Company: MCFT
Filing Date: 2025-09-15
Form Type: DEF 14A
Source: 0001193125-25-202806
Chunk: 21

Company: MasterCraft Boat Holdings, Inc.
Filing Date: 2025-09-15
Form: DEF 14A
Chunk 21
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 |         |
| Bradley M. Nelson       |            | 645,000 |
| Timothy M. Oxley        |            | 392,600 |
| George Steinbarger(1)   |            | 333,125 |

| MASTERCRAFT BOAT HOLDINGS, INC. | 2025 PROXY STATEMENT | 33 |

(1) Mr. Steinbarger left the Company in February 2025. The actual base salary received by Mr. Steinbarger in fiscal 2025 was $225,500. ANNUAL BONUS: SHORT TERM CASH INCENTIVE COMPENSATION The Company has established the Short-Term Incentive Plan (“STIP”) to provide annual cash incentive compensation to our executives. The graphic below illustrates the weighting of the metrics and the calculation of the objective component of the STIP.

| BaseSalary | x | Target Annual Cash Incentive Opportunity (% of Base Salary) | x | Divisional Free Cash Flow (weighted 70%)+ Strategic Metrics (weighted 30%) | = | Annual Incentive Bonus Result |

To meet strategic priorities, including inventory management and maintaining dealer health, the CHC Committee determined Divisional Free Cash Flow as the financial performance metric for the fiscal 2025 STIP. Each component of the STIP is determined on a segment level basis, and then aggregated to determine the consolidated results. For Messrs. Nelson and Oxley, STIP payouts are based on consolidated results. TARGET ANNUAL CASH INCENTIVE The target annual cash incentive is expressed as a percentage of each named executive officer’s base salary and is set at the beginning of each year by the CHC Committee. The threshold annual incentive opportunity for each named executive officer ranges from 15 percent to 30 percent of their target opportunity, and the maximum annual incentive opportunity ranges from 95 percent to 190 percent of their target opportunity. The target opportunity for each named executive officer is as follows:

| AWARD OPPORTUNITY       |            |         |     |                         |                 |         |
| NAMED EXECUTIVE OFFICER | BASE       
 SALARY ($) |         |     | TARGET ANNUAL           
 INCENTIVE               
 OPPORTUNITY             
 (as a % of base salary) | TARGET ANNUAL   
 INCENTIVE       
 OPPORTUNITY ($) |         |
| Bradley M. Nelson       |            | 645,000 |     | 100%                    |                 | 645,000 |
| Timothy M. Oxley