Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Traeger, Inc. Call Transcript 2026

Jun 9, 2026

Call Transcript

Traeger, Inc.

Download source file

Good morning, welcome to the Traeger Inc 2026 Annual Meeting of Stockholders. I will now turn the line over to Jeremy Andrus. Mr. Andrus? Thank you. Good afternoon. I am Jeremy Andrus, the Chief Executive Officer and Chairman of the Board of Traeger Inc, the Chairman of today's meeting. I'm very happy to welcome you to our 2026 annual meeting of stockholders, which is completely virtual and being conducted via live webcast. Before I call the meeting to order, I'd like to introduce you to the other members of the board and the officers of the company who are with us today. The other members of the board in attendance are Raul Alvarez, Wendy A. Beck, Martin Eltrich, James Ho, Daniel James, Elizabeth C. Lempres, and Steven Richman. In addition, participating today are Joey Hord, our Chief Financial Officer, and Courtland Astill our General Counsel and Corporate Secretary. I would also like to introduce Innocent Shumba of Ernst & Young LLP and the company's independent auditor, who will be available to respond to appropriate questions during the question-and-answer period of the meeting. The meeting will now officially come to order. We will proceed with the formal business of this meeting as set forth in the notice of the annual meeting and proxy statement. The polls opened today, June 9th, 2026 at 8:30 A.M. Mountain Time for voting on all matters before the meeting. If you've not already voted and wish to vote, the polls will remain open until we finish presenting the proposals and close the polls. You do not need to vote during the meeting if you have already voted and do not wish to change your vote. On the virtual meeting webpage, you will find the agenda for the meeting. You will also find the rules of conduct for today's meeting. Please review these rules carefully. Note that only stockholders who are logged into the meeting using their unique live meeting link will be able to vote and submit questions at today's meeting. Our Corporate Secretary will file the proof of mailing of notice of the meeting with the records of the meeting. All stockholders of record at the close of business on April 13th, 2026, who are holders of a valid proxy, are entitled to vote at the meeting. At this time, I'd like to introduce Paul Ramirez, a representative of American Election Services, LLC, who will act as Inspector of Election at today's meeting. Mr. Ramirez has signed the customary oath of office to execute his duties with strict impartiality. We will file this oath with the records of the meeting. I have been informed that a quorum is present. Therefore, I hereby declare this meeting to be duly constituted for the transaction of business. We will now proceed with the formal business of this meeting. There are two proposals to be considered by the stockholders at this meeting. The board of directors recommends that the stockholders vote for proposals one and two. The 1st item of business is the election of Martin Eltrich and Steven Richman to serve as the Class II directors of the company for a term of office expiring at the annual meeting of stockholders to be held in 2029. The second item of business is the ratification of the audit committee's appointment of Ernst & Young LLP as the independent registered public accounting firm of the company for the year ending December 31, 2026. That was the final proposal for today's meeting. If you wish to vote and you haven't already, please vote now by clicking on the voting button on the web portal and following the instructions. You do not need to vote electronically if you've already sent in your signed proxy or if you have voted by telephone or internet. We will pause for approximately 30 seconds before closing the voting polls. The time is now 8:35 A.M. on June 9th, 2026, and the polls are closed for voting. Thank you very much. I have received the preliminary report of the Inspector of Election to be kept with the company's records of the annual meeting. Based on this preliminary report of the Inspector of Election, Martin Eltrich and Steven Richman have been elected as Class II directors and the appointment of Ernst & Young LLP as our independent registered public accounting firm for the year ending December 31, 2026, has been ratified. The final tally of the votes will be published within four business days in a current report on Form 8-K to be filed with the Securities and Exchange Commission. This meeting is now adjourned. The management team and I are now available to answer any questions. Please note that we will only be answering questions that are within the parameters of the rules of conduct, and only stockholders who have logged into the meeting using their unique live meeting link are able to submit a question through the question area of the web portal. Mr. Astill, are there any questions that have been submitted? No, there are no questions. Please proceed with your closing remarks. With that, ladies and gentlemen, this concludes our annual meeting. I want to thank you for attending and for your interest in the affairs of Traeger. This concludes today's meeting. Thank you for attending. You may now disconnect and have a wonderful rest of your day.

Speaker 3: Good morning, welcome to the Traeger Inc 2026 Annual Meeting of Stockholders. I will now turn the line over to Jeremy Andrus. Mr. Andrus? Good morning, welcome to the Traeger Inc 2026 Annual Meeting of Stockholders. good morning welcome to the traeger inc 2026 annual meeting of stockholders I will now turn the line over to Jeremy Andrus. i will now turn the line over to jeremy andrus Mr. Andrus? mr andrus

Speaker 2: Thank you. Good afternoon. I am Jeremy Andrus, the Chief Executive Officer and Chairman of the Board of Traeger Inc, the Chairman of today's meeting. I'm very happy to welcome you to our 2026 annual meeting of stockholders, which is completely virtual and being conducted via live webcast. Before I call the meeting to order, I'd like to introduce you to the other members of the board and the officers of the company who are with us today. The other members of the board in attendance are Raul Alvarez, Wendy A. Beck, Martin Eltrich, James Ho, Daniel James, Elizabeth C. Lempres, and Steven Richman. In addition, participating today are Joey Hord, our Chief Financial Officer, and Courtland Astill our General Counsel and Corporate Secretary. Thank you. thank you Good afternoon. good afternoon I am Jeremy Andrus, the Chief Executive Officer and Chairman of the Board of Traeger Inc, the Chairman of today's meeting. i am jeremy andrus the chief executive officer and chairman of the board of traeger inc the chairman of today's meeting I'm very happy to welcome you to our 2026 annual meeting of stockholders, which is completely virtual and being conducted via live webcast. i'm very happy to welcome you to our 2026 annual meeting of stockholders which is completely virtual and being conducted via live webcast Before I call the meeting to order, I'd like to introduce you to the other members of the board and the officers of the company who are with us today. before i call the meeting to order i'd like to introduce you to the other members of the board and the officers of the company who are with us today The other members of the board in attendance are Raul Alvarez, Wendy A. Beck, Martin Eltrich, James Ho, Daniel James, Elizabeth C. the other members of the board in attendance are raul alvarez wendy a. beck martin eltrich james ho daniel james elizabeth c Lempres, and Steven Richman. lempres and steven richman In addition, participating today are Joey Hord, our Chief Financial Officer, and Courtland Astill our General Counsel and Corporate Secretary. in addition participating today are joey hord our chief financial officer and courtland astill our general counsel and corporate secretary I would also like to introduce Innocent Shumba of Ernst & Young LLP and the company's independent auditor, who will be available to respond to appropriate questions during the question-and-answer period of the meeting. The meeting will now officially come to order. We will proceed with the formal business of this meeting as set forth in the notice of the annual meeting and proxy statement. The polls opened today, June 9th, 2026 at 8:30 A.M. Mountain Time for voting on all matters before the meeting. If you've not already voted and wish to vote, the polls will remain open until we finish presenting the proposals and close the polls. You do not need to vote during the meeting if you have already voted and do not wish to change your vote. On the virtual meeting webpage, you will find the agenda for the meeting. I would also like to introduce Innocent Shumba of Ernst & Young LLP and the company's independent auditor, who will be available to respond to appropriate questions during the question-and-answer period of the meeting. i would also like to introduce innocent shumba of ernst & young llp and the company's independent auditor who will be available to respond to appropriate questions during the question-and-answer period of the meeting The meeting will now officially come to order. the meeting will now officially come to order We will proceed with the formal business of this meeting as set forth in the notice of the annual meeting and proxy statement. we will proceed with the formal business of this meeting as set forth in the notice of the annual meeting and proxy statement The polls opened today, June 9th, 2026 at 8:30 A.M. the polls opened today june 9th 2026 at 8:30 a.m Mountain Time for voting on all matters before the meeting. mountain time for voting on all matters before the meeting If you've not already voted and wish to vote, the polls will remain open until we finish presenting the proposals and close the polls. if you've not already voted and wish to vote the polls will remain open until we finish presenting the proposals and close the polls You do not need to vote during the meeting if you have already voted and do not wish to change your vote. you do not need to vote during the meeting if you have already voted and do not wish to change your vote On the virtual meeting webpage, you will find the agenda for the meeting. on the virtual meeting webpage you will find the agenda for the meeting You will also find the rules of conduct for today's meeting. Please review these rules