Stockholders approve 2024 equity plan with 1.02M new shares; bylaws amended

MALIBU BOATS, INC.

Stockholders approved 2024 Performance Incentive Plan, authorizing up to 1,020,000 new shares plus forfeitures from prior plan.
Amended bylaws: removed certain disclosure requirements for stockholder proponents; reserved white proxy cards for Board use.
Elected James R. Buch, Steven D. Menneto, and Peter E. Murphy as Class II directors for terms expiring at 2027 annual meeting.
Ratified KPMG LLP as independent auditor for fiscal year ending June 30, 2025.
Advisory vote on named executive officer compensation received 97.8% of votes cast in favor.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

MALIBU BOATS, INC.: Amended and restated bylaws to revise advance notice provisions for stockholder proposals and director nominations, and to require proxy card color distinction (effective 2024-10-23).

Change: bylaw amendment
Effective: 2024-10-23

Exact text from the filing

On October 23, 2024, the Board of Directors (the “ Board ”) of the Company approved and adopted an amendment and restatement of the Company’s bylaws (as so amended, the “ Bylaws ”), which became effective immediately upon approval. The amendment and restatement revise the advance notice provisions of the bylaws to remove or clarify certain informational and other requirements for stockholder proponents and director nominees, including removing the requirement to disclose compensatory and other monetary agreements with persons acting in concert with the stockholder proponent. The Bylaws also provide that any stockholder soliciting proxies from other stockholders must use a proxy card color other than white, with the white proxy card being reserved for the exclusive use by the Board of Directors.

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MALIBU BOATS, INC. filing history →

Source: SEC EDGAR

accession 0001590976-24-000095

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