Malibu Boats Files 8-K on Officer/Director Changes, Compensation
Ticker: MBUU · Form: 8-K · Filed: Feb 20, 2024 · CIK: 1590976
| Field | Detail |
|---|---|
| Company | Malibu Boats, INC. (MBUU) |
| Form Type | 8-K |
| Filed Date | Feb 20, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.01 M, $50,000, $10,000, $230,000, $650,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-changes, compensation, corporate-governance
TL;DR
**Malibu Boats just filed an 8-K hinting at executive changes or new pay deals, keep an eye out for the specifics!**
AI Summary
Malibu Boats, Inc. filed an 8-K on February 20, 2024, reporting an event that occurred on February 15, 2024. The filing indicates a current report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. The specific details of the event, such as departures, elections, appointments, or compensatory arrangements, are not explicitly detailed in the provided text but are indicated by the 'ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' section.
Why It Matters
This filing signals potential shifts in Malibu Boats' leadership or executive compensation structure, which could influence future strategic direction and financial performance. Investors will be watching for specific details to assess the impact.
Risk Assessment
Risk Level: medium — The filing indicates potential changes in leadership or compensation, which can introduce uncertainty or signal strategic shifts, warranting a medium risk assessment until details are known.
Key Players & Entities
- MALIBU BOATS, INC. (company) — Registrant
- February 15, 2024 (date) — Date of earliest event reported
- February 20, 2024 (date) — Filing date
- 001-36290 (dollar_amount) — Commission file number
- 5075 Kimberly Way, Loudon, Tennessee 37774 (company) — Business address
FAQ
What was the earliest event reported date in this 8-K filing?
The earliest event reported date in this 8-K filing was February 15, 2024.
What is the full name of the registrant as specified in its charter?
The full name of the registrant as specified in its charter is MALIBU BOATS, INC.
What is the business phone number for Malibu Boats, Inc.?
The business phone number for Malibu Boats, Inc. is (865) 458-5478.
What items of information are included in this 8-K filing?
This 8-K filing includes information regarding 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers', 'Regulation FD Disclosure', and 'Financial Statements and Exhibits'.
Where is Malibu Boats, Inc. incorporated?
Malibu Boats, Inc. is incorporated in Delaware.
Filing Stats: 1,613 words · 6 min read · ~5 pages · Grade level 10.1 · Accepted 2024-02-20 07:30:33
Key Financial Figures
- $0.01 M — stered Class A Common Stock, par value $0.01 MBUU Nasdaq Global Select Market Indica
- $50,000 — Mr. Hooks will receive a monthly fee of $50,000 for the period he serves as Executive C
- $10,000 — e eligible for a discretionary bonus of $10,000 for each month he serves as Executive
- $230,000 — ares having a grant date value equal to $230,000 in consideration for his services as Ex
- $650,000 — n's annual base salary was increased to $650,000 and his annual target bonus opportunity
- $4,000,000 — units have a grant date value equal to $4,000,000 and will vest in installments over a fo
Filing Documents
- mbuu-20240215.htm (8-K) — 40KB
- exhibit101transitionreleas.htm (EX-10.1) — 56KB
- exhibit991ceotransitionpre.htm (EX-99.1) — 22KB
- image_0a.jpg (GRAPHIC) — 7KB
- mbuu-20240215_g1.jpg (GRAPHIC) — 18KB
- 0001590976-24-000016.txt ( ) — 307KB
- mbuu-20240215.xsd (EX-101.SCH) — 2KB
- mbuu-20240215_lab.xml (EX-101.LAB) — 24KB
- mbuu-20240215_pre.xml (EX-101.PRE) — 12KB
- mbuu-20240215_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On February 20, 2024, the Company issued a press release announcing the management transitions discussed above. A copy of the press release is furnished as Exhibit 99.1 hereto. This information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not incorporated by reference into any filing of the Company whether made before or after the date hereof, regardless of any general incorporation language in such filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits The following exhibits are being filed or furnished as part of this report: Exhibit No. Description Exhibit 10.1 Transition, Release and Consulting Agreement dated February 19, 2024, between Malibu Boats, Inc. and Jack Springer Exhibit 99.1 Press Release dated February 20, 2024 Exhibit 104 The Cover Page from this Current Report on Form 8-K formatted in Inline XBRL
SIGNATURES
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. MALIBU BOATS, INC . By: /s/ Bruce Beckman Date: February 20, 2024 Bruce Beckman Chief Financial Officer