Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-08-06

Malibu Boats (MBUU)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$4,206,701
Steven Menneto total, FY2025
36th
CEO pay percentile vs peers
CEO-to-median pay ratio
97.33%
Say-on-pay support, latest vote
Companies that benchmark against MBUU
3 companies name MBUU as a compensation peer

Each company listed discloses MBUU 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 MBUU in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Steven Menneto$813,846$506,000$2,886,855$0$0$0$0$4,206,701
President and Chief Executive Officer
Ritchie Anderson391,32501,049,488000472,6151,913,428
Former President and Former Member of Office of CEO
Bruce Beckman478,462100,000550,9670004,2651,133,694
Chief Financial Officer
Michael Hooks56,45211,2900000067,742
Former Executive Chair and Former Member of Office of CEO

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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Steven Menneto$4,206,701
Ritchie Anderson1,913,4285,503,9021,681,237−3,590,474
Bruce Beckman1,133,6941,142,266−8,572
Michael Hooks67,742490,679−422,937

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

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Steven MennetoRSU2024-11-047,560$320,015
Ritchie AndersonPSU2024-11-047,08710,630299,993
Ritchie AndersonPSU2024-11-043,5437,08714,174373,478
Ritchie AndersonRSU2024-11-049,450400,019
Bruce BeckmanRSU2024-11-044,961209,999
Bruce BeckmanPSU2024-11-041,8603,7217,442196,073
Bruce BeckmanPSU2024-11-043,7215,581157,510
Steven MennetoPSU2024-11-042,8345,66911,338298,723
Steven MennetoRSU2024-08-0558,4272,047,282
Steven MennetoPSU2024-11-045,6708,505240,011
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Steven Menneto$2,367,297$538,734$018.5%
Ritchie Anderson400,019673,471062.7%
Bruce Beckman209,999353,583062.7%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Steven MennetoRSU44,064$1,380,966
Steven MennetoRSU14,363450,136
Steven MennetoPSU11,338355,333
Steven MennetoPSU8,505266,547
Steven MennetoRSU7,560236,930
Bruce BeckmanPSU7,442233,232
Bruce BeckmanRSU4,598144,101
Bruce BeckmanPSU5,581174,909
Bruce BeckmanRSU4,961155,478
Bruce BeckmanRSU3,623113,545
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company's compensation program is designed to incentivize executive officers to create long-term stockholder value, align their interests with stockholders, and attract and retain quality talent. The program emphasizes a balanced mix of base salary, annual cash incentives, and long-term equity awards, with a strong focus on performance-based equity to reward the creation of long-term value and require forfeiture if such value is not created.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantExequity
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-10-2416,795,645460,5946,41097.33%Passed
20242024-10-2317,085,646378,31122,32197.83%Passed
20232023-10-2618,031,092266,01820,86198.55%Passed
20222022-11-0317,702,64597,55613,38599.45%Passed
20212021-11-0317,985,812167,90513,74799.08%Passed
20202020-11-0317,762,22692,17711,77499.48%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 yearMeeting dateApproval — company's computation
20252025-10-2497.33%a
20242024-10-2397.83%b
20232023-10-2698.55%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.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Michael K. HooksIndependent · Board Chair · Nominating and Governance$106,830$109,969$216,799
Ivar S. ChhinaIndependent · Audit (Chair) · Nominating and Governance87,000109,969196,969
Mark W. LaniganIndependent · Lead Independent Director · Compensation (Chair) · Nominating and Governance82,000109,969191,969
Michael J. ConnollyIndependent · Compensation · Nominating and Governance (Chair)80,000109,969189,969
John E. StokelyIndependent · Audit · Nominating and Governance · Not standing for re-election72,000109,969181,969
Nancy M. TaylorIndependent · Audit · Nominating and Governance72,000109,969181,969
Peter E. MurphyIndependent · Compensation · Nominating and Governance72,000109,969181,969
James R. BuchIndependent · Audit · Nominating and Governance72,000109,969181,969
Melanie K. CookIndependent · Audit · Nominating and Governance · Newly elected1,38136,65838,039
Joan M. LewisIndependent22,685022,685
09

Board fee structure and ownership guideline

Annual cash retainer$65,000
Annual equity retainer$110,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)15,000 / 15,000 / 10,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$667,896
Equity awards (grant-date value)$916,410
All other compensation$0
Total cost of the board$1,584,306

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

10

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.

10a

Peer reciprocity

Of the companies Malibu Boats names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Malibu Boats.

