Company: MCFT
Filing Date: 2025-09-15
Form Type: DEF 14A
Source: 0001193125-25-202806
Chunk: 32

Company: MasterCraft Boat Holdings, Inc.
Filing Date: 2025-09-15
Form: DEF 14A
Chunk 32
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| Bradley M. Nelson       |                                                          | 1,290,000 |     |                                                       | 2,935,984 |     |                        | 216,488 |     | —                  |         |
| Timothy M. Oxley        | —                                                        |           |     |                                                       |   572,041 |     |                        | 182,049 |     | —                  |         |
| George Steinbarger      | —                                                        |           |     | —                                                     |           |     | —                      |         |     |                    | 180,296 |

(1) No named executive officer is entitled to payment or acceleration of vesting of equity awards in connection with a termination of employment for cause. However, pursuant to Mr. Nelson’s offer letter, upon termination without Cause (as defined in the offer letter) or within one year following a Change in Control (as defined below), Mr. Nelson will be entitled to a one-time payment in the amount equal to Mr. Nelson’s then current base salary plus his target-level annual STIP award. (2) These amounts represent the vesting of all outstanding RSAs and the payment of PSUs equal to the target award. (3) These amounts represent PSUs that vested based on the formula described above under “Death or Disability.” (4) For Mr. Steinbarger, amount reflects a one-time lump sum payment of $102,500 and continued vesting of 4,664 shares of common stock made in connection with his departure from the Company in February 2025.

| MASTERCRAFT BOAT HOLDINGS, INC. | 2025 PROXY STATEMENT | 42 |

As defined by the LTIP, “Change in Control” means and includes each of the following:

A transaction or series of transactions (other than an offering of common stock to the general public through a registration statement filed with the Securities and Exchange Commission) whereby any “person” or related “group” of “persons” (as such terms are used in Sections 13(d) and 14(d)(2) of the Exchange Act) (other than the Company, any of its subsidiaries, an employee benefit plan maintained by the Company or any of its subsidiaries or a “person” that, prior to such transaction, directly or indirectly beneficially owns voting securities representing more than 50% of the voting power of the Company) directly or indirectly acquires beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act) of securities of the