---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-082112"
form_type: "8-K"
ticker: "HLIO"
cik: "0001024795"
company_name: "HELIOS TECHNOLOGIES, INC."
filed_at: "2024-07-08T23:59:59+00:00"
generated_at: "2026-05-31T22:46:36.246235+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-082112
- form_type: 8-K
- ticker: HLIO
- cik: 0001024795
- company_name: HELIOS TECHNOLOGIES, INC.
- filed_at: 2024-07-08T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1024795/000095017024082112/0000950170-24-082112-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1024795/000095017024082112/hlio-20240701.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-082112
- JSON: https://secwatch.observer/filing/0000950170-24-082112.json
- Plain text: https://secwatch.observer/filing/0000950170-24-082112.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1024795/000095017024082112/0000950170-24-082112-index.htm
- Executive change
  Philippe Lemaitre was appointed as Executive Chairman at HELIOS TECHNOLOGIES, INC..
  - Action: appointed
  - Role: Executive Chairman
  source text: Mr. Philippe Lemaitre, has been appointed Executive Chairman in addition to his role as Chairman of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1024795/000095017024082112/0000950170-24-082112-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.