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Teledyne Technologies Inc. – ‘10-K’ for 1/3/21 – ‘EX-10.24’

On:  Thursday, 2/25/21, at 8:33pm ET   ·   As of:  2/26/21   ·   For:  1/3/21   ·   Accession #:  1094285-21-66   ·   File #:  1-15295

Previous ‘10-K’:  ‘10-K’ on 2/24/20 for 12/29/19   ·   Next:  ‘10-K’ on 2/25/22 for 1/2/22   ·   Latest:  ‘10-K’ on 2/23/24 for 12/31/23   ·   41 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 2/26/21  Teledyne Technologies Inc.        10-K        1/03/21  119:19M

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   2.16M 
 2: EX-10.24    EX-10.24 Amendment No 1 to Employment Agreement     HTML     35K 
                Aldo Pichelli                                                    
 3: EX-21       EX-21 Subisidiaries of Teledyne Technologies        HTML     54K 
                Incorported                                                      
 4: EX-23.1     EX-23.1 Consent of Independent Registered Public    HTML     32K 
                Accounting Firm Deloitte                                         
 5: EX-24.1     EX-24.1 Power of Attorney                           HTML     36K 
 6: EX-31.1     EX-31.1 Certification of CEO Pursuant to SEC 302    HTML     36K 
 7: EX-31.2     EX-31.2 Certification of CFO Pursuant to SEC 302    HTML     36K 
 8: EX-32.1     EX-32.1 Certification of CEO Pursuant to SEC 906    HTML     33K 
 9: EX-32.2     Certification -- §906 - SOA'02                      HTML     33K 
16: R1          Cover Page                                          HTML     96K 
17: R2          Consolidated Statements of Income                   HTML     94K 
18: R3          Consolidated Statements of Comprehensive Income     HTML     61K 
19: R4          Consolidated Statements of Comprehensive Income     HTML     36K 
                (Parenthetical)                                                  
20: R5          Consolidated Balance Sheets                         HTML    117K 
21: R6          Consolidated Balance Sheets (Parenthetical)         HTML     49K 
22: R7          Consolidated Statements of Stockholders' Equity     HTML     66K 
23: R8          Consolidated Statements of Cash Flows               HTML    107K 
24: R9          Description of Business                             HTML     36K 
25: R10         Summary of Significant Accounting Policies          HTML    211K 
26: R11         Business Acquisitions, Goodwill and Acquired        HTML    152K 
                Intangible Assets                                                
27: R12         Financial Instruments                               HTML     38K 
28: R13         Accounts Receivable and Unbilled Receivables        HTML     48K 
29: R14         Inventories                                         HTML     43K 
30: R15         Supplemental Balance Sheet Information              HTML     51K 
31: R16         Stockholder's Equity                                HTML    150K 
32: R17         Long-Term Debt                                      HTML     63K 
33: R18         Income Taxes                                        HTML    122K 
34: R19         Pension Plans and Postretirement Benefits           HTML    309K 
35: R20         Business Segments                                   HTML    281K 
36: R21         Lease Commitments                                   HTML     50K 
37: R22         Commitments and Contingencies                       HTML     40K 
38: R23         Subsequent Events                                   HTML     36K 
39: R24         Quarterly Financial Data (Unaudited)                HTML    165K 
40: R25         Schedule II Valuation and Qualifying Accounts       HTML     63K 
41: R26         Summary of Significant Accounting Policies          HTML    165K 
                (Policies)                                                       
42: R27         Summary of Significant Accounting Policies          HTML    167K 
                (Tables)                                                         
43: R28         Business Acquisitions, Goodwill and Acquired        HTML    152K 
                Intangible Assets (Tables)                                       
44: R29         Accounts Receivable and Unbilled Receivables        HTML     47K 
                (Tables)                                                         
45: R30         Inventories (Tables)                                HTML     44K 
46: R31         Supplemental Balance Sheet Information (Tables)     HTML     53K 
47: R32         Stockholder's Equity (Tables)                       HTML    147K 
48: R33         Long-Term Debt (Tables)                             HTML     64K 
49: R34         Income Taxes (Tables)                               HTML    122K 
50: R35         Pension Plans and Postretirement Benefits (Tables)  HTML    309K 
51: R36         Business Segments (Tables)                          HTML    339K 
52: R37         Lease Commitments (Tables)                          HTML     45K 
53: R38         Quarterly Financial Data (Unaudited) (Tables)       HTML    259K 
