On August 18, 2026, Michael J. Connolly notified the board of directors that he does not intend to stand for re-election at the 2026 annual meeting of stockholders. His decision was not due to any disagreement with the company regarding operations or policies. Concurrently, on August 20, 2026, the board decreased the total number of directors from nine to eight, effective upon the expiration of Mr. Connolly's term at the upcoming annual meeting. Malibu Boats, Inc. manufactures and sells recreational boats.
