Malibu Boats Elects New Directors, Renews CFO Agreement

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

From the Filing

0001590976-25-000021.txt : 20250212 0001590976-25-000021.hdr.sgml : 20250212 20250212161230 ACCESSION NUMBER: 0001590976-25-000021 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250207 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250212 DATE AS OF CHANGE: 20250212 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: 25614930 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-20250207.htm 8-K mbuu-20250207 false 0001590976 0001590976 2025-02-07 2025-02-07 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 7, 2025 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. As previously disclosed in a Form 8-K filed by Malibu Boats, Inc. (the "Company") on November 29, 2024, Steven D. Menneto, the Chief Executive Officer and a director of the Company, was appointed by the Company's Board of Directors to the role of President, effective February 7, 2025, upon Ritchie L. Anderson's departure. Information regarding Mr. Menneto can be found in the Company’s proxy statement filed on September 19, 2024. Item 9.01 Financial Statements and Exhibits. (d)    Exhibits The followin