Helios CEO Matosevic placed on paid leave; CFO Bagan named interim CEO

HELIOS TECHNOLOGIES, INC.

Josef Matosevic placed on paid leave effective July 1, 2024 due to alleged Code of Conduct violation.
Sean Bagan, current CFO, appointed Interim President and CEO effective July 8, 2024.
Philippe Lemaitre appointed Executive Chairman effective July 1, 2024, in addition to Chairman role.
Board investigation ongoing with outside counsel; alleged conduct unrelated to strategy or financial reporting.
Company states no impact on financial reporting or business strategy from the allegations.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Josef Matosevic

President, Chief Executive Officer and Director

HLIO · HELIOS TECHNOLOGIES, INC.

Effective: 2024-07-01
Successor: Sean Bagan
Filed: July 8, 2024, 7:59 PM ET

Mr. Josef Matosevic, the Company’s President, Chief Executive Officer and Director, on a paid leave effective July 1, 2024, immediately as a result of allegations of a potential violation of the Company’s Code of Business Conduct and Ethics.

Role change

Philippe Lemaitre

Executive Chairman

HLIO · HELIOS TECHNOLOGIES, INC.

Filed: July 8, 2024, 7:59 PM ET

Mr. Philippe Lemaitre, has been appointed Executive Chairman in addition to his role as Chairman of the Board.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Josef Matosevic departed as President, Chief Executive Officer and Director at HELIOS TECHNOLOGIES, INC..

Action: placed on a paid leave
Role: President, Chief Executive Officer and Director

Exact text from the filing

Mr. Josef Matosevic, the Company’s President, Chief Executive Officer and Director, on a paid leave effective July 1, 2024, immediately as a result of allegations of a potential violation of the Company’s Code of Business Conduct and Ethics.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Philippe Lemaitre was appointed as Executive Chairman at HELIOS TECHNOLOGIES, INC..

Action: appointed
Role: Executive Chairman

Exact text from the filing

Mr. Philippe Lemaitre, has been appointed Executive Chairman in addition to his role as Chairman of the Board.

View on SEC.gov

HELIOS TECHNOLOGIES, INC. filing history →

Source: SEC EDGAR

accession 0000950170-24-082112

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