Malibu Boats Files 8-K on Officer/Director Changes, Compensation

TL;DR

**Malibu Boats just filed an 8-K hinting at executive changes or new pay deals, keep an eye out for the specifics!**

AI Summary

Malibu Boats, Inc. filed an 8-K on February 20, 2024, reporting an event that occurred on February 15, 2024. The filing indicates a current report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. The specific details of the event, such as departures, elections, appointments, or compensatory arrangements, are not explicitly detailed in the provided text but are indicated by the 'ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' section.

Why It Matters

This filing signals potential shifts in Malibu Boats' leadership or executive compensation structure, which could influence future strategic direction and financial performance. Investors will be watching for specific details to assess the impact.

Risk Assessment

Risk Level: medium — The filing indicates potential changes in leadership or compensation, which can introduce uncertainty or signal strategic shifts, warranting a medium risk assessment until details are known.

Key Players & Entities

• MALIBU BOATS, INC. (company) — Registrant
• February 15, 2024 (date) — Date of earliest event reported
• February 20, 2024 (date) — Filing date
• 001-36290 (dollar_amount) — Commission file number
• 5075 Kimberly Way, Loudon, Tennessee 37774 (company) — Business address

FAQ

From the Filing

0001590976-24-000016.txt : 20240220 0001590976-24-000016.hdr.sgml : 20240220 20240220073033 ACCESSION NUMBER: 0001590976-24-000016 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 18 CONFORMED PERIOD OF REPORT: 20240215 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240220 DATE AS OF CHANGE: 20240220 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MALIBU BOATS, INC. CENTRAL INDEX KEY: 0001590976 STANDARD INDUSTRIAL CLASSIFICATION: SHIP & BOAT BUILDING & REPAIRING [3730] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36290 FILM NUMBER: 24650713 BUSINESS ADDRESS: STREET 1: 5075 KIMBERLY WAY CITY: LOUDON STATE: TN ZIP: 37774 BUSINESS PHONE: 865-458-5478 MAIL ADDRESS: STREET 1: 5075 KIMBERLY WAY CITY: LOUDON STATE: TN ZIP: 37774 FORMER COMPANY: FORMER CONFORMED NAME: Malibu Boats, Inc. DATE OF NAME CHANGE: 20131104 8-K 1 mbuu-20240215.htm 8-K mbuu-20240215 false 0001590976 0001590976 2024-02-15 2024-02-15 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549        FORM 8-K     CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): February 15, 2024 MALIBU BOATS, INC. (Exact Name of Registrant as specified in its charter) Commission file number: 001-36290 Delaware 5075 Kimberly Way, Loudon, Tennessee 37774 46-4024640 (State or other jurisdiction of incorporation or organization) (Address of principal executive offices, including zip code) (I.R.S. Employer Identification No.) (865) 458-5478 (Registrant’s telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, par value $0.01 MBUU Nasdaq Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ☐ Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 15, 2024, Malibu Boats, Inc. (the “ Company ”) and Mr. Jack Springer mutually agreed that Mr. Springer will cease to serve as Chief Executive Officer, effective May 17, 2024 or at such earlier time as the Board may determine (the “ Transition Effective Time ”), and accordingly the Company and Mr. Springer entered into a Transition, Release and Consulting Agreement (the “ Transition Agreement ”). Mr. Springer also will resign as a member