10b

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.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Callaway Golf Company2025Oliver Brewer III$1,100,000$9,517,219$0$3,300,000$13,970,138
2Acushnet Holdings Corp.2025David Maher1,170,0006,500,07201,501,22710,635,556
3Fox Factory Holding Corp.2025Michael Dennison1,029,1926,687,528008,234,801
4YETI Holdings, Inc.2025Matthew Reintjes1,057,3085,500,18701,126,0337,697,528
5Dorman Products, Inc.2025Kevin Olsen970,1924,206,02401,522,9506,745,783
6Smith & Wesson Brands2026Mark Smith850,0002,574,30501,035,5494,671,940
7OneWater Marine Inc.2025Anthony Aisquith800,0002,520,04001,180,0004,545,986
8Malibu Boats2025Steven Menneto813,8462,886,855004,206,701
9Sturm, Ruger & Company, Inc.2024Christopher Killoy825,0002,062,6000532,7293,458,903
10Helios Technologies2025Sean Bagan713,461692,972705,015987,0003,383,351
11Johnson Outdoors Inc.2025Helen Johnson-Leipold924,4191,150,0000458,3152,767,128
12MasterCraft Boat Holdings, Inc.2025Bradley Nelson645,0001,225,5220709,5002,701,502
13Universal Electronics Inc.2025Richard Carnifax394,125630,851231,00001,261,190
Winnebago Industries, Inc.not in coverage universe
Lifetime Brands, Inc.not in coverage universe
Marine Products Corporationnot in coverage universe
Vista Outdoor 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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Malibu Boatsnot disclosedPRSU 60 · RSU 40not disclosedExequity
Acushnet Holdings Corp.not disclosedPSU 60 · RSU 40not disclosedPearl Meyer
Callaway Golf Companynot disclosedPRSU 55 · RSU 45not disclosedMercer, LLC
Dorman Products, Inc.142%RSU 50 · PSU 50NoMeridian Compensation Partners, LLC
Fox Factory Holding Corp.not disclosedRSU 50 · PSU 50not disclosedPay Governance
Helios Technologies140%RSU 50 · Options 50NoMercer
Johnson Outdoors Inc.not disclosednot disclosednot disclosedPearl Meyer
Lifetime Brands, Inc.not disclosednot disclosednot disclosednot disclosed
Marine Products Corporationnot disclosednot disclosednot disclosednot disclosed
MasterCraft Boat Holdings, Inc.not disclosedRSA 50 · PSU 50not disclosedWTW
OneWater Marine Inc.not disclosednot disclosednot disclosedAon
Smith & Wesson Brands121.8%RSU 50 · PSU 50Yes — rTSR (relative Total Stockholder Return vs Russell 2000 Index)Compensia, Inc.
Sturm, Ruger & Company, Inc.not disclosedPSU 50 · RSU 50Yes — Total Shareholder Return (TSR)not disclosed
Universal Electronics Inc.not disclosedPSU 75 · Options 25NoPay Governance LLC
Vista Outdoor Inc.not disclosednot disclosednot disclosednot disclosed
Winnebago Industries, Inc.not disclosednot disclosednot disclosednot disclosed
YETI Holdings, Inc.71.0%PBRSU 75 · RSU 25Yes — Relative Total Stockholder Return (TSR)FW Cook

