{"schema_version":"secwatch.filing_event.v1","accession":"0001857853-23-000087","form_type":"8-K/A","ticker":"COOK","cik":"0001857853","company_name":"Traeger, Inc.","filed_at":"2023-08-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.835676+00:00","generated_at":"2026-06-12T02:54:21.132941+00:00","sec_items":["4.02","2.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Traeger restates Q1 2023 financials; material weakness in controls; Q2 FY2023 net loss $30.2M","bullets":["Audit committee concludes Q1 2023 financials should no longer be relied upon; restatement due to incorrect derivative accounting under ASC 815.","Material weakness identified in internal controls over financial reporting related to complex derivatives; remediation to be detailed in 10-Q/A.","Corrected Q2 FY2023: revenue $171.5M (down 14.4% YoY), net loss $30.2M ($0.25 loss per share), adjusted EBITDA $21.5M (up from $17.0M).","FY2023 revenue and adjusted EBITDA guidance reiterated; corrections are non-cash with no impact on revenues or adjusted EBITDA.","G&A expenses surged to $52.4M due to $32.1M equity-based compensation from CEO and IPO performance-based RSU cancellation."],"urls":{"canonical":"https://secwatch.observer/filing/0001857853-23-000087","json":"https://secwatch.observer/filing/0001857853-23-000087.json","markdown":"https://secwatch.observer/filing/0001857853-23-000087.md","text":"https://secwatch.observer/filing/0001857853-23-000087.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1857853/000185785323000087/0001857853-23-000087-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1857853/000185785323000087/tra-20230802.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T02:54:21.132941+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"67f3ac131efe601f1ccc688bc7d50f58fe821a25","claim":"Traeger, Inc. reported second quarter ended June 30, 2023 results: revenue $171.5 million, net income $30.2 million, EPS $0.25 per diluted share. Guidance reaffirmed.","evidence_excerpt":"in net loss to $41.1 million for the six months ended June 30, 2023. The corrected press release reads: Second Quarter FY 2 3 Results • Total revenues decreased 14.4% to $171.5 million • Gross profit margin of 36.9%, up 25 basis points compared to prior year • Net loss of $30.2 million compared to net loss of $133.1 million compared to the prior year • Adjusted","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1857853/000185785323000087/0001857853-23-000087-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended June 30, 2023"},{"label":"Revenue","value":"$171.5 million"},{"label":"Net income","value":"$30.2 million"},{"label":"EPS","value":"$0.25 per diluted share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}