Traeger (COOK) investor relations material

Executive summary

• The annual meeting will be held virtually on June 9, 2026, with shareholders able to vote online, by phone, or by mail.

• In 2025, revenue exceeded guidance and actions were taken to navigate tariffs, protect profitability, and simplify operations.

• Strategic priorities include focusing on high-return opportunities, product innovation, and brand investment for long-term growth.

• The board underwent a comprehensive evaluation to enhance effectiveness and director education.

Voting matters and shareholder proposals

• Shareholders will vote to elect two Class II directors (Martin Eltrich and Steven Richman) for terms expiring in 2029.

• Ratification of Ernst & Young LLP as the independent registered public accounting firm for 2026 is on the agenda.

• Shareholders may submit proposals for the 2027 meeting by December 28, 2026, following bylaw requirements.

Board of directors and corporate governance

• The board consists of eight members, with staggered three-year terms across three classes.

• Seven of eight directors are independent under NYSE rules; the CEO is not independent.

• The board has Audit, Compensation, and Nominating & Corporate Governance Committees, all composed of independent directors.

• Stockholders agreements grant major investors the right to designate board members based on ownership thresholds.

• The company qualifies as a "controlled company" under NYSE rules but maintains majority independent board and committees.