Mohawk settles derivative suits; court preliminarily approves $5M fee, governance reforms

MOHAWK INDUSTRIES INC

Settlement resolves four derivative actions with corporate governance reforms and $5M attorneys' fees.
Court granted preliminary approval on April 3, 2025; final hearing set for June 30, 2025.
Company's insurance carrier will fund the entire $5M monetary portion of the settlement.
Shareholder objections to the settlement must be filed by June 16, 2025.

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