Malibu Boats Files 8-K: Other Events
Ticker: MBUU · Form: 8-K · Filed: Apr 11, 2024 · CIK: 1590976
| Field | Detail |
|---|---|
| Company | Malibu Boats, INC. (MBUU) |
| Form Type | 8-K |
| Filed Date | Apr 11, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 M, $5.2 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: sec-filing, 8-k
Related Tickers: MBUU
TL;DR
Malibu Boats filed an 8-K for 'Other Events' - check the full doc for details.
AI Summary
On April 11, 2024, Malibu Boats, Inc. filed an 8-K report. The filing indicates that the company is providing information under "Other Events." No specific financial transactions or material events were detailed in the provided excerpt.
Why It Matters
This filing signals that Malibu Boats, Inc. is making a regulatory disclosure. Investors should review the full filing for details on any "Other Events" that may impact the company.
Risk Assessment
Risk Level: low — The provided excerpt is a standard SEC filing notification and does not contain specific material information that would inherently increase risk.
Key Players & Entities
- MALIBU BOATS, INC. (company) — Registrant
- 001-36290 (company) — Commission file number
- Delaware (company) — State of incorporation
- 5075 Kimberly Way, Loudon, Tennessee 37774 (company) — Principal executive offices address
- 46-4024640 (company) — I.R.S. Employer Identification No.
- (865) 458-5478 (company) — Registrant's telephone number
FAQ
What is the exact date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is April 11, 2024.
What is the company's full legal name as specified in its charter?
The exact name of the registrant as specified in its charter is MALIBU BOATS, INC.
In which state was Malibu Boats, Inc. incorporated?
Malibu Boats, Inc. was incorporated in Delaware.
What is the principal executive office address of Malibu Boats, Inc.?
The principal executive office address is 5075 Kimberly Way, Loudon, Tennessee 37774.
What is the commission file number for Malibu Boats, Inc.?
The commission file number for Malibu Boats, Inc. is 001-36290.
Filing Stats: 588 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2024-04-11 17:19:09
Key Financial Figures
- $0.01 M — stered Class A Common Stock, par value $0.01 MBUU Nasdaq Global Select Market Indica
- $5.2 million — 's Boats, with respect to approximately $5.2 million of Malibu/Axis boats based on recent re
Filing Documents
- mbuu-20240411.htm (8-K) — 27KB
- mbuu-20240411_g1.jpg (GRAPHIC) — 18KB
- 0001628280-24-015856.txt ( ) — 181KB
- mbuu-20240411.xsd (EX-101.SCH) — 2KB
- mbuu-20240411_lab.xml (EX-101.LAB) — 21KB
- mbuu-20240411_pre.xml (EX-101.PRE) — 12KB
- mbuu-20240411_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events. On April 10, 2024, fifteen dealerships operated under common control of Tommy's Boats ("Tommy's Boats") filed a complaint against Malibu Boats, Inc. (the "Company") and its subsidiary Malibu Boats, LLC ("Boats LLC" and together with the Company, "Malibu Boats") in the United States District Court for the Eastern District of Tennessee (Case 3:24-cv-00166). The complaint alleges that Malibu Boats breached its obligations under dealership agreements with Tommy's Boats, quantum meruit, unjust enrichment, promissory estoppel and intentional and negligent misrepresentations relating to the parties' commercial relationship. Tommy's Boats is seeking monetary damages. Malibu Boats intends to vigorously defend against claims alleged by Tommy's Boats. Sales to locations under common control of Tommy's Boats represented approximately 9.4%, 10.7% and 4.0% of the Company's consolidated net sales for fiscal year 2022, fiscal year 2023 and the first six months of fiscal year 2024, respectively, including approximately 23.3% and 10.1% of consolidated sales in fiscal year 2023 and the first six months of fiscal year 2024, respectively, for the Company's Malibu segment. The Company does not currently have dealership agreements in effect with Tommy's Boats. The Company is actively engaged with its dealer network to mitigate any marketplace disruption and to provide a strong dealer partner in each of the Company's markets served by Tommy's Boats. Boats LLC has a repurchase agreement with M&T Bank, the floor financing lender to Tommy's Boats, with respect to approximately $5.2 million of Malibu/Axis boats based on recent reporting by M&T Bank.
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: April 11, 2024 Bruce Beckman Chief Financial Officer