54: R39         Summary of Significant Accounting Policies          HTML    122K 
                (Accumulated Other Comprehensive Income) (Details)               
55: R40         Summary of Significant Accounting Policies          HTML    182K 
                (Narrative) (Details)                                            
56: R41         Summary of Significant Accounting Policies          HTML     41K 
                (Remaining Performance Obligation) (Details)                     
57: R42         Summary of Significant Accounting Policies          HTML     44K 
                (Product Warranty and Replacement Costs) (Details)               
58: R43         Summary of Significant Accounting Policies (Net     HTML     66K 
                Income Per Common Share) (Details)                               
59: R44         Summary of Significant Accounting Policies          HTML     56K 
                (Schedule of Notional Amounts of Outstanding                     
                Foreign Currency Contracts) (Details)                            
60: R45         Summary of Significant Accounting Policies          HTML     55K 
                (Schedule of Derivative Instruments, Gain (Loss)                 
                in Statement of Financial Performance) (Details)                 
61: R46         Summary of Significant Accounting Policies (Fair    HTML     65K 
                Values of Derivative Financial Instruments)                      
                (Details)                                                        
62: R47         Business Acquisitions, Goodwill and Acquired        HTML     73K 
                Intangible Assets (Narrative) (Details)                          
63: R48         Business Acquisitions, Goodwill and Acquired        HTML     47K 
                Intangible Assets (Purchase Price) (Details)                     
64: R49         Business Acquisitions, Goodwill and Acquired        HTML     53K 
                Intangible Assets (Assets Acquired and Liabilities               
                Assumed) (Details)                                               
65: R50         Business Acquisitions, Goodwill and Acquired        HTML     54K 
                Intangible Assets (Acquired Intangible Assets)                   
                (Details)                                                        
66: R51         Business Acquisitions, Goodwill and Acquired        HTML     51K 
                Intangible Assets (Goodwill) (Details)                           
67: R52         Business Acquisitions, Goodwill and Acquired        HTML     64K 
                Intangible Assets (Other Acquired Intangible                     
                Assets) (Details)                                                
68: R53         Business Acquisitions, Goodwill and Acquired        HTML     43K 
                Intangible Assets (Remaining Useful Life)                        
                (Details)                                                        
69: R54         Financial Instruments (Details)                     HTML     33K 
70: R55         Accounts Receivable and Unbilled Receivables        HTML     46K 
                (Details)                                                        
71: R56         Inventories (Details)                               HTML     44K 
72: R57         Inventories (Details Textual)                       HTML     37K 
73: R58         Supplemental Balance Sheet Information (Property,   HTML     46K 
                Plant and Equipment) (Details)                                   
74: R59         Supplemental Balance Sheet Information (Selected    HTML     40K 
                Balance Sheet) (Details)                                         
75: R60         Stockholder's Equity (Common Stock Share Activity)  HTML     41K 
                (Details)                                                        
76: R61         Stockholder's Equity (Narrative) (Details)          HTML    141K 
77: R62         Stockholder's Equity (Fair Value Assumptions)       HTML     45K 
                (Details)                                                        
78: R63         Stockholder's Equity (Stock Option Plans)           HTML     59K 
                (Details)                                                        
79: R64         Stockholder's Equity (Exercise Price Range)         HTML     78K 
                (Details)                                                        
80: R65         Stockholder's Equity (Nonvested Restricted Stock    HTML     57K 
                Activity) (Details)                                              
81: R66         Stockholder's Equity (Directors' Restricted Stock   HTML     63K 
                Activity) (Details)                                              
82: R67         Long-Term Debt (Details)                            HTML     85K 
83: R68         Long-term Debt Maturities (Details)                 HTML     56K 
84: R69         Long-Term Debt (Narrative) (Details)                HTML     61K 