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.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Steven MennetoDEF 14A2025-09-110001590976-25-000094Section “Summary Compensation Table” · page 38. As printed: 4,206,701. Filing ↗machine: r3 · c27 · span 537025–537034
2Section 01, Ritchie AndersonDEF 14A2025-09-110001590976-25-000094Section “Summary Compensation Table” · page 38. As printed: 1,913,428. Filing ↗machine: r4 · c27 · span 540505–540514
3Section 01, Bruce BeckmanDEF 14A2025-09-110001590976-25-000094Section “Summary Compensation Table” · page 38. As printed: 1,133,694. Filing ↗machine: r7 · c27 · span 549335–549344
4Section 01, Michael HooksDEF 14A2025-09-110001590976-25-000094Section “Summary Compensation Table” · page 38. As printed: 67,742. Filing ↗machine: r9 · c27 · span 555470–555476
5Section 03, Steven Menneto RSUDEF 14A2025-09-110001590976-25-000094Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 588913–588920
6Section 03, Ritchie Anderson PSUDEF 14A2025-09-110001590976-25-000094Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
7Section 03, Ritchie Anderson PSUDEF 14A2025-09-110001590976-25-000094Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 608053–608060
8Section 03, Ritchie Anderson RSUDEF 14A2025-09-110001590976-25-000094Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 604571–604578
9Section 03, Bruce Beckman RSUDEF 14A2025-09-110001590976-25-000094Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 620582–620589
10Section 03, Bruce Beckman PSUDEF 14A2025-09-110001590976-25-000094Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 624063–624070
11Section 03, Bruce Beckman PSUDEF 14A2025-09-110001590976-25-000094Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
12Section 03, Steven Menneto PSUDEF 14A2025-09-110001590976-25-000094Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 592395–592402
13Section 03, Steven Menneto RSUDEF 14A2025-09-110001590976-25-000094Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 587162–587171
14Section 03, Steven Menneto PSUDEF 14A2025-09-110001590976-25-000094Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
15Section 08, Michael K. HooksDEF 14A2025-09-110001590976-25-000094Section “Director Compensation”. As printed: 216,799. Filing ↗machine: span 371075–371082
16Section 08, Ivar S. ChhinaDEF 14A2025-09-110001590976-25-000094Section “Director Compensation”. As printed: 196,969. Filing ↗machine: span 374052–374059
17Section 08, Mark W. LaniganDEF 14A2025-09-110001590976-25-000094Section “Director Compensation”. As printed: 191,969. Filing ↗machine: span 378994–379001
18Section 08, Michael J. ConnollyDEF 14A2025-09-110001590976-25-000094Section “Director Compensation”. As printed: 189,969. Filing ↗machine: span 375796–375803
19Section 08, John E. StokelyDEF 14A2025-09-110001590976-25-000094Section “Director Compensation”. As printed: 181,969. Filing ↗machine: span 383374–383381
20Section 08, Nancy M. TaylorDEF 14A2025-09-110001590976-25-000094Section “Director Compensation”. As printed: 181,969. Filing ↗machine: span 385059–385066
21Section 08, Peter E. MurphyDEF 14A2025-09-110001590976-25-000094Section “Director Compensation”. As printed: 181,969. Filing ↗machine: span 381913–381920
22Section 08, James R. BuchDEF 14A2025-09-110001590976-25-000094Section “Director Compensation”. As printed: 181,969. Filing ↗machine: span 372592–372599
23Section 08, Melanie K. CookDEF 14A2025-09-110001590976-25-000094Section “Director Compensation”. As printed: 38,039. Filing ↗machine: span 377255–377261
24Section 08, Joan M. LewisDEF 14A2025-09-110001590976-25-000094Section “Director Compensation”. As printed: 22,685. Filing ↗machine: span 379684–379690
25Section 06, 2025 voteForm 8-K2025-10-270001590976-25-000106Item 5.07 · say-on-pay result. As reported: 97.33% (votes for as printed: 16,795,645). Filing ↗
26Section 06, 2024 voteForm 8-K2024-10-280001590976-24-000095Item 5.07 · say-on-pay result. As reported: 97.83% (votes for as printed: 17,085,646). Filing ↗
27Section 06, 2023 voteForm 8-K2023-10-310001590976-23-000116Item 5.07 · say-on-pay result. As reported: 98.55% (votes for as printed: 18,031,092). Filing ↗
28Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
29Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
30Section 09b board cost (computed)ComputedcomputedCash 667,896 + equity 916,410 + all other 0 = 1,584,306, summed across the director compensation table rows.machine: formula: Σ = 1,584,306
31Callaway Golf Company, Section 10b CEO totalDEF 14A2026-04-080000837465-26-000013CEO total compensation as printed in Callaway Golf Company's own proxy. As printed: 13,970,138. Filing ↗machine: span 747968–747978
