YETI appoints two new directors, enters cooperation agreement with Engaged Capital

YETI Holdings, Inc.

Appoints J. Magnus Welander and Arne Arens to Board effective March 24, 2025; Board expands to 10 members.
Enters cooperation agreement with Engaged Capital: standstill at 9.9% ownership, Engaged withdraws Feb. 4 nomination notice.
Engaged Capital to vote in line with Board recommendations on director elections and most matters.
Arens and Welander each to serve on Audit, Compensation or Nominating Committee by May 1, 2025.
Agreement includes mutual non-disparagement and no-lawsuit clauses; terminates before 2026 annual meeting deadline.

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