CVT President Jason Morgan resigns; Rick Martich appointed interim president

HELIOS TECHNOLOGIES, INC.

Jason Morgan resigns as President of CVT effective March 30, 2023; transition agreement includes $350k annual base salary for 12 months.
2023 short-term incentive at target (60% of base salary) and COBRA benefits continuation for 12 months.
Lump-sum payment of $419,113 in lieu of vesting of 2024 time-based and performance shares based on HLIO closing price on March 17, 2023.
Rick Martich, SVP Global Operations & Systems Sales, assumes role of interim CVT President.

item 5.02 item 9.01

Executive movements

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Appointed (interim)

Rick Martich

interim CVT President

HLIO · HELIOS TECHNOLOGIES, INC.

Effective: 2023-03-30
Filed: March 20, 2023, 7:59 PM ET

The Company has further announced, and consistent with its standard succession planning, that Rick Martich, presently the Senior Vice President, Global Operations & Systems Sales of Helios Technologies, will assume the role of interim CVT President.

Departed

Jason Morgan

President of CVT

HLIO · HELIOS TECHNOLOGIES, INC.

Effective: 2023-03-30
Successor: Rick Martich
Filed: March 20, 2023, 7:59 PM ET

On March 20, 2023, Jason Morgan, the President of CVT, informed the Company of his intent to resign, effective March 30, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Rick Martich was appointed as interim CVT President at HELIOS TECHNOLOGIES, INC..

Action: appointed
Role: interim CVT President

Exact text from the filing

The Company has further announced, and consistent with its standard succession planning, that Rick Martich, presently the Senior Vice President, Global Operations & Systems Sales of Helios Technologies, will assume the role of interim CVT President.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jason Morgan resigned as President of CVT at HELIOS TECHNOLOGIES, INC..

Action: resigned
Role: President of CVT

Exact text from the filing

On March 20, 2023, Jason Morgan, the President of CVT, informed the Company of his intent to resign, effective March 30, 2023.

View on SEC.gov

HELIOS TECHNOLOGIES, INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-008780

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