Helios extends severance for executive officer

Helios Technologies updated its severance protections for executive officer Sean Bagan.

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Form Type

8-K

Rhea-AI Filing Summary

Helios Technologies updated its severance protections for executive officer Sean Bagan. On February 23, 2026, the board’s Compensation Committee approved an Amended and Restated Executive Officer Severance Agreement that changes what he receives if his employment ends involuntarily.

The key revision doubles the continuation of Mr. Bagan’s base salary from 12 months to 24 months in an involuntary termination scenario. The full Amended Severance Agreement, which is an executive management compensatory arrangement, will be filed as Exhibit 10.4 and incorporated by reference.

8-K Event Classification

2 items: 5.02, 9.01

2 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What executive compensation change did Helios Technologies (HLIO) disclose?

Helios Technologies disclosed an amended severance agreement for executive officer Sean Bagan. The change primarily affects his pay if he is involuntarily terminated, increasing how long his base salary would continue following such a termination event.

How did Helios Technologies (HLIO) change Sean Bagan’s severance protection?

The company doubled the continuation period of Sean Bagan’s base salary upon involuntary termination from 12 months to 24 months. This modification is contained in an Amended and Restated Executive Officer Severance Agreement approved by the board’s Compensation Committee.

When did Helios Technologies (HLIO) approve the amended severance agreement?

The Compensation Committee approved the Amended and Restated Executive Officer Severance Agreement with Sean Bagan on February 23, 2026. This approval formally updates his prior agreement originally entered into on December 31, 2024, between Helios Technologies and Mr. Bagan.

Who is covered by the new Amended Severance Agreement at Helios Technologies (HLIO)?

The Amended and Restated Executive Officer Severance Agreement specifically covers executive officer Sean Bagan. It restates and modifies his earlier executive officer severance agreement, focusing on the compensation he would receive if his employment is terminated involuntarily by the company.

Where can investors find the full severance agreement for Helios Technologies (HLIO)?

The full Amended and Restated Executive Officer Severance Agreement with Sean Bagan will be filed as Exhibit 10.4. It is incorporated by reference and will provide complete terms beyond the high-level summary disclosed in the current report.

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Accepted by SEC EDGAR 02/26/2026 - 01:53 PM EST

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): February 26, 2026

    

HELIOS TECHNOLOGIES, INC.

(Exact name of Registrant as Specified in Its Charter)


Florida	001-40935	59-2754337
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

7456 16th St E
Sarasota, Florida		34243
(Address of Principal Executive Offices)		(Zip Code)

     Registrant’s Telephone Number, Including Area Code: 941 362-1200

    

(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:

☐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:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock $.001 Par Value	HLIO	New York Stock Exchange

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.

Amended and Restated Executive Officer Severance Agreement with Sean Bagan

On February 23, 2026, the Compensation Committee of the Board of Directors of the Company approved the Amended and Restated Executive Officer Severance Agreement with Sean Bagan (the “Amended Severance Agreement”). The Amended Severance Agreement amends and restates the Executive Officer Severance Agreement made and entered into as of December 31, 2024, by and between the Company and Mr. Bagan. The Amended Severance Agreement modifies the compensation Mr. Bagan is entitled to upon Involuntary Termination of Employment as follows:

•

Increases the continuation of Mr. Bagan’s base salary to 24 months from 12 months.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

10.4+ A copy of the Amended Severance Agreement will be filed as Exhibit 10.4 hereto and is incorporated herein by reference. The foregoing description is qualified in its entirety by reference to the full text of the Amended Severance Agreement.

+ Executive management contract or compensatory plan or arrangement.

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:	February 26, 2026	By:	/s/ Jeremy Evans
			Jeremy Evans Chief Financial Officer (Principal Financial and Accounting Officer)

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

2 documents