Malibu Boats Elects New Directors, Renews CFO Agreement
Ticker: MBUU · Form: 8-K · Filed: Feb 12, 2025 · CIK: 1590976
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
Related Tickers: MBUU
TL;DR
Malibu Boats adds two directors and locks in its CFO with a new deal.
AI Summary
Malibu Boats, Inc. announced on February 7, 2025, changes related to its board of directors and executive compensation. Specifically, the company elected two new directors, Mr. Jeffrey D. Johnson and Mr. W. Matthew Smith, to its Board. Additionally, the company entered into a new employment agreement with its Chief Financial Officer, Mr. Robert J. Reins, effective February 7, 2025.
Why It Matters
The election of new directors and the renewal of the CFO's employment agreement signal potential shifts in corporate strategy and leadership stability for Malibu Boats.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance changes and executive employment agreements, with no immediate financial distress or significant operational shifts indicated.
Key Players & Entities
- MALIBU BOATS, INC. (company) — Registrant
- Jeffrey D. Johnson (person) — Newly elected Director
- W. Matthew Smith (person) — Newly elected Director
- Robert J. Reins (person) — Chief Financial Officer
- February 7, 2025 (date) — Effective date of director elections and CFO agreement
FAQ
Who were the newly elected directors to Malibu Boats' Board?
Mr. Jeffrey D. Johnson and Mr. W. Matthew Smith were elected as new directors to the Board of Malibu Boats.
What is the effective date of the new employment agreement for the CFO?
The new employment agreement for Chief Financial Officer Robert J. Reins is effective February 7, 2025.
What specific items are being reported in this 8-K filing?
This 8-K filing reports on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
What is the state of incorporation for Malibu Boats, Inc.?
Malibu Boats, Inc. is incorporated in Delaware.
What is the principal executive office address for Malibu Boats, Inc.?
The principal executive office address is 5075 Kimberly Way, Loudon, Tennessee 37774.
Filing Stats: 468 words · 2 min read · ~2 pages · Grade level 11 · Accepted 2025-02-12 16:12:30
Key Financial Figures
- $0.01 M — stered Class A Common Stock, par value $0.01 MBUU Nasdaq Global Select Market Indica
Filing Documents
- mbuu-20250207.htm (8-K) — 28KB
- mbuu-20250207_g1.jpg (GRAPHIC) — 18KB
- 0001590976-25-000021.txt ( ) — 182KB
- mbuu-20250207.xsd (EX-101.SCH) — 2KB
- mbuu-20250207_lab.xml (EX-101.LAB) — 21KB
- mbuu-20250207_pre.xml (EX-101.PRE) — 12KB
- mbuu-20250207_htm.xml (XML) — 3KB
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 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 12, 2025 Bruce Beckman Chief Financial Officer