{"schema_version":"secwatch.filing_event.v1","accession":"0001590976-23-000053","form_type":"8-K","ticker":"MBUU","cik":"0001590976","company_name":"MALIBU BOATS, INC.","filed_at":"2023-07-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.465330+00:00","generated_at":"2026-06-13T13:16:58.644945+00:00","sec_items":["1.01","2.02","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Malibu Boats settles Batchelder lawsuit for $100M, plans $75M borrowing from revolver","bullets":["Settlement of Batchelder personal injury cases for $100.0M: $40M upfront, $60M escrowed pending court conditions.","FY2023 guidance reaffirmed: net sales growth slightly over 10% YoY, Adj. EBITDA margin down slightly YoY.","Full $100M charge expected in Q4 2023, excluded from Adj. EBITDA; settlement anticipated tax deductible.","Intends to borrow $75M under revolving credit facility (current rate ~6.64%); $273.4M remains available.","Filed suit against insurers Federal Insurance and Starr Indemnity for bad-faith failure to settle covered claims."],"urls":{"canonical":"https://secwatch.observer/filing/0001590976-23-000053","json":"https://secwatch.observer/filing/0001590976-23-000053.json","markdown":"https://secwatch.observer/filing/0001590976-23-000053.md","text":"https://secwatch.observer/filing/0001590976-23-000053.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1590976/000159097623000053/0001590976-23-000053-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1590976/000159097623000053/mbuu-20230630.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T13:16:58.644945+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7bec44c375bcc28962c3948ef74590014843f148","claim":"MALIBU BOATS, INC. reported fiscal year 2023 results: revenue net sales growth slightly over 10% year-over-year. Guidance reaffirmed.","evidence_excerpt":"its previously announced guidance for fiscal year 2023 net sales and Adjusted EBITDA margin. For fiscal year 2023, the Company anticipates net sales growth slightly over 10% year-over-year and Adjusted EBITDA margin down slightly year-over-year. The Company expects to incur the full $100.0 million related to the settlement of the Batchelder Matters","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1590976/000159097623000053/0001590976-23-000053-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year 2023"},{"label":"Revenue","value":"net sales growth slightly over 10% year-over-year"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"51cf16afccfdb0f4c241997bc733e63cfa0049a6","claim":"MALIBU BOATS, INC. entered into Confidential General Release and Settlement Agreement with Batchelder Plaintiffs valued at $100.0 million (effective 2023-06-30).","evidence_excerpt":"On June 30, 2023, the Company and Boats LLC entered into a Confidential General Release and Settlement Agreement (the “Settlement Agreement”), by and among each of the plaintiffs in the Batchelder I Matter (the “Batchelder I Plaintiffs”) and the plaintiffs in the Batchelder II Matter (“the Batchelder II Plaintiffs, and together with the Batchelder I Plaintiffs, the “Batchelder Plaintiffs”) in settlement of each of the Batchelder Matters.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1590976/000159097623000053/0001590976-23-000053-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"settlement"},{"label":"Counterparty","value":"Batchelder Plaintiffs"},{"label":"Value","value":"$100.0 million"},{"label":"Effective","value":"2023-06-30"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}