Teledyne Vice Chairman Jason VanWees to Retire Feb. 1
DeForest's current Microwave business group has 880 employees and $320 million in annual revenue, and her corporate appointment takes effect before VanWees's retirement.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
8-K
Rhea-AI Filing Summary
Teledyne Technologies Incorporated announced that Vice Chairman Jason VanWees will retire from his current position effective February 1, 2027, when he will be 55. Mary Grace DeForest, currently Senior Vice President and General Manager of Teledyne Microwave, has been appointed Corporate Vice President of Investor Relations and Mergers and Acquisitions, effective November 1, 2026.
Teledyne said VanWees led the identification and acquisition of 75 complementary businesses for cumulative consideration of $12.8 billion. DeForest's current group has 880 employees and annual revenue of $320 million. Executive Chairman Robert Mehrabian said the transition dates overlap to ensure continuity. Teledyne also reported compound annual shareholder return greater than 17% for nearly 27 years as an independent company; over that period, sales grew approximately 8x and market capitalization over 100x.
Insights
Analyzing...
8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Complementary businesses acquired: 75 businesses
Cumulative consideration: $12.8 billion
Compound annual shareholder return: Greater than 17%
+4 more
7 metrics
Complementary businesses acquired
75 businesses
Jason VanWees led their identification and acquisition
Cumulative consideration
$12.8 billion
For the 75 complementary businesses
Compound annual shareholder return
Greater than 17%
For nearly 27 years as an independent company
Sales growth
Approximately 8x
Over nearly 27 years as an independent company
Market capitalization growth
Over 100x
Over nearly 27 years as an independent company
Employees
880 employees
Businesses under DeForest's current Teledyne Microwave group
Annual revenue
$320 million
DeForest's current Teledyne Microwave group
Key Terms
cumulative consideration, compound annual shareholder return, P&L responsibility, capital allocation, +1 more
5 terms
cumulative consideration financial
"for cumulative consideration of $12.8 billion"
P&L responsibility financial
"has P&L responsibility for a group of businesses"
P&L responsibility means being accountable for the profits and losses generated by a business unit, product line, or project. Like being the driver of a car who also pays for fuel and repairs, the person with P&L responsibility makes decisions that affect revenue and costs and is judged on the net result; investors watch this because it shows who controls financial outcomes, how risks and incentives are managed, and where value is created or eroded.
capital allocation financial
"including opportunistic share repurchases"
Capital allocation is the process of deciding how a company or individual uses their money to grow, pay bills, save, or invest. It matters because good decisions can help build wealth and ensure resources are used wisely, while poor choices can limit growth or cause financial problems. Think of it like managing your allowance—deciding whether to spend, save, or invest to meet your goals.
market capitalization financial
"sales and market capitalization have grown"
Market capitalization is the total market value of a company’s outstanding shares, calculated by multiplying the current share price by the number of shares issued. It gives a quick snapshot of a company’s size and how investors value it, influencing perceived risk, index membership, and roughly how much it might cost to buy the whole company — like using a sticker price to compare the relative size and price of different houses.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
When is Jason VanWees retiring from Teledyne?
Jason VanWees will retire from his current position as Teledyne's Vice Chairman on February 1, 2027, when he will be 55.
Who is taking over Teledyne's investor relations and M&A role, and when?
Mary Grace DeForest, currently Senior Vice President and General Manager of Teledyne Microwave, has been appointed Corporate Vice President of Investor Relations and Mergers and Acquisitions, effective November 1, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): September 28, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
| (Address of principal executive offices) | (Zip Code) | |||||||||||||
Registrant’s telephone number, including area code: (805 ) 373-4545
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240. 13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name on each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers
(b) On September 28, 2026, Teledyne Technologies Incorporated ("Teledyne") issued a press release announcing that Jason VanWees, Vice Chairman, will be retiring from his current position at Teledyne, effective February 1, 2027, at which time he will be age 55.
A copy of the Press Release is attached to this report as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| Exhibit 99.1 | Press Release, dated September 28, 2026 | |||||||
| Exhibit 104 | Cover Page Interactive Data File (embedded within the Inline XBRL Document) | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| TELEDYNE TECHNOLOGIES INCORPORATED | ||||||||||||||
| By: | /s/ Melanie S. Cibik | |||||||||||||
| Melanie S. Cibik | ||||||||||||||
| Executive Vice President, General Counsel, Chief Compliance Officer and Secretary | ||||||||||||||
| Dated: September 28, 2026 | ||||||||||||||
NewsRelease
Teledyne Announces Planned Retirement of Jason VanWees and Appointment of Mary Grace DeForest as Vice President IR and M&A
THOUSAND OAKS, Calif. – September 28, 2026 – Teledyne Technologies Incorporated (NYSE:TDY) announced today that Jason VanWees, Vice Chairman, will be retiring from his current position at Teledyne, effective February 1, 2027, at which point he will be age 55. Jason joined Teledyne prior to the company’s spin-off in 1999 and was named Vice Chairman in 2021.
Mary Grace DeForest, Senior Vice President and General Manager of Teledyne Microwave, has been appointed Corporate Vice President of Investor Relations and Mergers and Acquisitions, effective November 1, 2026.
Jason VanWees has led the identification and acquisition of 75 complementary businesses for cumulative consideration of $12.8 billion. Through disciplined capital allocation, including opportunistic share repurchases, Teledyne has evolved into a more attractive, higher-margin, technology company with compound annual shareholder return greater than 17% for nearly 27 years as an independent company. Over the same time period, Teledyne’s sales and market capitalization have grown approximately 8x and over 100x, respectively.
“Since the beginning of Teledyne Technologies, Jason and I have been equal partners overseeing Teledyne’s growth strategy and capital allocation,” said Robert Mehrabian, Executive Chairman. “At the same time, given his extensive knowledge of our businesses and markets, Jason has led Teledyne’s discussions with the investment community for decades. I express personally, and on behalf of everyone at Teledyne, that Jason will be sorely missed.”
Mary Grace DeForest joined Teledyne in 2011 as a Manufacturing Engineer and has assumed positions of increased responsibility at both the Corporate office and Teledyne businesses, including Teledyne Marine, Digital Imaging and Defense Electronics. In her current position as Senior Vice President and General Manager of Teledyne Microwave, she has P&L responsibility for a group of businesses with 880 employees and an annual revenue of $320 million. Mary Grace has a Bachelor of Science degree from Carnegie Mellon University, a Master of Science in Statistics from Stanford University and a Master in Business Administration from Harvard University.
“I knew Mary Grace as a student at Carnegie Mellon University. She is an exceptional business manager who has excelled in all of her assignments in the past 15 years. Jason’s retirement and Mary Grace’s appointment overlap to ensure continuity in this important role at Teledyne,” said Robert Mehrabian, Executive Chairman.
About Teledyne
Teledyne is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. Teledyne’s operations are primarily located in the United States, Canada, the United Kingdom and Western and Northern Europe. For more information, visit Teledyne’s website at www.teledyne.com.
| Contact: | Jason VanWees (805) 373-4542 | |||||||||||||