Floor & Decor settles derivative suit for $8M net payment to company plus governance reforms

Floor & Decor Holdings, Inc.

Company reached settlement in derivative litigation alleging insider trading; receives $8M net of plaintiffs' fees.
Settlement includes adoption of corporate governance measures; defendants deny any wrongdoing.
Court hearing on settlement set for December 13, 2024; if approved, lawsuit dismissed with prejudice.
Plaintiffs' counsel fee application not to exceed $2.1M, not opposed by defendants.

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