Malibu Boats Appoints New CFO, COO, and Directors

TL;DR

Malibu Boats shakes up leadership with new CFO, COO, and two board members appointed.

AI Summary

Malibu Boats, Inc. announced on September 16, 2024, changes in its executive team and board of directors. Specifically, Robert D. Rathbun Jr. was appointed as Chief Financial Officer, and Michael R. Collins was appointed as Chief Operating Officer. The company also announced the election of two new directors, David R. Brown and Christopher J. Metz, to its Board of Directors.

Why It Matters

These executive and board changes could signal a strategic shift or a strengthening of leadership within Malibu Boats, potentially impacting future operational and financial performance.

Risk Assessment

Risk Level: medium — Changes in key executive and board positions can introduce uncertainty and affect strategic direction, warranting a medium risk assessment.

Key Players & Entities

• Malibu Boats, Inc. (company) — Registrant
• Robert D. Rathbun Jr. (person) — Appointed Chief Financial Officer
• Michael R. Collins (person) — Appointed Chief Operating Officer
• David R. Brown (person) — Elected to Board of Directors
• Christopher J. Metz (person) — Elected to Board of Directors
• September 16, 2024 (date) — Date of earliest event reported

FAQ

From the Filing

0001590976-24-000082.txt : 20240919 0001590976-24-000082.hdr.sgml : 20240919 20240919163051 ACCESSION NUMBER: 0001590976-24-000082 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240916 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240919 DATE AS OF CHANGE: 20240919 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: 241310761 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-20240916.htm 8-K mbuu-20240916 false 0001590976 0001590976 2024-09-19 2024-09-19 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): September 16, 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 September 16, 2024, Joan M. Lewis notified the board of directors (the “Board”) of Malibu Boats, Inc., a Delaware corporation (the “Company”), that she does not intend to stand for re-election at the Company’s 2024 annual meeting of stockholders (the “2024 Annual Meeting”). Ms. Lewis will continue to serve on the Board until the 2024 Annual Meeting, when her current term will expire. Ms. Lewis’ decision to not stand for re-election was not the result of a disagreement with the Company on any matter relating to the Company&#8