Deals between HSIC and its directors, executives, owners of more than 5% or their families: a relative on the payroll,
a plane the company charters from its CEO, a director's company that buys from it. SEC rules (Item 404) make the company list every such deal over $120,000 in its proxy statement.
Below: what the proxy filed 2026-04-08 reports that the one filed 2025-04-09 did not, quoted as filed.
New this year
Paragraphs about a deal, a person or a relative with nothing like them in the proxy filed 2025-04-09.
Nothing new: every deal in this year's section was reported last year too.
The whole section 3 paragraphs, proxy filed 2026-04-08
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
“The Company maintains a formal, written conflict of interest policy that applies to all employees. Additionally, on an ongoing basis, the Audit Committee is required by its charter to review all “related party transactions” (those transactions that are required to be disclosed in this proxy statement by SEC Regulation S-K, Item 404 and under Nasdaq’s rules), if any, for potential conflicts of interest and all such transactions must be approved or ratified by the Audit Committee.”
Read it in the proxy ↗
Familial Relationships
“Brad Connett (who was an executive officer until April 1, 2025) has one family member and James Breslawski (who was an executive officer until April 1, 2025) has two family members who are non-executive employees of the Company or its subsidiaries and where such employee’s aggregate compensation for fiscal 2025 was in excess of $120,000 (the relevant disclosure threshold under Item 404(a) of the Regulation S-K). The compensation paid to each such family member is comparable to other Company employees at a similar level. The Audit Committee reviewed, approved and ratified those related-party transactions for fiscal 2025, including the total compensation paid to such individuals in fiscal 2025.”
Read it in the proxy ↗
KKR Strategic Partnership Agreement
“On January 29, 2025, the Company entered into the Strategic Partnership Agreement with KKR Hawaii Aggregator L.P., an affiliate of KKR, which became a greater than 5% shareholder in March 2025. The Audit Committee reviewed, approved and ratified the related-party transactions contemplated by the Strategic Partnership Agreement.”
Read it in the proxy ↗
Paragraphs are compared by their words, not read by AI: one counts as new when no paragraph last year shares half of its words, or when it names a person or company last year's section did not.
A deal reported again with a new amount is not new. Always check the filing.
Open the proxy ↗ · Last year's proxy ↗
