other material
confidence high
sentiment neutral
materiality 0.50
Traeger amends CEO Jeremy Andrus compensation; base salary $750k, target bonus 150%
Traeger, Inc.
- CEO Jeremy Andrus's base salary raised to $750,000 effective January 1, 2025.
- Target bonus for 2025 set at 150% of base salary ($1.125 million).
- Eligible for Executive Change in Control Severance Plan; Cash Severance includes 200% base + 200% target bonus plus pro-rata bonus and COBRA.
- Severance without cause/good reason: base salary plus target bonus paid over 12 months, plus pro-rata bonus and 18 months COBRA with tax gross-up.