11 unchanged sentences
Changes in Internal Control Over Financial Reporting
−Removed: There have been no changes in our internal control over financial reporting during the fourth quarter ended June 30, 2020 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
+Added: During the quarter ended December 31, 2020, we completed the acquisition of Maverick Boat Group.
+Added: Prior to the acquisition, Maverick Boat Group was a privately-held company and was not subject to the Sarbanes-Oxley Act of 2002, the rules and regulations of the SEC, or other corporate governance requirements applicable to public reporting companies.
+Added: As part of our ongoing integration activities, we are continuing to incorporate our controls and procedures into Maverick Boat Group and to augment our company-wide controls to reflect the risks that may be inherent in acquisitions of privately-held companies.
+Added: Other than our integration of Maverick Boat Group, there have been no changes in our internal control over financial reporting during the fourth quarter ended June 30, 2021 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
Other Information
−Removed: Stock Repurchase Program
−Removed: On August 27, 2020, our Board of Directors authorized a stock repurchase program to allow for repurchase of up to $50.0 million of our Class A Common Stock and the LLC's LLC Units for the period from September 2, 2020 to July 1, 2021.
−Removed: Under the New Repurchase Program, we may repurchase our Class A Common Stock and the LLC's LLC Units at any time or from time to time, without prior notice, subject to market conditions and other considerations.
−Removed: Our repurchases may be made through 10b5-1 plans, open market purchases, privately negotiated transactions, block purchases or other transactions.
−Removed: We intend to fund repurchases under the New Repurchase Program from cash on hand.
−Removed: We have no obligation to repurchase any shares under the New Repurchase Program and may suspend or discontinue it at any time.
+Added: Disclosure Regarding Foreign Jurisdictions That Prevent Inspections
+Added: Not applicable.
Directors, Executive Officers and Corporate Governance
25 unchanged sentences
The exhibits filed as part of this Annual Report are listed in the exhibit index immediately preceding such exhibits, which exhibit index is incorporated herein by reference.
+Added: Stock Purchase Agreement dated December 31, 2020 among Malibu Boats, LLC, MBG Holdco, Inc., Maverick Boat Group, Inc., and the other parties named therein.
Certificate of Incorporation of Malibu Boats, Inc.
16 unchanged sentences
Second Incremental Facility Amendment and Second Amendment, dated May 14, 2019, by and among Malibu Boats, LLC, Malibu Boats Holdings, LLC, the other guarantors party thereto, the lenders party thereto, and SunTrust Bank, as administrative agent, swingline lender and issuing bank 10
+Added: Third Incremental Facility Amendment and Third Amendment dated as of December 30, 2020 to the Credit Agreement by and among Malibu Boats, LLC, Malibu Boats Holdings, LLC, the other guarantors party thereto, the lenders party thereto and Truist Bank (successor by merger to SunTrust Bank), as administrative agent, swingline lender and issuing bank.
Engine Supply Agreement dated November 14, 2016 between Malibu Boats, LLC and General Motors LLC 7
50 unchanged sentences
001-36290) filed on May 15, 2019.
−Removed: (11) Filed as an exhibit to the Company’s Annual Report on Form 10-K (File No.
−Removed: 001-36290) filed on August 29, 2019.
(11) Filed as an exhibit to the Company’s Quarterly Report on Form 10-Q (File No.
001-36290) filed on February 6, 2020.
+Added: (12) Filed as an exhibit to the Company’s Current Report on Form 8-K (File No.
+Added: 001-36290) filed on January 5, 2021.
Form 10-K Summary
27 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.