Companies MasterCraft Boat Holdings

MasterCraft Boat (MCFT): executive pay, fiscal 2025

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CEO total pay$2,701,502CEO Bradley Nelson · source

Say-on-pay support95.44%Latest vote · source

CEO vs. named peers45th pct.Of 13 peer CEOs

CEO pay ratio49:1To the median employee · source

CEO pay, last three years

$1,286,797FY2024
$2,701,502FY2025

CEO total pay was $2,701,502 in fiscal 2025, up from $1,286,797 in fiscal 2024.

FY2025: salary $645,000 · bonus $0 · stock awards $1,225,522 · option awards $0

Executives and directors

Bradley Nelson · CEO Timothy Oxley · Executive George Steinbarger · President, Pontoon Group Donald C. Campion · Independent Director Jaclyn Baumgarten · Independent Director Jennifer Deason · Independent Director Kamilah Mitchell-Thomas · Independent Director Peter G. Leemputte · Independent Director Roch Lambert · Chair of the Board W. Patrick Battle · Independent Director

Frequently asked questions

Who was the highest-paid executive at MasterCraft Boat Holdings in fiscal 2025?

As disclosed, Bradley Nelson (Chief Executive Officer and Director) was the highest-paid executive at MasterCraft Boat Holdings in fiscal 2025, with total compensation of $2,701,502.

How does MasterCraft Boat Holdings's chief executive pay compare to its disclosed peer group?

As disclosed, Bradley Nelson's total compensation ranked at the 45th percentile of MasterCraft Boat Holdings's disclosed peer group.

What is MasterCraft Boat Holdings's CEO-to-median employee pay ratio?

As disclosed, MasterCraft Boat Holdings's CEO-to-median employee pay ratio was 49:1.

How did shareholders vote on MasterCraft Boat Holdings's executive compensation?

As disclosed, 95.44% of shareholders supported MasterCraft Boat Holdings's executive compensation in the latest say-on-pay vote.

How much does MasterCraft Boat Holdings spend in total on board compensation for fiscal 2025?

As disclosed, MasterCraft Boat Holdings reported total board compensation of $1,378,711 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

Full detail

Every table from the filing. Open any section.

Summary compensation table

Named executive officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension / NQDC	All other	Total
Bradley Nelson	$645,000	$0	$1,225,522	$0	$709,500	$0	$121,480	$2,701,502
Chief Executive Officer and Director
Timothy Oxley	392,600	0	392,602	—	259,116	0	16,636	1,060,954
Former Chief Financial Officer, Treasurer and Secretary
George Steinbarger	225,500	0	183,224	0	0	0	113,995	522,719
Former President, Pontoon Group

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officer	FY2025 total	FY2024 total	FY2023 total	Δ FY2024→2025
Bradley Nelson	$2,701,502	$1,286,797	—	↑ +1,414,705
Timothy Oxley	1,060,954	840,078	893,733	↑ +220,876
George Steinbarger	522,719	845,799	505,819	↓ −323,080

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

The executive compensation program is designed to facilitate high performance and generate results that create value for the Company and its shareholders, with a strong emphasis on pay for performance, aligning executive interests with shareholders through equity, and attracting and retaining top talent.

CEO STI target (% of salary)	—
CEO LTI target (% of salary)	—
Independent consultant	WTW
Clawback policy	true
Anti-hedging	true
Anti-pledging	true

Equity grants and outstanding awards

No plan-based awards are on file for this fiscal year.

Outstanding equity awards at fiscal year-end 2025

Executive	Award	Shares unvested	Exercise price	Market value unvested
Timothy Oxley	RSU	3,031	—	$56,316
Timothy Oxley	RSU	7,465	—	138,700
Timothy Oxley	RSU	9,094	—	168,967
Timothy Oxley	RSU	11,198	—	208,059
Bradley Nelson	RSU	23,303	—	432,970
Bradley Nelson	RSU	30,331	—	563,550
Bradley Nelson	RSU	34,955	—	649,464

