Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-09-21

MasterCraft Boat Holdings (MCFT)

CEO Bradley Nelson was paid $2,701,502 in fiscal year 2025, ↑ up 109.9% from fiscal year 2024, the 33rd percentile of its disclosed peer group (SEC filing 0001193125-25-202806 ↗): 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.

$2,701,502 ↑
Bradley Nelson total, FY2025
33rd
CEO pay percentile vs peers
49:1
CEO-to-median pay ratio
95.44%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Bradley Nelson (Chief Executive Officer and Director), FY2025 total compensation $2,701,502 (base salary $645,000) [exec_comp, SEC accession 0001193125-25-202806, filed 2025-09-15]

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01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Bradley Nelson$645,000$0$1,225,522$0$709,500$0$121,480$2,701,502
Chief Executive Officer and Director
Timothy Oxley392,6000392,602—259,116016,6361,060,954
Former Chief Financial Officer, Treasurer and Secretary
George Steinbarger225,5000183,224000113,995522,719
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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Bradley Nelson$2,701,502$1,286,797—↑ +1,414,705
Timothy Oxley1,060,954840,078893,733↑ +220,876
George Steinbarger522,719845,799505,819↓ −323,080

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

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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.

01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Donald C. CampionIndependent Director$194,771
Jaclyn BaumgartenIndependent Director$171,221
Jennifer DeasonIndependent Director$175,000
Kamilah Mitchell-ThomasIndependent Director$173,154
Peter G. LeemputteIndependent Director$189,097
Roch LambertChair of the Board$297,968
W. Patrick BattleIndependent Director$177,500
02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Timothy OxleyRSU3,031—$56,316
Bradley NelsonRSU23,303—432,970
Bradley NelsonRSU30,331—563,550
Bradley NelsonRSU34,955—649,464
Timothy OxleyRSU11,198—208,059
Timothy OxleyRSU9,094—168,967
Timothy OxleyRSU7,465—138,700
05

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 consultantWTW
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-10-2812,842,607614,19716,43195.44%Passed
20242024-10-2213,657,823423,7308,70596.99%Passed
20232023-10-1714,105,166133,2435,42099.06%Passed
20222022-10-2514,535,004324,4193,27897.82%Passed
20212021-10-1914,474,094251,2334,34498.29%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 yearMeeting dateApproval — company's computation
20252025-10-2895.44%a
20242024-10-2296.99%b
20232023-10-1799.06%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.

07

CEO pay ratio

Ratio (CEO : median employee)49 : 1
CEO total compensation$2,701,502
Median employee compensation—
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Roch LambertIndependent · Board Chair · AUDIT · NCG · STRATEGY$162,500$130,000——$5,468$297,968
Donald C. CampionIndependent · AUDIT · CHC102,50090,000——2,271194,771
Peter G. LeemputteIndependent · AUDIT · CHC97,50090,000——1,597189,097
W. Patrick BattleIndependent · NCG · STRATEGY87,50090,000——0177,500
Jennifer DeasonIndependent · AUDIT · STRATEGY85,00090,000——0175,000
Kamilah Mitchell-ThomasIndependent · CHC · NCG82,50090,000——654173,154
Jaclyn BaumgartenIndependent · NCG · STRATEGY80,00090,000——1,221171,221
Bradley M. NelsonEmployee director—————0
09

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
09b

Total cost of the board

ComponentFY2025
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.

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 MasterCraft Boat Holdings 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 MasterCraft Boat Holdings.

