Teledyne discloses $170,000 lump-sum payment to retiring vice chairman VanWees in amended filing
TDY•Teledyne amended a filing to disclose that Vice Chairman Jason VanWees will retire on Feb. 1, 2027, remain a strategic adviser through May 3 while receiving his base salary, and receive a $170,000 lump-sum payment within 30 days of that date.
1. Retirement agreement terms
Teledyne amended a prior filing on Jason VanWees’ planned retirement to disclose finalized separation terms. He is set to retire as vice chairman on Feb. 1, 2027, and remain a strategic adviser to the executive chairman through May 3, 2027, while continuing to receive his base salary. The agreement provides for a $170,000 lump-sum payment within 30 days of May 3, tied to cooperation and non-solicitation commitments.
