JELD-WEN reaches preliminary settlement of shareholder derivative litigation for $13.5M insurance payment

JELD-WEN Holding, Inc.

Court preliminarily approved $13.5M settlement from insurance proceeds; no admission of liability.
Final approval hearing scheduled for Dec 19, 2022; shareholder objections due Nov 28, 2022.
Company will receive net proceeds after court-awarded attorneys' fees and administrative costs for general corporate purposes.
Up to 25% of settlement fund ($3.375M) may be awarded to plaintiffs' counsel, paid from settlement fund.

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