---
schema_version: "secwatch.filing_event.v1"
accession: "0001590976-24-000016"
form_type: "8-K"
ticker: "MBUU"
cik: "0001590976"
company_name: "MALIBU BOATS, INC."
filed_at: "2024-02-20T23:59:59+00:00"
generated_at: "2026-06-05T23:06:10.962418+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# CEO Jack Springer to depart by May 17; Anderson named President, Hooks Executive Chair

## Summary
- Springer to resign as CEO and Board member by May 17, 2024; will serve as consultant for up to 4 years with equity vesting.
- Ritchie Anderson promoted from COO to President; base salary raised to $650k, target bonus 90%, $4M RSU grant over 4 years.
- Michael Hooks appointed Executive Chair; receives $50k/month fee, $10k monthly discretionary bonus, $230k fully vested shares.
- FY2024 guidance reaffirmed: net sales decline mid-to-high 30% YoY, Adj. EBITDA margin down 800-900 bps YoY.
- Board initiates search for permanent CEO; interim Office of CEO comprised of Hooks and Anderson.

## SEC filing metadata
- accession: 0001590976-24-000016
- form_type: 8-K
- ticker: MBUU
- cik: 0001590976
- company_name: MALIBU BOATS, INC.
- filed_at: 2024-02-20T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590976/000159097624000016/0001590976-24-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590976/000159097624000016/mbuu-20240215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001590976-24-000016
- JSON: https://secwatch.observer/filing/0001590976-24-000016.json
- Plain text: https://secwatch.observer/filing/0001590976-24-000016.txt

## Key facts
- Executive change
  Michael Hooks was appointed as Executive Chair at MALIBU BOATS, INC..
  - Action: appointed
  - Role: Executive Chair
  source text: the Board appointed Mr. Michael Hooks to serve as Executive Chair of the Company and Mr. Ritchie Anderson to serve as President of the Company, in each case effective on February 20, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590976/000159097624000016/0001590976-24-000016-index.htm
- Executive change
  Mark Lanigan was appointed as Lead Director at MALIBU BOATS, INC..
  - Action: appointed
  - Role: Lead Director
  source text: the Board appointed Mr. Mark Lanigan as Lead Director, effective on February 20, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590976/000159097624000016/0001590976-24-000016-index.htm
- Executive change
  Jack Springer resigned as Chief Executive Officer at MALIBU BOATS, INC..
  - Action: resigned
  - Role: Chief Executive Officer
  source text: On February 15, 2024, Malibu Boats, Inc. (the “ Company ”) and Mr. Jack Springer mutually agreed that Mr. Springer will cease to serve as Chief Executive Officer, effective May 17, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590976/000159097624000016/0001590976-24-000016-index.htm
- Executive change
  Ritchie Anderson was appointed as President at MALIBU BOATS, INC..
  - Action: appointed
  - Role: President
  source text: the Board appointed Mr. Michael Hooks to serve as Executive Chair of the Company and Mr. Ritchie Anderson to serve as President of the Company, in each case effective on February 20, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590976/000159097624000016/0001590976-24-000016-index.htm

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