Malibu Boats Management

Management criteria checks 2/4

Malibu Boats' CEO is Jack Springer, appointed in Feb 2010, has a tenure of 14.17 years. total yearly compensation is $4.54M, comprised of 19.3% salary and 80.7% bonuses, including company stock and options. directly owns 0.8% of the company’s shares, worth €5.22M. The average tenure of the management team and the board of directors is 0.6 years and 10.2 years respectively.

Key information

Jack Springer

Chief executive officer

US$4.5m

Total compensation

CEO salary percentage	19.3%
CEO tenure	14.2yrs
CEO ownership	0.8%
Management average tenure	less than a year
Board average tenure	10.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jack Springer's remuneration changed compared to Malibu Boats's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	US$65m
Sep 30 2023	n/a	n/a	US$90m
Jun 30 2023	US$5m	US$875k	US$105m
Mar 31 2023	n/a	n/a	US$170m
Dec 31 2022	n/a	n/a	US$171m
Sep 30 2022	n/a	n/a	US$166m
Jun 30 2022	US$5m	US$829k	US$158m
Mar 31 2022	n/a	n/a	US$143m
Dec 31 2021	n/a	n/a	US$124m
Sep 30 2021	n/a	n/a	US$116m
Jun 30 2021	US$4m	US$755k	US$110m
Mar 31 2021	n/a	n/a	US$82m
Dec 31 2020	n/a	n/a	US$71m
Sep 30 2020	n/a	n/a	US$67m
Jun 30 2020	US$2m	US$720k	US$62m
Mar 31 2020	n/a	n/a	US$75m
Dec 31 2019	n/a	n/a	US$73m
Sep 30 2019	n/a	n/a	US$71m
Jun 30 2019	US$3m	US$659k	US$66m
Mar 31 2019	n/a	n/a	US$59m
Dec 31 2018	n/a	n/a	US$54m
Sep 30 2018	n/a	n/a	US$33m
Jun 30 2018	US$2m	US$536k	US$28m
Mar 31 2018	n/a	n/a	US$25m
Dec 31 2017	n/a	n/a	US$17m
Sep 30 2017	n/a	n/a	US$30m
Jun 30 2017	US$2m	US$476k	US$28m

Compensation vs Market: Jack's total compensation ($USD4.54M) is above average for companies of similar size in the German market ($USD1.29M).

Compensation vs Earnings: Jack's compensation has been consistent with company performance over the past year.

CEO

Jack Springer (62 yo)

14.2yrs

Tenure

US$4,535,792

Compensation

Mr. Jack D. Springer has been the Chief Executive Officer of Malibu Boats, Inc. since February 2010. Mr. Springer served as an Interim Chief Executive Officer at Malibu Boats, Inc. since May 2009. Mr. Spri...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Hooks	Executive Chairman	10.2yrs	US$216.99k	0.061% $ 398.1k
Jack Springer	CEO & Director	14.2yrs	US$4.54m	0.80% $ 5.2m
Ritchie Anderson	President	less than a year	US$1.68m	0.21% $ 1.3m
David Black	Vice President of Finance	no data	US$364.03k	0% $ 0
Bruce Beckman	Chief Financial Officer	less than a year	no data	no data
Keith Aulson	Chief Information Officer	1.3yrs	no data	no data
Matthew Googe	General Counsel	less than a year	no data	no data
Dave Cluka	Vice President of Sales	less than a year	no data	no data
Deborah Kent	Chief Human Resources Officer	10.6yrs	US$221.00k	no data
M. Turner	President of Cobalt Boats	2.3yrs	no data	no data
Christopher Gratz	Senior Vice President of Operations & Engineering of Pursuit Boats	less than a year	no data	no data
Matthew Saloom	President of Maverick Boat Group	less than a year	no data	no data

0.6yrs

Average Tenure

58.5yo

Average Age

Experienced Management: M05's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Hooks	Executive Chairman	10.2yrs	US$216.99k	0.061% $ 398.1k
Jack Springer	CEO & Director	10.2yrs	US$4.54m	0.80% $ 5.2m
Nancy Taylor	Director	less than a year	US$76.79k	0% $ 0
Peter Murphy	Independent Director	10.2yrs	US$181.99k	0.0034% $ 22.3k
Ivar Chhina	Independent Director	10.2yrs	US$196.99k	0% $ 0
John Stokely	Independent Director	10.2yrs	US$181.99k	0% $ 0
Mark Lanigan	Independent Director	10.2yrs	US$191.99k	0% $ 0
James Buch	Independent Director	10.2yrs	US$181.99k	0% $ 0
Michael Connolly	Independent Director	10.2yrs	US$189.99k	0% $ 0
Joan Lewis	Independent Director	4.8yrs	US$181.99k	0.050% $ 326.7k

10.2yrs

Average Tenure

61yo

Average Age

Experienced Board: M05's board of directors are seasoned and experienced ( 10.2 years average tenure).

