Malibu Boats SEC Filings

Michael J. Connolly, a director of Malibu Boats, Inc. (MBUU), received 621 fully vested stock units as an election to convert his cash quarterly retainer into equity for the quarter ended September 30, 2025. The units were recorded at a transaction price of $32.45 and increase his total reported beneficial ownership to 56,582 shares/units. Of those, 4,918 stock units carry the same deferred-payment vesting terms described below and 46,392 stock units are fully vested and payable upon separation from service or a change in control, or as soon as practicable within 30 days. Units payable on a Payment Event may be distributed in a lump sum within 30 days or in annual installments over 5 or 10 years.

Malibu Boats, Inc. reported fiscal 2025 results showing net sales of $807.6 million, gross profit of $144.1 million and net income of $15.2 million, with Adjusted EBITDA of $74.8 million. The company repurchased approximately $36 million of stock in fiscal 2025 and reported a 7.1% increase in net sales per unit, reflecting higher average selling prices. The board confirmed independence for its non-employee directors after reviewing relationships. Management changes included the hire of Mr. Menneto as CEO effective August 5, 2024 and other leadership transitions. The Compensation Committee forfeited outstanding performance-based awards tied to fiscal 2025 results and paid reduced bonuses; clawback policy adopted in fiscal 2024. Malibu expects approximately $40.4 million of future payments under its tax receivable agreement over the next 16 years, subject to change.

Malibu Boats, Inc. reports a detailed annual filing describing operations, markets, risks and recent material items. The company sells recreational powerboats across eight brands and says it is a market leader in multiple U.S. segments, serving an addressable retail market of about $12.6 billion and noting total U.S. retail boat sales of $15.5 billion in 2024. As of June 30, 2025, Malibu operated over 325 dealer locations and employed approximately 2,200 people. The company emphasizes vertical integration, including in-house engines and trailers, and completed expansions and facility investments since 2022. Material items disclosed include an $88.4 million impairment recognized in March 2024 related to Maverick Boat Group, total goodwill and indefinite-lived intangibles of $130.3 million (about 17.7% of assets), repurchases of 22 units under repurchase agreements in FY2025 (20 subsequently resold above cost), a $3.5 million settlement payment related to Tommy's Boats, and $18.0 million outstanding under the revolving credit facility. The filing highlights risks from supply chains, dealer financing dependence, litigation and product liability, cyber and data-privacy exposures, foreign trade and tariffs (with 18-20% of cost of sales sourced internationally), and possible future impairment or warranty costs.

Reporting person: Steven D. Menneto, identified as Director and Chief Executive Officer of Malibu Boats, Inc. (MBUU). The Form 4 reports a transaction dated 08/05/2025 with Transaction Code F and a price shown as $33.27. The document states that 29,051 shares of Class A Common Stock were withheld for tax withholding in connection with the vesting of restricted stock units granted on 08/05/2024. The table shows 10,474 shares marked as disposed and a post-transaction beneficial ownership of 55,513 shares.

Additional holdings and vesting: Footnotes state the beneficial ownership figure includes 29,376 RSUs vesting in two substantially equal annual installments beginning 08/05/2026 and 7,560 restricted stock shares vesting in four substantially equal annual installments beginning 11/06/2025, each subject to continued employment. The Form is signed by Steve D. Menneto via attorney-in-fact Brooke Zinter on 08/06/2025.

Malibu Boats (MBUU) reported a Form 4 filing disclosing insider trading activity for director Melanie K. Cook. On June 24, 2025, Cook received an equity award of 1,119 stock units in connection with her appointment to the board of directors.

Key details of the transaction:

• The stock units were granted at $0 cost and are fully vested
• Units are convertible to Class A Common Stock upon occurrence of a Payment Event
• Payment Events include: separation from service, change in control, or elected in-service distribution date
• Distribution options include lump-sum payment within 30 days or annual installments over 5 or 10 years

This grant aligns with the company's Director's Compensation Policy and represents Cook's beneficial ownership position following the transaction. The filing was signed by Brooke Zinter as attorney-in-fact.

Form 3 filing for Malibu Boats, Inc. (MBUU) discloses the initial beneficial ownership position of Melanie K. Cook, who was identified as a Director of the company as of 24 June 2025. The filing explicitly states that no securities are currently beneficially owned by the reporting person, either directly or indirectly. An executed Power of Attorney (Exhibit 24) authorizes Brooke Zinter to sign on her behalf. Because Form 3 is a statutory disclosure required under Section 16(a) of the Exchange Act, the document serves primarily to establish Cook’s baseline ownership position upon becoming an insider.

From an investment-analysis standpoint, the absence of share ownership indicates no immediate dilution, insider buying, or selling activity. It also suggests limited equity alignment at the outset of Cook’s board tenure. Overall, the filing is routine, does not include financial metrics, and carries minimal direct market impact.