Malibu Boats Files 8-K for Undisclosed Event
Ticker: MBUU · Form: 8-K · Filed: Oct 8, 2024 · CIK: 1590976
| Field | Detail |
|---|---|
| Company | Malibu Boats, INC. (MBUU) |
| Form Type | 8-K |
| Filed Date | Oct 8, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 M, $3.5 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: other-event, filing-update
Related Tickers: MBUU
TL;DR
Malibu Boats filed an 8-K for an 'Other Event' - details TBD.
AI Summary
On October 7, 2024, Malibu Boats, Inc. filed an 8-K report to disclose an "Other Event." The filing does not contain specific details regarding the nature of this event, the parties involved, or any financial implications. Further information is expected to be provided in subsequent filings or disclosures.
Why It Matters
This filing indicates a significant event has occurred for Malibu Boats, Inc., but the lack of detail requires investors to await further information to assess its impact.
Risk Assessment
Risk Level: medium — The lack of specific information in the 8-K filing creates uncertainty, which can be a risk for investors.
Key Players & Entities
- MALIBU BOATS, INC. (company) — Registrant
- October 7, 2024 (date) — Date of earliest event reported
- 001-36290 (other) — Commission file number
- Delaware (other) — State of incorporation
- 5075 Kimberly Way, Loudon, Tennessee 37774 (other) — Address of principal executive offices
- 46-4024640 (other) — I.R.S. Employer Identification No.
- (865) 458-5478 (other) — Registrant's telephone number
FAQ
What specific event is Malibu Boats, Inc. reporting in this 8-K filing?
The filing is for an 'Other Event' and does not specify the nature of the event.
When was the earliest event reported in this filing?
The earliest event reported was on October 7, 2024.
What is Malibu Boats, Inc.'s commission file number?
Malibu Boats, Inc.'s commission file number is 001-36290.
Where are Malibu Boats, Inc.'s principal executive offices located?
Malibu Boats, Inc.'s principal executive offices are located at 5075 Kimberly Way, Loudon, Tennessee 37774.
What is the IRS Employer Identification Number for Malibu Boats, Inc.?
The IRS Employer Identification Number for Malibu Boats, Inc. is 46-4024640.
Filing Stats: 825 words · 3 min read · ~3 pages · Grade level 12.7 · Accepted 2024-10-07 19:21:06
Key Financial Figures
- $0.01 M — stered Class A Common Stock, par value $0.01 MBUU Nasdaq Global Select Market Indica
- $3.5 million — mpany agreed to pay the Debtors' estate $3.5 million in cash and the Company and the Trustee
Filing Documents
- mbuu-20241007.htm (8-K) — 28KB
- mbuu-20241007_g1.jpg (GRAPHIC) — 18KB
- 0001590976-24-000091.txt ( ) — 183KB
- mbuu-20241007.xsd (EX-101.SCH) — 2KB
- mbuu-20241007_lab.xml (EX-101.LAB) — 21KB
- mbuu-20241007_pre.xml (EX-101.PRE) — 12KB
- mbuu-20241007_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events. On October 7, 2024, Malibu Boats, Inc. (the "Company") entered into a Settlement Agreement (the "Settlement Agreement") with Mark E. Andrews, Chapter 11 Trustee (the "Trustee") for Tommy's Fort Worth, LLC and its affiliate debtors (the "Debtors") in the jointly administered Chapter 11 Cases No. 24-90000 (the "Chapter 11 Cases"), pending in the United States Bankruptcy Court for the Northern District of Texas, Fort Worth Division (the "Bankruptcy Court"). Pursuant to the Settlement Agreement, upon the satisfaction of certain conditions, the Company agreed to pay the Debtors' estate $3.5 million in cash and the Company and the Trustee agreed to mutual releases of all outstanding claims between them. In addition, and as a condition of the settlement, the Trustee agreed to seek an order of the Bankruptcy Court, to enjoin Matthew Borisch, the principal owner of the Debtors, from continuing to pursue the claims against the Company and its affiliates. The Settlement Agreement remains subject to approval by the Bankruptcy Court. Cautionary Statement Concerning Forward Looking Statements This Current Report on Form 8-K includes forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Forward-looking statements can be identified by such words and phrases as "believes," "anticipates," "expects," "intends," "estimates," "may," "will," "should," "continue" and similar expressions, comparable terminology or the negative thereof, and includes statements in this Current Report on Form 8-K regarding the ability to obtain the Bankruptcy Court's approval of the settlement. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, including, risks related to the ability of the Trustee and Debtors to obtain Bankruptcy Court approval with respect to the settlement, any attempt by M
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/ Steven D. Menneto Date: October 7, 2024 Steven D. Menneto Chief Executive Officer