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8-K filed June 2, 2023, 7:59 PM ET ticker HLIO CIK 0001024795

M&A confidence high sentiment positive materiality 0.60

Helios acquires i3 Product Development for cash and stock; expects immediate EPS accretion

HELIOS TECHNOLOGIES, INC.

Acquired i3 Product Development, a custom engineering firm with 55+ engineers, on May 26, 2023.
Consideration includes cash and 370,276 shares of HLIO common stock issued in private placement under Section 4(a)(2).
Acquisition expected to be immediately accretive to earnings; other terms not disclosed.
At June 1 annual meeting, shareholders elected three directors, ratified Grant Thornton as auditor, approved say-on-pay annually and 2023 equity incentive plan.

item 3.02 item 5.07

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

HELIOS TECHNOLOGIES, INC. shareholders approved Ratification of the Appointment of Independent Registered Public Accounting Firm at the 2023-06-01 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2023-06-01

Exact text from the filing

For 30,342,354 Against 138,393 Abstain 3,479 Broker Non-Votes N/A

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

HELIOS TECHNOLOGIES, INC. shareholders approved Election of Directors Laura Dempsey Brown, Cariappa Chenanda and Alexander Schuetz at the 2023-06-01 meeting.

Proposal: director election
Outcome: passed
Meeting: 2023-06-01

Exact text from the filing

Director For Against Withhold Broker Non-Votes Laura Dempsey Brown 28,712,878 924,306 13,990 833,052 Cariappa Chenanda 28,584,741 1,053,778 12,655 833,052 Alexander Schuetz 27,704,257 1,934,195 12,722 833,052

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

HELIOS TECHNOLOGIES, INC. shareholders approved Advisory Vote on Executive Compensation at the 2023-06-01 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2023-06-01

Exact text from the filing

For 23,018,569 Against 6,393,296 Abstain 238,866 Broker Non-Votes 833,495

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

HELIOS TECHNOLOGIES, INC. shareholders approved Approval of the 2023 Equity Incentive Plan at the 2023-06-01 meeting.

Proposal: equity plan
Outcome: passed
Meeting: 2023-06-01

Exact text from the filing

For 28,814,207 Against 818,788 Abstain 8,179 Broker Non-Votes 843,052

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

HELIOS TECHNOLOGIES, INC. shareholders approved Advisory Vote on the Frequency of an Advisory Vote to Approve Named Executive Officer Compensation at the 2023-06-01 meeting.

Proposal: say on pay frequency
Outcome: passed
Meeting: 2023-06-01

Exact text from the filing

1 Year 28,497,930 2 Years 16,496 3 Years 1,131,226 Abstain 5,162 Broker Non-Votes 833,412

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546 shareholder votes filed in the last 30 days. Browse all shareholder votes →

HELIOS TECHNOLOGIES, INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-026146

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