carefully. Note that only stockholders who are logged into the meeting using their unique live meeting link will be able to vote and submit questions at today's meeting. Our Corporate Secretary will file the proof of mailing of notice of the meeting with the records of the meeting. All stockholders of record at the close of business on April 13th, 2026, who are holders of a valid proxy, are entitled to vote at the meeting. At this time, I'd like to introduce Paul Ramirez, a representative of American Election Services, LLC, who will act as Inspector of Election at today's meeting. Mr. Ramirez has signed the customary oath of office to execute his duties with strict impartiality. We will file this oath with the records of the meeting. You will also find the rules of conduct for today's meeting. you will also find the rules of conduct for today's meeting Please review these rules carefully. please review these rules carefully Note that only stockholders who are logged into the meeting using their unique live meeting link will be able to vote and submit questions at today's meeting. note that only stockholders who are logged into the meeting using their unique live meeting link will be able to vote and submit questions at today's meeting Our Corporate Secretary will file the proof of mailing of notice of the meeting with the records of the meeting. our corporate secretary will file the proof of mailing of notice of the meeting with the records of the meeting All stockholders of record at the close of business on April 13th, 2026, who are holders of a valid proxy, are entitled to vote at the meeting. all stockholders of record at the close of business on april 13th 2026 who are holders of a valid proxy are entitled to vote at the meeting At this time, I'd like to introduce Paul Ramirez, a representative of American Election Services, LLC, who will act as Inspector of Election at today's meeting. at this time i'd like to introduce paul ramirez a representative of american election services llc who will act as inspector of election at today's meeting Mr. Ramirez has signed the customary oath of office to execute his duties with strict impartiality. mr ramirez has signed the customary oath of office to execute his duties with strict impartiality We will file this oath with the records of the meeting. we will file this oath with the records of the meeting I have been informed that a quorum is present. Therefore, I hereby declare this meeting to be duly constituted for the transaction of business. We will now proceed with the formal business of this meeting. There are two proposals to be considered by the stockholders at this meeting. The board of directors recommends that the stockholders vote for proposals one and two. The 1st item of business is the election of Martin Eltrich and Steven Richman to serve as the Class II directors of the company for a term of office expiring at the annual meeting of stockholders to be held in 2029. The second item of business is the ratification of the audit committee's appointment of Ernst & Young LLP as the independent registered public accounting firm of the company for the year ending December 31, 2026. That was the final proposal for today's meeting. I have been informed that a quorum is present. i have been informed that a quorum is present Therefore, I hereby declare this meeting to be duly constituted for the transaction of business. therefore i hereby declare this meeting to be duly constituted for the transaction of business We will now proceed with the formal business of this meeting. we will now proceed with the formal business of this meeting There are two proposals to be considered by the stockholders at this meeting. there are two proposals to be considered by the stockholders at this meeting The board of directors recommends that the stockholders vote for proposals one and two. the board of directors recommends that the stockholders vote for proposals one and two The 1st item of business is the election of Martin Eltrich and Steven Richman to serve as the Class II directors of the company for a term of office expiring at the annual meeting of stockholders to be held in 2029. the 1st item of business is the election of martin eltrich and steven richman to serve as the class ii directors of the company for a term of office expiring at the annual meeting of stockholders to be held in 2029 The second item of business is the ratification of the audit committee's appointment of Ernst & Young LLP as the independent registered public accounting firm of the company for the year ending December 31, 2026. the second item of business is the ratification of the audit committee's appointment of ernst & young llp as the independent registered public accounting firm of the company for the year ending december 31 2026 That was the final proposal for today's meeting. that was the final proposal for today's meeting If you wish to vote and you haven't already, please vote now by clicking on the voting button on the web portal and following the instructions. You do not need to vote electronically if you've already sent in your signed proxy or if you have voted by