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Traeger (COOK) investor relations material
Traeger Proxy Filing summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Special Meeting scheduled for March 2, 2026, to be held virtually for all stockholders.
Main agenda: approval of a reverse stock split of common stock at a ratio between 1-for-10 and 1-for-50, and potential adjournment to solicit more proxies if needed.
Reverse stock split aims to regain compliance with NYSE minimum bid price requirements and maintain listing.
Board retains discretion to implement or abandon the reverse split even if approved by stockholders.
No other business is expected at the meeting.
Voting matters and shareholder proposals
Proposal 1: Amend certificate of incorporation to effect a reverse stock split at a ratio determined by the Board within the approved range.
Proposal 2: Approve adjournment of the meeting if more time is needed to solicit votes for Proposal 1.
Both proposals require a majority of votes cast for approval; abstentions and broker non-votes have no effect.
Board unanimously recommends voting FOR both proposals.
Stockholders can submit proposals for the 2026 Annual Meeting by December 8, 2025, for inclusion in proxy materials.
Board of directors and corporate governance
Board has full discretion to select the reverse split ratio and to abandon the split even after stockholder approval.
Board considered market conditions, trading price, and NYSE compliance in recommending the split.
Board is not aware of any takeover attempts and does not intend the split as an anti-takeover measure.
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