Director compensation

Director	Cash fees	Stock awards	Option awards	Non-equity incentive	All other	Total
Roch LambertIndependent · Board Chair · AUDIT · NCG · STRATEGY	$162,500	$130,000	—	—	$5,468	$297,968
Donald C. CampionIndependent · AUDIT · CHC	102,500	90,000	—	—	2,271	194,771
Peter G. LeemputteIndependent · AUDIT · CHC	97,500	90,000	—	—	1,597	189,097
W. Patrick BattleIndependent · NCG · STRATEGY	87,500	90,000	—	—	0	177,500
Jennifer DeasonIndependent · AUDIT · STRATEGY	85,000	90,000	—	—	0	175,000
Kamilah Mitchell-ThomasIndependent · CHC · NCG	82,500	90,000	—	—	654	173,154
Jaclyn BaumgartenIndependent · NCG · STRATEGY	80,000	90,000	—	—	1,221	171,221
Bradley M. NelsonEmployee director	—	—	—	—	—	0

Board fee structure and ownership guideline

Annual cash retainer	$70,000
Annual equity retainer	$90,000
Per board meeting fee	—
Committee chair fees (audit / comp / nom-gov)	15,000 / 10,000 / 7,500
Stock ownership guideline	$4

Total cost of the board

Component	FY2025
Cash retainers and fees	$697,500
Equity awards (grant-date value)	$670,000
All other compensation	$11,211
Total cost of the board	$1,378,711

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names MasterCraft Boat as a peer

Companies that benchmark against MCFT

3 companies name MCFT as a compensation peer

Each company listed discloses MCFT in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named MCFT in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

NPK National Presto Industries, Inc.RGR Sturm, Ruger & Company, Inc.MPX Marine Products CorporationMBUU Malibu Boats, Inc.JOUT Johnson Outdoors Inc.SWIM Latham Group, Inc.MPAA Motorcar Parts of America, Inc.FOXF Fox Factory Holding Corp.DTC Solo Brands, Inc.AOUT American Outdoor Brands, Inc.SWBI Smith & Wesson Brands, Inc.TWIN Twin Disc, Incorporated Clarus Corporation

Peer reciprocity

The companies MasterCraft Boat Holdings names as compensation peers that name it back in their own disclosed peer groups.

Malibu Boats, Inc. (MBUU)³⁰Latham Group, Inc. (SWIM)³¹Smith & Wesson Brands, Inc. (SWBI)³²

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.

Rank	Company	FY	Chief executive	Salary	Stock awards	Option awards	Non-equity incentive	Total
1	Fox Factory Holding Corp.	2025	Michael Dennison	$1,029,192	$6,687,528	$0	$0	$8,234,801
2	Motorcar Parts of America, Inc.	2026	Selwyn Joffe	831,588	3,140,529	0	782,496	4,840,825
3	Smith & Wesson Brands, Inc.	2026	Mark Smith	850,000	2,574,305	0	1,035,549	4,671,940
4	Malibu Boats, Inc.	2026	Steven Menneto	920,000	2,610,914	0	1,012,000	4,557,820
5	Sturm, Ruger & Company, Inc.	2025	Todd Seyfert	625,000	3,099,795	0	15,948	4,270,103
6	Johnson Outdoors Inc.	2025	Helen Johnson-Leipold	924,419	1,150,000	0	458,315	2,767,128
7	MasterCraft Boat Holdings	2025	Bradley Nelson	645,000	1,225,522	0	709,500	2,701,502
8	Twin Disc, Incorporated	2026	John Batten	712,071	1,002,767	0	440,060	2,345,850
9	Marine Products Corporation	2025	Ben Palmer	463,500	1,046,259	0	361,656	1,871,415
10	Latham Group, Inc.	2025	Scott Rajeski	500,000	896,503	0	438,000	1,844,715
11	American Outdoor Brands, Inc.	2026	Brian Murphy	642,735	993,792	0	161,958	1,843,433
12	National Presto Industries, Inc.	2025	Maryjo Cohen	630,001	98,166	—	—	754,299
—	Solo Brands, Inc.	—	—	—	—	—	—	not in coverage universe

Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Incentive design against the same peers

