# EDGAR Filing Document

**Accession Number:** 0001024795
**File Stem:** 0001024795-25-000004
**Filing Date:** 2025-8
**Character Count:** 22167
**Document Hash:** 10beb3d6130e53952cb4c4d86687f452
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001024795-25-000004.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001024795-25-000004

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20250828

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250828

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HELIOS TECHNOLOGIES, INC.
- **CENTRAL INDEX KEY:** 0001024795
- **STANDARD INDUSTRIAL CLASSIFICATION:** MISCELLANEOUS FABRICATED METAL PRODUCTS [3490]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 592754337
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1230

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40935
- **FILM NUMBER:** 251275139

**BUSINESS ADDRESS:**
- **STREET 1:** 7456 SIXTEENTH STREET EAST
- **CITY:** SARASOTA
- **STATE:** FL
- **ZIP:** 34243
- **BUSINESS PHONE:** 9413621200

**MAIL ADDRESS:**
- **STREET 1:** 7456 SIXTEENTH STREET EAST
- **CITY:** SARASOTA
- **STATE:** FL
- **ZIP:** 34243

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SUN HYDRAULICS CORP
- **DATE OF NAME CHANGE:** 19970423

?xml version='1.0' encoding='ASCII'? 8-K

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549**

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## FORM 8-K

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**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported):** August 28, 2025<br>

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HELIOS TECHNOLOGIES, INC.

**(Exact name of Registrant as Specified in Its Charter)**

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| | | |
|:---|:---|:---|
| Florida | 001-40935 | 59-2754337 |
| **(State or Other Jurisdiction<br>of Incorporation)** | **(Commission File Number)** | **(IRS Employer<br>Identification No.)** |
| 7456 16th St E |  |  |
| Sarasota**,** Florida |  | 34243 |
| **(Address of Principal Executive Offices)** |  | **(Zip Code)** |

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**Registrant's Telephone Number, Including Area Code:** 941 362-1200<br>

**(Former Name or Former Address, if Changed Since Last Report)**

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered pursuant to Section 12(b) of the Act:**

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| | | |
|:---|:---|:---|
| **<br>Title of each class** | **Trading<br>Symbol(s)** | **<br>Name of each exchange on which registered** |
| Common Stock $.001 Par Value | HLIO | New York Stock Exchange |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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## Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 28, 2025, the Board of Directors of Helios Technologies, Inc. (the "<u>Company</u>"), announced that Michael Connaway has been appointed to the corporate officer position of Executive Vice President, Chief Financial Officer, effective within the next 60 days during the month of October (the "CFO Effective Date"). In connection with Mr. Connaway's appointment, Sean Bagan, President, Chief Executive Officer, and Chief Financial Officer will no longer hold the corporate officer position of Chief Financial Officer as of the CFO Effective Date.

Mr. Connaway, age 44, joins Helios after serving at Aviat Networks, Inc. (NASDAQ: AVNW) since May 2024 as their Senior Vice President and Chief Financial Officer. Aviat Networks, Inc. is a provider of wireless transport and access solutions that works to provide dependable products, services and support to its customers with more than one million systems sold into 170 countries worldwide. Prior to joining Aviat, Mr. Connaway held various positions at Honeywell, an integrated operating company serving a broad range of industries and geographies and focusing on automation, future of aviation and energy transition products, services and solutions, and most recently served as Vice President and Chief Financial Officer of Honeywell's Energy & Sustainability Solutions segment from February 2024 to April 2024. He served in other Honeywell divisional CFO capacities leading finance in its Safety & Productivity Solutions segment from October 2022 to August 2023 and its Advanced Materials segment from December 2020 to September 2022. Mr. Connaway started his career with General Electric, beginning in its financial management program and corporate audit group, before progressing to finance leadership positions within its Healthcare business. Mr. Connaway also previously served as Chief Financial Officer of ABB's Industrial Solutions business, after it was acquired from GE Energy Connections. Mr. Connaway holds a Bachelor of Science degree in Finance from Boston College.