85: R70         Income Taxes (Narrative) (Details)                  HTML     76K 
86: R71         Income Taxes (Income Tax Expense (Benefit)          HTML     61K 
                (Details)                                                        
87: R72         Income Taxes (Effective Income Tax Rate) (Details)  HTML     57K 
88: R73         Income Taxes (Deferred Income Tax) (Details)        HTML     67K 
89: R74         Income Taxes (Unrecognized Tax Benefits) (Details)  HTML     48K 
90: R75         Pension Plans and Postretirement Benefits           HTML    124K 
                (Narrative) (Details)                                            
91: R76         Pension Plans and Postretirement Benefits (Net      HTML     63K 
                Periodic Pension Benefit (Income) Expense)                       
                (Details)                                                        
92: R77         Pension Plans and Postretirement Benefits (Benefit  HTML     60K 
                Obligation and Net Benefit Cost) (Details)                       
93: R78         Pension Plans and Postretirement Benefits (Benefit  HTML     58K 
                Obligation) (Details)                                            
94: R79         Pension Plans and Postretirement Benefits (Changes  HTML     56K 
                in Plan Assets) (Details)                                        
95: R80         Pension Plans and Postretirement Benefits (Funded   HTML     68K 
                Status) (Details)                                                
96: R81         Pension Plans and Post Retirement Benefits          HTML     41K 
                (Pension Plans with Accumulated Benefit                          
                Obligations in Excess of Fair Value of Plan                      
                Assets) (Details)                                                
97: R82         Pension Plans and Postretirement Benefits           HTML     56K 
                (Estimated Future Benefit Payments) (Details)                    
98: R83         Pension Plans and Postretirement Benefits           HTML     48K 
                (Percentage of Plan Assets) (Details)                            
99: R84         Pension Plans and Postretirement Benefits (Fair     HTML     88K 
                Value) (Details)                                                 
100: R85         Pension Plans and Postretirement Benefits           HTML     43K  
                (Postretirement Benefit cost (Income)) (Details)                 
101: R86         Pension Plans and Postretirement Benefits (Changes  HTML     46K  
                in Benefit Obligation) (Details)                                 
102: R87         Pension Plans and Postretirement Benefits           HTML     49K  
                (Postretirement Funded Status) (Details)                         
103: R88         Business Segments (Narrative) (Details)             HTML     75K  
104: R89         Business Segments (Business Segments) (Details)     HTML    119K  
105: R90         Business Segments (Sales and Long-lived Assets)     HTML     65K  
                (Details)                                                        
106: R91         Business Segments (Product Lines) (Details)         HTML     50K  
107: R92         Business Segments Business Segments                 HTML    128K  
                (Disaggregation of Revenue) (Details)                            
108: R93         Lease Commitments (Narrative) (Details)             HTML     49K  
109: R94         Lease Commitments (Details)                         HTML     57K  
110: R95         Commitments and Contingencies (Details Textual)     HTML     41K  
111: R96         Subsequent Events (Details)                         HTML     49K  
112: R97         Quarterly Financial Data (Unaudited) (Details)      HTML     91K  
113: R98         Quarterly Financial Data (Unaudited) - Quarterly    HTML     71K  
                Financial Data by Segment (Details)                              
114: R99         Schedule II Valuation and Qualifying Accounts       HTML     46K  
                (Details)                                                        
115: R9999       Uncategorized Items - tdy-20210103.htm              HTML     41K  
117: XML         IDEA XML File -- Filing Summary                      XML    228K  
15: XML         XBRL Instance -- tdy-20210103_htm                    XML   5.77M 
116: EXCEL       IDEA Workbook of Financial Reports                  XLSX    177K  
11: EX-101.CAL  XBRL Calculations -- tdy-20210103_cal                XML    331K 
12: EX-101.DEF  XBRL Definitions -- tdy-20210103_def                 XML   1.43M 
13: EX-101.LAB  XBRL Labels -- tdy-20210103_lab                      XML   2.75M 
14: EX-101.PRE  XBRL Presentations -- tdy-20210103_pre               XML   1.82M 
10: EX-101.SCH  XBRL Schema -- tdy-20210103                          XSD    255K 
118: JSON        XBRL Instance as JSON Data -- MetaLinks              614±   919K  
119: ZIP         XBRL Zipped Folder -- 0001094285-21-000066-xbrl      Zip    622K  


