Helios Technologies Inc. filed SEC Form 8-K: Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): |
(Exact name of Registrant as Specified in Its Charter)
(State or Other Jurisdiction |
(Commission File Number) |
(IRS Employer |
||
|
|
|
|
|
|
||||
|
||||
(Address of Principal Executive Offices) |
|
(Zip Code) |
||
Registrant’s Telephone Number, Including Area Code: |
|
(Former Name or Former Address, if Changed Since Last Report)
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:
Securities registered pursuant to Section 12(b) of the Act:
|
|
Trading |
|
|
|
|
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. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 31, 2025, Lee Wichlacz, the President of Electronics, was separated from the Company. The Company has further announced that Billy Aldridge has been named Senior Vice President, Managing Director, Electronics. Pursuant to the December 7, 2022 Executive Officer Severance Agreement (the “Severance Agreement”) between the Company and Mr. Wichlacz, Mr. Wichlacz is entitled to receive continuation of his annual base salary of $300,000.00 for twelve months, a payment of $180,000.00 which represents the target value at the time of grant of his current year short-term compensation award, and continuing medical, dental, life, disability and hospitalization benefits, at Company expense, for Mr. Wichlacz and his family for a period of twelve months. Pursuant to the Severance Agreement, Mr. Wichlacz will be required to sign a general release with the Company (the “Separation Agreement”), which requires compliance with the restrictive covenants set forth in the Severance Agreement for a period of twelve months following termination. The foregoing description of the Severance Agreement is not complete and is qualified in its entirety by reference to the form of severance agreement, which was previously filed as exhibit 10.10 to the Company’s Annual Report on Form 10-K filed on February 25, 2025.
Item 7.01 Regulation FD.
On March 31, 2025, the Company issued a press release announcing the promotion of Billy Aldridge to Senior Vice President, Managing Director, Electronics 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.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Press release dated March 31, 2025
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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: |
March 31, 2025 |
By: |
/s/ Sean Bagan |
|
|
|
Sean Bagan |