Company: MCFT
Filing Date: 2025-09-15
Form Type: DEF 14A
Source: 0001193125-25-202806
Chunk: 30

Company: MasterCraft Boat Holdings, Inc.
Filing Date: 2025-09-15
Form: DEF 14A
Chunk 30
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 unvested PSUs were forfeited in connection with his departure from the Company in February 2025, except for 4,664 shares of common stock underlying restricted stock awards that were scheduled to vest March 4, 2025. (2) Based on the closing price of the Company’s common stock on June 30, 2025 of $18.58. (3) The restricted stock vests in three equal annual installments beginning on June 30, 2024. (4) The performance stock units will be earned based upon the Company’s performance, over a three-year period, measured by cumulative adjusted earnings per share, subject to a TSR modifier. The “Performance Period” for the awards is a three-year period commencing July 1, 2023 and ending June 30, 2026. (5) The restricted stock vests in three equal annual installments beginning on March 18, 2025. (6) The restricted stock vests in three equal annual installments beginning on June 30, 2025.

| MASTERCRAFT BOAT HOLDINGS, INC. | 2025 PROXY STATEMENT | 41 |

(7) The performance stock units will be earned based upon the Company’s performance, over a three-year period, measured by cumulative adjusted earnings per share, subject to a TSR modifier. The “Performance Period” for the awards is a three-year period commencing July 1, 2024 and ending June 30, 2027. POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE OF CONTROL Termination of Employment or Retirement: Except in connection with a change in control and under the Rule of 70 (each as defined below), upon a named executive officer’s termination of employment for any reason, all unvested RSAs and PSUs are automatically forfeited (unless the CHC Committee determines otherwise). In the event that (i) an employee's age plus years of employment with the Company equals at least seventy and (ii) the employee is at least 60 years old (the "Rule of 70"), upon retirement from the Company, the employee will receive his or her pro-rata share of any incentive awards for which he or she is eligible. For example, under the Company's STIP, if an employee retired six months into the current fiscal year then if, at the end of the fiscal year performance metrics had been achieved such that a performance bonus would have been paid to the employee under the STIP, then the employee will