[8-K] YETI Holdings, Inc. Reports Material Event

Rhea-AI Filing Summary

Effective June 30, 2025, the Statement of Additional Information (SAI) for John Hancock Financial Opportunities Fund (ticker BTO), John Hancock Investors Trust and John Hancock Premium Dividend Fund is updated to reflect two governance changes:

• Paul Lorentz has resigned as a non-independent Trustee of each fund.
• Kristie M. Feinberg, already serving as each fund’s President and CEO of John Hancock Investment Management, has been appointed as a non-independent Trustee effective the same date and will stand for shareholder election in 2026.

The SAI now lists Ms. Feinberg’s extensive leadership background, including her roles at Manulife Investment Management, Invesco and Oppenheimer Funds, underscoring her experience in finance, strategy and product distribution. The board-class assignment for the Financial Opportunities Fund and Premium Dividend Fund places her term expiring in 2026. The John Hancock Fund Complex comprises 186 funds as of April 30, 2025.

No portfolio, financial or strategic policy changes are disclosed; the supplement is solely a board-composition update, to be read in conjunction with the current SAI.

Insights

Corporate Governance Expert

TL;DR: Routine trustee rotation; governance impact minimal, investment thesis unchanged.

The filing records a normal board transition: Paul Lorentz exits, Kristie Feinberg joins as non-independent Trustee while retaining her President role. Her deep asset-management résumé adds relevant expertise, but because she is already the funds’ CEO, her new board seat merely formalizes influence she effectively possessed. No disclosure suggests strategic, fee, or policy adjustments. Closed-end fund investors should view the change as administrative; it neither alters distribution policy nor portfolio management. Oversight independence remains intact, as the majority of Trustees are still independent, so regulatory risk is low.

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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): June 26, 2025

YETI Holdings, Inc.

(Exact name of registrant as specified in its charter)

Delaware		001-38713		45-5297111
(State or other jurisdiction		(Commission		(IRS Employer
of incorporation)		File Number)		Identification No.)

7601 Southwest Parkway

Austin, Texas 78735

(Address of principal executive offices, including zip code)

(Registrant's telephone number, including area code): (512) 394-9384

Not applicable

(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 $0.01	YETI	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

Departure of Director

On June 26, 2025, Robert A. Katz, member of the Board of Directors of YETI Holdings, Inc. (“YETI” or the “Company”), provided notice of his resignation from the Board of Directors of YETI, effective June 27, 2025, to focus on his role as the Chief Executive Officer at Vail Resorts. Mr. Katz’s decision to resign is not the result of any dispute or disagreement with the Company, the Company’s management or the Board of Directors of the Company on any matter relating to the Company’s operations, policies or practices. YETI thanks Mr. Katz for his service on the Board of Directors and wishes him well in his other professional endeavors.

SIGNATURE

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.

		YETI Holdings, Inc.
Date: June 30, 2025	By:	/s/ Bryan C. Barksdale
		Bryan C. Barksdale
		Senior Vice President, Chief Legal Officer and Secretary

FAQ

Why did John Hancock file this 424B3 supplement for BTO?

To disclose the resignation of Trustee Paul Lorentz and the appointment of Kristie M. Feinberg as a non-independent Trustee effective June 30, 2025.

Who is the new Trustee for John Hancock Financial Opportunities Fund (BTO)?

Kristie M. Feinberg, the funds’ current President and CEO of John Hancock Investment Management, became a non-independent Trustee on June 30, 2025.

When will Kristie Feinberg stand for election by shareholders?

Ms. Feinberg is slated for shareholder election in 2026; her board class term expires the same year.

Does the supplement indicate any changes to fund strategy or distributions?

No. The document only updates board composition; it does not announce changes to investment strategy, fees, or distribution policies.

How many funds are in the John Hancock Fund Complex as of April 30, 2025?

The complex consists of 186 funds, including separate series of series mutual funds.