secwatch.observer — SEC 8-K summary
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Issuer:     HELIOS TECHNOLOGIES, INC. (HLIO)
CIK:        0001024795
Form:       8-K
Filed at:   2023-03-20T23:59:59+00:00
Accession:  0000950170-23-008780
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CVT President Jason Morgan resigns; Rick Martich appointed interim president
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1024795/000095017023008780/0000950170-23-008780-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1024795/000095017023008780/hlio-20230320.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-008780

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer