HELIOS TECHNOLOGIES, INC. 8-K

What Happened
HELIOS TECHNOLOGIES, INC. (HLIO) announced on its Form 8-K that the Compensation Committee approved an Amended and Restated Executive Officer Severance Agreement with executive Sean Bagan on February 23, 2026. The amendment replaces the prior agreement dated December 31, 2024, and increases the period of base salary continuation payable upon an involuntary termination of employment.

Key Details

• The amendment was approved by the Compensation Committee on February 23, 2026 and reported on Form 8-K filed February 26, 2026.
• Base salary continuation on involuntary termination was increased from 12 months to 24 months.
• The Amended Severance Agreement restates the December 31, 2024 agreement and will be filed as Exhibit 10.4 to the Form 8-K.
• The filing was signed by Jeremy Evans, Chief Financial Officer of HELIOS TECHNOLOGIES.

Why It Matters
For investors, this change increases the company’s potential cash obligation if Mr. Bagan experiences an involuntary termination — effectively doubling the guaranteed salary continuation period. While the filing does not disclose the dollar amounts or other changes to compensation, extended severance terms can affect future cash flow and executive compensation expense and are material governance information for shareholders.