Helios Technologies Announces Board and Executive Changes
Ticker: HLIO · Form: 8-K · Filed: Jul 29, 2024 · CIK: 1024795
| Field | Detail |
|---|---|
| Company | Helios Technologies, INC. (HLIO) |
| Form Type | 8-K |
| Filed Date | Jul 29, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
Related Tickers: HLIO
TL;DR
Helios Tech (HLIO) shakes up board, adjusts exec pay. Watch for new strategic direction.
AI Summary
On July 29, 2024, Helios Technologies, Inc. filed an 8-K report detailing changes in its board of directors and executive compensation. The filing includes the election of new directors and updates to compensatory arrangements for certain officers. Specific details regarding the individuals elected and the terms of their compensation are provided within the document.
Why It Matters
Changes in a company's board of directors and executive compensation can signal shifts in strategy, governance, or financial outlook, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can indicate underlying strategic shifts or governance adjustments that may carry inherent risks.
Key Players & Entities
- Helios Technologies, Inc. (company) — Registrant
- July 29, 2024 (date) — Date of Report
- Florida (location) — State of Incorporation
- 941 362-1200 (phone_number) — Registrant's Telephone Number
FAQ
Who were the new directors elected to the Helios Technologies, Inc. board?
The filing indicates the election of new directors, but specific names are detailed within the document's sections on director appointments.
What specific changes were made to executive compensation arrangements?
The report states updates to compensatory arrangements for certain officers, with the precise details of these changes available in the relevant sections of the filing.
What is the primary reason for these board and executive changes?
The filing does not explicitly state a single primary reason but covers 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' and 'Compensatory Arrangements of Certain Officers', suggesting a governance and personnel update.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on July 29, 2024.
What is the principal executive office address for Helios Technologies, Inc.?
The principal executive office address is 7456 16th St E, Sarasota, Florida 34243.
Filing Stats: 557 words · 2 min read · ~2 pages · Grade level 13 · Accepted 2024-07-29 16:18:29
Filing Documents
- hlio-20240729.htm (8-K) — 41KB
- hlio-ex99_1.htm (EX-99.1) — 20KB
- img252001787_0.jpg (GRAPHIC) — 3KB
- 0000950170-24-087304.txt ( ) — 179KB
- hlio-20240729.xsd (EX-101.SCH) — 23KB
- hlio-20240729_htm.xml (XML) — 4KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits 99.1 Press release dated July 29, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. HELIOS TECHNOLOGIES, INC. Date: July 29, 2024 By: /s/ Sean Bagan Sean Bagan Interim President, Chief Executive Officer, and Chief Financial Officer