M&A - TELEDYNE TECHNOLOGIES INC

Form Type: 11-K

Filing Date: 2025-06-30

Corporate Action: Acquisition

Type: Update

Accession Number: 000109428525000116

Filing Summary: Teledyne Technologies Incorporated's 401(k) Plan reported financial statements for the fiscal year ended December 31, 2024. The plan experienced significant growth in net assets, rising from approximately $1.877 million in 2023 to $2.085 million in 2024. Key contributions totalled $112.255 million, inclusive of employee and employer contributions. The plan recorded net investment income of $288.959 million and a net increase of $207.804 million in net assets available for benefits. The acquisition of Adimec Holding B.V. in June 2024 allowed eligible employees to rollover their account balances into the plan, further bolstering assets. Additionally, the report highlights compliance with ERISA and shows a well-structured participant contribution framework along with administrative expense coverage. The report includes audited financial statements from Deloitte & Touche LLP and Moss Adams LLP, indicating the audits met PCAOB standards.