secwatch.observer — SEC 8-K summary
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Issuer:     HELIOS TECHNOLOGIES, INC. (HLIO)
CIK:        0001024795
Form:       8-K
Filed at:   2025-01-06T23:59:59+00:00
Accession:  0000950170-25-002133
Event type: leadership
Sentiment:  positive
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Helios Technologies promotes Sean Bagan to President & CEO, effective Jan 6, 2025
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- Sean Bagan promoted to President & CEO, effective immediately; he had served as interim CEO/CFO since July 8, 2024.
- Chairman Philippe Lemaitre resumes role as Non-Executive Chairman after serving as Executive Chairman during interim period.
- Bagan retains CFO duties while company initiates search for permanent CFO, considering internal and external candidates.
- Compensation includes base salary of $705,000, annual cash incentive target of 100% of base salary, and equity target of 200%.
- Bagan nominated to Board of Directors, with election at June 2025 annual meeting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1024795/000095017025002133/0000950170-25-002133-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1024795/000095017025002133/hlio-20250106.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-002133

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