Company: MCFT
Filing Date: 2025-09-15
Form Type: DEF 14A
Source: 0001193125-25-202806
Chunk: 19

Company: MasterCraft Boat Holdings, Inc.
Filing Date: 2025-09-15
Form: DEF 14A
Chunk 19
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 achievement of longer-term goals                      | ▪Align executives’ interests with those of our shareholders and encourage executive decision-making that maximizes growth and value creation over the long-term 
 ▪Aid in retention of key executives and ensure continuity of management in a highly competitive market for talent                                               |
| EMPLOYEE BENEFITS AND PERQUISITES                 | ▪Participation in all broad-based employee health and welfare programs and retirement plans           
 ▪Allow usage of a Company-owned boat                                                                  | ▪Aid in retention of key executives in a highly competitive market for talent by providing overall benefits package competitive with industry peers             
 ▪Familiarize executives with the functionality and quality of current model year boats                                                                          |

TERMS OF EMPLOYMENT We currently do not maintain employment agreements, severance or change in control agreements with any of our named executive officers. For Mr. Nelson, the basic terms of employment such as salary, bonus, incentive awards and benefits are set forth in an offer letter. There were no similar arrangements for Mr. Oxley or for Mr. Steinbarger prior to their departures from the Company. All rights relating to accelerated vesting of equity awards upon termination or change in control are set forth in the LTIP (as defined below), applicable award agreement or offer letter. For a discussion of the offer letter, see “Offer Letters with our Named Executive Officers.” For a discussion regarding potential payments upon termination or change in control, see “Potential Payments upon Termination or Change in Control.” On March 3, 2025, in connection with Mr. Steinbarger’s departure, we entered into a Severance and Release Agreement (the “Severance Agreement”). Pursuant to the Severance Agreement, which includes a general release of claims by Mr. Steinbarger against the Company, Mr. Steinbarger was entitled to the following: (i) a one-time lump sum payment of $102,500; and (ii) continued vesting of 4,664 shares of common stock underlying restricted stock awards that were scheduled to vest on March 4, 2025.

| MASTERCRAFT BOAT HOLDINGS, INC. | 2025 PROXY STATEMENT | 32 |

On April 7, 2025, we entered into a retirement and transition agreement (the “Retirement and Transition Agreement”) with Mr. Oxley, pursuant to which Mr. Oxley resigned from his position as CFO, effective June 30, 2025, and will remain employed as a Special