telephone or internet. We will pause for approximately 30 seconds before closing the voting polls. The time is now 8:35 A.M. on June 9th, 2026, and the polls are closed for voting. Thank you very much. I have received the preliminary report of the Inspector of Election to be kept with the company's records of the annual meeting. If you wish to vote and you haven't already, please vote now by clicking on the voting button on the web portal and following the instructions. if you wish to vote and you haven't already please vote now by clicking on the voting button on the web portal and following the instructions You do not need to vote electronically if you've already sent in your signed proxy or if you have voted by telephone or internet. you do not need to vote electronically if you've already sent in your signed proxy or if you have voted by telephone or internet We will pause for approximately 30 seconds before closing the voting polls. we will pause for approximately 30 seconds before closing the voting polls The time is now 8:35 A.M. on June 9th, 2026, and the polls are closed for voting. the time is now 8:35 a.m on june 9th 2026 and the polls are closed for voting Thank you very much. thank you very much I have received the preliminary report of the Inspector of Election to be kept with the company's records of the annual meeting. i have received the preliminary report of the inspector of election to be kept with the company's records of the annual meeting Based on this preliminary report of the Inspector of Election, Martin Eltrich and Steven Richman have been elected as Class II directors and the appointment of Ernst & Young LLP as our independent registered public accounting firm for the year ending December 31, 2026, has been ratified. The final tally of the votes will be published within four business days in a current report on Form 8-K to be filed with the Securities and Exchange Commission. Based on this preliminary report of the Inspector of Election, Martin Eltrich and Steven Richman have been elected as Class II directors and the appointment of Ernst & Young LLP as our independent registered public accounting firm for the year ending December 31, 2026, has been ratified. based on this preliminary report of the inspector of election martin eltrich and steven richman have been elected as class ii directors and the appointment of ernst & young llp as our independent registered public accounting firm for the year ending december 31 2026 has been ratified The final tally of the votes will be published within four business days in a current report on Form 8-K to be filed with the Securities and Exchange Commission. the final tally of the votes will be published within four business days in a current report on form 8-k to be filed with the securities and exchange commission This meeting is now adjourned. The management team and I are now available to answer any questions. Please note that we will only be answering questions that are within the parameters of the rules of conduct, and only stockholders who have logged into the meeting using their unique live meeting link are able to submit a question through the question area of the web portal. Mr. Astill, are there any questions that have been submitted? This meeting is now adjourned. this meeting is now adjourned The management team and I are now available to answer any questions. the management team and i are now available to answer any questions Please note that we will only be answering questions that are within the parameters of the rules of conduct, and only stockholders who have logged into the meeting using their unique live meeting link are able to submit a question through the question area of the web portal. please note that we will only be answering questions that are within the parameters of the rules of conduct and only stockholders who have logged into the meeting using their unique live meeting link are able to submit a question through the question area of the web portal Mr. Astill, are there any questions that have been submitted? mr astill are there any questions that have been submitted

Speaker 1: No, there are no questions. Please proceed with your closing remarks. No, there are no questions. no there are no questions Please proceed with your closing remarks. please proceed with your closing remarks

Speaker 2: With that, ladies and gentlemen, this concludes our annual meeting. I want to thank you for attending and for your interest in the affairs of Traeger. With that, ladies and gentlemen, this concludes our annual meeting. with that ladies and gentlemen this concludes our annual meeting I want to thank you for attending and for your interest in the affairs of Traeger. i want to thank you for attending and for your interest in the affairs of traeger

Speaker 3: This concludes today's meeting. Thank you for attending. You may now disconnect and have a wonderful rest of your day. This concludes today's meeting. this concludes today's meeting Thank you for attending. thank you for attending You may now disconnect and have a wonderful rest of your day. you may now disconnect and have a wonderful rest of your day