Malibu Boats names Polaris' Steven Menneto CEO; base salary $920k, equity grants

MALIBU BOATS, INC.

Steven Menneto named CEO effective Aug 5, 2024; also joins Board as Class II director.
Previously President of Polaris Off-Road Div. (revenue doubled to $7B) and Motorcycle Div. (Indian from $3M to $500M revenue).
Compensation: $920k base salary, FY2025 cash bonus $506k (55% of base); target bonus from FY2026 at 110% base.
Equity: 14,363 Bonus RSUs (1-yr cliff), 44,064 Sign-On RSUs (3-yr ratable); future LTIP grants $800k (Nov 2024) & $2.7M target (Nov 2025).
Office of the CEO dissolved; Hooks remains non-executive chair, Anderson stays as President.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Steven D. Menneto

Class II Director

MBUU · MALIBU BOATS, INC.

Effective: 2024-08-05
Filed: July 22, 2024, 7:59 PM ET

appointed, effective as of the Effective Date, Mr. Menneto to the Board as a Class II director

Role change

Michael K. Hooks

Non-Executive Chair

MBUU · MALIBU BOATS, INC.

Effective: 2024-08-05
Filed: July 22, 2024, 7:59 PM ET

Mr. Hooks will remain as Chair of the Board, but in the capacity as a non-executive chair

Appointed

Steven D. Menneto

Chief Executive Officer

MBUU · MALIBU BOATS, INC.

Effective: 2024-08-05
Filed: July 22, 2024, 7:59 PM ET

appointed Mr. Steven D. Menneto as the Company's Chief Executive Officer, effective August 5, 2024

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Steven D. Menneto was appointed as Class II Director at MALIBU BOATS, INC..

Action: appointed
Role: Class II Director

Exact text from the filing

appointed, effective as of the Effective Date, Mr. Menneto to the Board as a Class II director

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael K. Hooks changed role as Non-Executive Chair at MALIBU BOATS, INC..

Role: Non-Executive Chair

Exact text from the filing

Mr. Hooks will remain as Chair of the Board, but in the capacity as a non-executive chair

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Steven D. Menneto was appointed as Chief Executive Officer at MALIBU BOATS, INC..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

appointed Mr. Steven D. Menneto as the Company's Chief Executive Officer, effective August 5, 2024

View on SEC.gov

MALIBU BOATS, INC. filing history →

Source: SEC EDGAR

accession 0001590976-24-000055

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