Traeger (NYSE: COOK) grants discretionary 2025 cash bonuses to CEO and CFO

Rhea-AI Filing Summary

Traeger, Inc. reported a compensation decision by its Board of Directors related to 2025 performance. The Board determined that the performance goals under the company’s 2025 annual cash incentive program were not achieved, so no payments will be made to the named executive officers under that program.

Despite this, the Board approved discretionary cash bonuses for the top executives to recognize their contributions in 2025 and support retention. Chief Executive Officer Jeremy Andrus will receive a cash bonus of $956,250, and Chief Financial Officer Michael Joseph (Joey) Hord will receive $270,938.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Understanding 8-K Material Events →

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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): March 26, 2026 

TRAEGER, INC.

(Exact name of registrant as specified in its charter)  

Delaware

001-40694

82-2739741

(State or other jurisdiction of incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

533 South 400 West,

Salt Lake City, Utah

84101

(Address of principal executive offices)

(Zip Code)

(Registrant’s telephone number, include area code) (801) 701-7180

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 Symbol(s)			Name of each exchange on which registered
Common Stock, par value $0.0001 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 March 26, 2026, the Board of Directors (the “Board”) of Traeger, Inc. (the “Company”) reviewed the results of its 2025 annual cash incentive program and determined that the applicable performance goals were not achieved, which resulted in no payments under the program to the Company’s named executive officers. However, the Board decided to award Jeremy Andrus, the Company’s Chief Executive Officer, and Michael Joseph (Joey) Hord, the Company’s Chief Financial Officer, discretionary cash bonuses equal to $956,250 and $270,938, respectively, due to their significant contributions to the Company in 2025 and to promote retention.

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: March 26, 2026			By:			/s/ Michael J. Hord
						Michael J. Hord
						Chief Financial Officer

FAQ

What executive compensation decision did Traeger (COOK) disclose in this 8-K?

Traeger disclosed that its Board awarded discretionary cash bonuses to its CEO and CFO for 2025. This followed a review of the annual incentive program, which did not pay out because performance goals were not achieved for named executive officers.

Why did Traeger’s 2025 annual cash incentive program pay zero for executives?

The Board determined that performance goals for Traeger’s 2025 annual cash incentive program were not achieved. As a result, no payments under that program will be made to the company’s named executive officers, despite later granting separate discretionary bonuses to two top executives.

How much is Traeger’s CEO Jeremy Andrus receiving as a discretionary bonus?

Jeremy Andrus, Traeger’s Chief Executive Officer, is receiving a discretionary cash bonus of $956,250. The Board cited his significant contributions to the company in 2025 and a desire to promote retention as reasons for granting this bonus outside the regular incentive program.

What discretionary bonus did Traeger’s CFO Michael (Joey) Hord receive?

Chief Financial Officer Michael Joseph (Joey) Hord is receiving a discretionary cash bonus of $270,938. The Board granted this payment to recognize his significant contributions to Traeger in 2025 and to support management retention after the regular incentive program paid no awards.

Did all Traeger named executive officers receive payments under the 2025 incentive plan?

No payments will be made under Traeger’s 2025 annual cash incentive program to any named executive officers. The Board concluded that the applicable performance goals were not achieved, then separately approved discretionary cash bonuses only for the Chief Executive Officer and Chief Financial Officer.

What reason did Traeger give for granting discretionary bonuses despite missed performance goals?

The Board cited the CEO’s and CFO’s significant contributions to Traeger during 2025 and the goal of promoting retention. These reasons supported granting discretionary cash bonuses even though the company’s formal 2025 annual cash incentive program did not pay out.

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.7 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 22.0 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.7 KB