---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-087304"
form_type: "8-K"
ticker: "HLIO"
cik: "0001024795"
company_name: "HELIOS TECHNOLOGIES, INC."
filed_at: "2024-07-29T23:59:59+00:00"
generated_at: "2026-05-31T15:36:11.647170+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-087304
- form_type: 8-K
- ticker: HLIO
- cik: 0001024795
- company_name: HELIOS TECHNOLOGIES, INC.
- filed_at: 2024-07-29T23:59:59+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/1024795/000095017024087304/0000950170-24-087304-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1024795/000095017024087304/hlio-20240729.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-087304
- JSON: https://secwatch.observer/filing/0000950170-24-087304.json
- Plain text: https://secwatch.observer/filing/0000950170-24-087304.txt

## Key facts
- Executive change
  Josef Matosevic was terminated as President and Chief Executive Officer at HELIOS TECHNOLOGIES, INC..
  - Action: terminated
  - Role: President and Chief Executive Officer
  source text: The Board terminated Mr. Matosevic as President, Chief Executive Officer and Board member without severance for cause, per his employment agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1024795/000095017024087304/0000950170-24-087304-index.htm

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