MALIBU BOATS, INC.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934

Filed by the Registrant ☒

Filed by a party other than the Registrant ☐

Check the appropriate box:

☐ Preliminary Proxy Statement

☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

☒ Definitive Proxy Statement

☐ Definitive Additional Materials

☐ Soliciting Material under §240.14a-12

MALIBU BOATS, INC.

(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check all boxes that apply):

☒ No fee required.

☐ Fee paid previously with preliminary materials

☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11.

5075 Kimberly Way

Loudon, Tennessee 37774

NOTICE OF ANNUAL MEETING

OF STOCKHOLDERS

To Be Held on October 24, 2025

Malibu Boats, Inc. will hold its 2025 annual meeting of stockholders (the “Annual Meeting”) at Cobalt Boats, 450 Hamilton Industrial Way Lenoir City, TN 37771, on Friday, October 24, 2025, at 8:00 a.m., Eastern Time. The Board of Directors (the "Board") of Malibu Boats, Inc. solicits your proxy for the Annual Meeting. The proxy materials were either made available to you over the internet or mailed to you on or about September 11, 2025. At the Annual Meeting, you will be asked to:

In addition, at the Annual Meeting, we will conduct any other business that may properly come before the meeting. Only Class A and Class B common stockholders of record as of the close of business on August 29, 2025 may vote at the Annual Meeting or adjournments thereof. A list of all stockholders entitled to vote at the Annual Meeting will be available for examination at our principal executive offices at 5705 Kimberly Way, Loudon, Tennessee 37774 for ten days before the Annual Meeting.

For the meaning of certain capitalized terms used in this Proxy Statement, please see "Certain Defined Terms" on page 71.

Important Notice Regarding the Availability of Proxy Materials for the 2025 Annual Meeting of Stockholders: This Proxy Statement and our 2025 Annual Report on Form 10-K are available on the Internet at http://materials.proxyvote.com/56117J.

Your vote is important to us. You may vote your shares by proxy or in person. We urge you to vote by proxy even if you plan to attend the meeting. If you attend the Annual Meeting and vote in person, your proxy will not be used.

PLEASE DATE, SIGN AND MAIL THE ENCLOSED PROXY CARD OR SUBMIT YOUR PROXY USING THE INTERNET.Use of the enclosed envelope requires no postage for mailing in the United States.

By Order of the Board of Directors,

Brooke Zinter

General Counsel and Secretary

Loudon, Tennessee

September 11, 2025

5075 Kimberly Way

Loudon, Tennessee 37774

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