Malibu Boats (NASDAQ: MBUU) trims board as Connolly departs
Rhea-AI Filing Summary
Malibu Boats, Inc. (MBUU) reports a planned board change. On August 18, 2026, director Michael J. Connolly informed the board that he will not stand for re-election at the company’s 2026 annual meeting of stockholders and will serve until his current term expires at that meeting.
The company states that Mr. Connolly’s decision is not due to any disagreement regarding operations, policies, or practices. On August 20, 2026, the board acted under Section 3.02 of the company’s Bylaws to reduce the board size from nine to eight directors, effective upon the expiration of Mr. Connolly’s term at the 2026 annual meeting.
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Board size before change: 9 directors
Board size after change: 8 directors
Notification date: August 18, 2026
+2 more
5 metrics
Board size before change
9 directors
Number of Malibu Boats directors before the August 20, 2026 board action
Board size after change
8 directors
Number of Malibu Boats directors effective upon expiration of Michael J. Connolly’s term at the 2026 Annual Meeting
Notification date
August 18, 2026
Date Michael J. Connolly notified the board he would not stand for re-election
Board action date
August 20, 2026
Date the board voted to reduce its size from nine to eight directors
Report signature date
August 24, 2026
Date Steven D. Menneto signed the report as President and Chief Executive Officer
Key Terms
Nasdaq Global Select Market, Bylaws, Section 12(b) of the Act, I.R.S. Employer Identification No.
4 terms
Nasdaq Global Select Market market
"Class A Common Stock, par value $0.01 | MBUU | Nasdaq Global Select Market"
A Nasdaq Global Select Market listing is the highest tier of stocks on the Nasdaq exchange, reserved for companies that meet the strictest financial, reporting and governance standards. For investors, it acts like a premium quality label—signaling larger, more transparent and better-governed companies that tend to offer greater liquidity and lower perceived risk compared with lower-tier listings, making it easier to buy, sell and evaluate shares.
Bylaws regulatory
"pursuant to Section 3.02 of the Company’s Bylaws, the Board decreased"
Corporate bylaws are a company's internal rulebook that explains how the business is run day to day — who makes decisions, how directors and officers are chosen, how shareholder meetings are conducted, and procedures for changes or conflicts. For investors, bylaws matter because they shape governance and control, influence how quickly and easily leadership or strategy can change, and can protect or limit shareholder rights much like house rules affect how a household operates.
Section 12(b) of the Act regulatory
"Securities registered pursuant to Section 12(b) of the Act"
I.R.S. Employer Identification No. regulatory
"(I.R.S. Employer Identification No.)"
FAQ
What board change did Malibu Boats, Inc. (MBUU) announce?
Malibu Boats, Inc. disclosed that director Michael J. Connolly will not stand for re-election at the 2026 annual meeting. The board also approved a reduction in its size from nine to eight directors, effective when Mr. Connolly’s term expires at that meeting.
When will Michael J. Connolly leave the Malibu Boats (MBUU) board?
Michael J. Connolly will continue serving on the Malibu Boats board until the company’s 2026 annual meeting of stockholders, when his current term expires and he will not stand for re-election.
Did Michael J. Connolly resign over a disagreement with Malibu Boats (MBUU)?
No. Malibu Boats states that Mr. Connolly’s decision was not the result of a disagreement with the company on any matter relating to its operations, policies, or practices.
How is the Malibu Boats (MBUU) board size changing?
On August 20, 2026, the board approved a change under Section 3.02 of the Bylaws to reduce the number of directors from nine to eight, effective upon the expiration of Michael J. Connolly’s term at the 2026 annual meeting.
What exchange lists Malibu Boats, Inc. (MBUU) Class A common stock?
Malibu Boats, Inc.’s Class A Common Stock, par value $0.01, trades under the symbol MBUU on the Nasdaq Global Select Market.
Who signed the August 2026 current report for Malibu Boats (MBUU)?
The report was signed on August 24, 2026 by Steven D. Menneto, who is identified as the company’s President and Chief Executive Officer.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): August 18, 2026
(Exact Name of Registrant as specified in its charter)
Commission file number: 001-36290
| (State or other jurisdiction of incorporation or organization) | (Address of principal executive offices, including zip code) | (I.R.S. Employer Identification No.) | |||||||||||||||||||||
| (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 | ||||||
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 August 18, 2026, Michael J. Connolly notified the board of directors (the “Board”) of Malibu Boats, Inc., a Delaware corporation (the “Company”), that he does not intend to stand for re-election at the Company’s 2026 annual meeting of stockholders (the “2026 Annual Meeting”). Mr. Connolly will continue to serve on the Board until the 2026 Annual Meeting, when his current term expires. Mr. Connolly’s decision to not stand for re-election was not the result of a disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
On August 20, 2026, pursuant to Section 3.02 of the Company’s Bylaws, the Board decreased the number of directors that constitute the entire Board from nine to eight directors, effective upon the expiration of Mr. Connolly’s term at the 2026 Annual Meeting.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
MALIBU BOATS, INC. | |||||||||||||||||
| By: | /s/ Steven D. Menneto | ||||||||||||||||
| Date: August 24, 2026 | Steven D. Menneto | ||||||||||||||||
| President and Chief Executive Officer | |||||||||||||||||