Company: MCFT
Filing Date: 2025-09-15
Form Type: DEF 14A
Source: 0001193125-25-202806
Chunk: 17

Company: MasterCraft Boat Holdings, Inc.
Filing Date: 2025-09-15
Form: DEF 14A
Chunk 17
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 FinancialOfficer, Treasurerand Secretary(1) |     | GEORGE STEINBARGER Former President, PontoonGroup(2) |

(1) Prior to his forthcoming retirement, effective December 31, 2025, Mr. Oxley stepped down as CFO of the Company effective June 30, 2025. (2) Mr. Steinbarger departed from the Company in February 2025. This discussion contains statements regarding our performance targets and goals, with respect to performance metrics including Divisional Free Cash Flow and Strategic Metrics . These targets and goals are disclosed in the limited context of our compensation program and should not be understood to be statements of management’s expectations or estimates of financial results or other guidance. We specifically caution investors not to apply these statements to other contexts. Divisional Free Cash Flow is a non-GAAP financial measure. See “Appendix A – Reconciliation of Non-GAAP Measures” below for a reconciliation of Divisional Free Cash Flow to the most directly comparable financial measures presented in accordance with GAAP. We define Divisional Free Cash Flow as EBITDA adjusted for cash flows from accounts receivables, inventories, accounts payable, accrued expenses and other current liabilities, stock compensation, other, and purchases of property, plant and equipment. Strategic Metrics are the Company’s goals to align executives and provide an ongoing mechanism to monitor progress toward these performance measures, and include market share attainment and consumer satisfaction index (“CSI”) scores for each of our reporting segments.

| MASTERCRAFT BOAT HOLDINGS, INC. | 2025 PROXY STATEMENT | 30 |

EXECUTIVE COMPENSATION PHILOSOPHY AND OBJECTIVES Our executive compensation program is designed to facilitate high performance and generate results that will create value for us and our shareholders. The key objectives of our executive compensation program are as follows: ▪ Pay for performance. ▪ Reward our executives with equity in the Company in order to align their interests with the interests of our shareholders and allow our executives to share in our shareholders’ success. ▪ Create a high-performance culture and maintain morale. ▪ Attract, motivate and retain top executive talent. Our CHC Committee and Board review and approve our executive compensation program, and maintain the discretion to adjust awards and amounts paid to our executive officers as they deem appropriate. In evaluating and approving executive compensation, the CHC Committee and Board consider a variety of factors, including significant acquisitions and dispositions, changes in our business strategy, performance expectations for the Company, external market data,