Teledyne sets 2026 pay for CEO Bobb and Executive Chairman Mehrabian; bylaws revised
On December 16, 2025, Teledyne's board approved a new employment agreement for Executive Chairman Robert Mehrabian, running through December 31, 2028, and raised the base salary of President and CEO George Bobb to $1.0 million from January 1, 2026. The board also approved revised bylaws that would let holders of at least 25% of the voting power call a special stockholder meeting, but these take effect only if stockholders approve a related charter amendment at the 2026 annual meeting.
Key points
- Mehrabian base salary set at $1.3 million effective January 1, 2026, plus a one-time $3.3 million special retention restricted stock award in 2026
- Bobb base salary set at $1.0 million effective January 1, 2026, with a 130% annual incentive target and a 140% performance plan target
- Revised Sixth Amended and Restated Bylaws allow holders of at least 25% of voting power to call a special meeting, contingent on stockholder approval at the 2026 annual meeting
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 18, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.