Company: MCFT
Filing Date: 2025-09-15
Form Type: DEF 14A
Source: 0001193125-25-202806
Chunk: 18

Company: MasterCraft Boat Holdings, Inc.
Filing Date: 2025-09-15
Form: DEF 14A
Chunk 18
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C Committee will continue to monitor best practices, future advisory votes on executive compensation and other shareholder feedback to guide it in evaluating our named executive officer compensation program. The CHC Committee invites our shareholders to communicate any concerns or opinions on executive pay directly to our Board. Please refer to “Corporate Governance – How to Communicate with Us – Communications with the Board” for information about communicating to our Board.

| MASTERCRAFT BOAT HOLDINGS, INC. | 2025 PROXY STATEMENT | 31 |

COMPENSATION RISK ASSSESSMENT As part of its risk oversight efforts, each year the CHC Committee evaluates our compensation programs to determine whether the design and operation of our policies and practices could encourage executives or employees to take excessive or inappropriate risks that would be reasonably likely to have a material adverse effect on the Company. The CHC Committee has concluded that our compensation programs do not create such risks. In making this determination, the CHC Committee considered the design, size and scope of our cash and equity incentive programs, as well as program features that mitigate against potential risks, such as payout caps, clawbacks and the quality and mix of performance-based and “at risk” compensation. Based on this evaluation, the CHC Committee determined that our compensation policies and practices strike an appropriate balance of risk and reward in relation to our overall business strategy, and do not create risks that are reasonably likely to have a material adverse effect on the Company. ELEMENTS OF OUR COMPENSATION PROGRAM The primary elements of our fiscal 2025 executive compensation structure are base salary, annual bonuses, equity incentive awards and certain employee benefits. Each principal element of our executive compensation program for fiscal 2025 along with the objectives of each element are summarized in the following table and described in more detail below.

| COMPENSATION ELEMENT                              | BRIEF DESCRIPTION                                                                                     | OBJECTIVES                                                                                                                                                      |
| BASE SALARY                                       | ▪Fixed compensation                                                                                   | ▪Provide a competitive, fixed level of cash compensation to attract and retain talented and skilled executives                                                  |
| ANNUAL BONUSES: SHORT TERM INCENTIVE COMPENSATION | ▪Variable, performance-based cash compensation earned based on achieving pre-established annual goals | ▪Motivate executives to achieve or exceed our current-year financial goals and strategic objectives and reward them for their achievements                      
 ▪Aid in retention of key executives in a highly competitive market for talent                                                                                   |
| LONG TERM EQUITY INCENTIVE AWARDS                 | ▪Variable, equity-based compensation to promote