 2025, Telos Corporation (the “Company”) entered into a Second Amendment to Credit Agreement (the “Second Amendment”) with JPMorgan Chase Bank, N.A., as Administrative Agent and Lender.”

Brian Bienert was appointed as Interim Controller at TELOS CORP.

“Pending that replacement, Assistant Controller Brian Bienert will assume the role of Interim Controller.”

Victoria Harding resigned as Controller and Chief Accounting Officer at TELOS CORP.

“On May 19, 2025, Ms. Victoria Harding notified Telos Corporation (the “Company”) that she is resigning as Controller and Chief Accounting Officer, effective May 30, 2025, to pursue a new professional opportunity.”

TELOS CORP reported the first quarter of 2024 results: revenue $29.6 Million, net income GAAP Net Loss $(7.4), EPS GAAP EPS $(0.10).

“Telos Corporation Announces First Quarter Results Above Guidance: Reports $29.6 Million of Revenue, 37.0% GAAP Gross Margin, and 42.2% Cash Gross Margin”

TELOS CORP reported financial results for the fourth quarter and year ended December 31, 2023.

“On Friday, March 15, 2024, Telos Corporation (the “Company”) issued a press release reporting certain financial results of the Company for the fourth quarter and year ended December 31, 2023.”

TELOS CORP: Amended Bylaws to delegate director compensation authority to the Board and give stockholders power to adopt or repeal Bylaws (effective 2023-11-07).

“On November 7, 2023, the Board of Directors (the “Board”) of Telos Corporation (the “Company) amended and restated the Company’s Bylaws effective as of November 7, 2023.”

TELOS CORP reported the third quarter 2023 results: revenue $36.2 million, net income GAAP Net Loss $(8.7), EPS GAAP EPS $(0.12). Guidance raised.

“Margin, Returns to Positive Cash Flow From Operations, and Raises Full-Year Outlook • Reports Third Quarter Results Above High End of Guidance Range on All Metrics • Delivered $36.2 Million of Revenue, Reflecting Outperformance by Security Solutions and Official Launch of TSA PreCheck ® Program • Expanded Gross Margin by 303 Basis Points Year-over-Year to 36.0%;”

TELOS CORP reported the quarter ended June 30, 2023 results: revenue $32.9 million, net income $(8.0) million, EPS $(0.12). Guidance raised.

“Telos Corporation Announces Second Quarter Results: Reports $32.9 Million of Revenue and 37.6% Gross Margin, and Raises Midpoint of Full-Year Guidance”

TELOS CORP shareholders approved Advisory vote on the frequency of future say-on-pay votes.

“In a non-binding advisory vote on the frequency of future say-on-pay votes held at the 2023 Annual Meeting: 30,520,261 shares voted for one year; 114,334 shares voted for two years; 5,380,616 shares voted for three years; and 174,481 shares abstained.”

TELOS CORP shareholders approved Advisory vote on frequency of advisory vote on executive compensation at the 2023-05-08 meeting.

“5. The holders of the Company’s Common Stock voted to approve, on an advisory basis, “every year” for the frequency of the advisory vote on executive compensation. The final results of voting regarding this proposal were as follows: EVERY YEAR EVERY 2 YEARS EVERY 3 YEARS ABSTAIN Total shares voted 30,520,261 144,334 5,380,616 174,481”

TELOS CORP shareholders rejected Advisory vote on compensation of named executive officers at the 2023-05-08 meeting.

“4. The holders of the Company’s Common Stock did not approve the proposed Board resolution, on an advisory basis, concerning the compensation of the named executive officers as disclosed in the Company’s Annual Proxy Statement. The say-on-pay advisory failed to receive the affirmative vote of a majority of the votes cast by the holders of the Company’s Common Stock present in person or represented by proxy at the annual meeting. The final results of voting regarding this proposal were as follows: FOR AGAINST ABSTAIN Total shares voted 9,667,043 25,872,490 680,159”

TELOS CORP shareholders approved Ratification of Amendment No. 2 to the 2016 Omnibus Long-Term Incentive Plan increasing available shares by six million at the 2023-05-08 meeting.

“3. The holders of the Company’s Common Stock voted to ratify Amendment No. 2 to the 2016 Omnibus Long-Term Incentive Plan, substantially in the form as provided in Exhibit A represented in the Proxy Statement, increasing the number of available shares by six million. The final results of the voting regarding this proposal were as follows: FOR AGAINST ABSTAIN Total shares voted 25,274,127 10,281,316 664,249”

TELOS CORP shareholders approved Ratification of appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for fiscal year ending December 31, 2023 at the 2023-05-08 meeting.

“2, The holders of the Company’s Common Stock voted to ratify the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. The ratification received the affirmative vote of a majority of the votes cast at the meeting. The final results of voting regarding this proposal were as follows: FOR AGAINST ABSTAIN Total shares voted 49,418,407 221,448 121,568”

TELOS CORP shareholders approved Election of seven directors to serve until the 2024 Annual Meeting at the 2023-05-08 meeting.

