UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): February 24, 2009
 
Teledyne Technologies Incorporated
(Exact name of registrant as specified in its charter)
         
Delaware
(State or other jurisdiction of incorporation) 		  1-15295
(Commission File Number) 		  25-1843385
(I.R.S. Employer
Identification No.)
     
1049 Camino Dos Rios
Thousand Oaks, California
(Address of principal executive offices) 		 
91360-2362
(Zip Code)
Registrant’s telephone number, including area code: (805) 373-4545
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240. 13e-4(c))
 
 

 

 

Item 8.01.   Other Events.
On February 25, 2009, Teledyne Technologies Incorporated issued a press release announcing the approval by its Board of Directors on February 24, 2009, of a stock repurchase program. The press release is attached as Exhibit 99.1 and incorporated herein by reference.
Item 9.01   Financial Statements and Exhibits
(d)   Exhibits
 
99.1   Press release dated February 25, 2009, announcing stock repurchase program.

 

 

SIGNATURE
     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  TELEDYNE TECHNOLOGIES INCORPORATED
  		 
  By:   /s/ Dale A. Schnittjer    
    Dale A. Schnittjer   
    Senior Vice President and Chief Financial Officer   
 
Dated February 25, 2009

 

 

EXHIBIT INDEX
Description
99.1      Press release dated February 25, 2009, announcing stock repurchase program.

 

Exhibit 99.1
(TELEDYNE LOGO)
1049 Camino Dos Rios
Thousand Oaks, CA 91360
News Release
 
Teledyne Technologies Announces
Stock Repurchase Program
THOUSAND OAKS, Calif. — February 25, 2009 — Teledyne Technologies Incorporated (NYSE:TDY) announced today that its Board of Directors has approved a stock repurchase program authorizing the company to repurchase up to 1,500,000 shares of its common stock. At December 28, 2008, the company had outstanding 35,926,224 shares of its common stock.
Under the program, shares may be repurchased from time to time in open market transactions at prevailing market prices or in privately negotiated transactions through February 28, 2010. The timing and actual number of shares purchased will depend on a variety of factors, such as price, corporate and regulatory requirements, alternative investment opportunities, and other market and economic conditions. Repurchases will be funded with cash on hand and borrowings under the company’s credit facility.
Teledyne Technologies is a leading provider of sophisticated electronic subsystems, instrumentation and communication products, engineered systems, aerospace engines, and energy and power generation systems. Teledyne Technologies’ operations are primarily located in the United States, the United Kingdom and Mexico. For more information, visit Teledyne Technologies’ website at www.teledyne.com.
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from these forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those projected in the forward-looking statements is contained in Teledyne Technologies’ periodic filings with the Securities and Exchange Commission, including its 2007 Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. The company assumes no duty to update forward-looking statements.
Investor Contact:        Jason VanWees
(805) 373-4542
 
Press Contact:   Robyn McGowan
(805) 373-4540