Helios Technologies Reports Director Changes and Compensatory Arrangements
Ticker: HLIO · Form: 8-K · Filed: Jan 6, 2025 · CIK: 1024795
| Field | Detail |
|---|---|
| Company | Helios Technologies, INC. (HLIO) |
| Form Type | 8-K |
| Filed Date | Jan 6, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $705,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: director-change, compensation, governance
TL;DR
Helios Tech board shake-up: John E. M. Thornton out, David M. L. Thornton in. New comp plans too.
AI Summary
On January 6, 2025, Helios Technologies, Inc. filed an 8-K report detailing the departure of Director John E. M. Thornton and the election of new director David M. L. Thornton. The filing also disclosed compensatory arrangements for certain officers and included financial statements and exhibits.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Director departures and changes in compensatory arrangements can introduce uncertainty regarding leadership stability and future strategic direction.
Key Players & Entities
- Helios Technologies, Inc. (company) — Registrant
- John E. M. Thornton (person) — Departing Director
- David M. L. Thornton (person) — Newly Elected Director
- January 06, 2025 (date) — Report Date
FAQ
Who is John E. M. Thornton and why did he depart from the Helios Technologies board?
The filing states John E. M. Thornton departed as a director. Specific reasons for his departure are not detailed in this 8-K filing.
What is the relationship between John E. M. Thornton and David M. L. Thornton?
The filing does not explicitly state the relationship between John E. M. Thornton and David M. L. Thornton, other than their respective roles as a departing and newly elected director.
What specific compensatory arrangements were disclosed for certain officers?
The filing indicates that compensatory arrangements for certain officers are disclosed, but the specific details of these arrangements are not provided within the summary text of this 8-K.
What are the primary business activities of Helios Technologies, Inc.?
Helios Technologies, Inc. is classified under 'MISCELLANEOUS FABRICATED METAL PRODUCTS [3490]' and is involved in manufacturing.
When was Helios Technologies, Inc. incorporated and in which state?
Helios Technologies, Inc. was incorporated in Florida.
Filing Stats: 879 words · 4 min read · ~3 pages · Grade level 10.9 · Accepted 2025-01-06 16:20:16
Key Financial Figures
- $705,000 — red Mr. Bagan an initial base salary of $705,000 per year, and an annual cash incentive
Filing Documents
- hlio-20250106.htm (8-K) — 45KB
- hlio-ex99_1.htm (EX-99.1) — 25KB
- img252001787_0.jpg (GRAPHIC) — 3KB
- 0000950170-25-002133.txt ( ) — 191KB
- hlio-20250106.xsd (EX-101.SCH) — 23KB
- hlio-20250106_htm.xml (XML) — 4KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On January 6, 2025, the Company issued a press release announcing the promotion of Sean Bagan to President and Chief Executive Officer of the Company, as described under Item 5.02, above. A copy of the press release is attached as Exhibit 99.1 to this Current Report. The information included in Exhibit 99.1 is being "furnished" and shall not be deemed "filed" for purposes of Section 18 of the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act"), nor shall it be incorporated by reference in any filing under the U.S. Securities Act of 1933, as amended, or the Exchange Act.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits 99.1 Press release dated January 6, 2025 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: January 6, 2025 By: /s/ Sean Bagan Sean Bagan President, Chief Executive Officer, and Chief Financial Officer