Malibu Boats $7.8 Million Securities Class Action Settlement

Shareholders who purchased or otherwise acquired Malibu Boats Inc. (NASDAQ: MBUU) securities (including common stock, call options or put options) between Nov. 4, 2022, and May 1, 2024, and suffered damages may be eligible to claim a cash payment from a class action settlement.

Malibu Boats Inc. agreed to pay $7,800,000 to settle a class action lawsuit alleging it and certain executives made materially false and misleading statements regarding the company’s financial condition, inventory levels and dealer network. The lawsuit claimed these statements artificially inflated the company’s stock price and caused investor losses when corrective information emerged.

Who is eligible to file a claim?

To be eligible for compensation from this settlement, individuals and entities must meet the following criteria:

• They purchased or otherwise acquired Malibu Boats Inc. securities (including common stock and options) between Nov. 4, 2022, and May 1, 2024, inclusive.

Additional information

• Both individuals and entities can be class members.
• Financial institutions or other nominees that purchased Malibu Boats securities on behalf of beneficial owners must either forward the notice to those investors or provide the claims administrator with the beneficial owners’ names and addresses within seven days of receiving the postcard notice.

How much is the securities payout?

The total settlement fund is $7,800,000. The amount each class member may receive depends on several factors:

• The total number of valid claims
• The number and type of securities purchased or sold (common stock or options)
• The timing of each purchase and sale during the class period
• The total recognized losses of all claimants

• The settlement administrator will distribute payments on a pro rata basis according to a court-approved plan of allocation:
• The estimated average recovery before deduction of court-approved fees and expenses is:
• $0.77 per allegedly damaged share of Malibu Boats common stock
• $0.11 per allegedly damaged Malibu Boats option

• The estimated average recovery after deductions for attorneys’ fees, expenses, taxes and notice and administration costs is approximately:
• $0.24 per share of Malibu Boats common stock
• $0.03 per option

• The settlement administrator calculates each claimant’s award using formulas in the plan of allocation that consider when the claimant purchased, sold or held Malibu Boats securities during periods of alleged artificial inflation.
• It determines recognized losses for common stock and options using formulas in the plan that account for purchase price, sale price and whether the claimant held the securities through the alleged corrective disclosures.
• If the total recognized losses of all claimants exceed the net settlement fund, the settlement administrator will reduce payments on a pro rata basis.
• Claimants whose calculated payment would be less than $10 will not receive a payout.

How to claim a settlement payment

Class members can file a claim online or download, print and complete the PDF claim form and mail it to the settlement administrator. The claim deadline is Feb. 14, 2026.

Settlement administrator's mailing address: Malibu Boats Securities Litigation, c/o A.B. Data Ltd., P.O. Box 173139, Milwaukee, WI 53217

Proof or documentation required to submit a claim

All class members must provide the last four digits of their Social Security or full taxpayer identification number.

They must also provide purchase, acquisition and sale information, including:

• Trade dates
• Number of shares purchased, acquired or sold
• Total purchase, sale or acquisition price

Claimants must provide documentation to support their transactions in Malibu Boats Inc. securities. Acceptable forms of proof include:

• Broker confirmation slips
• Broker account statements
• Authorized statements from a broker containing the transactional information found in a confirmation slip
• Other documentation the claims administrator deems adequate

Payout options

• The settlement administrator will mail paper checks to the address claimants provide on their claim form.
• If additional payment options become available, the claims administrator will provide instructions.

$7.8 million settlement fund

The $7,800,000 settlement fund includes:

• Notice and administration costs: To be determined
• Attorneys' fees: Up to $2,340,000
• Attorneys' expenses: Up to $150,000
• Payments to class members: The remainder of the fund

Important dates

• Deadline to request exclusion: Jan. 6, 2026
• Fairness hearing: Jan. 27, 2026
• Deadline to file a claim: Feb. 14, 2026

When is the Malibu Boats securities settlement payout date?

The settlement administrator will issue payments to eligible class members after it processes all claims and the court grants final approval of the settlement and resolves any appeals.

Why is there a class action settlement?

The class action lawsuit alleged Malibu Boats and certain executives made false or misleading statements about the company’s financial health, inventory management and dealer network, which artificially inflated the price of its securities. When the public discovered the alleged misrepresentations, the value of Malibu Boats securities declined, causing investor losses.

The defendants denied all allegations of wrongdoing and liability but agreed to settle to avoid the costs, risks and delays of further litigation.

Sources

1. Class notice
2. Claim form
3. Settlement agreement