secwatch.observer — SEC 8-K summary
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Issuer:     HELIOS TECHNOLOGIES, INC. (HLIO)
CIK:        0001024795
Form:       8-K
Filed at:   2023-07-18T23:59:59+00:00
Accession:  0000950170-23-033266
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Helios CFO Tricia Fulton retiring Aug 8; Sean Bagan (ex-Polaris) named successor
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- CFO Tricia Fulton retires after 26 years; will serve as advisor for 1 year at $40k bi-weekly fee.
- Sean Bagan appointed CFO effective Aug 9, 2023; previously 23 years at Polaris (PII).
- Bagan base salary $440k; STI target 65%, LTI target 140% of base; 4,000 RSU sign-on award.
- Bagan also receives $30k relocation; severance agreement includes 12-month salary continuation.
- Transition advisory agreement includes restrictive covenants; Fulton exits after Aug 8 earnings call.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1024795/000095017023033266/0000950170-23-033266-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1024795/000095017023033266/hlio-20230718.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-033266

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