Heico Corporation filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
$HEI.A
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event Reported): April 18, 2025
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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 April 18, 2025, the Board of Directors (the “Board”) of HEICO Corporation (“HEICO” or the “Company”) approved leadership transitions that were publicly announced by the Company on April 21, 2025. Effective May 1, 2025, Laurans A. Mendelson, the Company’s Chairman and Chief Executive Officer (principal executive officer), will assume the role of Executive Chairman of the Board. Mr. Mendelson has served as Chief Executive Officer since 1990. He holds A.B. and M.B.A. degrees from Columbia University and has been widely recognized for his leadership in the aerospace industry.
In connection with this transition, the Company appointed Eric A. Mendelson and Victor H. Mendelson to serve as Co-Chief Executive Officers (co-principal executive officers), also effective May 1, 2025. Both have served as Co-Presidents of HEICO since 2009. Eric is also President and Chief Executive Officer of the Company’s Flight Support Group, which he founded in 1993. He has been a Director since 1992 and holds A.B. and M.B.A. degrees from Columbia University. Victor serves as President and Chief Executive Officer of the Company’s Electronic Technologies Group, which he founded in 1996. He has been a Director since 1996, previously served as General Counsel, and holds an A.B. from Columbia University and a J.D. from the University of Miami School of Law.
These leadership transitions are part of the Company’s long-standing internal succession planning process. There are no changes to the compensation arrangements of the named executives in connection with these appointments, and their compensation will continue as previously disclosed in the Company’s definitive proxy statement on Schedule 14A, filed with the Securities and Exchange Commission on January 31, 2025 (the "Proxy Statement"). For information regarding the biographical, family relationship, compensation and related party transactions relating to Laurans A. Mendelson, Eric A. Mendelson and Victor H. Mendelson, please see the Proxy Statement sections titled "Business Experience of Nominees," "Executive Compensation," and "Certain Relationships and Related Transactions", which sections are incorporated herein by reference.
A copy of the Company’s press release announcing these changes in management is attached as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit | Description | |||||||
| 99.1 | ||||||||
| 104 | Cover Page Interactive Data File (embedded within the inline XBRL document) | |||||||
SIGNATURE
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 hereunto duly authorized.
| HEICO CORPORATION | |||||||||||
| Date: | April 22, 2025 | By: | /s/ CARLOS L. MACAU, JR. | ||||||||
| Carlos L. Macau, Jr. Executive Vice President - Chief Financial Officer and Treasurer | |||||||||||