8-K
Traeger, Inc. (COOK)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): August 31, 2022
TRAEGER, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 001-40694 | 82-2739741 | |||
|---|---|---|---|---|---|
| (State or other jurisdiction<br><br>of incorporation) | (Commission<br><br>File Number) | (I.R.S. Employer<br><br>Identification No.) | 1215 E Wilmington Ave., Suite 200 | ||
| --- | --- | ||||
| Salt Lake City, Utah | 84106 | ||||
| (Address of principal executive offices) | (Zip Code) |
(801) 701-7180
(Registrant’s telephone number, include area code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| --- | --- |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| --- | --- |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| --- | --- |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading<br><br>Symbol(s) | Name of each exchange<br><br>on which registered |
|---|---|---|
| Common Stock, $0.0001 par value per share | COOK | The New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 31, 2022, the Board of Directors of Traeger, Inc. (the “Company”) promoted Jim Hardy, 62, the Company’s Chief Supply Chain Officer, to Chief Operating Officer, effective immediately. Biographical and other information required by Item 5.02(c)(2) and (3) of Form 8-K regarding Mr. Hardy has been disclosed by the Company in its Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 25, 2022, which information is incorporated herein by reference. In connection with his promotion, on August 31, 2022, the Company granted Mr. Hardy a restricted stock unit award covering 125,000 shares of the Company’s common stock, which will vest in three equal installments on each of the first, second and third anniversary of August 10, 2022, subject to his continued employment through the applicable vesting date.
Item 8.01. Other Events.
On September 7, 2022, the Company issued a press release announcing the promotion of Mr. Hardy to Chief Operating Officer, a copy of which is filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description |
|---|---|
| 99.1 | Press Release of Traeger, Inc., dated September7, 2022 |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Traeger, Inc. | ||
|---|---|---|
| Date: September 7, 2022 | By: | /s/ Dominic Blosil |
| Dominic Blosil | ||
| Chief Financial Officer |
Document
TRAEGER ANNOUNCES EXECUTIVE PROMOTIONS
SALT LAKE CITY, Ut., September 7, 2022 (BUSINESS WIRE) -- Traeger, Inc. (“Traeger” or the "Company") (NYSE: COOK), creator and category leader of the wood pellet grill, today announced two executive promotions. Jim Hardy has been promoted to Chief Operating Officer and Cole VandenAkker has been promoted to Chief Sales Officer. Both will continue to report directly to Jeremy Andrus, Chief Executive Officer of Traeger.
“I am thrilled to announce the promotions of Jim and Cole. Today’s announcement is well-deserved recognition of their many contributions to the business,” said Traeger CEO Jeremy Andrus. “Since joining Traeger, Jim has been strongly committed to achieving operational excellence and has successfully led our supply chain function in a time of significant macroeconomic volatility. Cole has been a key driver of Traeger’s growth in the last several years and has a strong track record of success and dedication to the Company. Both Jim and Cole have demonstrated that their leadership and strategic expertise are of immense value to the Traeger organization, and I look forward to continuing to work with them as we fulfill our vision to bring people together to create a more flavorful world.”
Jim Hardy has served as Chief Supply Chain Officer of Traeger since March 2021. He has over 35 years of operations experience, and previously served as Chief Operating Officer of Fanatics, Inc. and Executive Vice President Global Operations of Under Armour, Inc.
Cole VandenAkker has served as Traeger's Executive Vice President of Global Sales since May 2020 and oversaw all National Sales prior to that appointment. Before joining Traeger in August 2014, Mr. VandenAkker headed Corporate Development for Backcountry.com and worked in Leucadia National Corporation's Asset Management Group.
About Traeger
Traeger Grills, headquartered in Salt Lake City, is the creator and category leader of the wood pellet grill, an outdoor cooking system that ignites all-natural hardwoods to grill, smoke, bake, roast, braise, and barbecue. Our grills are versatile and easy to use, empowering cooks of all skill sets to create delicious meals with a wood-fired flavor that cannot be replicated with gas, charcoal, or electric grills. Grills are at the core of Traeger’s platform and are complemented by Traeger wood pellets, rubs, sauces, and accessories.
Investors:
Nick Bacchus Traeger, Inc. investor@traeger.com
Media: ICR, Inc. TraegerPR@icrinc.com