In connection with his appointment, Mr. Connaway will be entitled to an annual base salary of $530,000. In addition, under the Company's incentive plans, his short-term cash incentive ("STI") target will be 75% of his base salary and his long-term equity incentive ("LTI") target will be 150% of his base salary, with 50% of LTI expected to be allocated to time-based restricted stock units ("RSUs") and 50% of LTI expected to be allocated to performance-based equity. For 2025, Mr. Connaway's STI payout will be no less than 100% of his target STI award, pro-rated based on his date of hire. Additionally, the Company intends to grant Mr. Connaway an initial award of 6,500 RSUs that will generally vest ratably on each of the first two anniversaries of the grant date, and he will be entitled to a cash sign-on bonus amount of $150,000. The Company will also offer relocation assistance and reimbursement of expenses for Mr. Connaway as well as temporary housing assistance for a period of up to six months. Mr. Connaway will also be eligible to participate in the standard health, welfare and retirement benefit plans that are applicable to employees of the Company.

On August 28, 2025, the Board of Directors of the Company also announced that Jeremy Evans has been appointed to the corporate officer position of Senior Vice President, Chief Accounting Officer and Corporate Controller, effective September 1, 2025 (the "CAO Effective Date"), replacing Mr. Bagan who has held the additional responsibilities of principal accounting officer while serving as Chief Financial Officer.

Mr. Evans, age 49, joined the Company on January 24, 2024, and since that time has driven process improvement, streamlined financial reporting, and navigated complex accounting topics, all while maintaining timely and accurate financial records and a robust internal control environment. Prior to joining Helios, Mr. Evans accumulated 25 years of progressive operational and financial management leadership experience with Tech Data, now TD SYNNEX Corporation (NYSE: SNX). His final role with TD SYNNEX prior to joining Helios was Vice President, Accounting Transformation. He earned his Bachelor of Arts degree with a double major in Math and Spanish from Eckerd College, received a Master of Business Administration from the University of Sarasota, and received a Certified Public Accountant (CPA) license from the state of Florida.

In connection with his appointment, Mr. Evans will be entitled to an annual base salary of $275,000. In addition, under the Company's incentive plans, his STI target will be 50% of his base salary and his LTI target will be 65% of his base salary, with 50% of LTI expected to be allocated to time-based restricted stock units ("RSUs") and 50% of LTI expected to be allocated to performance-based equity.

In connection with Mr. Connaway's and Mr. Evans' appointment, each of Mr. Connaway and Mr. Evans will enter into the Company's standard form of Indemnification Agreement (previously filed as Exhibit 10.1 to the Company's Current Report on Form 8-K filed on April 23, 2020). In addition, each of Mr. Connaway and Mr. Evans will enter into the Company's standard forms of Executive Officer Continuity Agreement (previously filed as Exhibit 10.3 to the Company's Current Report on Form 8-K filed on June 18, 2019) and Executive Officer Severance Agreement (previously filed as Exhibit 10.2 to the Company's Current Report on Form 8-K filed on June 18, 2019), the terms of which have been previously disclosed.

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Further, Mr. Connaway and Mr. Evans will enter into certain restrictive covenants consistent with the Company's standard form that are contained in the Company's forms of equity award agreement.

There are no arrangements or understandings between Mr. Connaway and Mr. Evans and any other person pursuant to which they were appointed as officers of the Company. Mr. Connaway and Mr. Evans do not have any family relationships with any director or other executive officer of the Company, and there are no transactions in which Mr. Connaway or Mr. Evans have a material interest requiring disclosure under Item 404(a) of Regulation S-K.

A copy of the press release issued by the Company announcing the foregoing is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

## Item 9.01 Financial Statements and Exhibits.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Exhibits

99.1 [<u>Press release dated August 28, 2025</u>](hlio-ex99_1.htm)

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**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.

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| | | | |
|:---|:---|:---|:---|
|  |  |  | HELIOS TECHNOLOGIES, INC. |
| Date: | August 28, 2025 | By:  | /s/ Sean Bagan |
|  |  |  | **Sean Bagan<br>President, Chief Executive Officer, and Chief Financial Officer (Principal Executive Officer and Principal Financial and Accounting Officer)** |

