Helios Technologies, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Helios Technologies, Inc. (NYSE: HLIO) on August 28, 2025. The filing discloses significant changes to the company's executive leadership team, specifically the appointment of a new Chief Financial Officer and Chief Accounting Officer.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on executive compensation and appointment details.
Material Changes
- Appointment of CFO: Michael Connaway has been appointed Executive Vice President and Chief Financial Officer, effective within 60 days (October 2025).
- Departure of CFO Role: Sean Bagan, currently President and CEO, will relinquish the Chief Financial Officer title upon Connaway's start date.
- Appointment of CAO: Jeremy Evans has been appointed Senior Vice President, Chief Accounting Officer, and Corporate Controller, effective September 1, 2025, replacing Mr. Bagan in this capacity.
Management Commentary and Compensation Details
The Board of Directors highlighted the new appointees' extensive experience in financial leadership and operational management.
- Michael Connaway (New CFO):
- Annual Base Salary: $530,000.
- Short-Term Incentive (STI): Target of 75% of base salary; guaranteed minimum of 100% of target for 2025 (pro-rated).
- Long-Term Incentive (LTI): Target of 150% of base salary (50% RSUs, 50% performance-based).
- Sign-on Bonus: $150,000 cash.
- Equity Grant: Initial award of 6,500 RSUs vesting over two years.
- Benefits: Relocation assistance, expense reimbursement, and temporary housing for up to six months.
- Jeremy Evans (New CAO):
- Annual Base Salary: $275,000.
- Short-Term Incentive (STI): Target of 50% of base salary.
- Long-Term Incentive (LTI): Target of 65% of base salary (50% RSUs, 50% performance-based).
Both executives will enter into standard Indemnification, Continuity, and Severance Agreements previously disclosed by the company.
Investor Verification Checklist
- Verify the exact effective date of Michael Connaway's CFO role within the October 2025 window.
- Confirm the transition timeline for Sean Bagan's handover of financial responsibilities.
- Review the specific performance metrics tied to the 50% performance-based equity portion of the LTI awards.
- Check for any subsequent filings regarding the vesting schedule of the 6,500 RSUs granted to Mr. Connaway.