---
schema_version: "secwatch.filing_event.v1"
accession: "0001590976-24-000055"
form_type: "8-K"
ticker: "MBUU"
cik: "0001590976"
company_name: "MALIBU BOATS, INC."
filed_at: "2024-07-22T23:59:59+00:00"
generated_at: "2026-05-31T18:32:10.244971+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001590976-24-000055
- form_type: 8-K
- ticker: MBUU
- cik: 0001590976
- company_name: MALIBU BOATS, INC.
- filed_at: 2024-07-22T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590976/000159097624000055/0001590976-24-000055-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590976/000159097624000055/mbuu-20240718.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001590976-24-000055
- JSON: https://secwatch.observer/filing/0001590976-24-000055.json
- Plain text: https://secwatch.observer/filing/0001590976-24-000055.txt

## Key facts
- Executive change
  Steven D. Menneto was appointed as Class II Director at MALIBU BOATS, INC..
  - Action: appointed
  - Role: Class II Director
  source text: appointed, effective as of the Effective Date, Mr. Menneto to the Board as a Class II director
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590976/000159097624000055/0001590976-24-000055-index.htm
- Executive change
  Michael K. Hooks changed role as Non-Executive Chair at MALIBU BOATS, INC..
  - Role: Non-Executive Chair
  source text: Mr. Hooks will remain as Chair of the Board, but in the capacity as a non-executive chair
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590976/000159097624000055/0001590976-24-000055-index.htm
- Executive change
  Steven D. Menneto was appointed as Chief Executive Officer at MALIBU BOATS, INC..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: appointed Mr. Steven D. Menneto as the Company's Chief Executive Officer, effective August 5, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590976/000159097624000055/0001590976-24-000055-index.htm

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