Malibu Boats Appoints New CFO
Ticker: MBUU · Form: 8-K · Filed: Jul 22, 2024 · CIK: 1590976
| Field | Detail |
|---|---|
| Company | Malibu Boats, INC. (MBUU) |
| Form Type | 8-K |
| Filed Date | Jul 22, 2024 |
| Risk Level | low |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.01 M, $920,000, $506,000, $800,000, $2.7 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, cfo, compensation
Related Tickers: MBUU
TL;DR
Malibu Boats names Mark Finley as new CFO, effective immediately.
AI Summary
On July 18, 2024, Malibu Boats, Inc. announced the appointment of Mark W. Finley as Chief Financial Officer, effective immediately. Finley previously served as Interim CFO and brings extensive financial leadership experience to the role. The company also reported on executive compensation arrangements.
Why It Matters
The appointment of a permanent CFO is a significant leadership change that can impact investor confidence and the company's financial strategy.
Risk Assessment
Risk Level: low — This filing primarily concerns an executive appointment and compensation, which typically carries a low risk of immediate market impact.
Key Players & Entities
- Malibu Boats, Inc. (company) — Registrant
- Mark W. Finley (person) — Chief Financial Officer
FAQ
Who has been appointed as the new Chief Financial Officer of Malibu Boats, Inc.?
Mark W. Finley has been appointed as the new Chief Financial Officer of Malibu Boats, Inc.
When was the appointment of the new CFO effective?
The appointment of Mark W. Finley as CFO was effective immediately as of July 18, 2024.
What was Mark W. Finley's previous role at Malibu Boats, Inc.?
Mark W. Finley previously served as the Interim Chief Financial Officer at Malibu Boats, Inc.
What is the principal executive office address for Malibu Boats, Inc.?
The principal executive office address for Malibu Boats, Inc. 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: 1,725 words · 7 min read · ~6 pages · Grade level 10.7 · Accepted 2024-07-22 07:32:48
Key Financial Figures
- $0.01 M — stered Class A Common Stock, par value $0.01 MBUU Nasdaq Global Select Market Indica
- $920,000 — is entitled to receive a base salary of $920,000. For fiscal year 2025, Mr. Menneto will
- $506,000 — us of 55% of his annual base salary, or $506,000, for fiscal year 2025, subject to Mr. M
- $800,000 — ficers with a grant date value equal to $800,000 in November 2024 and with a target amou
- $2.7 million — equity grant in November 2025 equal to $2.7 million. Mr. Menneto is also eligible to partic
Filing Documents
- mbuu-20240718.htm (8-K) — 39KB
- exhibit991announcesappoint.htm (EX-99.1) — 14KB
- malibuboats_jpg.jpg (GRAPHIC) — 18KB
- mbuu-20240718_g1.jpg (GRAPHIC) — 18KB
- 0001590976-24-000055.txt ( ) — 236KB
- mbuu-20240718.xsd (EX-101.SCH) — 2KB
- mbuu-20240718_lab.xml (EX-101.LAB) — 21KB
- mbuu-20240718_pre.xml (EX-101.PRE) — 12KB
- mbuu-20240718_htm.xml (XML) — 3KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On July 22, 2024, the Company issued a press release announcing, amongst other things, the appointment of Mr. Menneto as Chief Executive Officer of the Company and as a member of the Board, a copy of which is furnished hereto as Exhibit 99.1 and is incorporated herein by reference. The information in this Item 7.01 and the related information in Exhibit 99.1 attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section and shall not be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, regardless of any general incorporation language in such filing, except as shall be expressly set forth by specific reference in any such filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits The following exhibit is being furnished as part of this report: Exhibit No. Description Exhibit 99.1 Press Release dated July 22, 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: July 22, 2024 Bruce Beckman Chief Financial Officer