Company	Annual incentive payout	Long-term vehicle mix	PSU measures include TSR	Compensation consultant
MasterCraft Boat Holdings	not disclosed	RSA 50 · PSU 50	not disclosed	WTW
American Outdoor Brands, Inc.	not disclosed	RSU 50 · PSU 50	not disclosed	Compensia, Inc.
Fox Factory Holding Corp.	not disclosed	RSU 50 · PSU 50	not disclosed	Pay Governance
Johnson Outdoors Inc.	not disclosed	PRSU 100	not disclosed	Pearl Meyer
Latham Group, Inc.	not disclosed	not disclosed	not disclosed	Pearl Meyer
Malibu Boats, Inc.	100%	PSU 60 · RSU 40	Yes — Relative TSR	Exequity
Marine Products Corporation	not disclosed	RSA 75 · PSU 25	not disclosed	Mercer, LLC
Motorcar Parts of America, Inc.	not disclosed	RSU 50 · PSU 50	not disclosed	Willis Towers Watson
National Presto Industries, Inc.	not disclosed	Restricted Stock 100	not disclosed	not disclosed
Smith & Wesson Brands, Inc.	121.8%	RSU 50 · PSU 50	Yes — rTSR (relative Total Stockholder Return vs Russell 2000 Index)	Compensia, Inc.
Solo Brands, Inc.	not disclosed	not disclosed	not disclosed	not disclosed
Sturm, Ruger & Company, Inc.	not disclosed	PRSU 50 · RSU 50	No	not disclosed
Twin Disc, Incorporated	not disclosed	not disclosed	not disclosed	Pay Governance, LLC

Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.

Say-on-pay history and pay ratio

Meeting year	Meeting date	For	Against	Abstain	Support	Outcome
2025	2025-10-28	12,842,607	614,197	16,431	95.44%	Passed
2024	2024-10-22	13,657,823	423,730	8,705	96.99%	Passed
2023	2023-10-17	14,105,166	133,243	5,420	99.06%	Passed
2022	2022-10-25	14,535,004	324,419	3,278	97.82%	Passed
2021	2021-10-19	14,474,094	251,233	4,344	98.29%	Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.

Say-on-pay — history, company’s computation

Meeting year	Meeting date	Approval — company’s computation
2025	2025-10-28	95.44%^a
2024	2024-10-22	96.99%^b
2023	2023-10-17	99.06%^c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

CEO pay ratio

Ratio (CEO : median employee)	49 : 1
CEO total compensation	$2,701,502
Median employee compensation	$55,078

Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (32 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

