---
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"
generated_at: "2026-06-13T13:16:58.644945+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Malibu Boats settles Batchelder lawsuit for $100M, plans $75M borrowing from revolver

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001590976-23-000053
- JSON: https://secwatch.observer/filing/0001590976-23-000053.json
- Plain text: https://secwatch.observer/filing/0001590976-23-000053.txt

## Key facts
- Earnings Releases
  MALIBU BOATS, INC. reported fiscal year 2023 results: revenue net sales growth slightly over 10% year-over-year. Guidance reaffirmed.
  - Period: fiscal year 2023
  - Revenue: net sales growth slightly over 10% year-over-year
  - Guidance: reaffirmed
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1590976/000159097623000053/0001590976-23-000053-index.htm
- Material Agreements
  MALIBU BOATS, INC. entered into Confidential General Release and Settlement Agreement with Batchelder Plaintiffs valued at $100.0 million (effective 2023-06-30).
  - Action: entry
  - Agreement: settlement
  - Counterparty: Batchelder Plaintiffs
  - Value: $100.0 million
  - Effective: 2023-06-30
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1590976/000159097623000053/0001590976-23-000053-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.