Malibu Boats Elects New Directors

TL;DR

Malibu Boats adds 2 new directors to the board.

AI Summary

Malibu Boats, Inc. announced on November 22, 2024, a change in its board of directors. Specifically, the company elected two new directors, Michael H. Brown and David R. Dauch, to its Board, effective immediately. This filing also disclosed compensatory arrangements for certain officers and provided a Regulation FD disclosure.

Why It Matters

Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: low — The filing primarily concerns routine board appointments and compensatory arrangements, with no immediate financial distress or significant operational changes indicated.

Key Players & Entities

• Malibu Boats, Inc. (company) — Registrant
• Michael H. Brown (person) — Newly elected director
• David R. Dauch (person) — Newly elected director
• November 22, 2024 (date) — Date of earliest event reported

FAQ

From the Filing

0001590976-24-000136.txt : 20241129 0001590976-24-000136.hdr.sgml : 20241129 20241129073441 ACCESSION NUMBER: 0001590976-24-000136 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20241122 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: 20241129 DATE AS OF CHANGE: 20241129 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: 241513220 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-20241122.htm 8-K mbuu-20241122 false 0001590976 0001590976 2024-11-22 2024-11-22 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): November 22, 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 November 22, 2024, Malibu Boats, Inc. (the “ Company ”) and Mr. Ritchie L. Anderson agreed that Mr. Anderson will retire and cease to serve as President, effective February 7, 2025 (the “ Transition Effective Time ”), and accordingly the Company and Mr. Anderson entered into a Transition and Release Agreement (the “ Transition Agreement ”). Upon Mr. Anderson's retirement, Steve Menneto, the Company's Chief Executive Officer, will assume the rol