“1. The holders of the Company’s Common Stock elected seven directors to serve until the 2024 Annual Meeting of the stockholders or until their successors are elected and qualified. Each of the nominees received the affirmative vote of a plurality of the votes cast at the meeting. The final results of voting regarding the election of directors were as follows: FOR WITHHELD John B. Wood 31,020,603 5,199,089 David Borland 10,953,412 25,266,280 John W. Maluda 34,136,677 2,083,015 Bonnie L. Carroll 18,907,434 17,312,258 Derrick D. Dockery 18,569,303 17,650,389 Bradley W. Jacobs 33,759,663 2,460,029 Fredrick D. Schaufeld 28,316,834 7,902,858”

TELOS CORP updated its the quarter ended March 31, 2023 guidance (reaffirmed).

“On Wednesday, May 10, 2023, Telos Corporation (the “Company”) issued a press release reporting certain financial results of the Company for the quarter ended March 31, 2023.”

TELOS CORP reported the fourth quarter and full year 2022 results: revenue $47.3 million, net income $14.2 million GAAP net loss, EPS ($0.21) per share, diluted.

“of 1933, except as shall be expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- Telos Corporation Announces Fourth Quarter Results: Delivers $47.3 Million of Revenue and 38.6% Gross Margin • Delivered Quarterly Revenue of $47.3 Million and Full Year Revenue of $216.9 Million • Expanded Quarterly Gross Margin by 95 Basis Points to”

Emmett J. Wood departed as Executive Vice President, Marketing & Strategy at TELOS CORP.

“After serving Telos, its employees and shareholders for more than 25 years, Mr. Emmett J. Wood, Executive Vice President, Marketing & Strategy, informed the Company on January 9, 2023 that he is resigning as of February 7, 2023 to pursue other interests outside of the industry.”

TELOS CORP incurred revolving credit of $30,000,000 with JPMorgan Chase Bank, N.A. at Alternative Base Rate, plus .9%; Adjusted Daily Simple SOFR, plus 1.9%; and Adju maturing December 30, 2025.

“On December 30, 2022, Telos Corporation (the “Company”) entered into a Credit Agreement (the “Credit Agreement”), by and among the Company, as borrower, Xacta Corporation, ubIQuity.com, inc., Teloworks, Inc., and Telos Identity Management Solutions, LLC, as guarantors (collectively, the “Guarantors”), the lenders party thereto (the “Lenders”), and JPMorgan Chase Bank, N.A., as administrative agent for the Lenders (in such capacity, the “Agent”). The Credit Agreement provides for a $30,000,000 senior secured revolving loan facility with a maturity date of December 30, 2025”

TELOS CORP reported the quarter ended September 30, 2022 results: revenue $63.6 million, net income $7.3 million, EPS $(0.11) per diluted share. Guidance lowered.

“of 1933, except as shall be expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- Telos Corporation Announces Third Quarter Results: Delivers $63.6 Million of Revenue, 32.9% Gross Margin, and $12.0 Million of Cash Flow from Operations • Exceeded High End of Guidance Range on All Financial Metrics • Generated $12.0 Million of Cash”

Brendan Malloy departed as Executive Vice President of Secure Networks at TELOS CORP.

“On November 3, 2022, Mr. Brendan Malloy, Executive Vice President of Secure Networks, informed the Company that he is retiring at the end of 2022 after serving Telos and its customers for over 26 years.”

Victoria Harding was appointed as controller and chief accounting officer at TELOS CORP.

“On February 28, 2022, Ms. Victoria Harding, age 52, joined Telos Corporation (the “Company”) as controller and chief accounting officer and serves as the principal accounting officer of the Company.”

Derrick Dockery was appointed as Director at TELOS CORP.

“appointed Mr. Bradley W. Jacobs and Mr. Derrick Dockery”

Bradley W. Jacobs was appointed as Director at TELOS CORP.

“appointed Mr. Bradley W. Jacobs and Mr. Derrick Dockery”

Bernard C. Bailey departed as Director at TELOS CORP.

“Mr. Bernard C. Bailey informed Telos Corporation that he would not stand for re-election to its Board of Directors”

E. Hutchinson Robbins, Jr. was appointed as Executive Vice President, General Counsel at TELOS CORP.

“As of February 1, 2022, Mr. E. Hutchinson (“Hutch”) Robbins, Jr. will assume the role of Executive Vice President, General Counsel at Telos, reporting directly to Mr. John B. Wood, Chief Executive Officer.”

Jefferson V. Wright retired as Executive Vice President, General Counsel at TELOS CORP.

“On January 4, 2022, Mr. Jefferson V. Wright, Executive Vice President, General Counsel, informed Telos Corporation (the “Company”) of his decision to retire.”

Edward Williams retired as Executive Vice President, Chief Operating Officer at TELOS CORP.

“On November 11, 2021, Mr. Edward Williams, Executive Vice President, Chief Operating Officer, informed the Company that he is retiring.”

Michele Nakazawa changed role as Executive Vice President, Chief Financial Officer at TELOS CORP.

“Mr. Bendza will succeed Michele Nakazawa, who has served as the Company’s Executive Vice President, Chief Financial Officer for 17 years.”

Mark Bendza was appointed as Executive Vice President and Chief Financial Officer at TELOS CORP.

“On July 19, 2021, Telos Corporation (the “Company”) announced that Mark Bendza has been appointed to serve as Executive Vice President and Chief Financial Officer of the Company effective July 19, 2021.”