Traeger settles shareholder lawsuit over CEO consent provision for $390k in fees

Traeger, Inc.

Putative class action filed Jan 2024 by Bruce Taylor challenged CEO consent provision in Stockholders Agreement.
Traeger amended agreement in April 2024 to allow Board to act without investor consent if needed for fiduciary duties.
Lawsuit dismissed as moot; court retained jurisdiction only for plaintiff's attorney fee application.
Traeger and/or insurers agreed to pay $390,000 in attorneys' fees; no finding of wrongdoing.
Delaware Court of Chancery closed Action on Dec 6, 2024 after filing of this 8-K.

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