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## Exhibit 99.1

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|:---|:---|
| **SARASOTA, FL, August 28, 2025** — <u>Helios Technologies, Inc.</u> (NYSE: HLIO) ("Helios" or the "Company"), a global leader in highly engineered motion control and electronic controls technology for diverse end markets, announced today that Michael Connaway will be joining the Company as Chief Financial Officer and Jeremy Evans, Helios' Corporate Controller, will be promoted to the expanded role of Chief Accounting Officer. Mr. Connaway will assume the role when he joins the Company in October with the specific date to be determined. Effective with the appointment of Mr. Connaway, Sean Bagan, President, Chief Executive Officer, and Chief Financial Officer will relinquish his role as CFO. Mr. Evans' expanded responsibilities will be effective September 1, 2025.<br>"As we focus on building a world-class leadership team, I am pleased to announce these executive leadership appointments, which underscore Helios' ability to attract top-tier talent while also recognizing the exceptional contributions of our existing team," said Sean Bagan, President, CEO, and CFO of Helios. "Michael brings more than two decades of financial and operational expertise, including public company CFO experience, which will be instrumental as we execute our long-term strategy. Jeremy has already made a significant impact since joining Helios in 2024, following a 25-year career at a Fortune 100 company based in Florida. His promotion reflects both his accomplishments and our confidence in his leadership. Together, they will strengthen our financial foundation and help drive sustainable growth and value creation for all stakeholders."<br>Since May 2024, Mr. Connaway has served as CFO for Aviat Networks, Inc. (NASDAQ: AVNW), a provider of wireless transport and access solutions. His career spans 23 years with leading global companies, having started out with General Electric ("GE"). He spent 16 years at GE with his final role as Head of Global Financial Planning & Analysis for its Industrial Solutions business, which was acquired by ABB in 2018. Mr. Connaway spent 16 months as the CFO for ABB's $2.6 billion Industrial Solutions business. After ABB, Mr. Connaway joined Honeywell where he spent over three years in divisional and segment CFO capacities, culminating as CFO of Honeywell's Energy & Sustainability Solutions segment, a $7 billion global technology, manufacturing, and services leader. Mr. Connaway holds a Bachelor of Science degree in Finance from Boston College. | **SARASOTA, FL, August 28, 2025** — <u>Helios Technologies, Inc.</u> (NYSE: HLIO) ("Helios" or the "Company"), a global leader in highly engineered motion control and electronic controls technology for diverse end markets, announced today that Michael Connaway will be joining the Company as Chief Financial Officer and Jeremy Evans, Helios' Corporate Controller, will be promoted to the expanded role of Chief Accounting Officer. Mr. Connaway will assume the role when he joins the Company in October with the specific date to be determined. Effective with the appointment of Mr. Connaway, Sean Bagan, President, Chief Executive Officer, and Chief Financial Officer will relinquish his role as CFO. Mr. Evans' expanded responsibilities will be effective September 1, 2025.<br>"As we focus on building a world-class leadership team, I am pleased to announce these executive leadership appointments, which underscore Helios' ability to attract top-tier talent while also recognizing the exceptional contributions of our existing team," said Sean Bagan, President, CEO, and CFO of Helios. "Michael brings more than two decades of financial and operational expertise, including public company CFO experience, which will be instrumental as we execute our long-term strategy. Jeremy has already made a significant impact since joining Helios in 2024, following a 25-year career at a Fortune 100 company based in Florida. His promotion reflects both his accomplishments and our confidence in his leadership. Together, they will strengthen our financial foundation and help drive sustainable growth and value creation for all stakeholders."<br>Since May 2024, Mr. Connaway has served as CFO for Aviat Networks, Inc. (NASDAQ: AVNW), a provider of wireless transport and access solutions. His career spans 23 years with leading global companies, having started out with General Electric ("GE"). He spent 16 years at GE with his final role as Head of Global Financial Planning & Analysis for its Industrial Solutions business, which was acquired by ABB in 2018. Mr. Connaway spent 16 months as the CFO for ABB's $2.6 billion Industrial Solutions business. After ABB, Mr. Connaway joined Honeywell where he spent over three years in divisional and segment CFO capacities, culminating as CFO of Honeywell's Energy & Sustainability Solutions segment, a $7 billion global technology, manufacturing, and services leader. Mr. Connaway holds a Bachelor of Science degree in Finance from Boston College. |
| "I'm excited to join Helios and collaborate with Sean, the leadership team, and the global team to provide strategic financial planning while improving operational productivity through process evaluation and automation that sets Helios apart from competitors. My goal is to draw from my past experiences at leading industrial technology companies to enhance Helios' strong market positions resulting in profitable sales growth through disciplined cost management and consistently adding value for our shareholders," commented Mr. Connaway.<br>| ![img252001787_1.jpg](img252001787_1.jpg) |