‘EX-10.24’   —   EX-10.24 Amendment No 1 to Employment Agreement Aldo Pichelli


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



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  Document  

Exhibit 10.24

AMENDMENT NUMBER 1

TO EMPLOYMENT AGREEMENT

AS OF JANUARY 26, 2021

THIS AMENDMENT NUMBER 1 (“Amendment”) to the EMPLOYMENT AGREEMENT (the “Employment Agreement”) is made and entered into as of January 26, 2021, by and between the Company and the Executive. Capitalized terms used in this Amendment without definition have the meaning given to such terms in the Employment Agreement.
RECITALS

WHEREAS, this Amendment is an amendment to the Employment Agreement made and entered into on October 23, 2018; and

WHEREAS, in 2021, the Company is transitioning to a new, overlapping three-year Performance Plan (“Performance Plan” or “PP”) with payouts, if any, following closure of each performance period.

NOW, THEREFORE, in consideration of the respective covenants and agreements hereinafter set forth, and intending to be legally bound, the parties hereto agree as follows:

SECTION 4.b.(2) of the Employment Agreement is amended as follows (with changes in bold and red text):

PSP/PP. In the PSP at an opportunity equal to 300% of Base Salary if targets are reached at 100%, or such greater percentage if provided in the PSP for any measurement period. The applicable percentage for Executive’s current 2018-2020 PSP award shall be prorated, with this increased percentage effective as of January 1, 2019. Effective January 1, 2021, the Company is transitioning to a Performance Plan, with overlapping three-year, all cash performance periods, with cash payouts, if any, following as soon as practical following the closing of the performance period. As a result of this change, Executive will participate in the PP at an opportunity equal to 100% of Base Salary if targets are reached at 100%. Installment payments and participation in the prior 2018-2020 PSP cycle are governed by their separate plan documents and the Employment Agreement.
Except as expressly amended hereby, the Employment Agreement remains in full force and effect.

IN WITNESS WHEREOF, the parties have executed this Amendment to the Employment Agreement as of the day and year first written above.

EXECUTIVE


TELEDYNE TECHNOLOGIES INCORPORATED

Chair, Personnel and Compensation Committee


Chair, Personnel and Compensation Committee


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed as of:2/26/21
Filed on:2/25/21
1/26/214,  8-K
For Period end:1/3/21
1/1/21
1/1/193
10/23/188-K
 List all Filings 


8 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/12/21  Teledyne FLIR, LLC                DEFM14A                1:3.2M                                   Donnelley … Solutions/FA
 4/12/21  Teledyne Technologies Inc.        DEFM14A                1:2.8M                                   Donnelley … Solutions/FA
 4/12/21  Teledyne Technologies Inc.        424B3                  1:2.7M                                   Donnelley … Solutions/FA
 3/26/21  Teledyne Technologies Inc.        S-4/A                  8:2.9M                                   Donnelley … Solutions/FA
 3/10/21  Teledyne Technologies Inc.        424B5                  1:1M                                     Donnelley … Solutions/FA
 3/08/21  Teledyne Technologies Inc.        424B5                  1:1M                                     Donnelley … Solutions/FA
 3/04/21  Teledyne Technologies Inc.        S-3ASR      3/04/21    7:703K                                   Donnelley … Solutions/FA
 3/04/21  Teledyne Technologies Inc.        S-4                    6:2.8M                                   Donnelley … Solutions/FA