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
1Fox Factory Holding Corp.2025Michael Dennison$1,029,192$6,687,528$0$0$8,234,801
2Motorcar Parts of America, Inc.2026Selwyn Joffe831,5883,140,5290782,4964,840,825
3Smith & Wesson Brands, Inc.2026Mark Smith850,0002,574,30501,035,5494,671,940
4Malibu Boats, Inc.2026Steven Menneto920,0002,610,91401,012,0004,557,820
5Sturm, Ruger & Company, Inc.2025Todd Seyfert625,0003,099,795015,9484,270,103
6Johnson Outdoors Inc.2025Helen Johnson-Leipold924,4191,150,0000458,3152,767,128
7MasterCraft Boat Holdings2025Bradley Nelson645,0001,225,5220709,5002,701,502
8Twin Disc, Incorporated2026John Batten712,0711,002,7670440,0602,345,850
9Latham Group, Inc.2025Scott Rajeski500,000896,5030438,0001,844,715
10National Presto Industries, Inc.2025Maryjo Cohen630,00198,166——754,299
—Marine Products Corporation——————not in coverage universe
—Solo Brands, Inc.——————not in coverage universe
—American Outdoor 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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
MasterCraft Boat Holdingsnot disclosedRSA 50 · PSU 50not disclosedWTW
American Outdoor Brands, Inc.not disclosednot disclosednot disclosednot disclosed
Fox Factory Holding Corp.not disclosedRSU 50 · PSU 50not disclosedPay Governance
Johnson Outdoors Inc.not disclosedPRSU 100not disclosedPearl Meyer
Latham Group, Inc.not disclosednot disclosednot disclosedPearl Meyer
Malibu Boats, Inc.100%PSU 60 · RSU 40Yes — Relative TSRExequity
Marine Products Corporationnot disclosednot disclosednot disclosednot disclosed
Motorcar Parts of America, Inc.not disclosedRSU 50 · PSU 50not disclosedWillis Towers Watson
National Presto Industries, Inc.not disclosedRestricted Stock 100not disclosednot disclosed
Smith & Wesson Brands, Inc.121.8%RSU 50 · PSU 50Yes — rTSR (relative Total Stockholder Return vs Russell 2000 Index)Compensia, Inc.
Solo Brands, Inc.not disclosednot disclosednot disclosednot disclosed
Sturm, Ruger & Company, Inc.not disclosedPRSU 50 · RSU 50Nonot disclosed
Twin Disc, Incorporatednot disclosednot disclosednot disclosedPay 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.

10d

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 33rd 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.

