Company: MCFT
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0000950170-25-015130
Chunk: 32

Company: MasterCraft Boat Holdings, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Item 8
Chunk 32
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 2025 have performance criteria set annually over the three-year performance period. This performance criteria is cumulative and is based upon the respective year’s performance compared to budget, which has not yet been established for future performance periods. Therefore, the compensation expense for these awards will not begin until all the key terms and conditions of these awards are known, which will be year three of the performance period.The following table summarizes the status of nonvested PSUs as of December 29, 2024, and changes during the six months then ended. 

        Average

        Nonvested

        Grant-Date

        Performance

        Fair Value

        Stock Units

        (per share)

        Nonvested at June 30, 2024

        139,910

        $
        23.62

        Forfeited

        (10,467
        )

        23.27

        Nonvested at December 29, 2024

        129,443

        23.64

15

 As of December 29, 2024, there was no unrecognized compensation expense related to nonvested PSUs.Incentive Award PlanOn October 22, 2024, at the Company's annual meeting of shareholders, the Company's shareholders approved the Second Amended and Restated MasterCraft 2015 Incentive Award Plan (the “Restated Incentive Plan”), as described in the Company's Definitive Proxy Statement, filed with the SEC on September 23, 2024, to replace the Amended and Restated MCBC Holdings, Inc. 2015 Incentive Award Plan effective as of the date of shareholder approval. The Restated Incentive Plan authorizes an aggregate issuance of up to 1,198,175 shares of common stock, subject to adjustment, in the form of performance awards, restricted shares, restricted stock units, stock options, stock appreciation rights, and other share-based awards. The Company's employees, consultants, and non-employee directors, and employees, consultants, and non-employee directors of our affiliates are eligible to receive awards under the Restated Incentive Plan.

12.EARNINGS PER SHARE AND COMMON STOCKThe following table sets forth the computation of the Company’s net income (loss) per share: 

        Three Months Ended

        Six Months Ended

        December 29,

        December 31,

        December 29,

        December 31,

        2024

        202