UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 11-K
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(Mark One)
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ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
FOR THE FISCAL YEAR ENDED December 31, 2025
OR
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TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 |
Commission File Number: 001-40935
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A. |
Full title of the plan and the address of the plan, if different from that of the issuer named below: |
HELIOS TECHNOLOGIES, INC. 401(K) RETIREMENT PLAN
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B. |
Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: |
HELIOS TECHNOLOGIES, INC.
7456 16th St E
SARASOTA, FLORIDA 34243
HELIOS TECHNOLOGIES, INC. 401(K) RETIREMENT PLAN
FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULES
AND REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
DECEMBER 31, 2025 AND 2024
CONTENTS
All other schedules are omitted as they are not applicable or not required based on disclosure requirements of the Employee Retirement Income Security Act of 1974 and regulations issued by the Department of Labor.
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
Plan Administrator and Plan Participants
Helios Technologies, Inc. 401(k) Retirement Plan
Opinion on the financial statements
We have audited the accompanying statements of net assets available for benefits of Helios Technologies, Inc. 401(k) Retirement Plan (the “Plan”) as of December 31, 2025 and 2024, the related statement of changes in net assets available for benefits for the year ended December 31, 2025, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2025 and 2024, and the changes in net assets available for benefits for the year ended December 31, 2025 in conformity with accounting principles generally accepted in the United States of America.
Basis for opinion
These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
Supplemental information
The supplemental schedules of delinquent participant contributions for the year ended December 31, 2025 and assets (held at end of year) as of December 31, 2025 (“supplemental information”) has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental information is the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole.
GRANT THORNTON LLP (signed manually)
We have served as the Plan’s auditor since 2016.
Boston, Massachusetts
June 23, 2026
HELIOS TECHNOLOGIES, INC. 401(K) RETIREMENT PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
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December 31, |
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2025 |
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2024 |
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Assets |
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Noninterest-bearing cash |
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$ |
177 |
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$ |
2,399 |
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Investments, at fair value |
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178,234,529 |
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155,786,427 |
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Receivables: |
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Employer contribution |
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264,864 |
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1,066,821 |
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Participant contribution |
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236,484 |
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— |
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Notes receivable from participants including interest |
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2,704,762 |
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2,564,440 |
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Total receivables |
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3,206,110 |
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3,631,261 |
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Net assets available for benefits |
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$ |
181,440,816 |
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$ |
159,420,087 |
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The accompanying Notes to the Financial Statements are an integral part of these financial statements.
HELIOS TECHNOLOGIES, INC. 401(K) RETIREMENT PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEAR ENDED DECEMBER 31, 2025
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Additions: |
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Investment income: |
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Net appreciation in fair value of investments |
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$ |
19,064,183 |
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Interest and dividends |
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5,737,273 |
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Net investment income |
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24,801,456 |
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Contributions: |
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Employer |
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4,760,190 |
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Participant |
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7,380,953 |
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Rollovers |
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2,231,830 |
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Total contributions |
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14,372,973 |
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Interest income on notes receivable from participants |
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238,043 |
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Total additions |
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39,412,472 |
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Deductions: |
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Benefits paid to participants |
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17,126,985 |
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Administrative expenses |
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264,758 |
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Total deductions |
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17,391,743 |
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Net increase in net assets available for benefits |
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22,020,729 |
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Total net increase in net assets available for benefits |
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22,020,729 |
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Net assets available for benefits |
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Beginning of the year |
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159,420,087 |
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End of the year |
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$ |
181,440,816 |
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The accompanying Notes to the Financial Statements are an integral part of these financial statements.
HELIOS TECHNOLOGIES, INC. 401(K) RETIREMENT PLAN
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 2025 AND 2024
1. Description of Plan
The following description of the Helios Technologies, Inc. 401(k) Retirement Plan (the “Plan”) provides only general information. Participants should refer to the Plan agreement, as amended and restated, for a more complete description of the Plan’s provisions.
General
The Plan became effective on January 1, 1979. The Plan is a defined contribution 401(k) plan covering certain employees of its sponsor, Helios Technologies, Inc. (the “Corporation,” “Helios”, "Company" or “Employer”) and certain wholly owned subsidiaries including Enovation Controls, LLC (“Enovation”), Helios Center for Engineering Excellence, LLC (“HCEE”), and Helios Hydraulics Americas, LLC (“HHAM”). Employees are eligible to participate in the Plan effective on the first day of the calendar month coinciding with or following their hire date and are automatically enrolled in the Plan 30 days after their participation date. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (ERISA).
The Plan is administered by the Helios Technologies Employee Benefits Committee (the “Committee”) except in connection with the acquisition, retention or disposition of Corporation stock held by the Plan, with respect to which the Corporation's Board of Directors retains authority. The Committee is composed of five employees of the Corporation who are delegated administrative responsibility by the Corporation’s Board of Directors. Charles Schwab Trust Bank (the “Trustee”) is the current trustee for the Plan. Schwab Retirement Plan Services, Inc. provides the recordkeeping, accounting, and the telephone and internet exchange features of the Plan. Morgan Stanley’s Graystone Consulting serves as the Plan’s ERISA 3(21) investment advisor, providing non-discretionary investment guidance and fiduciary support to the Committee.
The sponsor company common stock fund is a share-based stock fund. At December 31, 2025, the fund held 127,978 shares of Helios Technologies, Inc. common stock (“Company Common Stock”) with a price of $53.49 per share as of such date. At December 31, 2024, the fund held 146,915 shares of Helios Technologies, Inc. common stock with a price of $44.64 per share as of such date.
Plan Amendments
Effective January 1, 2024, the employees of Sun and Faster were transferred to HHAM and Sun and Faster were removed as adopting employers of the Plan.
Effective January 1, 2024, pre-tax contributions, of up to 6% of HCEE, HHAM and Helios employee’s salary are matched by the Corporation at 100%. Prior to January 1, 2024, pre-tax contributions, of up to 6% of HCEE, HHAM and Helios employee’s salary (depending on length of service), were matched by the Corporation. Matching contributions were based on the years of service as listed in the following schedule:
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Plan administrator has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
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Helios Technologies, Inc. 401(k) Retirement Plan |
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June 23, 2026 |
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By: |
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/s/ Jeremy Evans |
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Jeremy Evans |
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Executive Vice President, Chief Financial Officer |
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(Principal Financial and Accounting Officer) |