This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250106056303\/en\/<\/a><\/p>\n (Photo: Business Wire)<\/p>\n<\/div>\n \n\u201cThe Board has unanimously determined that Sean Bagan is the right choice to lead Helios Technologies into the future. He has done a great job in his Interim President and Chief Executive Officer position in addition to his Chief Financial Officer role over the last six months. He has confidently guided the operations as well as focused on new ways to further develop the high performing talent we have within the organization. We believe his passion for the business, his strategic mindset, his business acumen, his integrity, as well as his straightforward and service leadership style are exactly what Helios needs moving forward. We are very optimistic about Helios’ opportunities in 2025 and beyond. We thank Sean and the leadership team for their commitment during this transition period,\u201d commented Philippe Lemaitre, Chairman of the Board.<\/p>\n \n\u201cHelios Technologies is an exceptional organization, and I am deeply honored to be selected to lead its talented global team. Our customer centric focus is centered on combining a collection of engineered products and services allowing us to deliver leading technology solutions. I believe the Company with its deep history of innovation, is uniquely positioned to deliver compounded growth that drives shareholder value creation over time. I thank the Board for their continued confidence and support in both my team and me,\u201d commented Sean Bagan, President, Chief Executive Officer and Chief Financial Officer.<\/p>\n About Sean Bagan<\/b><\/p>\n \nSean Bagan has served as Chief Financial Officer of Helios since August 9, 2023 as well as Interim President and Chief Executive Officer effective July 8, 2024. Before joining Helios, Mr. Bagan spent 23 years at Polaris Inc., a global leader in powersports and off-road innovation. With extensive financial management leadership experience, Mr. Bagan brings more than 20 years of international business, strategic financial operations, and leadership experience. His responsibilities scaled with Polaris over the decades in operational finance, international sales, product segments, acquisitions and corporate finance and treasury. In addition to financial management positions, his roles included general management and operational oversight for U.S. and global businesses. He earned his B.A. double major in Accounting and Management from St. John\u2019s University in Minnesota and began his career with Arthur Andersen, LLP. Mr. Bagan also holds a General Management Certificate from Cambridge University’s Judge Business School in England, along with a Certified Public Accountant (Inactive) Certificate from the state of Minnesota.<\/p>\n About Helios Technologies<\/b><\/p>\n \nHelios 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<\/a> and follow us on LinkedIn<\/a>.<\/p>\n FORWARD-LOOKING INFORMATION<\/b><\/p>\n This news release contains \u201cforward\u2010looking statements\u201d within the meaning of Section 21E of the Securities Exchange Act of 1934. Forward\u2010looking statements involve risks and uncertainties, and actual results may differ materially from those expressed or implied by such statements. They include statements regarding current expectations, estimates, forecasts, projections, our beliefs, and assumptions made by Helios Technologies, Inc. (\u201cHelios\u201d or the \u201cCompany\u201d), its directors or its officers about the Company and the industry in which it operates, and assumptions made by management, and include among other items, (i) the Company\u2019s strategies regarding growth and improved earnings power, including its intention to develop new products and make acquisitions; (ii) trends affecting the Company\u2019s financial condition or results of operations; (iii) the Company\u2019s ability to deliver predictable performance and margin expansion; (iv) the Company\u2019s ability to leverage improvement in market conditions and expand market reach; and (v) the Company\u2019s ability to embrace change and respond to changes in customer demand domestically and internationally, including as a result of the cyclical nature of our business and the standardization. In addition, we may make other written or oral statements, which constitute forward-looking statements, from time to time. Words such as \u201cmay,\u201d \u201cexpects,\u201d \u201cprojects,\u201d \u201canticipates,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cbelieves,\u201d \u201cseeks,\u201d \u201cestimates,\u201d variations of such words, and similar expressions are intended to identify such forward-looking statements. Similarly, statements that describe our future plans, objectives or goals also are forward-looking statements. These statements are not guaranteeing future performance and are subject to a number of risks and uncertainties. Our actual results may differ materially from what is expressed or forecasted in such forward-looking statements, and undue reliance should not be placed on such statements. All forward-looking statements are made as of the date hereof, and we undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.<\/i><\/p>\n Factors that could cause the actual results to differ materially from what is expressed or forecasted in such forward\u2010looking statements include, but are not limited to, (i) the Company\u2019s ability to respond to global economic trends and changes in customer demand domestically and internationally, including as a result of standardization and the cyclical nature of our business, which can adversely affect the demand for capital goods; (ii) supply chain disruption and the potential inability to procure goods; (iii) conditions in the capital markets, including the interest rate environment and the availability of capital on terms acceptable to us, or at all; (iv) global and regional economic and political conditions, including inflation (or hyperinflation) exchange rates, changes in the cost or availability of energy, transportation, the availability of other necessary supplies and services and recession; (v) changes in the competitive marketplace that could affect the Company\u2019s revenue and\/or cost bases, such as increased competition, lack of qualified engineering, marketing, management or other personnel, and increased labor and raw materials costs; (vi) risks related to health epidemics, pandemics and similar outbreaks, which may among other things, adversely affect our supply chain, material costs, and work force and may have material adverse effects on our business, financial position, results of operations and\/or cash flows; (vii) risks related to our international operations, including the potential impact of the ongoing conflict in Ukraine and the Middle East; (viii) new product introductions, product sales mix and the geographic mix of sales nationally and internationally; and (ix) stakeholders, including regulators, views regarding our environmental, social and governance goals and initiatives, and the impact of factors outside of our control on such goals and initiatives. Further information relating to additional factors that could cause actual results to differ from those anticipated is included but not limited to information under the heading Item 1. \u201cBusiness\u201d and Item 1A. \u201cRisk Factors\u201d in the Company\u2019s Form 10-K for the year ended December 30, 2023 filed with the Securities and Exchange Commission (SEC) on February 27, 2024 as well as any subsequent filings with the SEC.<\/i><\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250106056303\/en\/<\/a><\/span><\/p>\n Investor and Media contacts: KEYWORDS:<\/b> Florida United States North America<\/p>\n INDUSTRY KEYWORDS:<\/b> Other Manufacturing Technology Automotive General Automotive Engineering Automotive Manufacturing Manufacturing Other Automotive Electronic Design Automation<\/p>\n![\"(Photo:](\"https:\/\/mms.businesswire.com\/media\/20250106056303\/en\/2345013\/4\/HLIO_Sean_Bagan_2025.jpg\")
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Tania Almond
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Vice President, Investor Relations and Corporate Communication
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(941) 362-1333
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tania.almond@HLIO.com
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<\/span>Deborah Pawlowski
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Alliance Advisors IR
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(716) 843-3908
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dpawlowski@allianceadvisors.com<\/a><\/p>\n
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