TELOS CORP Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Telos Corporation on July 8, 2025. The report discloses a material change in the company's senior management structure regarding the appointment of a new Principal Accounting Officer.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on personnel changes and compensation arrangements.
Material Changes
- Appointment of Principal Accounting Officer: On July 8, 2025, the Board of Directors appointed Donald Joseph (DJ) Terreri as the Company's Principal Accounting Officer.
- Role and Reporting: Mr. Terreri joined the company on June 30, 2025, as Controller and Chief Accounting Officer, reporting directly to Mark Bendza, Executive Vice President and Chief Financial Officer.
- Compensation: Mr. Terreri receives an annual salary of $285,000, standard company benefits, and is eligible for the annual bonus program and equity compensation plan.
- Background: Prior to joining Telos, Mr. Terreri served as Regional Finance Director for CBRE Government and Defense Business (July 2024 – June 2025) and Corporate Controller at J&J Worldwide Services (October 2022 – July 2024).
Guidance, Outlook, and Risks
The filing contains no management commentary regarding future guidance, outlook, risks, contingencies, or unusual items. The report is strictly limited to the disclosure of the officer's appointment and background.
Investor Verification Checklist
- Verify the effective date of Mr. Terreri's appointment as Principal Accounting Officer (July 8, 2025).
- Confirm the reporting line to the Chief Financial Officer, Mark Bendza.
- Review the disclosed compensation package, specifically the $285,000 base salary and eligibility for equity/bonus plans.
- Check for any subsequent filings regarding the resignation of the previous Principal Accounting Officer, if applicable.