Section 01, Bradley Nelson. DEF 14A, filed 2025-09-15. Section “Executive Compensation”. As printed: 2,701,502. View filing ↗
Section 01, Timothy Oxley. DEF 14A, filed 2025-09-15. Section “Executive Compensation”. As printed: 1,060,954. View filing ↗
Section 01, George Steinbarger. DEF 14A, filed 2025-09-15. Section “Executive Compensation”. As printed: 522,719. View filing ↗
Section 07, pay ratio. DEF 14A, filed 2025-09-15. Section “CEO Pay Ratio”. As printed: 49 : 1. View filing ↗
Section 08, Roch Lambert. DEF 14A, filed 2025-09-15. Section “Director Compensation”. As printed: 297,968. View filing ↗
Section 08, Donald C. Campion. DEF 14A, filed 2025-09-15. Section “Director Compensation”. As printed: 194,771. View filing ↗
Section 08, Peter G. Leemputte. DEF 14A, filed 2025-09-15. Section “Director Compensation”. As printed: 189,097. View filing ↗
Section 08, W. Patrick Battle. DEF 14A, filed 2025-09-15. Section “Director Compensation”. As printed: 177,500. View filing ↗
Section 08, Jennifer Deason. DEF 14A, filed 2025-09-15. Section “Director Compensation”. As printed: 175,000. View filing ↗
Section 08, Kamilah Mitchell-Thomas. DEF 14A, filed 2025-09-15. Section “Director Compensation”. As printed: 173,154. View filing ↗
Section 08, Jaclyn Baumgarten. DEF 14A, filed 2025-09-15. Section “Director Compensation”. As printed: 171,221. View filing ↗
Section 08, Bradley M. Nelson. DEF 14A, filed 2025-09-15. Section “Director Compensation”. As printed: 0. View filing ↗
Section 06, 2025 vote. Form 8-K, filed 2025-10-29. Item 5.07 · say-on-pay result. As reported: 95.44% (votes for as printed: 12,842,607). View filing ↗
Section 06, 2024 vote. Form 8-K, filed 2024-10-23. Item 5.07 · say-on-pay result. As reported: 96.99% (votes for as printed: 13,657,823). View filing ↗
Section 06, 2023 vote. Form 8-K, filed 2023-10-17. Item 5.07 · say-on-pay result. As reported: 99.06% (votes for as printed: 14,105,166). View filing ↗
Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
Section 09b board cost (computed). Computed. Cash 697,500 + equity 670,000 + all other 11,211 = 1,378,711, summed across the director compensation table rows.
Fox Factory Holding Corp., Section 10b CEO total. DEF 14A, filed 2026-03-25. CEO total compensation as printed in Fox Factory Holding Corp.'s own proxy. As printed: 8,234,801. View filing ↗
Motorcar Parts of America, Inc., Section 10b CEO total. DEF 14A, filed 2026-07-29. CEO total compensation as printed in Motorcar Parts of America, Inc.'s own proxy. As printed: 4,840,825. View filing ↗
Smith & Wesson Brands, Inc., Section 10b CEO total. DEF 14A, filed 2026-08-06. CEO total compensation as printed in Smith & Wesson Brands, Inc.'s own proxy. As printed: 4,671,940. View filing ↗
Malibu Boats, Inc., Section 10b CEO total. DEF 14A, filed 2026-09-21. CEO total compensation as printed in Malibu Boats, Inc.'s own proxy. As printed: 4,557,820. View filing ↗
Sturm, Ruger & Company, Inc., Section 10b CEO total. DEFR 14A, filed 2026-05-04. CEO total compensation as printed in Sturm, Ruger & Company, Inc.'s own proxy. As printed: 4,270,103. View filing ↗
Johnson Outdoors Inc., Section 10b CEO total. DEF 14A, filed 2026-01-09. CEO total compensation as printed in Johnson Outdoors Inc.'s own proxy. As printed: 2,767,128. View filing ↗
MasterCraft Boat Holdings (subject), Section 10b CEO total. DEF 14A, filed 2025-09-15. CEO total compensation as printed in MasterCraft Boat Holdings's own proxy. As printed: 2,701,502. View filing ↗
Twin Disc, Incorporated, Section 10b CEO total. DEF 14A, filed 2026-09-14. CEO total compensation as printed in Twin Disc, Incorporated's own proxy. As printed: 2,345,850. View filing ↗
Marine Products Corporation, Section 10b CEO total. 10-K/A, filed 2026-04-29. CEO total compensation as printed in Marine Products Corporation's own proxy. As printed: 1,871,415. View filing ↗
Latham Group, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-20. CEO total compensation as printed in Latham Group, Inc.'s own proxy. As printed: 1,844,715. View filing ↗
American Outdoor Brands, Inc., Section 10b CEO total. DEF 14A, filed 2026-08-14. CEO total compensation as printed in American Outdoor Brands, Inc.'s own proxy. As printed: 1,843,433. View filing ↗
National Presto Industries, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-14. CEO total compensation as printed in National Presto Industries, Inc.'s own proxy. As printed: 754,299. View filing ↗
Section 10a, Malibu Boats, Inc. reciprocity. DEF 14A. Malibu Boats, Inc. names MasterCraft Boat Holdings in its own disclosed peer group (read from its most recent proxy). View filing ↗
Section 10a, Latham Group, Inc. reciprocity. DEF 14A. Latham Group, Inc. names MasterCraft Boat Holdings in its own disclosed peer group (read from its most recent proxy). View filing ↗
Section 10a, Smith & Wesson Brands, Inc. reciprocity. DEF 14A. Smith & Wesson Brands, Inc. names MasterCraft Boat Holdings in its own disclosed peer group (read from its most recent proxy). View filing ↗