Item 7.01 Regulation FD Disclosure.
On August 31, 2020, JELD-WEN, Inc. (the "Company"), a subsidiary of JELD-WEN
Holding, Inc., and its co-defendant, Masonite Corporation ("Masonite"), entered
into a settlement agreement with Grubb Lumber Company and Philadelphia Reserve
Supply Company, on behalf of themselves and the class of direct purchasers of
interior molded doors, in In re Interior Molded Doors Antitrust Litigation (the
"Direct Purchaser Action"), a consolidated antitrust class action pending in the
United States District Court for the Eastern District of Virginia (the "Court").
In the Direct Purchaser Action, the Company and Masonite agreed to make a
payment of $28 million each to the named plaintiffs and the settlement class of
direct purchasers in exchange for a full release of claims through the date of
preliminary Court approval. In addition, on September 4, 2020, the Company and
Masonite entered into a separate settlement agreement with the class of indirect
purchaser plaintiffs in In re Interior Molded Doors Indirect Purchaser Antitrust
Litigation (the "Indirect Purchaser Action"), a separate consolidated antitrust
class action pending in the Court. In the Indirect Purchaser Action, the Company
and Masonite agreed to make a payment of $9.75 million each to the named
plaintiffs and the settlement class of indirect purchasers in exchange for a
full release of claims through the date of the settlement agreement. In entering
into the settlement agreements, the Company continues to believe that the claims
lack merit and has denied any liability or wrongdoing for the claims made
against the Company. The settlement agreements remain subject to preliminary and
final Court approval and other conditions.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
104 Cover Page Interactive Data file (formatted as Inline XBRL).
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