Malibu Boats Management

Management criteria checks 2/4

Key information

Recent management updates

Executive Chairman recently bought €495k worth of stock

Malibu Boats, Inc. Announces Departure of Jack Springer as Chief Executive Officer

Malibu Boats, Inc. Announces Change of CFO, Effective November 27, 2023

Malibu Boats, Inc. Appoints Nancy Taylor as A Member of the Board

Chief Operating Officer recently sold €252k worth of stock

Insufficient new directors

Recent updates

Malibu Boats, Inc. to Report Q3, 2024 Results on May 02, 2024

Investor sentiment deteriorates as stock falls 18%

Tommy’s Boats Files A Federal Lawsuit Against Malibu Boats

Executive Chairman recently bought €495k worth of stock

Malibu Boats, Inc. Announces Departure of Jack Springer as Chief Executive Officer

Malibu Boats, Inc. Provides Earnings Guidance for the Year 2024

Second quarter 2024 earnings released: EPS: US$0.48 (vs US$1.72 in 2Q 2023)

Malibu Boats, Inc. to Report Q2, 2024 Results on Jan 30, 2024

Malibu Boats Introduces the All-New 2024 Malibu 21 Lx-R

Malibu Boats Introduces the All-New 2024 Malibu M242

Malibu Boats, Inc. Announces Change of CFO, Effective November 27, 2023

First quarter 2024 earnings released: EPS: US$0.98 (vs US$1.71 in 1Q 2023)

Malibu Boats, Inc. Provides Earnings Guidance for the Fiscal Full Year 2024

Malibu Boats, Inc. to Report Q1, 2024 Results on Oct 31, 2023

New minor risk - Earnings quality

Full year 2023 earnings released: EPS: US$5.10 (vs US$7.60 in FY 2022)

Malibu Boats, Inc. Provides Sales Guidance for the Full Year 2024

Malibu Boats, Inc. to Report Q4, 2023 Results on Aug 29, 2023

Malibu Boats, Inc. Announces Release of 2024 Malibu Boats(TM) Wakesetter 23 LSV

Malibu Boats, Inc. and Malibu Boats, LLC Enter into Confidential General Release and Settlement Agreement

Malibu Boats, Inc. Provides Sales Guidance for the Full Fiscal Year 2023

Malibu Boats, Inc. Appoints Nancy Taylor as A Member of the Board

Third quarter 2023 earnings released: EPS: US$2.53 (vs US$2.55 in 3Q 2022)

Chief Operating Officer recently sold €252k worth of stock

Malibu Boats, Inc. Provides Earnings Guidance for the Fiscal Full Year 2023

Second quarter 2023 earnings released: EPS: US$1.72 (vs US$1.43 in 2Q 2022)

Investor sentiment improves as stock rises 16%

Malibu Boats, Inc. to Report Q2, 2023 Results on Feb 07, 2023

Insufficient new directors

First quarter 2023 earnings released: EPS: US$1.71 (vs US$1.29 in 1Q 2022)

Malibu Boats, Inc. Provides Earnings Guidance for the Fiscal Full Year 2023

Malibu Boats, Inc. to Report Q1, 2023 Results on Nov 04, 2022

Malibu Boats, Inc., Annual General Meeting, Nov 03, 2022

Malibu Boats, Inc. Provides Earnings Guidance for the Full Fiscal Year 2023

Full year 2022 earnings released: EPS: US$7.60 (vs US$5.29 in FY 2021)

Malibu Boats, Inc. to Report Q4, 2022 Results on Aug 25, 2022

Malibu Boats, Inc. Introduces the All-New 2023 Axis A225 & T235

Malibu Boats, Inc. Provides Earning Guidance for the Full Year 2022

Third quarter 2022 earnings released: EPS: US$2.55 (vs US$1.63 in 3Q 2021)

Insufficient new directors

Second quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Malibu Boats, Inc. Provides Earnings Guidance for the Year 2022

Insufficient new directors

CEO & Director recently sold €1.9m worth of stock

First quarter 2022 earnings released: EPS US$1.29 (vs US$1.02 in 1Q 2021)

Malibu Boats, Inc. Provides Sales Guidance for the Full Fiscal Year 2022

Full year 2021 earnings released: EPS US$5.29 (vs US$2.98 in FY 2020)

Malibu Boats, Inc. Introducing the 2022 Malibu Wakesetter 21 LX

Malibu Boats, Inc.(NasdaqGM:MBUU) dropped from Russell Microcap Growth Index

Third quarter 2021 earnings released: EPS US$1.63 (vs US$1.10 in 3Q 2020)

Malibu Boats, Inc. Provides Earnings Guidance for the Year 2021

Investor sentiment improved over the past week

New 90-day high: €66.00

CEO & Director recently sold €2.6m worth of stock

Second quarter 2021 earnings released: EPS US$1.03 (vs US$0.81 in 2Q 2020)

Revenue beats expectations

New 90-day high: €64.50

Malibu Boats, Inc. to Report Q2, 2021 Results on Feb 09, 2021

Investor sentiment improved over the past week

New 90-day high: €55.50

New 90-day high: €52.00

Malibu Boats, Inc. to Report Q1, 2021 Results on Nov 06, 2020

Malibu Boats, Inc. Announces Not to Provide Full Year Guidance

Full year earnings released - EPS €3.00

Malibu Boats, Inc. to Report Q4, 2020 Results on Aug 27, 2020

New 90-day high - €50.50

CEO Compensation Analysis

CEO

Tenure