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| | |
|:---|:---|
|  | Exhibit 99.1 |
| ![img252001787_0.jpg](img252001787_0.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;**NEWS** <br>**RELEASE** |

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FOR IMMEDIATE RELEASE

**Helios Technologies Fortifies Finance and Accounting Leadership Team**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•*Michael Connaway to join as Chief Financial Officer in October 2025*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•*Jeremy Evans promoted to Chief Accounting Officer effective September 1, 2025*

Helios Technologies \| 7456 16<sup>th</sup> St East \| Sarasota, FL 34243 \| 941-362-1200

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| | |
|:---|:---|
| Mr. Evans joined the Company on January 24, 2024, and since that time has driven process improvement, streamlined financial reporting, and navigated complex accounting topics, all while maintaining timely and accurate financial records and a robust internal control environment. Prior to joining Helios, Mr. Evans accumulated 25 years of progressive operational and financial management leadership experience with Tech Data, now TD SYNNEX Corporation (NYSE: SNX) serving as Vice President, Accounting Transformation immediately prior to joining Helios. He earned his Bachelor of Arts degree with a double major in Math and Spanish from Eckerd College, received a Master of Business Administration from the University of Sarasota, and received a Certified Public Accountant (CPA) license from the state of Florida. | Mr. Evans joined the Company on January 24, 2024, and since that time has driven process improvement, streamlined financial reporting, and navigated complex accounting topics, all while maintaining timely and accurate financial records and a robust internal control environment. Prior to joining Helios, Mr. Evans accumulated 25 years of progressive operational and financial management leadership experience with Tech Data, now TD SYNNEX Corporation (NYSE: SNX) serving as Vice President, Accounting Transformation immediately prior to joining Helios. He earned his Bachelor of Arts degree with a double major in Math and Spanish from Eckerd College, received a Master of Business Administration from the University of Sarasota, and received a Certified Public Accountant (CPA) license from the state of Florida. |
| "I am extremely grateful for the opportunity to work alongside Sean, Michael and the other accomplished leaders within Helios to continue shaping the future of the Company. Since joining Helios, I've seen firsthand the capabilities that our teams have to develop innovative products and create solutions for our customers. Those capabilities, along with solid financial discipline, have positioned us well to drive profitable growth over the long-term. I am excited to be part of that growth and to lead an accounting organization filled with talented professionals," commented Mr. Evans.<br>| ![img252001787_2.jpg](img252001787_2.jpg) |

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***Helios Technologies Fortifies Finance and Accounting Leadership Team***

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|  ***August 28, 2025***<br>| ***Page 2 of 3*** |

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**About Helios Technologies**<br> Helios Technologies is a global leader in highly engineered motion control and electronic controls technology for diverse end markets, including construction, material handling, agriculture, energy, recreational vehicles, marine and health and wellness. Helios sells its products to customers in over 90 countries around the world. Its strategy for growth is to be the leading provider in niche markets, with premier products and solutions through innovative product development and acquisition. The Company has paid a cash dividend to its shareholders every quarter since becoming a public company in 1997. For more information please visit: www.heliostechnologies.com and follow us on LinkedIn.

**Forward Looking Information**

*Statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including those statements in the various quotations. Although the Company believes that its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, actual results may differ materially from the Company's expectations. Factors that could cause actual results to differ from expectations include the ability to successfully implement its strategy, including the Company's profit recovery and growth plan; successfully transition its leadership; and those other factors described in the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 28, 2024, and subsequent filings with the Securities and Exchange Commission. The Company assumes no responsibility to update forward-looking statements made herein or otherwise, and such statements are made on the basis of views and assumptions regarding future events as of the time such statements are made.*

Helios Technologies \| 7456 16<sup>th</sup> St East \| Sarasota, FL 34243 \| 941-362-1200

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***Helios Technologies Fortifies Finance and Accounting Leadership Team***

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|  ***August 28, 2025***<br>| ***Page 3 of 3*** |

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**Investor and Media contacts:**

Tania Almond<br>Vice President, Investor Relations and Corporate Communication <br>(941) 362-1333<br><u>tania.almond@HLIO.com</u>

Deborah Pawlowski<br>Alliance Advisors IR<br>(716) 843-3908<br><u>dpawlowski@allianceadvisors.com</u>

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Helios Technologies \| 7456 16<sup>th</sup> St East \| Sarasota, FL 34243 \| 941-362-1200

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