32Acushnet Holdings Corp., Section 10b CEO totalDEF 14A2026-04-170001672013-26-000106CEO total compensation as printed in Acushnet Holdings Corp.'s own proxy. As printed: 10,635,556. Filing ↗machine: span 960915–960925
33Fox Factory Holding Corp., Section 10b CEO totalDEF 14A2026-03-250001424929-26-000018CEO total compensation as printed in Fox Factory Holding Corp.'s own proxy. As printed: 8,234,801. Filing ↗
34YETI Holdings, Inc., Section 10b CEO totalDEF 14A2026-03-260001140361-26-011375CEO total compensation as printed in YETI Holdings, Inc.'s own proxy. As printed: 7,697,528. Filing ↗machine: r2 · c22 · span 1046975–1046984
35Dorman Products, Inc., Section 10b CEO totalDEF 14A2026-04-060001140361-26-013339CEO total compensation as printed in Dorman Products, Inc.'s own proxy. As printed: 6,745,783. Filing ↗machine: r2 · c25 · span 1163874–1163883
36Smith & Wesson Brands, Section 10b CEO totalDEF 14A2026-08-060001193125-26-338441CEO total compensation as printed in Smith & Wesson Brands's own proxy. As printed: 4,671,940. Filing ↗machine: span 959224–959233
37OneWater Marine Inc., Section 10b CEO totalDEF 14A2026-01-090001772921-26-000010CEO total compensation as printed in OneWater Marine Inc.'s own proxy. As printed: 4,545,986. Filing ↗machine: span 272162–272171
38Malibu Boats (subject), Section 10b CEO totalDEF 14A2025-09-110001590976-25-000094CEO total compensation as printed in Malibu Boats's own proxy. As printed: 4,206,701. Filing ↗machine: r3 · c27 · span 537025–537034
39Sturm, Ruger & Company, Inc., Section 10b CEO totalDEF 14A2025-04-170001174947-25-000594CEO total compensation as printed in Sturm, Ruger & Company, Inc.'s own proxy. As printed: 3,458,903. Filing ↗machine: t41 · r3 · c11 · span 1417784–1417794
40Helios Technologies, Section 10b CEO totalDEF 14A2026-05-040001193125-26-204115CEO total compensation as printed in Helios Technologies's own proxy. As printed: 3,383,351. Filing ↗machine: r2 · c31 · span 1486387–1486396
41Johnson Outdoors Inc., Section 10b CEO totalDEF 14A2026-01-090001140361-26-000787CEO total compensation as printed in Johnson Outdoors Inc.'s own proxy. As printed: 2,767,128. Filing ↗machine: r2 · c22 · span 251468–251478
42MasterCraft Boat Holdings, Inc., Section 10b CEO totalDEF 14A2025-09-150001193125-25-202806CEO total compensation as printed in MasterCraft Boat Holdings, Inc.'s own proxy. As printed: 2,701,502. Filing ↗machine: r3 · c17 · span 1043591–1043600
43Universal Electronics Inc., Section 10b CEO totalDEF 14A2026-04-080001193125-26-147716CEO total compensation as printed in Universal Electronics Inc.'s own proxy. As printed: 1,261,190. Filing ↗machine: r2 · c27 · span 542101–542110
44Section 10a, Callaway Golf Company reciprocityDEF 14A0000837465-26-000013Callaway Golf Company's most recent proxy was read; its disclosed peer group does not include Malibu Boats. Filing ↗
45Section 10a, Helios Technologies reciprocityDEF 14A0001193125-26-204115Helios Technologies's most recent proxy was read; its disclosed peer group does not include Malibu Boats. Filing ↗
46Section 10a, MasterCraft Boat Holdings, Inc. reciprocityDEF 14A0001193125-25-202806MasterCraft Boat Holdings, Inc. names Malibu Boats in its own disclosed peer group (read from its most recent proxy). Filing ↗
47Section 10a, Fox Factory Holding Corp. reciprocityDEF 14A0001424929-26-000018Fox Factory Holding Corp. names Malibu Boats in its own disclosed peer group (read from its most recent proxy). Filing ↗
48Section 10a, Dorman Products, Inc. reciprocityDEF 14A0001140361-26-013339Dorman Products, Inc.'s most recent proxy was read; its disclosed peer group does not include Malibu Boats. Filing ↗
49Section 10a, Smith & Wesson Brands reciprocityDEF 14A0001193125-26-338441Smith & Wesson Brands names Malibu Boats in its own disclosed peer group (read from its most recent proxy). Filing ↗
50Section 10a, Johnson Outdoors Inc. reciprocityDEF 14A0001140361-26-000787Johnson Outdoors Inc.'s most recent proxy was read; its disclosed peer group does not include Malibu Boats. Filing ↗
51Section 10a, YETI Holdings, Inc. reciprocityDEF 14A0001140361-26-011375YETI Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Malibu Boats. Filing ↗
52Section 10a, Acushnet Holdings Corp. reciprocityDEF 14A0001672013-26-000106Acushnet Holdings Corp.'s most recent proxy was read; its disclosed peer group does not include Malibu Boats. Filing ↗
53Section 10a, Universal Electronics Inc. reciprocityDEF 14A0001193125-26-147716Universal Electronics Inc.'s most recent proxy was read; its disclosed peer group does not include Malibu Boats. Filing ↗