ADDED
The number of outstanding shares of the registrant s Class A common stock, par value $0.01 per share, and Class B common stock, par value $0.01, as of August 25, 2025 was 19,245,009 and 12 , respectively.
Management's Discussion and Analysis of Financial Condition and Results of Operations 39 Item 7A.
All statements other than statements of historical facts contained in this Form 10-K are forward-looking statements, including statements regarding demand for our products and expected industry trends, impact of macroeconomic conditions on our results of operations and financial condition, our business strategy and plans, and management s objectives for future operations.
We are dependent on attracting and retaining key management employees.
If our information technology systems or those of third parties with whom we work or our data, are or were compromised, we could experience adverse consequences resulting from such compromise, including but not limited to regulatory investigations or actions; litigation; fines and penalties; disruptions of our business operations; reputational harm; loss of revenue or profits; loss of customers or sales; and other adverse consequences.
Inflation and heightened interest rates could adversely affect our financial results.
We may be required to repurchase inventory of certain dealers or provide promotional incentives to sell through inventory.
trade policy, tariffs, and import/export regulations may have a material adverse effect on our business, financial condition, and results of operations.
As of June 30, 2025, we are among the market leaders in the United States in the 24 -29 segment of the sterndrive category through our Cobalt brand, we are among the market leaders in the United States in the performance sport boat category through our Malibu and Axis brands and we are among the market leaders in the fiberglass outboard fishing boat market with our Pursuit and Maverick Boat Group brands.
As of June 30, 2025, our distribution channel consisted of over 325 dealer locations globally.
REMOVED
The number of outstanding shares of the registrant s Class A common stock, par value $0.01 per share, and Class B common stock, par value $0.01, as of August 23, 2024 was 20,012,691 and 12 , respectively.
Management's Discussion and Analysis of Financial Condition and Results of Operations 38 Item 7A.
All statements other than statements of historical facts contained in this Form 10-K are forward-looking statements, including statements regarding demand for our products and expected industry trends, our business strategy and plans, our prospective products or products under development, our vertical integration initiatives, our acquisition strategy and management s objectives for future operations.
We are dependent on attracting and retaining key management employees and the transition to our new Chief Executive Officer will be critical to our success.
Our sales may be adversely impacted by the sale of boats previously held in inventory by our former dealer, Tommy s Boats.
Changes in currency exchange rates can adversely affect our results.
Inflation and rising interest rates could adversely affect our financial results.
We may be required to repurchase inventory of certain dealers.
As of June 30, 2024, we had the #1 market share position in the United States in the performance sport boat category through our Malibu and Axis brands and the #1 market share position in the United States in the 24 29 segment of the sterndrive category through our Cobalt brand, and we are among the leading market share positions in the fiberglass outboard fishing boat market with our Pursuit and Maverick Boat Group brands.
As of June 30, 2024, our distribution channel consisted of over 400 dealer locations globally.