secwatch.observer — SEC 8-K summary
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Issuer:     MasterCraft Boat Holdings, Inc. (MCFT)
CIK:        0001638290
Form:       8-K
Filed at:   2024-03-04T23:59:59+00:00
Accession:  0000950170-24-024373
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MasterCraft Boat Holdings appoints Brad Nelson as CEO, Brightbill to retire
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- Brad Nelson named CEO effective March 18, 2024; also joins the Board of Directors.
- Fred Brightbill retires as CEO March 18, 2024; steps down as Chairman June 30, 2024.
- Roch Lambert, Lead Independent Director, appointed Chairman effective July 1, 2024.
- Brightbill will serve as consultant through June 2025, receiving $725K base salary and continued equity vesting.
- Nelson receives $645K base salary, $1M sign-on restricted stock grant vesting over three years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1638290/000095017024024373/0000950170-24-024373-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1638290/000095017024024373/mcft-20240304.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-024373

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer