MasterCraft Boat Holdings Appoints New CFO, Stock Grants

TL;DR

New CFO Koury starts March 11, gets $375K salary + stock.

AI Summary

MasterCraft Boat Holdings, Inc. announced on March 4, 2024, the appointment of Frederick A. Koury as Chief Financial Officer, effective March 11, 2024. Koury will receive an annual base salary of $375,000 and is eligible for a discretionary annual bonus. He will also be granted 100,000 restricted stock units, vesting over three years.

Why It Matters

The appointment of a new CFO is a significant leadership change that could impact the company's financial strategy and investor confidence.

Risk Assessment

Risk Level: low — This filing primarily concerns a routine executive appointment and compensation, with no immediate financial distress or major strategic shifts indicated.

Key Numbers

• $375,000 — CFO Annual Salary (Represents the base compensation for the newly appointed Chief Financial Officer.)
• 100,000 — RSUs Granted (Stock units awarded to the new CFO, vesting over three years, aligning incentives.)

Key Players & Entities

• MasterCraft Boat Holdings, Inc. (company) — Registrant
• Frederick A. Koury (person) — Appointed Chief Financial Officer
• $375,000 (dollar_amount) — Annual base salary for new CFO
• 100,000 (dollar_amount) — Restricted stock units granted to new CFO
• March 11, 2024 (date) — Effective date for new CFO

FAQ

Key Financial Figures

• $725,000 — ntinuation of his existing base salary ($725,000 per annum) through the end of the Consu
• $645,000 — n and benefits: annual base salary of $645,000; eligibility for an annual cash bonus
• $1,000,000 — ket value on the date of grant equal to $1,000,000. The RSAs will vest in three equal inst

Filing Documents

• mcft-20240304.htm (8-K) — 58KB
• mcft-ex10_1.htm (EX-10.1) — 148KB
• mcft-ex10_2.htm (EX-10.2) — 19KB
• mcft-ex99_1.htm (EX-99.1) — 26KB
• 0000950170-24-024373.txt ( ) — 400KB
• mcft-20240304.xsd (EX-101.SCH) — 23KB
• mcft-20240304_htm.xml (XML) — 4KB

01. Other Events

Item 8.01. Other Events. On March 4, 2024, the Company issued a press release announcing Mr. Brightbill's retirement, Mr. Nelson's appointment as Chief Executive Officer and Mr. Lambert's appointment as Chairman of the Board. A copy of the press release is furnished as Exhibit 99.1 hereto. This information is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities under that Section, and shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits The following exhibits are being furnished as part of this report: Exhibit No. Description 10.1 Retirement and Consulting Agreement, dated March 1, 2024 10.2 Offer Letter, dated March 1, 2024 99.1 Press Release, dated March 4, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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 thereunto duly authorized. MASTERCRAFT BOAT HOLDINGS, INC. Date: March 4, 2024 By: /s/TIMOTHY M. OXLEY Timothy M. Oxley Chief Financial Officer, Treasurer and Secretary

View Full Filing

View this 8-K filing on SEC EDGAR