Traeger, Inc. Files 8-K for Other Events

TL;DR

Traeger filed an 8-K for 'Other Events' - details TBD.

AI Summary

On December 6, 2024, Traeger, Inc. filed an 8-K report. The filing indicates an "Other Events" item, suggesting a significant development not covered by other standard 8-K categories. Specific details regarding the nature of this event, any associated financial implications, or parties involved are not provided in the excerpt.

Why It Matters

This filing signals a material event for Traeger, Inc. that requires public disclosure, potentially impacting investor understanding of the company's current situation.

Risk Assessment

Risk Level: medium — The filing indicates a material event, but the lack of specific details in the provided text creates uncertainty about the nature and impact of the event.

Key Players & Entities

• Traeger, Inc. (company) — Registrant
• December 6, 2024 (date) — Date of earliest event reported
• 001-40694 (other) — Commission File Number
• 82-2739741 (other) — I.R.S. Employer Identification No.
• 533 South 400 West, Salt Lake City, Utah 84101 (location) — Address of principal executive offices

FAQ

Key Financial Figures

• $0.0001 — ge on which registered Common Stock, $0.0001 par value per share COOK The New York S
• $390,000 — on behalf of all Defendants, a total of $390,000 in attorneys' fees and expenses (the "M

Filing Documents

• tra-20241206.htm (8-K) — 33KB
• 0001857853-24-000121.txt ( ) — 160KB
• tra-20241206.xsd (EX-101.SCH) — 2KB
• tra-20241206_lab.xml (EX-101.LAB) — 23KB
• tra-20241206_pre.xml (EX-101.PRE) — 13KB
• tra-20241206_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events. As previously disclosed, on July 28, 2021, Traeger, Inc. ("Traeger" or the "Company") entered into a Stockholders Agreement (the "Original Stockholders Agreement") with AEA Investors Fund VI LP, AEA TGP Holdco LP, 2594868 Ontario Limited, and TCP Traeger Holdings SPV LLC (the "Investor Stockholders"). On January 23, 2024, Bruce Taylor ("Plaintiff") filed a putative class action complaint in the Delaware Court of Chancery, styled Bruce Taylor v. Raul Alvarez, et al., C.A. No. 2024-0058-JTL (Del. Ch.) (the "Action"). The Complaint sought declaratory and injunctive relief, challenging certain provisions of the Stockholders Agreement that required the prior consent of the Investor Stockholders for appointing or terminating the Company's Chief Executive Officer (the "CEO Consent Provision"). In response to the Action, on April 30, 2024, Traeger's Board of Directors unanimously approved an amendment to the Stockholders Agreement (the "Amendment"). This Amendment expressly permits the Company to appoint or terminate the Chief Executive Officer without prior consent of the Investor Stockholders if the Board determines that such action is necessary to comply with its fiduciary duties under Delaware law (the "Revised CEO Authority"). On May 8, 2024, the Court granted a Voluntary Dismissal Order dismissing the Action as moot and retaining jurisdiction solely to adjudicate Plaintiff's counsel's anticipated application for attorneys' fees and expenses (the "Voluntary Dismissal Order"). The Court's dismissal was entered without any finding of wrongdoing by the Company, its directors, or any other parties. Following the entry of the Voluntary Dismissal Order, the parties engaged in arm's-length negotiations. As a result, Traeger and/or its insurer(s) have agreed to pay Plaintiff's counsel, on behalf of all Defendants, a total of $390,000 in attorneys' fees and expenses (the "Mootness Fee"). This payment fully satisfies any claims by Plaintiff or P

SIGNATURES

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 hereunto duly authorized. Traeger, Inc. Date: December 12, 2024 By: /s/ Dominic Blosil Dominic Blosil Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR