Company: MCFT
Filing Date: 2025-09-15
Form Type: DEF 14A
Source: 0001193125-25-202806
Chunk: 22

Company: MasterCraft Boat Holdings, Inc.
Filing Date: 2025-09-15
Form: DEF 14A
Chunk 22
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        |            | 392,600 |     | 60%                     |                 | 235,560 |
| George Steinbarger(1)   |            | 333,125 |     | 50%                     |                 | 166,563 |

(1) Mr. Steinbarger left the Company in February 2025, and therefore was not eligible to receive a payout under the 2025 STIP. The STIP sets a threshold, target, and maximum level for each of these metrics applicable to all executive officers. The targets are set for the year by the CHC Committee based on recommendations from the CEO and the CFO and are communicated to executives at the beginning of each year. While the CHC Committee primarily bases annual cash incentive awards on performance against the targets for the year, it also considers qualitative factors and retains negative discretion in determining actual bonus payouts. After considering these factors, including consideration of the Company’s overall performance in fiscal 2025, the CHC Committee exercised negative discretion and reduced the 2025 STIP payouts from 156.8% to 110% of target, reflecting the CHC Committee’s commitment to aligning the Company’s compensation practices with shareholder interests.

| MASTERCRAFT BOAT HOLDINGS, INC. | 2025 PROXY STATEMENT | 34 |

The target criteria and actual fiscal 2025 results for Total Company divisional free cash flow and the strategic metrics, which consist of market share attainment, and CSI scores, are as follows:

|                              |           | GOAL        |             |               |             |                |
| METRICS                      | WEIGHTING | MINIMUM     | MAXIMUM     | RESULTS       | PERCENTAGE  
 PAYOUT      
 ATTAINED(1) | ACHIEVEMENT    |
| FINANCIAL METRICS(2)         |           |             |             |               |             |                |
| Divisional Free Cash Flow(3) | 70%       | $14 million | $30 million | $29.9 million | 139.3%      | Between target 
 and max        |
| STRATEGIC METRICS(4)         | 30%       |             |             |               | 17.5%       |                |
| TOTAL (blended result)       | 100%      |             |             |               | 156.8%      |                |

(1) Represents payout attained prior to the CHC Committee’s exercise of negative discretion. (2) Financial