Telos Names Mark Griffin CEO; Founder John Wood Moves to Executive Chairman
TLS sits 38% above its 52-week low of $3.785.
Summary
Telos appointed EVP Mark Griffin as CEO effective November 2, 2026, with founder John Wood, CEO since 1994, moving to Executive Chairman at unchanged compensation. Griffin takes over a company that recently returned to growth and profitability.
Key Events · Executive and Board Changes · TLS
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Griffin Named President and CEO
The board appointed Mark D. Griffin, age 66 and with Telos since 1984, as President and CEO effective November 2, 2026, succeeding John B. Wood.
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Wood Becomes Executive Chairman
Wood remains a director and Chairman of the Board, focusing on strategy, product roadmap and key customer relationships; the filing states the change was not due to any disagreement.
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Compensation Terms Disclosed
Griffin's employment agreement sets a $440,000 annual base salary, a one-year term that auto-renews, 24-month salary continuation on termination without cause, and 24-month non-compete and non-solicit covenants. Wood's pay and benefits are unchanged and no severance or vesting acceleration is triggered.
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Q3 Results Due November 9
Telos will report third quarter 2026 financial results on Monday, November 9, 2026, with a webcast at 9:30 a.m. ET — the first update under the new CEO.
Analysis · TLS · Technology
Day-to-day control is passing to a 42-year company veteran while the CEO of three decades steps back to an advisory board role. Wood, CEO since 1994, keeps the chairman title and his pay, so this is a planned succession rather than a rupture — the filing states the transition was not the result of any disagreement. Griffin inherits a business that just posted 33% revenue growth and a return to profit, and he keeps a $440,000 base salary with a one-year auto-renewing contract and 24-month severance. The open question is whether an internal operations executive can sustain the federal contract momentum (recent wins include a $34.3M Air Combat Command task order and a $13.5M HHS order) while the board's strategic voice stays in the chairman's seat. First public read on the new CEO comes with Q3 results on November 9, 2026.
How filings like this one have moved
In the 30 days to Nov 2, 2026, 32.7% of the 1910 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, TLS was trading at $5.21 on NASDAQ in the Technology sector, with a market capitalization of approximately $389.4M. The 52-week trading range was $3.79 to $8.36. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.