TELEDYNE TECHNOLOGIES INC (TDY)
Sector: Information Technology
2026 Annual Meeting Analysis
TELEDYNE TECHNOLOGIES INC · Meeting: April 22, 2026
Directors FOR
2
Directors AGAINST
0
Say on Pay
FOR
Auditor
FOR
Director Elections
Election of two Class III directors for a one-year term expiring at the 2027 Annual Meeting
Kumbier has served since 2020 (within the 5-year threshold), Teledyne's 3-year TSR of +51.7% is strong positive and outperforms the peer median by +34.7pp (well below the 50pp trigger required for strong-positive TSR), she holds 3 public board seats (below the 4-seat overboarding limit), all meetings attended in 2025, and she brings relevant manufacturing and operations expertise.
Malone has served since 2015, Teledyne's 3-year TSR outperforms the peer median by +34.7pp (the 50pp trigger for strong-positive TSR is not breached), he holds 3 public board seats (Teledyne, Halliburton, Peabody — below the 4-seat limit), all meetings attended in 2025, and he brings banking, energy, and compliance expertise relevant to the board.
Both Class III nominees pass all policy screens: no overboarding, no TSR underperformance trigger (Teledyne's 3-year TSR of +51.7% outperforms the peer median by +34.7pp, which does not breach the 50pp threshold applicable to strong-positive TSR), full meeting attendance in 2025, and relevant qualifications. Both receive a FOR recommendation.
Say on Pay
✓ FORCEO
George C. Bobb III
Total Comp
$4,255,049
Prior Support
N/A
CEO George C. Bobb III received total compensation of approximately $4.26 million, which is modest for a CEO of a $29.6 billion technology/defense company and is well within reasonable benchmarks for this title, sector, and market cap band — no overcompensation trigger applies. Teledyne's stock returned +51.7% over three years, outperforming the peer group median by +34.7 percentage points, meaning above-benchmark incentive pay (if any) is fully justified by superior shareholder returns. The company discloses a formal clawback policy and prohibits hedging and pledging, reflecting sound pay governance.
Auditor Ratification
✓ FORAuditor
Deloitte & Touche LLP
Tenure
11 yrs
Audit Fees
$7,253,000
Non-Audit Fees
$877,000
Deloitte has served as Teledyne's auditor since May 2015, giving it approximately 11 years of tenure — well below the 25-year threshold that would trigger a concern. Non-audit fees (audit-related fees of $99K + tax fees of $776K + other fees of $2K = $877K) represent approximately 12% of core audit fees ($7,253K), comfortably below the 50% threshold. Deloitte is a Big 4 firm appropriate for a $29.6B market-cap company, and no material restatements were identified.
Overall Assessment
Teledyne's 2026 annual meeting ballot is straightforward with no significant governance concerns: both director nominees pass all policy screens amid strong 3-year stock outperformance versus peers, the auditor has modest tenure and low non-audit fees, and CEO pay is conservative for the company's size. The board is also proposing a meaningful pro-shareholder governance improvement by adding a 25% special meeting right in direct response to a majority stockholder vote at the 2025 annual meeting.
Compensation Peer Group
16 companies disclosed in 2026 proxy filing