Helios Technologies terminates CEO Josef Matosevic for cause; interim leadership in place

HELIOS TECHNOLOGIES, INC.

Board terminated CEO Josef Matosevic for cause after investigation confirmed policy violation (consensual relationship).
No financial misconduct; integrity of financial systems and controls unaffected.
Sean Bagan continues as interim CEO and CFO; Philippe Lemaitre remains Executive Chairman.
Board launching comprehensive search for permanent successor, considering internal and external candidates.
Interim leadership committed to executing strategy and delivering customer value during transition.

item 5.02 item 9.01

Executive movements

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Departed (interim)

Josef Matosevic

President and Chief Executive Officer

HLIO · HELIOS TECHNOLOGIES, INC.

Effective: 2024-07-29
Filed: July 29, 2024, 7:59 PM ET

The Board terminated Mr. Matosevic as President, Chief Executive Officer and Board member without severance for cause, per his employment agreement.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Josef Matosevic was terminated as President and Chief Executive Officer at HELIOS TECHNOLOGIES, INC..

Action: terminated
Role: President and Chief Executive Officer

Exact text from the filing

The Board terminated Mr. Matosevic as President, Chief Executive Officer and Board member without severance for cause, per his employment agreement.

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HELIOS TECHNOLOGIES, INC. filing history →

Source: SEC EDGAR

accession 0000950170-24-087304

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