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, Bradley NelsonDEF 14A2025-09-150001193125-25-202806Section “Executive Compensation”. As printed: 2,701,502. Filing ↗machine: r3 · c17 · span 1043591–1043600
2Section 01, Timothy OxleyDEF 14A2025-09-150001193125-25-202806Section “Executive Compensation”. As printed: 1,060,954. Filing ↗machine: r6 · c17 · span 1059811–1059820
3Section 01, George SteinbargerDEF 14A2025-09-150001193125-25-202806Section “Executive Compensation”. As printed: 522,719. Filing ↗machine: r10 · c17 · span 1083231–1083238
4Section 07, pay ratioDEF 14A2025-09-150001193125-25-202806Section “CEO Pay Ratio”. As printed: 49 : 1. Filing ↗
5Section 08, Roch LambertDEF 14A2025-09-150001193125-25-202806Section “Director Compensation”. As printed: 297,968. Filing ↗machine: span 698533–698759
6Section 08, Donald C. CampionDEF 14A2025-09-150001193125-25-202806Section “Director Compensation”. As printed: 194,771. Filing ↗machine: span 688260–688486
7Section 08, Peter G. LeemputteDEF 14A2025-09-150001193125-25-202806Section “Director Compensation”. As printed: 189,097. Filing ↗machine: span 703672–703898
8Section 08, W. Patrick BattleDEF 14A2025-09-150001193125-25-202806Section “Director Compensation”. As printed: 177,500. Filing ↗machine: span 677983–678209
9Section 08, Jennifer DeasonDEF 14A2025-09-150001193125-25-202806Section “Director Compensation”. As printed: 175,000. Filing ↗machine: span 693398–693624
10Section 08, Kamilah Mitchell-ThomasDEF 14A2025-09-150001193125-25-202806Section “Director Compensation”. As printed: 173,154. Filing ↗machine: span 708814–709040
11Section 08, Jaclyn BaumgartenDEF 14A2025-09-150001193125-25-202806Section “Director Compensation”. As printed: 171,221. Filing ↗machine: span 683121–683347
12Section 08, Bradley M. NelsonDEF 14A2025-09-150001193125-25-202806Section “Director Compensation”. As printed: 0. Filing ↗
13Section 06, 2025 voteForm 8-K2025-10-290001193125-25-254872Item 5.07 · say-on-pay result. As reported: 95.44% (votes for as printed: 12,842,607). Filing ↗
14Section 06, 2024 voteForm 8-K2024-10-230000950170-24-116483Item 5.07 · say-on-pay result. As reported: 96.99% (votes for as printed: 13,657,823). Filing ↗
15Section 06, 2023 voteForm 8-K2023-10-170000950170-23-053759Item 5.07 · say-on-pay result. As reported: 99.06% (votes for as printed: 14,105,166). Filing ↗
16Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
17Section 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.machine: formula: Σ = 1,378,711
18Fox 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 ↗
19Motorcar Parts of America, Inc., Section 10b CEO totalDEF 14A2026-07-290001140361-26-030040CEO total compensation as printed in Motorcar Parts of America, Inc.'s own proxy. As printed: 4,840,825. Filing ↗machine: r2 · c24 · span 684737–684747
20Smith & Wesson Brands, Inc., Section 10b CEO totalDEF 14A2026-08-060001193125-26-338441CEO total compensation as printed in Smith & Wesson Brands, Inc.'s own proxy. As printed: 4,671,940. Filing ↗machine: span 959224–959233
21Malibu Boats, Inc., Section 10b CEO totalDEF 14A2026-09-210001590976-26-000067CEO total compensation as printed in Malibu Boats, Inc.'s own proxy. As printed: 4,557,820. Filing ↗machine: r3 · c27 · span 516663–516672
22Sturm, Ruger & Company, Inc., Section 10b CEO totalDEF 14A2026-05-040002077096-26-000120CEO total compensation as printed in Sturm, Ruger & Company, Inc.'s own proxy. As printed: 4,270,103. Filing ↗machine: r2 · c11 · span 1516773–1516783
23Johnson 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
24MasterCraft Boat Holdings (subject), Section 10b CEO totalDEF 14A2025-09-150001193125-25-202806CEO total compensation as printed in MasterCraft Boat Holdings's own proxy. As printed: 2,701,502. Filing ↗machine: r3 · c17 · span 1043591–1043600
25Twin Disc, Incorporated, Section 10b CEO totalDEF 14A2026-09-140001437749-26-030232CEO total compensation as printed in Twin Disc, Incorporated's own proxy. As printed: 2,345,850. Filing ↗machine: r1 · c24 · span 428538–428547
26Latham Group, Inc., Section 10b CEO totalDEF 14A2026-03-200001140361-26-010486CEO total compensation as printed in Latham Group, Inc.'s own proxy. As printed: 1,844,715. Filing ↗machine: r2 · c19 · span 947452–947461
27National Presto Industries, Inc., Section 10b CEO totalDEF 14A2026-04-140001437749-26-012242CEO total compensation as printed in National Presto Industries, Inc.'s own proxy. As printed: 754,299. Filing ↗
28Section 10a, National Presto Industries, Inc. reciprocityDEF 14A—0001437749-26-012242National Presto Industries, Inc.'s most recent proxy was read; its disclosed peer group does not include MasterCraft Boat Holdings. Filing ↗
29Section 10a, Malibu Boats, Inc. reciprocityDEF 14A—0001590976-26-000067Malibu Boats, Inc. names MasterCraft Boat Holdings in its own disclosed peer group (read from its most recent proxy). Filing ↗
30Section 10a, Johnson Outdoors Inc. reciprocityDEF 14A—0001140361-26-000787Johnson Outdoors Inc.'s most recent proxy was read; its disclosed peer group does not include MasterCraft Boat Holdings. Filing ↗
31Section 10a, Latham Group, Inc. reciprocityDEF 14A—0001140361-26-010486Latham Group, Inc. names MasterCraft Boat Holdings in its own disclosed peer group (read from its most recent proxy). Filing ↗
32Section 10a, Motorcar Parts of America, Inc. reciprocityDEF 14A—0001140361-26-030040Motorcar Parts of America, Inc.'s most recent proxy was read; its disclosed peer group does not include MasterCraft Boat Holdings. Filing ↗
33Section 10a, Fox Factory Holding Corp. reciprocityDEF 14A—0001424929-26-000018Fox Factory Holding Corp.'s most recent proxy was read; its disclosed peer group does not include MasterCraft Boat Holdings. Filing ↗
34Section 10a, Smith & Wesson Brands, Inc. reciprocityDEF 14A—0001193125-26-338441Smith & Wesson Brands, Inc. names MasterCraft Boat Holdings in its own disclosed peer group (read from its most recent proxy). Filing ↗
35Section 10a, Twin Disc, Incorporated reciprocityDEF 14A—0001437749-25-029012Twin Disc, Incorporated's most recent proxy was read; its disclosed peer group does not include MasterCraft Boat Holdings. Filing ↗