33 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 1/27/21  Teledyne Technologies Inc.        8-K:5,9     1/26/21   15:290K
 1/21/21  Teledyne Technologies Inc.        8-K:1,2,9   1/19/21   12:319K                                   Donnelley … Solutions/FA
 1/06/21  Teledyne Technologies Inc.        8-K:1,2,5,9 1/02/21   13:1.1M                                   Donnelley … Solutions/FA
 2/24/20  Teledyne Technologies Inc.        10-K       12/29/19  121:23M
11/01/19  Teledyne Technologies Inc.        8-K:1,2,9  10/30/19   14:1.6M
 3/15/19  Teledyne Technologies Inc.        8-K:1,2,9   3/15/19    2:1.4M
10/24/18  Teledyne Technologies Inc.        8-K:5,9    10/23/18    4:151K
 1/25/18  Teledyne Technologies Inc.        8-K:5,9     1/23/18    5:288K
 4/27/17  Teledyne Technologies Inc.        8-K:5,8,9   4/26/17    3:135K
 4/19/17  Teledyne Technologies Inc.        8-K:1,2,9   4/18/17    6:2.1M
 3/21/17  Teledyne Technologies Inc.        8-K:1,7,9   3/17/17    3:1M
 3/10/17  Teledyne Technologies Inc.        DEF 14A     4/26/17    1:2.9M                                   Donnelley … Solutions/FA
 1/19/17  Teledyne Technologies Inc.        8-K:1,2,9   1/17/17    3:1.7M
 3/01/16  Teledyne Technologies Inc.        10-K        1/03/16  115:18M
12/04/15  Teledyne Technologies Inc.        8-K:1,2,9  12/04/15    2:291K
 8/28/15  Teledyne Technologies Inc.        8-K:2,8,9   8/27/15    3:2.6M
 1/07/15  Teledyne Technologies Inc.        8-K:5,8,9  12/31/14    5:138K                                   Donnelley … Solutions/FA
 9/23/14  Teledyne Technologies Inc.        8-K:2,8,9   9/23/14    3:697K                                   Donnelley … Solutions/FA
 4/24/14  Teledyne Technologies Inc.        8-K:5,9     4/23/14    3:135K
 3/05/14  Teledyne Technologies Inc.        DEF 14A     4/23/14    1:1.3M                                   Donnelley … Solutions/FA
 2/25/14  Teledyne Technologies Inc.        10-K       12/29/13  116:23M
 3/04/13  Teledyne Technologies Inc.        8-K:1,2,9   3/01/13    2:793K                                   Donnelley … Solutions/FA
 5/04/12  Teledyne Technologies Inc.        10-Q        4/01/12   71:4.3M                                   Donnelley … Solutions/FA
 3/08/12  Teledyne Technologies Inc.        DEF 14A     4/25/12    1:2.2M                                   Donnelley … Solutions/FA
 2/02/11  Teledyne Technologies Inc.        8-K:5,9     1/31/11    4:183K                                   Donnelley … Solutions/FA
 1/21/10  Teledyne Technologies Inc.        8-K:5,9     1/19/10    2:52K                                    Donnelley … Solutions/FA
 4/23/09  Teledyne Technologies Inc.        8-K:1,5,9   4/22/09    2:88K                                    RR Donnelley
 1/06/09  Teledyne Technologies Inc.        8-K:5,9    12/31/08    4:122K                                   RR Donnelley
 5/02/08  Teledyne Technologies Inc.        10-Q        3/30/08    6:283K                                   Bowne - Bde
 3/07/08  Teledyne Technologies Inc.        DEF 14A     4/23/08    1:1.1M                                   Bowne BCL/FA
 3/27/00  Teledyne Technologies Inc.        10-K405     1/02/00   16:735K                                   Bowne of Pittsbur… 01/FA
12/06/99  Teledyne Technologies Inc.        8-K/A:5,7  11/29/99    2:98K                                    Bowne of Pittsbur… 01/FA
12/01/99  Teledyne Technologies Inc.        8-K:5,7    11/29/99    7:427K                                   Bowne of Pittsbur… 01/FA
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Filing Submission 0001094285-21-000066   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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