TELOS CORP — Form 8-K
Filed November 2, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
Effective November 2, 2026, Mark D. Griffin (Executive Vice President) became President and Chief Executive Officer under a new employment agreement providing $440,000 annual base salary plus bonus and equity eligibility. John B. Wood transitioned from CEO to Executive Chairman under amended terms. Griffin's agreement includes severance of 24 months' salary if terminated without cause, plus 24 months of benefits continuation and equity vesting acceleration upon death, disability, or without-cause termination; change-of-control severance equals 24 months' salary plus one year average bonus. Wood's compensation remains unchanged at his prior rate.
Why this rating
Leadership transition is routine succession planning. Neither executive departure nor material compensation change. Amounts unspecified for Wood; Griffin's $440K salary is <0.3% of $165M market cap. No revenue/earnings impact disclosed.
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