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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): October 10, 2024

 

 

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 8.01 Other Events.

On October 10, 2024, the Registrant issued a press release to provide an update related to Hurricane Milton. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

 

99.1    Press release dated October 10, 2024
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: October 10, 2024     By:  

/s/ Sean Bagan

     

Sean Bagan

Interim President, Chief Executive Officer, and

Chief Financial Officer (Principal Executive Officer

and Principal Financial and Accounting Officer)

Exhibit 99.1

 

LOGO    NEWS RELEASE

 

FOR IMMEDIATE RELEASE

Helios Technologies Provides Update on Status from Hurricane Milton

SARASOTA, FL, October 10, 2024— Helios Technologies, Inc. (NYSE: HLIO) (“Helios” or the “Company”), a global leader in highly engineered motion control and electronic controls technology, today provided a preliminary update on its status from Hurricane Milton.

“Our immediate concern is for the safety and well-being of our colleagues, their families, and the residents of the communities throughout the region affected by this devastating storm,” said Sean Bagan, Interim President, Chief Executive Officer, and Chief Financial Officer of Helios. “Sarasota, which was directly hit by the hurricane, is home to our worldwide corporate headquarters and our operating company Sun Hydraulics, a material part of our Hydraulics segment. The extent of the damage and disruption are being assessed at our Florida facilities and we are working to fully determine the physical impact of the storm on our manufacturing operations. We have engaged with our insurance partners to minimize the financial impact from any physical losses we have sustained. Our objective is to have our affected locations up and running again as quickly as possible.”

Once it has completed its assessment and as more information is available, the Company plans to provide further updates and its estimates of the effects of Hurricane Milton on its financial results and operations.

About Helios Technologies

Helios Technologies is a global leader in highly engineered motion control and electronic controls technology for diverse end markets, including construction, material handling, agriculture, energy, recreational vehicles, marine and health and wellness. Helios sells its products to customers in over 90 countries around the world. Its strategy for growth is to be the leading provider in niche markets, with premier products and solutions through innovative product development and acquisition. The Company has paid a cash dividend to its shareholders every quarter since becoming a public company in 1997. For more information please visit: www.heliostechnologies.com and follow us on LinkedIn.

Investor and Media contacts:

Tania Almond

Vice President, Investor Relations and Corporate Communication

(941) 362-1333

tania.almond@HLIO.com

Deborah Pawlowski

Kei Advisors LLC

(716) 843-3908

dpawlowski@keiadvisors.com

- ### -

 

Helios Technologies | 7456 16th St E | Sarasota, FL 34243 | 941-362-1200

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